ETH Related Products See Institutional Outflows Worth $169 million
Ethereum investment products continued to be the worst-performing for institutional investors in 2022. ETH products have lost nearly $169 million in institutional investment so far this year The Worst-Performing Products For Institutional Investors In 2022 Outflows from crypto investment products slowed slightly last week, owing to a slight improvement in sentiment among institutional crypto investors. […]
Senate approves ‘Bitcoin law’ in Brazil
In a plenary session, Brazil’s Senate has approved the Bitcoin law which is the country’s first measure toward controlling cryptocurrencies and also providing a regulatory framework crypto business. To become law in Brazil, the bill must be approved by the Chamber of Deputies and then signed by President Jair Bolsonaro. According to specialists who spoke […]
GrayScale plans to enter European market
According to Bloomberg, cryptocurrency asset manager GrayScale is planning to harness the opportunities of the European market. GrayScale, a crypto assets management firm, aims to join the European market, according to Bloomberg. For the time being, it’s unclear which countries GrayScale’s expansion request includes. Michael Sonnenshein, the company’s CEO, argues that the strategy would be […]
Former Jefferies FX Brokers Launch Institutional Crypto Exchange
Crossover Markets Group Inc., founded by two former Jefferies FX brokers, aims to make a name for itself in the institutional crypto exchange scene. Two former Jefferies Financial Group executives are planning to launch a new cryptocurrency exchange for institutional investors. Following the completion of a recent seed funding round, the exchange, dubbed Crossover Markets […]
New York State Assembly Passes A Ban Bill On Bitcoin Mines Using Carbon Fuel
The new Bitcoin mining bill will now be sent to the Senate for consideration before being signed into law by Governor Hochul. The New York State Assembly passed a bill late Tuesday, April 26, that would impose a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities in the state that use a carbon-based […]