Osprey Funds, an investment management firm based in Fairfield, Connecticut, has announced its intention to convert the Osprey Bitcoin Trust (OBTC) into a spot Bitcoin exchange-traded fund (ETF). The decision follows the termination of a deal for Bitwise Asset Management…
There is a danger that forced or panic selling could lead to further bitcoin weakness and a break below $90K could lead to a 10% retracement, the report said. What to know: Macro headwinds have seen digital assets sell-off since…
Global crypto exchange BitMEX was slapped with a $100 million fine on Wednesday. A Manhattan federal judge confirmed that the exchange violated the Bank Secrecy Act by “willfully failing” to establish US anti-money laundering (AML) rules. Per the official statement…
In the last few weeks, four firms have announced bitcoin purchases, while seven companies announced a strategy, but no acquisition. What to know: NYSE-listed Genius Group increased its bitcoin treasury to $35 million. Nasdaq-listed Ming Shing bought BTC worth $47…
Russia’s self-styled “crypto queen” Valeria Fedyakina has been charged with “stealing” Bitcoin (BTC) and foreign currency “worth $21.3 million. The Russian state-run news agency TASS reported that prosecutors say Fedyakina, also known as “Bitmama,” offered her clients “investments in crypto”…
The combined supply of top four stablecoins has stabilized with barely any change over the 30-day period. What to know: The combined supply of top four stablecoins has stabilized with barely any change over the 30-day period. That starkly contrasts…