Dogecoin: Elon Musk Asked To Say Something About The $70 Billion Shrunk
Dogecoin’s market value has fallen by $70 billion, due to the fact that SNLDOGE has fallen 70% from its all-time high and because traders stated repeatedly that altcoins have “no bottom” Dogecoin (DOGE) is Elon Musk’s favourite cryptocurrency mascot. Since he openly affiliated it to mainstream TVs, its value has lost tens of billions of […]
VanEck Applied To The US Securities And Exchange Commission
The new VanEck “Bitcoin Strategy Fund” will invest in BTC futures, joint investment vehicles and exchange traded products that provide Bitcoin exposure. VanEck , a US management company, has requested from the US Securities and Exchange Commission a new Bitcoin Term Mutual Fund (BTC). As shown in the prospectus released on Monday, the new “Bitcoin […]
Institutional Sale Of Digital Assets Has Reached An All-time High Since February 2018
The CoinShares weekly report shows that there is another major output in digital asset products, and most institutional sales are focused on Bitcoin funds. According to CoinShares data, institutional managers continue to benefit from their cryptocurrency holdings, and the Bitcoin Dedicated Fund (BTC) has seen exits for the sixth week in a row. Total output […]
Bybit Under Hearing By Canadian Regulator For Alleged Violations Of Securities Law
The panel said Bybit exposes local investors to “unacceptable risks and creates an unbalanced competitive environment in the field of crypto-asset trading platforms.” A notice was issued by the Ontario Securities Commission indicating that it will hold a hearing on Bybit on cryptocurrency exchanges that allegedly “circumvented” Canadian securities laws. In a Monday notice from […]
MicroStrategy Goes Down After Purchasing Bitcoin
After the Bitcoin purchase of MicroStrategy’s stock price crumbled in early trading on Monday, MicroStrategy fell 7.5%, as investors showed a more cautious attitude towards the company’s cryptocurrency investments. In its most recent purchase, the company spent roughly $489 million to procure 13,005 tokens. At the time of the disclosure, the price of Bitcoin continued […]