This issuance will increase the bank’s charter capital from VND 20,000 billion to VND 26,000 billion
Category Archives: Finance
Polygon Creates New Grants Program, 1B POL Unlocked Over 10 Years
Advertisements The program will tap into funds made available by Polygon’s Community Treasury, and the team shared that roughly 100 million POL tokens will be given out each year. Layer-2 network Polygon is starting a Community Grants Program to encourage builders to build in its ecosystem, Polygon Labs said on Tuesday. The program aims toContinue reading “Polygon Creates New Grants Program, 1B POL Unlocked Over 10 Years”
Bitcoin ETFs See $65M Net Outflows on Monday, Breaking 19-Day Record Streak
Advertisements Grayscale’s GBTC saw $40 million in outflows, the most among its counterparts, while Bitwise’s BITB led inflows at $7.6 million. A record 19-day streak of net inflows in U.S.-listed spot bitcoin exchange-traded funds (ETFs) ended Monday as the products saw a combined $65 million in net outflows, preliminary data shows. Grayscale’s GBTC led outflowsContinue reading “Bitcoin ETFs See $65M Net Outflows on Monday, Breaking 19-Day Record Streak”
Payrolls-Led Bitcoin, Ether Price Swoon Is ‘Buy the Dip’ Opportunity, Crypto Trading Firm Says
Advertisements Markets will increasingly price in at least one Fed interest-rate cut for 2024, QCP Capital said. Bitcoin (BTC) and ether (ETH) have lost steam since Friday’s hotter-than-expected U.S. jobs data damped hopes for a Federal Reserve interest-rate cut in September. The post-report price swoon in the two largest cryptocurrencies offers a good opportunity toContinue reading “Payrolls-Led Bitcoin, Ether Price Swoon Is ‘Buy the Dip’ Opportunity, Crypto Trading Firm Says”
Bitcoin, Ether Little Changed Over Weekend After $400M Liquidation Rout
Advertisements The week ahead could boost market volatility with the CPI release on Wednesday, the FOMC meeting on Thursday, and a speech from Janet Yellen on Friday, one firm said. Bitcoin (BTC) and ether (ETH) were little changed over the weekend as open interest and trading volumes slumped after a $400 million leverage flush outContinue reading “Bitcoin, Ether Little Changed Over Weekend After $400M Liquidation Rout”
RoaringKitty a GameStop Billionaire by Friday? Crypto Traders Are Placing 50% Odds
Advertisements A new market on betting application Polymarket has seen over $120,000 in trader placed on Keith Gill making ten figures on his GameStop equity and options holdings. Market watchers are widely backing retail stock trader Keith Gill to clear a billion dollars on his GameStop (GME) stock positions by Friday in what could becomeContinue reading “RoaringKitty a GameStop Billionaire by Friday? Crypto Traders Are Placing 50% Odds”
Bitcoin Bets Hit Peak of $37B as ETF Inflows Set New Record
Advertisements The long-short ratio is starting to tilt in favor of bulls since Wednesday, data indicates, as some traders expect bitcoin to set fresh all-time highs in the coming weeks. Bitcoin (BTC) traders have now placed the highest-ever positions on BTC-tracked futures in the asset’s history as open interest crept over $37.7 billion late onContinue reading “Bitcoin Bets Hit Peak of $37B as ETF Inflows Set New Record”
Bitcoin Miner Bitdeer to Buy ASIC Chip Designer Desiweminer for $140M in All-Stock Deal
Advertisements Bitdeer agreed to acquire all outstanding shares in Desiweminer for a consideration of 20 million Class A ordinary BTDR shares on June 3. Bitcoin (BTC) miner Bitdeer has agreed to acquire Desiweminer, a designer of chips for ASIC mining machines, in an all-stock transaction worth $140 million. Bitdeer agreed to acquire all outstanding sharesContinue reading “Bitcoin Miner Bitdeer to Buy ASIC Chip Designer Desiweminer for $140M in All-Stock Deal”
The Sandbox Raises $20M at $1B Valuation, SAND Rises 4.5%
Advertisements The company planned to raise $400 million at a $4 billion valuation two years ago. Metaverse platform The Sandbox has raised $20 million at a $1 billion valuation as it looks to enhance its user-generated multiplayer gaming platform. Kingsway Capital and Animoca Brands led the funding round, which featured investment from LG Tech VenturesContinue reading “The Sandbox Raises $20M at $1B Valuation, SAND Rises 4.5%”
Crypto Security Firm Ironblocks Builds ‘Firewall’ for DeFi Protocols
Advertisements “Once you get hacked in most of the cases you’re done,” CEO Dadosh said. “And this is what we’re trying to prevent.” A cottage industry of crypto security firms police the aftermath of protocol hacks and heists. Now one of them is out with a “firewall” aimed at stopping those thefts beforehand. Blockchain securityContinue reading “Crypto Security Firm Ironblocks Builds ‘Firewall’ for DeFi Protocols”
Bank of Canada Begins G-7 Monetary Easing Cycle, Trimming Benchmark Rate 25 Basis Points
Advertisements Bitcoin prices could receive a tailwind from lower interest rates in developed economies. As expected, the Bank of Canada Wednesday morning cut its benchmark overnight rate by 25 basis points to 4.75%. The move was anticipated by most economists as policymakers in Canada had previously signaled satisfaction with the direction of inflation alongside someContinue reading “Bank of Canada Begins G-7 Monetary Easing Cycle, Trimming Benchmark Rate 25 Basis Points”
Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany
Advertisements This is Bitpanda’s second major partnership in Germany this year after it was enlisted by LBBW to offer crypto custody services in the country. Crypto broker Bitpanda has enlisted Deutsche Bank (DBK) to process fiat deposits and withdrawals for its users in Germany, according to an announcement on Tuesday. Bitpanda users can now accessContinue reading “Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany”
Australian Regulator Scolded Over ‘Misleading’ Release, Must Pay Costs as Block Earner Avoids Penalty
Advertisements Block Earner doesn’t need to pay a penalty because it acted honestly in seeking to engage with government over regulation of crypto-related products and services. An Australian judge ordered the country’s financial regulator to pay some of the costs of a legal dispute with crypto-based startup Block Earner and chided it for publishing aContinue reading “Australian Regulator Scolded Over ‘Misleading’ Release, Must Pay Costs as Block Earner Avoids Penalty”
Australia’s First Spot Bitcoin ETF With Direct BTC Holdings to Go Live on Tuesday
Advertisements Australia already has two exchange-traded products providing exposure to spot crypto assets on Cboe Australia but they do not hold bitcoin directly. Australia-based Monochrome Asset Management’s Monochrome bitcoin (BTC) exchange-traded fund (ETF) (IBTC) will begin trading on the Cboe Australia exchange on Tuesday, the company told CoinDesk. The product is the first and onlyContinue reading “Australia’s First Spot Bitcoin ETF With Direct BTC Holdings to Go Live on Tuesday”
MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case
Advertisements The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district. MicroStrategy (MSTR) founder and Executive Chairman Michael Saylor agreed to a $40 million settlement with the District of Columbia in what officials said was the biggest-ever income tax fraud recovery in the district, the attorneyContinue reading “MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case”