Advertisements The filing was dismissed because a U.S. judge who called the application a “bad faith” tactic. Crypto neobank Banq, which filed for Chapter 11 in a U.S. bankruptcy court in the district of Nevada, has had its application rejected. The bank’s bankruptcy application was called a “bad faith” tactic to “gain an advantage inContinue reading “Crypto Neobank Banq’s Bankruptcy Case Dismissed by U.S. Judge”
Category Archives: Finance
MSB Ranks Among Top 37 Most Valuable Brands in Vietnam for 2024
With strong growth across key financial indicators, MSB is well-positioned to continue driving value and expanding its market presence in the years ahead.
Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal
Advertisements Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn’t paying out what it promised. A California-based former customer of FTX is suing hedge fund Olympus Peak alleging that the firm’s bankruptcy claims purchasing desk has withheld promised payments on a claim he sold to it. InContinue reading “Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal”
Sentiment More Bearish for Ether Than Bitcoin Even as Trump Widens Leads Over Harris
Advertisements Ether traders display a stronger inclination to mitigate potential downside risks than bitcoin, The bearish sentiment toward ether (ETH) remains pronounced relative to bitcoin (BTC) even as DeFi enthusiast Republican candidate Donald Trump extends his lead over Democrat rival Kamala Harris in prediction markets tied to the outcome of the Nov. 5 U.S. presidentialContinue reading “Sentiment More Bearish for Ether Than Bitcoin Even as Trump Widens Leads Over Harris”
Ether ETFs See Zero Flows for Second Time as Bitcoin ETFs Post Biggest Inflows in 6 Days
Advertisements Bitcoin ETFs enjoyed their highest net inflows since Sept. 27, with FBTC and IBIT leading the way. Ether (ETH) exchange-traded funds (ETFs) in the U.S. saw zero flows on Monday for only the second time since their listing in July, according to data gathered by SoSoValue. Bitcoin (BTC) ETFs, meanwhile, enjoyed their highest inflowsContinue reading “Ether ETFs See Zero Flows for Second Time as Bitcoin ETFs Post Biggest Inflows in 6 Days”
Polymarket Bettors Shuffle Odds of Bitcoin’s Creator Reveal Ahead of HBO Documentary
Advertisements New information over the weekend shattered the consensus on who Satoshi Nakamoto might be. The odds of the late Len Sassaman being revealed as the elusive pseudonymous founder of Bitcoin, Satoshi Nakamoto, in an HBO documentary slumped to 14% after his wife, Meredith L. Patterson, said he was not and that the company hadContinue reading “Polymarket Bettors Shuffle Odds of Bitcoin’s Creator Reveal Ahead of HBO Documentary”
Japan’s Metaplanet Buys Another $6.7M Worth of Bitcoin
Advertisements Metaplanet bought around 108.8 BTC at an average price of just under 9.2 million yen per coin Japanese investment adviser Metaplanet (3350) said it bought another 1 billion yen ($6.7 million) worth of bitcoin (BTC), pushing its holding to 639.5 BTC, worth approximately $40.6 million at current prices. The Tokyo-listed company purchased around 108.8Continue reading “Japan’s Metaplanet Buys Another $6.7M Worth of Bitcoin”
UAE Exempts Crypto Transactions From Value Added Tax
Advertisements The update in the law applies retrospectively from Jan. 1, 2018. The United Arab Emirates has exempted crypto transactions from paying value-added tax (VAT), bringing the industry into line with several traditional financial services. The change, which takes effect Nov. 15, applies retrospectively to transactions from as far back as Jan. 1, 2018. TheContinue reading “UAE Exempts Crypto Transactions From Value Added Tax”
Bitcoin, Gold Could Benefit From Rising Geopolitical Tension and U.S. Election: JPMorgan
Advertisements Geopolitical risk and the upcoming U.S. election are likely to reinforce the ‘debasement trade,’ to the benefit of both bitcoin and gold, the report said. Geopolitical tension and the upcoming U.S. presidential election will likely underpin the ‘debasement trade,’ and this favors both bitcoin (BTC) and gold, JPMorgan (JPM) said in a research reportContinue reading “Bitcoin, Gold Could Benefit From Rising Geopolitical Tension and U.S. Election: JPMorgan”
Bitcoin’s Poor Start to Bullish October Continues, but There May Be Cheer Ahead for Bulls
Advertisements Most gains for bitcoin come in the latter part of the month. Bitcoin’s (BTC) poor start to its historically most bullish month since 2013 continued as the asset briefly slid under $60,000 late Thursday, before recovering, causing over $144 million in bullish crypto bets liquidated. BTC traded just over $61,300 to remain flat overContinue reading “Bitcoin’s Poor Start to Bullish October Continues, but There May Be Cheer Ahead for Bulls”
Bitcoin Holder Metaplanet Sells BTC Options to Boost Coin Stash
Advertisements The company strengthens its bitcoin position with a strategic options sale, generating nearly 24 BTC ($1.44M) in premium. Tokyo-listed bitcoin holder Metaplanet Inc. is now using bitcoin (BTC) options to boost its coin stash, diverging from its peer, the U.S.-listed Microstrategy’s debt-fueled accumulation strategy. On Tuesday, Metaplanet announced the sale of 223 contracts ofContinue reading “Bitcoin Holder Metaplanet Sells BTC Options to Boost Coin Stash”
Bitcoin ETFs Bleed $242.6M, Biggest Outflow Since Sept. 3
Advertisements The outflows snapped an eight-day winning streak as BTC lost as much as 6% amid an acute heightening of tensions in the Middle East. Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. saw outflows of $242.6 million on Tuesday in their worst day since Sept. 3, according to data from SoSoValue. The outflows snappedContinue reading “Bitcoin ETFs Bleed $242.6M, Biggest Outflow Since Sept. 3”
Tokenization Allows More Efficient Collateral Transfers, Digital Asset, Euroclear and World Gold Council Found in Pilot Project
Advertisements The initiative created digital versions of gilts, eurobonds and gold on the Canton Network to test complex financial transactions on blockchain rails. Real-world asset tokenization company Digital Asset said Tuesday that it completed a pilot initiative to tokenize U.K. bonds (gilts), Eurobonds, and gold for financial transactions using the Canton Network protocol. Major securitiesContinue reading “Tokenization Allows More Efficient Collateral Transfers, Digital Asset, Euroclear and World Gold Council Found in Pilot Project”
Bitcoin $100K Bullish Bet Draws Nearly $1B Open Interest on Deribit
Advertisements The $100,000 call is the most popular bitcoin option on Deribit. Need evidence of just how bullish the bitcoin (BTC) market sentiment is? Look no further than crypto exchange Deribit, where traders have locked in nearly $1 billion in call options at a $100,000 strike, providing buyers with an asymmetric upside above the saidContinue reading “Bitcoin $100K Bullish Bet Draws Nearly $1B Open Interest on Deribit”
Cryptocurrencies Continue to Outperform the Stock Market: Canaccord
Advertisements A potential bitcoin rally could start between now and April if the crypto follows historical patterns post halving, the report said. The digital assets sector continues to outperform the stock market this year, with bitcoin (BTC) leading the charge, broker Canaccord said in a quarterly report on Monday. The broker noted that the world’sContinue reading “Cryptocurrencies Continue to Outperform the Stock Market: Canaccord”