Bitpanda Launches ‘Bitpanda Wealth’ for Institutional Investors
In response to the increasing demand for institutional cryptocurrency services in Europe, Austrian fintech unicorn Bitpanda is introducing an institutional-grade cryptocurrency trading platform called Bitpanda Wealth. A significant cryptocurrency broker established in 2014, Bitpanda has introduced Bitpanda Wealth, a new service designed for corporate treasuries, family offices, external asset managers, and high-net-worth individuals. Bitpanda stated […]
Germany Seizes 50K BTC Connected to Piracy Websites
As a component of an inquiry into copyright infringements, authorities in the German state of Saxony purportedly seized approximately 50,000 Bitcoin earned from piracy websites. The Saxony police announced on January 30 that they collaborated with tax authorities and prosecutors to seize the Bitcoin, allegedly associated with two Polish and German nationals. As per the […]
Visa, Transak Partner to Provide Crypto Withdrawal Services
Visa, a global payment giant, and Transak have partnered to enable an alternative method of withdrawing cryptocurrencies that circumvents the need for a centralized exchange. The Web3 infrastructure provider Transak and Visa have formed a partnership to enable cryptocurrency payments and withdrawals via the Visa Direct solution, the companies announced on January 30. Using the […]
Floki Restricts Staking for Hong Kong Users Following SFC’s Warning
The Hong Kong Securities and Futures Commission (SFC) has cautioned users against staking in the dog-themed meme coin project, Floki, describing it as “suspicious investment products.” The SFC warned users within its jurisdiction on January 26 regarding the Floki and TokenFi staking programs, highlighting their guaranteed annualized returns ranging from 30% to over 100%. As […]
GBTC Sell-off Affects Bitcoin Market Dynamics – Report
A substantial sell-off of Grayscale Bitcoin Trust ETF (GBTC) shares, aided partly by the insolvency of FTX, has reportedly impacted Bitcoin’s recent value decline in January 2024, according to a new market report from Bitfinex. Profits realized after Grayscale’s effective conversion of its GBTC trust to an exchange-traded fund (ETF) had a substantial impact on […]