Unchained, a leading financial services company focused on Bitcoin, witnessed a 170% rise in Bitcoin-backed loans between the first and second quarters of 2023. Additionally, the company saw an 88% increase in institutional and corporate accounts, a 67% jump in private client sign-ups, and a 260% boom in its inheritance

A year after its initially scheduled debut, Jacobi Asset Management has officially introduced Europe's first spot Bitcoin Exchange-Traded Fund (ETF) on Euronext Amsterdam. Listed under the ticker BCOIN, the Guernsey Financial Services Commission (GFSC) oversees the ETF.  Fidelity Digital Assets renders custodial services, Flow Traders act as the

On August 11th, the approval process was further delayed when the Securities and Exchange Commission (SEC) requested comments on the spot Bitcoin exchange-traded fund (ETF) application submitted by 21 Shares and Cathie Wood's ARK Invest. This marks the second postponement in the listing procedure for this ETF, the

Block Inc., a payments firm, announced a gross profit of $1.87 billion in the second quarter of 2023, marking a 27% increase compared to the same period last year. Of its total Q2 net revenue of $5.5 billion, $2.4 billion came from Bitcoin, according to the company.

The Eighth Judicial District Court of Nevada has accepted a petition from the Nevada Financial Institutions Division (NFID) to put cryptocurrency custodian, Prime Trust, into receivership, pending a hearing.  https://twitter.com/NevadaDBI/status/1681382351325253632 A July 14th court document from Nevada showed that a receiver for Prime Trust was

Alex Mashinsky, founder and ex-CEO of the now-bankrupt crypto lender, Celsius Network, was taken into custody and charged with fraud, as announced by a U.S. prosecutor in New York on July 13th. Additionally, three federal regulatory agencies launched lawsuits against both Mashinsky and his former company. Mashinsky is facing

The Wall Street Journal reports that the Securities and Exchange Commission (SEC) has expressed worries about the recent influx of spot Bitcoin exchange-traded funds (ETFs) applications, indicating that the submissions lack both clarity and thorough information. Echoing BlackRock's strategy, a variety of asset managers such as Fidelity Investments,

In a recent wave of increasing institutional interest in Bitcoin, Fidelity Investments has resubmitted a spot Bitcoin ETF application. This step follows similar filings by various prominent financial entities. On January 27th 2022, the SEC rejected Fidelity’s initial application for a Spot Bitcoin ETF after rejecting applications from First