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Robinhood has announced its agreement to acquire Bitstamp, a Bitcoin and cryptocurrency exchange, for $200 million in cash. This move aims to expand Robinhood's presence in the Bitcoin and crypto market, with the transaction expected to be finalized in the first half of 2025. Established in 2011, Bitstamp
The Thai Securities and Exchange Commission (SEC) has approved the launch of the country's first spot Bitcoin exchange-traded fund (ETF). This move brings Thailand in line with a growing trend of countries offering regulated Bitcoin investment options. The ONE Bitcoin ETF Fund will be managed by One Asset
Medical device manufacturer Semler Scientific (Nasdaq: SMLR) announced it has purchased an additional 247 Bitcoin for $17 million in cash, increasing its total holdings to 828 Bitcoin. The company also plans to raise $150 million to further bolster its Bitcoin reserves. Last month, Semler made headlines by adopting Bitcoin as
Bitcoin - Business - Jun 07, 2024Medical device manufacturer Semler Scientific (Nasdaq: SMLR) announced it has purchased an additional 247 Bitcoin for $17 million in cash, increasing its total holdings to 828 Bitcoin. The company also plans to raise $150 million to further bolster its Bitcoin reserves. Last month, Semler made headlines by adopting Bitcoin as
Bitcoin - Business - Jun 07, 2024Robinhood has announced its agreement to acquire Bitstamp, a Bitcoin and cryptocurrency exchange, for $200 million in cash. This move aims to expand Robinhood's presence in the Bitcoin and crypto market, with the transaction expected to be finalized in the first half of 2025. Established in 2011, Bitstamp
Bitcoin - Business - Jun 06, 2024The Thai Securities and Exchange Commission (SEC) has approved the launch of the country's first spot Bitcoin exchange-traded fund (ETF). This move brings Thailand in line with a growing trend of countries offering regulated Bitcoin investment options. The ONE Bitcoin ETF Fund will be managed by One Asset
Bitcoin - Business - Jun 04, 2024President Biden and the Democrats have recently been projecting a more moderate and conciliatory stance on Bitcoin and cryptocurrency issues. However, following a record-breaking surge in TikTok memberships for Trump, driven by his supporters, it is uncertain how the Democrats will regroup around Bitcoin and cryptocurrencies as an issue. Biden&
Bitcoin - Politics - Jun 03, 2024An application for Australia's first fully-licensed spot Bitcoin ETF under new regulatory guidelines has been submitted to the Australian Securities Exchange (ASX). Monochrome Asset Management, in partnership with Vasco Trustees, announced the updated application for the Monochrome Bitcoin ETF (IBTC), aimed at providing regulated exposure to retail investors.
Bitcoin - Business - Jun 03, 2024Unchained and the University of Austin (UATX) have partnered to create a long-term Bitcoin endowment. Joseph Kelly, CEO and co-founder of Unchained, has donated two Bitcoin to start the campaign, supporting UATX's efforts to incorporate Bitcoin into its financial strategy. I’ve seen the values the organization places
Bitcoin - News - May 31, 2024Goldman Sachs has shifted its stance on Bitcoin, now praising the new spot Bitcoin ETFs as an "astonishing success" after years of skepticism. At the Consensus 2024 conference hosted by CoinDesk, Mathew McDermott, Goldman's global head of digital assets, highlighted the SEC's approval of
Bitcoin - Business - May 30, 2024BlackRock's spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), has surpassed Grayscale's Bitcoin Trust (GBTC) to become the world's largest Bitcoin ETF. As of May 28th, IBIT manages over $20 billion in assets with a holding of 288,670 Bitcoin. This exceeds
Bitcoin - Business - May 29, 2024