Tag: Business

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Associated Press plans to launch Chainlink node to publish data

The news agency added it would be open to shifting its approach based on the response from developers as it kept “a finger on the pulse of the blockchain economy.” The Associated Press news agency announced it would be launching its own Chainlink oracle node to ensure any data from its U.S. newspaper and broadcaster…
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Pension fund for Texas firefighters reportedly allocates $25M to Bitcoin and Ether

The fund is responsible for the benefits of more than 6,600 active and retired firefighters as well as surviving family members. The pension fund for firefighters in Houston has allocated part of its $4 billion portfolio towards crypto. According to an Oct. 21 Bloomberg report, the Houston Firefighters’ Relief and Retirement Fund used the New…
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Bitcoin briefly flippens Swiss franc after rally to new ATH

The crypto asset’s market capitalization overtook the Russian ruble in February after a major announcement from car manufacturer Tesla. After hitting a new all-time high price approaching $67,000 earlier on Wednesday, the market capitalization of Bitcoin briefly surpassed the total market cap of the Swiss franc. According to data from Fiatmarketcap, Bitcoin’s market cap was…
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Mt. Gox trustee announces approval of rehabilitation plan, meaning creditors could soon receive billions

Nobuaki Kobayashi said distribution of the Mt. Gox assets likely wouldn’t begin for at least a month, once the rehabilitation plan became “final and binding.” Creditors from the now-defunct crypto exchange Mt. Gox have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin. According to a Wednesday announcement from Mt. Gox…
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Malta financial watchdog approves Iconic’s crypto index fund for stock market listing

Iconic Funds claims its index fund will be Europe’s first with direct exposure to crypto assets listed on a regulated market. The Malta Financial Services Authority has greenlit the crypto asset index fund from asset manager Iconic Funds for listing on the Malta Stock Exchange. In an Wednesday announcement, Iconic Funds said it expected to…
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VanEck Bitcoin Strategy ETF will likely launch next week as crypto prices reach ATHs

The asset manager could be the first to follow ProShares, which listed its Bitcoin Strategy ETF on the New York Stock Exchange on Monday. The United States Securities and Exchange Commission, or SEC, has likely approved asset manager VanEck’s Bitcoin Strategy exchange-traded fund (ETF), with trading expected to begin on Monday. In a Wednesday filing…
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Cosmos announces launch of new blockchain, Sagan

The project teased the release of the blockchain in a video message with a quote from famous astronomer Carl Sagan and a picture of a canary among the stars. The Cosmos cross-chain network is building a new blockchain aimed at allowing developers to experiment with different protocols. In its quarterly keynote report published on Tuesday,…
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Coinbase announces multiyear partnership with NBA and WNBA

The deal comes as the NBA prepares to start its 2021–2022 season, marking the association’s 75th anniversary. Major cryptocurrency exchange Coinbase has inked a deal with the National Basketball Association, giving the platform the opportunity to educate basketball fans on crypto. In a Tuesday announcement, Coinbase said it would become the exclusive cryptocurrency platform partner…
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ProShares Bitcoin-linked ETF launches on NYSE as BTC price rises above $63K

The price of Bitcoin rose to a five-month high of $63,293 following shares of ProShares’ ETF opening for trading. The first Bitcoin (BTC) futures-linked exchange-traded fund in the United States began trading on the New York Stock Exchange, opening at a price of $40 per share. According to the New York Stock Exchange, ProShares’ Bitcoin Strategy…
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Interactive Brokers launches crypto trading in US for four tokens

U.S.-based financial advisers with Interactive Brokers are now able to recommend cryptocurrency investments to their clients. Brokerage firm Interactive Brokers Group is allowing investment advisers registered with the company to trade four cryptocurrencies. In a Monday announcement, Interactive Brokers said its Registered Investment Advisers would be able to trade and custody Bitcoin (BTC), Ethereum (ETH),…
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