The New York State Department of Financial Services (NYDFS) announced a settlement with Genesis Global Trading, which includes an $8 million fine and the relinquishment of its license to operate with virtual currencies in New York. The NYDFS’s investigation into Genesis Global Trading —a subsidiary of Digital Currency Group (DCG)…
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Bitcoin miner Hut 8 has secured an additional $15 million from a subsidiary of the United States-based cryptocurrency exchange, Coinbase, according to a Jan. 12 statement. The miner revealed that the new deal represents an amendment and restatement of its previous $50 million credit facility with the cryptocurrency trading platform,…
Jim Cramer, the outspoken host of CNBC’s “Mad Money,” recently sparked discussions in the financial community with his latest views on Bitcoin, signaling a “major top” in the cryptocurrency’s value. His tweet, discussing insights from trader Larry Williams, departed from his earlier bullish comments on Bitcoin. However, the Mad Money…
BlackRock’s spot Bitcoin ETF launch was highlighted in an interview with CEO Larry Fink on CNBC. Fink, who had previously expressed skepticism about Bitcoin, now views it as a viable asset class, though not a potential currency. This change of stance aligns with BlackRock’s broader strategy of embracing technological advancements…
Quick Take A marked shift in Bitcoin’s fee structure has become noticeable as the digital asset continues to fluctuate. Bitcoin’s fees have seen a significant decrease of 50% from the peak of its recent mini-bull run. In numerical terms, by the end of Dec. 2023, the total amount paid to…
Grayscale has begun moving Bitcoin out of its trust and sending it to Coinbase as of 2 p.m. GMT, Jan. 12. A total of 4,000 BTC (roughly $200M) has been sent as of press time, with all Bitcoin going to Coinbase Prime, one of the key participants in the series…
Europe-based asset management firm CoinShares has exercised its option to acquire Valkyrie’s crypto-focused exchange-traded funds (ETF) investment advisory business, expanding its business into the U.S. In a Jan. 12 statement, CoinShares explained that the deal follows the recent approval of Valkyrie’s spot Bitcoin ETF, the Valkyrie Bitcoin Fund (BRRR), by the…
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South Korea’s Financial Services Commission raised concerns that domestic securities firms brokering overseas-listed Bitcoin spot exchange-traded funds (ETFs) may violate local laws, according to a Jan. 12 notice. The regulator acknowledged that the country was creating a regulatory regime for the emerging industry but cautioned that the brokerage services for these…