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21Shares Announces a Low Fee Bitcoin ETP
21Shares Announces a Low Fee Bitcoin ETP
News  •  Bitcoin  •  Jun 30, 2022 by Adan Kohnhorst

21Shares is the world's largest issuer of cryptocurrency exchange traded products (ETPs), and its newest offering, the Crypto Winter Suite, is a robust toolkit for navigating the bear market. The Crypto Winter Suite is actually a line of products, all of which aim to help investors “buy the

FTX To Buy Distressed BlockFi at Insane Discount
FTX To Buy Distressed BlockFi at Insane Discount
News  •  Business  •  Jun 30, 2022 by Deniz Saat

A term sheet is currently being finalized between derivatives exchange FTX and digital assets platform BlockFi due to extreme market volatility and mismanagement within the company.  According to CNBC, an FTX spokesperson said the company “would not be commenting on the matter.” BlockFi was also unavailable to comment. FTX had

First Spot Bitcoin ETF in Europe to Launch in July
First Spot Bitcoin ETF in Europe to Launch in July

As per the recent press release, Jacobi Asset Management will be launching the first Bitcoin spot ETF in Europe by July, although the exact date is unknown as of now. The ETF received regulatory approval in October 2021 by Guernsey Financial Services Commission (GFSC). It will have an annual management

News  •  Bitcoin  •  Jun 30, 2022
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First Spot Bitcoin ETF in Europe to Launch in July
First Spot Bitcoin ETF in Europe to Launch in July

As per the recent press release, Jacobi Asset Management will be launching the first Bitcoin spot ETF in Europe by July, although the exact date is unknown as of now. The ETF received regulatory approval in October 2021 by Guernsey Financial Services Commission (GFSC). It will have an annual management

News  •  Bitcoin  •  Jun 30, 2022
21Shares Announces a Low Fee Bitcoin ETP
21Shares Announces a Low Fee Bitcoin ETP

21Shares is the world's largest issuer of cryptocurrency exchange traded products (ETPs), and its newest offering, the Crypto Winter Suite, is a robust toolkit for navigating the bear market. The Crypto Winter Suite is actually a line of products, all of which aim to help investors “buy the

News  •  Bitcoin  •  Jun 30, 2022
FTX To Buy Distressed BlockFi at Insane Discount
FTX To Buy Distressed BlockFi at Insane Discount

A term sheet is currently being finalized between derivatives exchange FTX and digital assets platform BlockFi due to extreme market volatility and mismanagement within the company.  According to CNBC, an FTX spokesperson said the company “would not be commenting on the matter.” BlockFi was also unavailable to comment. FTX had

News  •  Business  •  Jun 30, 2022
U.S. Tax Crackdown on Bitcoin and Cryptocurrency Hits Delay
U.S. Tax Crackdown on Bitcoin and Cryptocurrency Hits Delay

The Treasury Department and Internal Revenue Service are likely to delay a January date for the firms to begin tracking data such as customers’ capital gains and losses, according to people familiar with the matter and who asked not to be named at this time. The move would mean that

News  •  Bitcoin  •  Jun 29, 2022
A Closer Look at Circle’s USDC Operation and Possible Failure
A Closer Look at Circle’s USDC Operation and Possible Failure

Twitter user @CryptoInsider23 posted a thread claiming that Circle’s USDC stablecoin “is on the brink of collapse.” The account explains that they were able to come to this conclusion by looking into Circle’s SPAC IPO filings. From the provided tweet and infographic, Circle is currently paying Signature Bank

News  •  Markets  •  Jun 29, 2022
Hedge Funds are Shorting Tether After Terra Implosion
Hedge Funds are Shorting Tether After Terra Implosion

The Wall Street Journal released a report on Monday (June 27th, 2022) stating that hedge funds are ramping up efforts to short Tether (USDT), the stablecoin pegged to the U.S. dollar. Subsequently, Tether Chief Technology Officer (CTO), Paolo Ardoino, voiced his thoughts on Twitter in a 12-part thread. He

News  •  Business  •  Jun 28, 2022
Grayscale Prepares for Spot Bitcoin ETF Ahead of SEC Approval
Grayscale Prepares for Spot Bitcoin ETF Ahead of SEC Approval

Grayscale Investments said Monday (June 27th, 2022) that it is gearing up to work with heavyweight market makers Jane Street and Virtu Financial if the SEC approves their Grayscale Bitcoin Trust (GBTC) to be converted into a spot ETF. GBTC is currently trading at nearly a 30% discount to net

News  •  Bitcoin  •  Jun 28, 2022
Three Arrows Capital Is Facing Insolvency
Three Arrows Capital Is Facing Insolvency

Three Arrows Capital (3AC) is a cryptocurrency hedge fund that was run by Zhu Su and Kyle Davies from their Singapore and Dubai offices.  The company bought Bitcoin on leverage using funds from DAOs and CeFi firms that include Voyager and BlockFi. At its peak the fund was worth around

News  •  Business  •  Jun 27, 2022
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