Business – Page 6 – Ƀitsell X

BlackRock spot Bitcoin ETF filing names Coinbase as ‘surveillance-sharing’ partner

July 4, 2023

The application included a Nasdaq-Coinbase agreement “intended to supplement the exchange’s market surveillance program” following the SEC reportedly saying the filing was unclear. The most recent filing involving asset manager BlackRock’s attempt to launch a spot Bitcoin exchange-traded fund (ETF) included a “surveillance-sharing agreement” with cryptocurrency exchange Coinbase. According to a June 29 filing with…
Read more

Crypto ATM firm Bitcoin Depot will go public on Nasdaq starting July 3

July 1, 2023

The special purpose acquisition company deal, first reported in August 2022, cost $885 million and is expected to allow investors exposure to Bitcoin Depot’s common stock. Bitcoin Depot, one of the largest cryptocurrency ATM firms in the United States, has announced the closing of a merger deal allowing the company to go public. In a…
Read more

Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia

June 27, 2023

The launch announcement followed expansion moves by Bitfinex into El Salvador and Chile through licensing and partnerships, respectively. Digital asset exchange Bitfinex has launched a peer-to-peer (P2P) trading platform in Venezuela, Argentina and Colombia. In a June 27 announcement, the crypto exchange said it had started the “Bitfinex P2P” platform allowing users in the South…
Read more

3AC liquidators look to recoup $1.3B from founders

June 27, 2023

The report came precisely one year after a court in the British Virgin Islands ordered Three Arrows Capital into liquidation. Teneo, the liquidator behind bankrupt hedge fund Three Arrows Capital (3AC), is reportedly seeking to recover roughly $1.3 billion in funds from 3AC founders Su Zhu and Kyle Davies. According to a June 27 Bloomberg…
Read more

Volatility Shares Trust aims for listing of leveraged Bitcoin futures ETF

June 23, 2023

The debut of shares for the Bitcoin investment vehicle is potentially set for June 27, but the U.S. SEC has a pattern of denying many crypto-linked ETF applications. A company behind providing cryptocurrency-linked and other exchange-traded funds (ETFs) has filed with the United States Securities and Exchange Commission (SEC) for listing shares of a leveraged…
Read more

Circle and Sequoia were among top depositors at Silicon Valley Bank: Report

June 23, 2023

According to a Bloomberg report, other major depositors included Silicon Valley Bank, SVB Financial Group, biotechnology research company Altos Labs and China-based firm Kanzhun. Stablecoin issuer Circle and venture capital firm Sequoia Capital were reportedly among the top 10 depositors at the collapsed crypto-friendly Silicon Valley Bank (SVB) in March. According to a June 23…
Read more

Tech giant Alibaba announces crypto-friendly chair following Daniel Zhang stepping down

June 21, 2023

The next company chair of Alibaba has backed several crypto projects through his wealth manager and tweeted he “like[s] crypto” in December 2021. Joe Tsai, the soon-to-be former executive vice chair of China-based technology giant Alibaba, will replace Daniel Zhang as company chair. In a June 20 announcement, Alibaba said Zhang would be stepping down…
Read more

Sotheby’s auctions off Dmitri Cherniak’s ‘The Goose’ NFT from 3AC collection for $6.2M

June 16, 2023

Su Zhu and Kyle Davies originally purchased ‘The Goose’ digital artwork in August 2021 for roughly $5.8 million in Ether. Sotheby’s auction house has sold a piece of digital artwork from the collection of collapsed crypto hedge fund Three Arrows Capital (3AC) for more than $6 million. According to auction records updated June 15, Dmitri…
Read more

Robinhood will end support for 3 tokens named in SEC lawsuits

June 10, 2023

The company cited the SEC’s actions against Coinbase and Binance as reasons for the delisting, saying the lawsuits “introduced a cloud of uncertainty” around the tokens. Cryptocurrency and stock trading app Robinhood announced it will be ending support for Cardano, Polygon and Solana — all tokens labeled as unregistered securities by the United States Securities and…
Read more

CBDC ‘may not be a compelling priority,’ says Kenya’s central bank

June 3, 2023

The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022. The Central Bank of Kenya received comments on a discussion paper on the potential issuance of a digital shilling and hasn’t reached a definitive conclusion. In a June 2 announcement on Twitter, Kenya’s central bank said…
Read more

Tag: Business