Bitcoin

Now Is ‘Really Good Time’ to Buy Bitcoin, Says Expert At the Exchange conference in Las Vegas, Dominic Rizzo, a global technology portfolio manager at R. Rowe Price, highlighted why current conditions make it a prime opportunity for investors to engage with Bitcoin. Key Insights on Bitcoin Investment Rizzo compares Bitcoin’s price to traditional commodities,…

SEC to Host 4 Crypto Industry Roundtables This Spring The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force is set to conduct four essential roundtable discussions focusing on critical topics such as tokenization and decentralized finance (DeFi) starting this spring. These discussions aim to enhance collaboration and regulatory clarity in the rapidly evolving crypto…

Tokenized U.S. Treasuries Surge Past $5 Billion Milestone This week, the market value of tokenized U.S. Treasuries surpassed $5 billion for the first time, driven by a significant influx of investments from major financial firms like BlackRock and Fidelity. As demand for blockchain-based real-world assets (RWAs) accelerates, these tokenized assets are becoming increasingly vital in…

GameStop Considers Bitcoin for Balance Sheet Enhancement In a surprising move, GameStop’s CEO Ryan Cohen is exploring the addition of Bitcoin to the company’s balance sheet, fueled by suggestions from industry leaders advocating for a modern financial strategy. Background and Context The decision for GameStop to add Bitcoin to its balance sheet represents a significant…

Ripple SEC Court Settlement Reaches Significant Milestone The ongoing legal saga between Ripple Labs and the SEC draws closer to resolution, as Ripple is set to reclaim $75 million from a previously imposed fine. This development follows the SEC’s decision to drop its appeal regarding pivotal court rulings on XRP sales. Background and Context The…

SEC Ends Investigation into Web3 Gaming Firm Immutable The U.S. Securities and Exchange Commission (SEC) has officially dropped its investigation into the Australian Web3 gaming platform Immutable, concluding that no enforcement charges will be filed. This pivotal decision marks a significant moment for the crypto industry as Immutable’s co-founder expresses optimism for clearer regulatory frameworks….

Chronicle Secures $12M for Tokenized Assets Infrastructure Blockchain data provider Chronicle has successfully raised $12 million in seed funding to bolster its infrastructure for tokenized assets. The investment, led by Strobe Ventures, aims to meet the surging demand for reliable data solutions in the rapidly growing tokenization market. Background and Context The recent announcement that…

A $41B Investment Firm Chooses Bitcoin ETFs for Stability Calamos Investments, managing over $41 billion in assets, is committed exclusively to Bitcoin ETF investment strategies, rejecting other cryptocurrencies like Ethereum. This approach, aimed at shielding investors from Bitcoin’s notorious volatility, marks a significant stance amid growing interest in crypto funds. Background and Context The rise…

Fidelity Files for Spot Solana ETF on Cboe Exchange Fidelity Investments has officially submitted an application for a new exchange-traded fund (ETF) that will track the price of Solana (SOL). This strategic move comes as part of the firm’s ongoing commitment to expanding its presence in the digital asset ecosystem. Background and Context The recent…

Abracadabra Suffers $13 Million Exploit Linked to GMX In a significant security breach, Abracadabra.Finance has lost approximately $13 million due to an exploit targeting its cauldrons connected to GMX liquidity tokens. Blockchain security firm PeckShield reported that this attack resulted in the theft of 6,260 ETH, emphasizing the vulnerabilities within the decentralized lending platform. Abracadabra…