ProShares Applies to SEC for 5 Bitcoin ETFs with Indirect Exposure
ProShares, is in the preliminary stages of establishing 5 Bitcoin (BTC) ETFs (two long and three short) that will provide indirect BTC exposure during the first days of spot Bitcoin ETF trading on local stock exchanges. ProShares wishes to introduce leveraged and inverse Bitcoin ETFs, according to a filing with the U.S. Securities and Exchange […]
Survey Shows 12% of Salvadorans Made Bitcoin Purchases in 2023
El Salvador’s José Simeón Caas Central American University found in its yearly survey that 12% percent of the local populace utilized Bitcoin for payment for products and services at least once in 2023. Participating in the survey, which commenced in December 2023, were in-home interviews with 1,280 respondents. A mere 20% of the respondents (20%) […]
Microsoft, Vodafone Partner on Generative AI Integration
Microsoft and the British telecommunications company Vodafone have partnered in a ten-year deal to incorporate generative artificial intelligence (AI) functionalities with Microsoft Azure OpenAI and Copilot. The companies announced on January 17 that Vodafone, in collaboration with Microsoft, will allocate $1.5 billion over the next decade towards developing “customer-focused AI services” and cloud infrastructure. In […]
Crypto Projects in Switzerland, Liechtenstein Worth About $383B
The value of cryptocurrency projects in Switzerland and Liechtenstein is worth over $350B, with the largest of them all being the Ethereum Foundation. As of January 16, a report by the Swiss venture capital firm Crypto Valley (CV VC) indicates that Ethereum, operating under the Ethereum Foundation, is the most valuable project from both nations, […]
US Senate Bills Reject CBDCs Use as Money
States of Tennessee, Utah, South Carolina, and South Dakota have all introduced bills to discourage using central bank digital currencies (CBDCs) interchangeably with physical currency. On January 12, Tennessee State Senator Frank Niceley introduced a bill to the Senate. Money is a recognized and permitted medium of commerce under the Tennessee Uniform Commercial Code (UCC). […]