In brief The Valkryie Funds CIO has said there is only room for three or four Bitcoin ETFs in the United States. Steven McClurg also discussed contango and the mechanics of tracking the price of Bitcoin. Steven McClurg, chief investment officer of Valkyrie Funds, the company behind the Valkyrie Bitcoin Strategy ETF, said there is probably only room for a…
The U.S. Government is auctioning just under $300,000 worth of Bitcoin this week. The General Services Administration (GSA) is currently hosting an online auction of 4.92 BTC, worth around $290,000 at the current price of Bitcoin. The auction is split across five lots, with bidding set to close at 5 pm CT on October 28; the smallest lot available is…
The European Central Bank (ECB) has announced the formation of a market advisory group for the purpose of exploring the infrastructural and circulation potential of the digital euro from the perspective of industry spearheads. The group also aims to uncover the digital euros optimal function within the pan-European currencys vast payments ecosystem. The group includes a number of well-established experts…
Bitcoin has dropped below $60,000 to its current price of $58,823. Today is the first time the flagship cryptocurrency has dipped below the $60,000 mark since October 17, 2021. Bitcoin has been on a historic run of late, breaking into a new all-time high price of $67,276 following news of a Bitcoin futures ETF making landfall in the United States.…
The Bitcoin Fund (QBTCu.TO), a closed-end investment vehicle based in Canada, has received regulatory approval from the Dubai Financial Services Authority (DFSA). The fund debuted on Nasdaq on June 23, 2021, and became the first listed digital asset fund in the Middle East. The funds goal is to provide investors with exposure to Bitcoin (BTC) and the daily price changes…
British police have seized $2.7 million (2 million) worth of Bitcoin from a 17-year-old boywho has not been identified for legal reasonsin Lincolnshire, England. The boy set up a fake website as part of what was described as a sophisticated cyber fraud, and used $8,900 (6,500) worth of stolen vouchers to buy Bitcoin. He was given a 12-month rehabilitation order…
Law enforcement authorities in Ukraine have exposed a crime ring specializing in cryptocurrency theft and laundering of illicit funds for hackers. The gang, which provided services to clients on the darknet, has been dismantled as a result of a joint operation carried out with the United States. Cybercriminals From Ukraine Launder Millions, Offer Flash Drives With Crypto Malware The Cybersecurity…
El Salvadors Bitcoin (BTC) adoption has triggered a digital asset revolution in Latin America, and the region could benefit even more if people can exchange cryptocurrencies, fiat money and the upcoming central bank digital currencies (CBDC) on the same infrastructure, said the head of multicurrency investment platform Uphold. Speaking to Cointelegraph, Uphold CEO JP Thieriot underscored that the nature of…
Slovenias Ministry of Finance is reportedly seeking public consultation on a draft bill related to taxing cryptocurrency investments, according to local reports. The ministrys intent to gauge investor sentiment comes almost a month after the Financial Administration of the Republic of Slovenia proposed a 10% tax on cryptocurrency activities. If signed into law under Slovenias Income Tax Act, the proposed…
Peer-to-peer cryptocurrency marketplace Localbitcoins has announced the launch of a new mobile application for its global user base. The software is designed for devices running on Android. The app has been released in response to a growing number of mobile traders. P2P Crypto Market Localbitcoins Offers Users Android App Popular P2P crypto exchange Localbitcoins has presented a mobile application for…
