BitGo drops 12%, sinks below IPO price on day two
The company went public with an approximate valuation of $2 billion on Thursday. BitGo (BTGO) shares, which debuted on the New York Stock Exchange (NYSE) on Thursday, have declined by 12% by midday on Friday, significantly lagging behind other cryptocurrency firms. The stock, which reached a peak of $24 after its IPO at $18 a […]
Grayscale applies for BNB-tracking ETF in the United States
Grayscale Investments has submitted an S-1 registration to the U.S. Securities and Exchange Commission (SEC) to establish an exchange-traded fund that tracks BNB. A Form S-1 submitted on Friday indicates that the proposed product is named the Grayscale BNB ETF. The application requests authorization to launch a publicly listed ETF aimed at mirroring the price […]
Crypto wallet firm Ledger targets $4B valuation in U.S. IPO
Ledger, a crypto wallet firm, is working with Goldman Sachs, Jefferies, and Barclays to complete the transaction this year. The French hardware wallet maker Ledger is allegedly preparing for a US initial public offering (IPO) in partnership with several prominent Wall Street institutions. The Financial Times reported on Friday that the cryptocurrency security firm is […]
NJ man sentenced to 12 years for paying fentanyl suppliers with Bitcoin
Eight co-defendants have already entered guilty pleas in connection with the conspiracy, which marketed narcotics as fake medicinal tablets throughout New Jersey. A man from North Haledon will serve the next twelve years in prison for his role in flooding almost a metric ton of fentanyl-related drugs onto American streets, which was financed by hundreds […]
Kansas bill proposes government-managed Bitcoin reserve
To allow staking benefits to flow into a reserve fund, the idea aims to place abandoned digital assets under governmental custody. Legislators in Kansas have proposed legislation that would directly integrate digital assets into the state’s unclaimed property framework by establishing a state-run reserve fund for Bitcoin and digital assets. The law suggests that some […]