Author name: Peter

UBS Offers Wealthy Clients Access to Crypto ETFs in Hong Kong

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UBS Group AG Introduces Crypto ETFs to Wealthy Clients in Hong Kong UBS Group AG, the Swiss financial services giant, has reportedly started offering wealthy clients in Hong Kong access to three crypto exchange-traded funds (ETFs). According to Bloomberg, the move comes after the Securities and Futures Commission (SFC) granted regulatory approval for these ETFs. […]

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Grayscale Investments Engages with SEC on Bitcoin ETF Conversion

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Grayscale Investments CEO Discusses Bitcoin ETF Conversion Grayscale Investments CEO Michael Sonnenshein recently spoke about the company's plan to convert its flagship bitcoin trust (GBTC) into a spot bitcoin exchange-traded fund (ETF). In an interview with Bloomberg at DC Fintech Week, Sonnenshein mentioned that Grayscale is actively engaging with the U.S. Securities and Exchange Commission

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The Rise of CME Group: Surpassing Binance in Bitcoin Futures Open Interest

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An Increasing Interest in Bitcoin The financial sector is closely monitoring the progress of several spot bitcoin (BTC) exchange-traded funds (ETFs) awaiting regulatory approval. These days, investors are increasingly convinced of the crypto asset's allure to institutional investors. Mike Novogratz of Galaxy Digital underscored this sentiment in the company's Q3 earnings call, predicting that "2024

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Bitdeer Expands into AI Computing and Cloud Services, Joins Nvidia Partner Network

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Bitdeer's Strategic Move into AI Computing Bitcoin mining enterprises are increasingly diversifying their operations, with many now turning their focus to artificial intelligence (AI) computing and cloud services. Bitdeer, a publicly traded blockchain and high-performance computing company based in Singapore, recently announced its expansion into the AI sector. As part of this strategic move, Bitdeer

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Bitcoin Surges to Become the 11th Largest Global Asset, Approaching Berkshire Hathaway’s Valuation

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The value of bitcoin (BTC) has witnessed an impressive surge of over 38% against the U.S. dollar in the last six months, resulting in a remarkable 125% increase year-to-date. Scaling new heights not seen in 18 months, bitcoin's market capitalization has now reached the eleventh position among global assets, joining the ranks of precious metals,

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Bitcoin, Ethereum Technical Analysis: Bullish Trends and Overbought Signals in BTC and ETH

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Bitcoin and Ethereum Navigate Through Market Uncertainty While global equities slumped following the speech from U.S. Federal Reserve chairman Jerome Powell on Thursday, crypto markets held strong with an overall market valuation of $1.4 trillion on Friday, November 10, 2023. Bitcoin Bitcoin's recent price action reflects a positive uptrend with its value piercing through the

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Maximizing Efficiency in High Fee Environments: A Guide to Bitcoin UTXO Consolidation

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Introduction In the ever-evolving world of Bitcoin, managing your unspent transaction outputs (UTXOs) is crucial for minimizing costs. As transaction fees continue to soar unexpectedly, understanding UTXO consolidation becomes essential for optimizing your bitcoin management strategies. Understanding UTXOs and Their Role in Your Wallet When you receive bitcoin (BTC), the transaction generates UTXOs, which are

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Glassnode Data Reveals Bitcoin Supply Becoming Less Liquid Despite Market Gains

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Bitcoin's Scarce Supply Contradicts Price Rally A recent study conducted by Glassnode on onchain activities has shed light on the tightening supply of bitcoin. Despite the significant increase in bitcoin's value this year, the study shows that the inactivity of coins has reached unprecedented levels. Over the past year, BTC has experienced a surge of

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CBDCs: Securing the Future Monetary System, Says BIS Chief

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The Role of CBDCs in the Future Financial System In a recent speech in Basel, Switzerland, Agustín Carstens, the chief of the Bank for International Settlements (BIS), highlighted the importance of central bank digital currencies (CBDCs) in shaping the future of the financial system. Carstens emphasized that CBDCs will bring innovation and meet public expectations.

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Dr. Doom Embraces What He Once Scorned: Nouriel Roubini’s Firm Rolls Out Crypto Amidst Criticism

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Nouriel Roubini's Firm Reveals Climate-Focused Crypto Token Renowned economist Nouriel Roubini, famously known as "Dr. Doom" due to his strong skepticism towards cryptocurrency, is facing criticism as his company, Atlas Capital, announces its entry into the crypto market. This move marks a significant shift in Roubini's previous stance, where he labeled crypto enthusiasts as "corrupt,

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