Smartlands Platform Launch: Tokenizing the Real Economy in Europe With a First-Mover Advantage

In April, Smartlands will launch an alternative investment platform for buying and selling tokenized shares of real-world assets.

Crypto and Traditional Finance To Merge Via M&As

As Coinbase has already gone public, and eToro, Kraken are also planning to list their shares, we can also expect to see an increase in acquisition activity in the coming months.

Coinbase’s $86bn Valuation Has Been Grossly Exaggerated by Misleading Media

Coinbase shares closed at $327 on their Nasdaq debut, giving the crypto exchange an initial market cap of $86bn on a fully diluted basis.

Gaming Giant WeMade Wants to Buy Bithumb – Report

Another South Korean gaming giant has been linked with a possible deal to take over Bithumb, one of the country’s biggest crypto exchanges. Per a report from Chosun, WeMade, the firm behind the Legend of Mir series, is the latest to express an interest in buying a stake in the crypto trading platform, whose biggest shareholder put his shares up for sale last year, as

Cathie Woods' Ark buys a further $110M worth of Coinbase shares

Three exchange-traded funds offered by Cathie Wood’s Ark Invest added a total of 341,186 shares in Coinbase (COIN) worth a combined $110 million on April 15.

Cathie Wood’s Ark Funds Now Hold Over One Million Coinbase Shares 

Two days after Coinbase's direct listing on Nasdaq, three of Ark's funds now hold a combined 1,090,388 Coinbase shares, valued around $352 million.

Rothschild Investment Corp Acquires Over 250M Shares in Grayscale ETH Trust

The Rothschild Investment Corp has revealed that it has taken up a new crypto position by purchasing 265,302 shares of Grayscale Ethereum Trust.

Rothschild Investment Corp snaps up quarter of a million shares in Grayscale ETH Trust

Rothschild Investment Corp, has acquired more than 250,000 shares in Grayscale’s ETH trust, and added 8000 shares to its BTC trust holdings — however the firm holds zero ties to the famed Rothschild family dynasty.

Cathie Wood's ARK Dumps Tesla to Buy $246 Million in Coinbase Shares

ARK Invest sold $178 million in Tesla shares to make room for $246 Million in Coinbase stock on the day of the crypto exchange's listing.

Millions of Swedish savers have exposure to Bitcoin via state pension fund

Almost 5 million Swedes have indirect exposure to Bitcoin through the shares held by state pension fund AP7.

Interest in Coinbase Spikes Upon Direct Listing; Now a Top Finance App

The interest in the major crypto exchange Coinbase has spiked on the day of the direct listing of its shares, while it's now among the top financial apps in the US - also standing relatively high among all apps as well. As it's well-known by now throughout the Cryptoverse and beyond, Coinbase went public on the Nasdaq stock exchange via a direct public offering (DPO)

ARK buys $246M of Coinbase stock, adds COIN to three ETFs

ARK Invest has spread nearly 750,000 COIN shares across three of its ETFs. Three exchange-traded funds offered by Cathie Wood’s ARK Invest purchased 749,205 shares in Coinbase Global, Inc (COIN) worth roughly $246 million combined. The ARK Innovation ETF (ARKK) now holds 512,535 COIN shares, while the ARK Next Generation Internet ETF (ARKW) purchased 147,081 shares, and the ARK Fintech Innovation ETF (ARKF) bought 89,589. ARK’s funds were not the only ETFs accumulating COIN, with the Amplify Transformational Data Sharing ETF (BLOK) also getting in on the action.

You can already invest in hundreds of ETFs with exposure to Bitcoin

Despite the lack of United States-based Bitcoin ETF, hundreds of funds have made significant investments into the blockchain and crypto industries. Numerous US-traded exchange-traded funds, or ETFs, are loading up on shares in the world’s top crypto firms. According to ETF.com, hundreds of funds have invested in publicly-listed companies that are holding BTC on their balance sheets.

Coinbase listing is crypto’s 'Netscape moment,' says Mike Novogratz

If Coinbase stocks were to follow in Netscape’s footsteps for its first-day listing, the price would need to rise to roughly $636. Galaxy Digital founder and CEO Mike Novogratz compared the listing of Coinbase's shares on Nasdaq today to the dawn of a new age in the adoption of crypto. In an interview with CNBC’s Squawk Box this morning, Novogratz called the long-awaited initial public offering, or IPO, of the major cryptocurrency exchange’s stock shares "the Netscape moment for the cryptocurrency economy." The Galaxy Digital CEO was referring to the tech company behind one of the earliest Internet browsers — Netscape Navigator — whose stock price surged from $28 to $75 in its first day.

Coinbase's COIN stock trading on Nasdaq is off to a rocky start

Early price action from the Coinbase stock listing on the Nasdaq reveals volatile reaction from traders. Trading has already begun on Coinbase’s COIN stock on the Nasdaq after weeks of anticipation following the US exchange giant’s direct listing announcement. COIN began trading significantly higher than the $250 reference stock price assigned by Nasdaq prior to the market open, rising quickly to around $430.

Coinbase COIN Starts Trading at a Price Around $400 and Over $100 Billion Valuation

Coinbase COIN shares officially started trading on Nasdaq with an opening price circling $400, giving it a market valuation of around $100 billion.

Coinbase tokenized shares seem to be in free fall on FTX

The "Coinbase pre-IPO contract" has seen extreme volatility on FTX derivatives exchange.

Coinbase could see fee compression in long term, CEO expects

Brian Armstrong expects other revenue streams to take the lead in five or 10 years. Coinbase CEO Brian Armstrong has addressed the platform’s transaction fees as the company's shares list on Nasdaq today. In a CNBC Squawk Box interview on Wednesday, Armstrong discussed public concerns associated with Coinbase’s massive returns coming from transaction fees.

After Coinbase: What Crypto Companies Will Go Public Next?

Coinbase will set an important milestone on Wednesday as the first major crypto company to publicly list shares.

Coinbase Employees Get Extra Millions That Might Be Spent on BTC and Alts

Source: Instagram, Coinbase Hundreds of Coinbase employees have been handed shares worth thousands of dollars ahead of the crypto exchange giant’s direct listing – expected to be completed today, money that might well be used to invest in bitcoin (BTC) and altcoins.

Coinbase’s COIN stock reference price set at just $250, as 1,700 staff get free shares

Coinbase’s reference price of $250, received ahead of the Nasdaq direct listing, values a “thank you” gift to all 1,700 full-time employees at $25,000. Major US exchange Coinbase’s COIN stock has received a reference price at $250 from Nasdaq, ahead of the much-anticipated direct listing on the stock exchange just hours from now. The price is far below the current FTX pre-trading price of $600, albeit on thin 24-hour volume of under $4 million. The exchange is going public via a direct listing instead of an IPO, meaning the reference price is not a direct indicator of the company’s market cap.

Coinbase Awards All Employees 100 Shares in Surprise Giveaway

Coinbase surprised its approximately 1700 employees by giving out shares just ahead of its public listing.

Coinbase Nasdaq Listing on April 14th: What You Need to Know

The direct listing of Coinbase shares on Nasdaq is scheduled for April 14th.

NYSE celebrates historic 'first trades' with NFT series

The NYSE’s NFTs will celebrate the first trades made in the shares of Spotify, Unity, DoorDash, Snowflake, Roblox, and Coupang. The New York Stock Exchange, or NYSE, has jumped on the NFT bandwagon by minting nonfungible tokens celebrating the first trade made in the shares of prominent US companies. In an April 13th announcement, NYSE’s president, Stacey Cunningham, described NFTs as a “new, fun way to mark the moment” of a company’s first trade on the NYSE. The first six NYSE NFTs commemorating the first trades for Spotify, Snowflake, Unity, DoorDash, Roblox, and Coupang, with Cunningham confirming “there will be many more NYSE NFTs to come.” The first NFTs are already listed on Crypto.com’s NFT marketplace, with the tokens hosting a 10-second video clip presenting information about the company’s first trade — including its time, date, and listing price. NYSE’s First Trade NFT for Spotify: Crypto.comNYSE’s announcement received a mixed response on social media, with Twitter user “Aaron” saying he “had to check the calendar just to make sure it wasn’t April 1st” upon reading the news. Infamous crypto Twitter troll “Bit Lord” was less political with his phrasing: “You clowns haven’t even listed $BTC, get off my timeline scammers.” Alex Gausman, the founder of nonfungible token fractionalization platform, NFTX, noted he could not find the contract address for NYSE’s tokens, adding: “That’s like the least cool/artistic thing ever.

Binance offers Tesla stock token, could Coinbase (COIN) follow?

Crypto exchange Binance has announced the launch of a new product, tokenized shares of publicly traded companies.

HSBC Abruptly Bans Clients From Investing in Michael Saylor’s MicroStrategy

British investment banking giant HSBC now prohibits its customers from buying shares of Michael Saylor’s business intelligence firm MicroStrategy (MSTR).

Coinbase Goes Public on April 14: How to Buy Shares

Coinbase shares will begin trading on public markets on Wednesday.

Binance launches tradable stock tokens in Tesla

As distinct from traditional shares, a stock token can be fractionalized into smaller, more affordable units, meaning that more users can potentially benefit from capital returns on equities. Cryptocurrency exchange Binance is launching tradable stock tokens that aim to enable a wider section of the public to pocket capital returns on equities, including potential dividends, without having to purchase full, traditional shares. The first publicly tradable equity in the form of a Binance stock token will be Tesla, the share price of which currently hovers around the $700 mark.

Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 Million

The Shanghai-based online game operator, The9 Limited, has revealed the company is planning to acquire 2,000 Canaan Avalonminers for over $6 million in a stock deal.

SEC approves Exodus wallet for Regulation A stock offering

Exodus shares are now available for purchase through its wallet.

Ebang refutes Bitcoin ‘China Hustle’ claims as share price falls 20%

A NASDAQ traded Chinese Bitcoin mining firm has seen its shares fall 20% after a damning short report unveiled some alleged dodgy dealings. The share price of Chinese Bitcoin (BTC) mining company Ebang continues to fall, while the firm refutes claims made in a Hindenburg Research report which alleged it was pilfering American investors’ cash. The Hindenburg Research report, published April 6, described Ebang as “simply the latest chapter in the ‘China Hustle’ disguised as a Bitcoin mining play.” The report alleges that Ebang raised hundreds of millions of dollars through public offerings in the United States under the guise of operating as a Bitcoin mining company.

GBTC Holder Says Not Enough Being Done to Eliminate Discount on Shares— Proposes an Alternative Solution

A privately-held investment firm from Chicago, Marlton Partners, has urged Grayscale Investments to embrace the modified Dutch auction tender offer for GBTC shares.

Coinbase Listing Won't Help Bitcoin Price - Analyst

Source: A screenshot, Instagram, Coinbase The narrative that the listing of the shares of major crypto exchange Coinbase is helping the price of bitcoin (BTC) higher - is false, according to a prominent Bitcoiner, Vijay Boyapati, the author of 'The Bullish Case for Bitcoin' and Senior Software Engineer at Peach.

GME drops 14% as GameStop announces plans to sell up to 3.5M shares

After skyrocketing above $370 following the Reddit-driven short squeeze, GameStop shares are now trading at around $160.

Collectibles giant Funko shares surge after acquiring NFT app Tokenwave

Among the first publicly-traded companies to jump on the NFT bandwagon, they won't be the last In a flurry of price action reminiscent of 2017 mania, shortly after announcing that they had acquired NFT display and tracking platform Tokenwave, pop-culture collectibles giant Funko’s stock (NYSE: FNKO) rallied over 20%.  Unlike many price-pumping announcements heavy on hype and sparse on content from the last bull run (and the dozens inevitably to come over the next few months), Funko and NFTs may be a perfect fit, however. On Thursday the creator of the widely popular Funko Pops collectibles line announced in a press release that they had acquired a majority stake TokenWave, the developers of the TokenHead NFT app built on the WAX blockchain.

Next Week, Coinbase To Disclose Q1 Results Ahead of COIN Listing On April 14

Source: a screenshot, Instagram/Coinbase Next week, US-based major crypto exchange Coinbase might provide more details about the status of the crypto market in the first quarter of this year as it aims for a direct listing of its shares on April 14.

Canada's Purpose Bitcoin ETF may be cutting into Grayscale's market share

Following the launch of Canada’s first Bitcoin ETF, shares in Grayscale’s Bitcoin Trust have spent an entire month trading at a discount compared to spot BTC for the first time. For the first time, shares in Grayscale’s Bitcoin Trust traded at a discount compared to spot BTC for an entire month. Rafael Schultze-Kraft, the CTO of on-chain analytics provider Glassnode, shared the observation to Twitter on April 1, noting shares in the institutional fund manager’s Bitcoin Trust had traded at a notional discount of -6% on average during March. He noted the discount in Grayscale’s BTC shares has coincided with the launch of the Purpose Bitcoin ETF in Canada — which has accumulated 16,000 BTC worth roughly $940 million since launching in late February. 3/ The drop in $GTBC premium coincides with the launch of the Purpose #Bitcoin ETF – which could've drawn investment away from GBTC.The ETF has accumulated more than 16k BTC in over a month.

XRP lawsuit effect: Ex-SEC Chair talks about Bitcoin's (non)security status

Earlier today, investment banking company Morgan Stanley filed multiple institutional funds that may gain exposure to Bitcoin especially through shares of Grayscale's Bitcoin Trust or cash-settled fut The post XRP lawsuit effect: Ex-SEC Chair talks about Bitcoin's (non)security status appeared first on AMBCrypto.

New Zealand Fund Invests 5% in Bitcoin— CIO Says You ‘Can’t Really Discount Bitcoin’

A New Zealand hedge fund, NZ Funds Management, which had $350 million worth of assets under management at the end of December 2020, says five percent of its money is invested in bitcoin.

Some NFT Sales Could Be Illegal: SEC Commissioner Hester Peirce

“Crypto Mom” said investors should be careful not to create unregistered securities when buying and selling fractional shares in an NFT.

Full Aggregator OpenOcean Confirms Successful Private Placement & Advisory Shares

[Press Release – Road Town, BVI, 26th March, 2021] Full market exchange aggregator OpenOcean has announced a private placement of its shares has been made to a selected group of investors.

India's central bank claims govt. shares its 'major concerns' about cryptos

Indian government and regulators have been trying to take a firm position on the use and supply of cryptocurrencies in the country.

NYDIG cuts Bitcoin fee to 0.3% for investors as Morgan Stanley opens floodgates

Competition among institutional Bitcoin services continues to heat up as fees are slashed in time for a fresh herd of investors entering. Bitcoin (BTC) institutional investment firm NYDIG has staged an abrupt price cut for investors using it to gain exposure to BTC price action. In a press release on March 24, the company confirmed that effective immediately, its access fee had been reduced to 0.3%. Bitcoin buyers pick their premium The move comes just days after NYDIG's FS Select NYDIG Bitcoin Fund became one of three products selected by Morgan Stanley to be offered to its wealthy institutional clients. A potentially timely maneuver, the fee reduction may have consequences for competitors, notably the Grayscale Bitcoin Trust (GBTC), management fees for which currently cost clients 2%. "NYDIG's new pricing structure is 50-75% lower than comparable passive bitcoin access products available to investors and, critically, 0.30% represents the true total expense ratio of the fund, including a Big-4 audit and legal, custody, and accounting fees," the press release claims As Cointelegraph reported, competition from newcomers forms one explanation as to why GBTC's premium — how much extra clients pay for Bitcoin exposure on top of the net asset value price — has fallen into record negative territory this year. At one point, the premium offered a 15% discount to spot price for shares in GBTC.

Brian Armstrong’s Coinbase Shares Could be Worth $14 Billion After the IPO

Coinbase's CEO Brian Armstrong could join the likes of Elon Musk and Jeff Bezos as a tech decabillionaire following the company's public listing.

Bitcoin mining stocks have outperformed BTC by 455% over the past 12 months

While Bitcoin is up 900% in the last 12 months, shares in the four largest publicly-traded mining firms are up 5,000% over the same period. Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically outperformed BTC over the past 12 months. Appearing on CNBC, Fundstrat’s vice president of digital asset strategy, Leeor Shimron, shared his analysis into the market performance of the four-largest publicly-traded mining firms — Marathon Digital Holdings, Riot Blockchain, Hive Blockchain, and Hut 8, each of which represent a market cap of more than $1 billion. Over the past 12 months, Shimron found the average return for shares in the mining firms to have been 5,000%, while BTC has gained 900% over the same period.

Bytetree Founder Believes Grayscale Should Lower Its ‘Unrealistically High’ Fee: Warns of Possible ‘Systemic Risk’

The founder of Bytetree Asset Management, Charlie Morris, has suggested the reduction of the GBTC management fee as one way Grayscale Investment can ease the current selling pressure and possibly reduce the discount on the shares.

Coinbase registers more than 114 million Class A shares, ahead of direct listing

News of Coinbase going public had gripped the industry, even before the crypto exchange officially filed its S-1.

Coinbase registers 114.9 million shares ahead of direct Nasdaq listing

Coinbase listed the shares for resale in preparation for its initial public offering at the end of the month. Cryptocurrency exchange Coinbase has registered 114,850,769 shares of class A common stock for a direct listing on the Nasdaq stock exchange, as per an amended S-1 filing with the US Securities and Exchange Commission. Coinbase announced its intention to launch an initial public offering back in December 2020 when it first filed registration forms with the SEC.

Coinbase To Float Around 115 Million Shares in Nasdaq Listing

US crypto exchange Coinbase has registered 114.9 million shares for its direct listing on the Nasdaq.

Not Just MicroStrategy: The Story of a Small Pizza Business that Bought Bitcoin Worth $200K

In another bitcoin-pizza development, a pizzeria business owner shares the story of how he and his wife bought $200K worth of BTC last year and sit on 350% ROI.

Silk Road's Ross Ulbricht Shares Vision for Decentralized Social Media

The imprisoned founder of the Silk Road dark web marketplace has outlined a concept for a decentralized social media protocol.

Peter Schiff Claims Grayscale Will Sell BTC to Fund DCG’s Acquisition of GBTC Shares Rebuffed

Gold bug and bitcoin opponent, Peter Schiff has alleged that the Digital Currency Group (DCG)’s plan to acquire GBTC shares worth $250 million could be an indication that Grayscale Investment will be reducing the value of its AUM.

Dropping GBTC Premium: Anonymous Group Claims Blockfi Facing Solvency Issues Due to Exposure to the BTC Trust

An anonymous group has claimed that Blockfi, which has an estimated $1.8 billion in customer assets invested in Grayscale Investment’s GBTC, is facing potential insolvency issues associated with the negative premium on the GBTC shares.

SBI Holdings subsidiary continues XRP benefit program

SBI Holdings subsidiary Morningstar started its XRP shareholder benefits in 2019. Morningstar, a financial information services subsidiary of Japanese financial giant SBI Group, will continue its XRP shareholder benefits program. According to an official announcement Friday, Morningstar has approved year-end shareholder benefits in the form of XRP. The new dividend payout option comes as part of the company’s year-end reward program to thank its shareholders for their continued support in addition to interim shareholder benefits.

Major Israeli Investment House Invested $100 Million in the Grayscale Bitcoin Trust Fund in December 2020

One of the biggest asset managers in Israel allocated millions of dollars into the shares of Grayscale’s Bitcoin Trust (GBTC).

Digital Currency Group to buy GBTC shares

Parent company of Grayscale Investments, Digital Currency Group (DCG) today announced its plans to purchase shares of Grayscale Bitcoin Trust for up to $250 million worth of shares of GBTC. DCG int The post Digital Currency Group to buy GBTC shares appeared first on AMBCrypto.

Grayscale's Parent Set to Buy GBTC Shares, BlockFi Attacked + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investments news Digital Currency Group, the parent company of digital currency asset manager Grayscale Investments, has announced its plan to purchase up to USD 250m worth of shares of Grayscale Bitcoin Trust.

Grayscale parent Digital Currency Group plans to buy $250M of its own GBTC shares

In a further sign of a shake-up in the institutional market, DCG is eyeing the purchase along with hiring ETF specialists. Cryptocurrency asset manager Grayscale has a new buyer of shares in its Grayscale Bitcoin Trust (GBTC) — its owner. In a press release on March 10, Grayscale parent company Digital Currency Group (DCG) announced plans to purchase up to $250 million of GBTC shares. GBTC to buy "up to $250 million" in shares The move, which comes amid volatile conditions for GBTC, follows plans to hire specialists in the exchange-traded fund (ETF) sphere, signaling a potential diversification by the company. According to the press release, DCG "has authorized the purchase by DCG of up to $250 million worth of shares of Grayscale Bitcoin Trust." "DCG plans to use cash on hand to fund the purchases and will make the purchases on the open market," it adds. DCG did not specifically state the reasoning behind the buyback. Canada ETFs put the cat among the pigeons As Cointelegraph reported, GBTC traded at its steepest-ever discount last week, with investors able to get exposure to Bitcoin at 13% below market value. GBTC premium vs.

Grayscale Parent DCG Buying $250 Million Worth of GBTC

Crypto investment firm Digital Currency Group is buying up to $250 million of shares in Grayscale's Bitcoin Trust.

What is key to stirring a Litecoin comeback on the charts?

In a recent article about Litecoin's high Grayscale premium, we revealed that in spite of the high price above the NAV value on Grayscale, LTCN shares remain an undermining investment stock in terms o The post What is key to stirring a Litecoin comeback on the charts? appeared first on AMBCrypto.

Coinbase Reportedly Valued at USD 90B in a Private Auction

Source: Instagram, Coinbase US-headquartered major crypto exchange Coinbase is said to be valued at USD 90bn in a private auction. The company shares traded at some USD 90bn value last week, based on USD 350 a share, which is the price the stock was trading at the auction last Thursday on the Nasdaq Private Market, a division of Nasdaq focused on trading shares in companies before they go public,

Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures

The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering. South Korean cryptocurrency exchange Bithumb is toughening its approach to Anti-Money Laundering enforcement with a series of new measures that include trading restrictions, stronger Know Your Customer checks, and specialized blockchain intelligence solutions. The popular exchange, which has an estimated average of 1 million daily users and a daily transaction volume worth 5–7 billion ($4.4–6.2 million), had a troubled 2020 beset by police investigations over allegations of fraud.   After a series of reported negotiations with various firms for a potential acquisition, major gaming conglomerate Nexon denied it was planning to acquire Bithumb earlier this year. The Korean Herald today cites fresh rumors that JPMorgan and CME Group may now be considering a purchase of majority shares in the exchange. A local commentator cited by the Herald suggests that Bithumb's chairman, Lee Jeong-hoon, may be biding time until the exchange's corporate value “reaches 1 trillion won at least” — a figure similar to the reported value of another top Korean platform, Upbit. Bithumb's new, toughened Anti-Money Laundering regime includes placing restrictions on accounts registered in countries that are on the Financial Action Task Force's “increased monitoring” list for failing to implement measures to combat financial crime, as well as those labeled “high-risk jurisdictions.” Countries on the former list include Myanmar, Barbados, Iceland and 15 others, with the latter list limited to two: Iran and the Democratic People's Republic of Korea.

Coinbase is Valued at $100 Billion Before Direct Listing on the Nasdaq

Just before its direct listing on the Nasdaq, traders were echanging Coinbase shares at almost $375, which could raise its valuation to $100 Billion.

Meitu CEO Hints More Asian Firms May Buy Bitcoin, Ethereum, As Shares Rally

Shares in the Hong Kong-based app maker Meitu surged as markets opened in Asia by over 14%, before correcting slightly, after news that the company had made a USD 40m investment in bitcoin (BTC) and ethereuem (ETH) – a first known investment for major companies in the region. Per market data, the Hong Kong Stock Exchange-listed firm opened trading high, and peaked at

Critics Claim Tesla Should Sell Bitcoin Position, Electric Vehicle Firm’s Shares Down 30% Since Buying

Ever since Tesla announced the company held $1.5 billion in bitcoin on its balance sheet during the first week of February, the company’s stocks have dropped over 30%.

Grayscale Bitcoin Trust Trades at Record Discount

Grayscale Bitcoin Trust shares are currently trading cheaper than the Bitcoin they represent, signaling demand has gone elsewhere.

Record GBTC discount may spark $100K Bitcoin price rise — analyst

History repeating itself have the potential to spark a 2-4X BTC price run, data covering the GBTC premium suggests. Bitcoin (BTC) could be in for a $100,000 bull run next if a classic signal from institutions repeats its historical trend. In a tweet on March 4, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that those seeking clues about what lies next for Bitcoin should look at the Grayscale Bitcoin Trust (GBTC). Negative premium "could signal march to $100,000" As Bitcoin fell to $43,000 and continued to linger below all-time highs thereafter, the so-called “premium” on GBTC flipped negative. This means that GBTC shares are trading below their so-called net asset price (NAV) — institutional buyers are able to buy at a discount.

Tesla Stock is Down 28% Since Buying Bitcoin

Tesla's shares have been falling since the company purchase BTC.

Analyst tells Tesla to dump Bitcoin for buybacks as shares plunge alongside MSTR's

Goldman Sachs' Gary Black closed his TSLA position after the company purchased $1.5B in BTC, dodging a 28% crash.

Bitcoin Affect? Billionaire Fund Manager Sells 1.8M Tesla Shares for Clients

Less than a month after US carmaker Tesla revealed its $1.5bn Bitcoin holdings, one of the company’s most vocal bullish investors announced that he had sold 1.8 million of its shares for clients.

Canadian firm planning to convert its Bitcoin trust to an ETF

The Toronto-based investment firm will put the matter to a vote in April. Less than two months after launching trading for shares of its Bitcoin trust, Canada-based investment manager Ninepoint Partners is planning to change its offering to an exchange-traded fund. In an announcement on March 3, Ninepoint said it would be holding a vote for unitholders to decide on whether to convert its existing Bitcoin (BTC) trust to an exchange-traded fund, or ETF, on the Toronto Stock Exchange.

Litecoin is trading at a 1,800% premium via Grayscale's LTC trust — But why?

Investors looking to gain LTC exposure using traditional equities are willing to pay a premium of more than 1,800% to buy it via Grayscale Litecoin Trust. Shares in Grayscale Investments' Grayscale Litecoin Trust, or LTCN, have been trading at a whopping 1,800% premium over the market rate of their underlying asset, Litecoin (LTC). $319 per Litecoin?  This difference is primarily due to retail investors' inability to purchase shares directly from Grayscale Investments, whose funds are aimed exclusively at accredited investors. LTC holdings per LTCN share (orange) and premium (blue).

CBOE Seeks SEC Approval to List First Bitcoin Exchange-Traded Product in US

Equities market operator, CBOE global markets, has submitted a filing proposal to the SEC to list and trade shares of VanEck’s Bitcoin Exchange Traded Fund (ETF).

Cboe Applies to List First Bitcoin ETF in US

The equities market operator has filed a proposal with the SEC to list and trade shares in the proposed VanEck Bitcoin Trust.

Max Keiser Says Bitcoin Could Rise 300x, Top Crypto Targeting US Dollar Dominance

Crypto evangelist Max Keiser says Bitcoin (BTC) could increase 300x as it sets its sights on the dominance of the US dollar.  On a new episode of RT’s Keiser Report, the Bitcoin bull shares a Morgan Stanley report with his 4.17 million YouTube subscribers that says the flagship cryptocurrency will remain an asset class and […] The post Max Keiser Says Bitcoin Could Rise 300x, Top Crypto Targeting US Dollar Dominance appeared first on The Daily Hodl.

3 Reasons Why WallStreetBets Army Is Back For New Gamestop Rally

Larisa Yarovaya, Deputy Head of the Centre for Digital Finance, Lecturer in Finance, University of Southampton. ____ GameStop shares have gone soaring again.

Coinbase Stock Price Continues to Rise Ahead of Public Listing

Since Coinbase posted its S-1 regulatory filing Thursday, pre-listing shares on FTX are going up in price.

Now Grayscale Ethereum Trust Is Trading at a Discount, Too

Shares in Grayscale Bitcoin Trust and now Grayscale Ethereum Trust are both trading below the value of the actual crypto assets.

China’s Bitcoin Mining Rig Manufacturers Pressed by Demand, Advance Orders, Devices Sold Out

A regional report from China indicates that bitcoin mining rig manufacturers have seen a massive surge in demand since the price of the leading crypto asset skyrocketed.

Coinbase sent SEC filing to Satoshi in a symbolic gesture

However, the exchange also claimed the identification of the Bitcoin creator could cause the crypto market to deteriorate. United States-based cryptocurrency exchange Coinbase named Bitcoin creator Satoshi Nakamoto in its recent filing with the Securities and Exchange Commission for a direct listing on the stock market. According to the SEC filing, Coinbase sent copies of its S-1 registration statement — which, if approved, would bring the company closer to having its shares traded on US stock exchanges — to legal team members at Coinbase Global and California law firm Fenwick & West. In

Bitcoin Tops $51,000 As Coinbase Releases S-1

Both Bitcoin and Coinbase pre-IPO shares on FTX are on the rise after the crypto exchange revealed its S-1 filing.

Coinbase public listing filing details 2020 revenue, major a16z stake

The company has benefited a lot from the 2020 market, but had lost money in 2019. As Coinbase plans to pursue a direct listing on the stock market, which would see its existing shares be traded on American stock exchanges, the exchange has submitted an S-1 report with the SEC, which details all the relevant data that would help investors conduct due diligence on the company. The document represents the first time that Coinbase publicly revealed sensitive details like revenue or ownership structure.

Grayscale’s Bitcoin Trust Is Trading at a Discount. Should Investors Worry?

Shares in Grayscale's Bitcoin Trust are selling below the cost of the underlying Bitcoin for the first time in five years.

Tesla Shares Plummet as Bitcoin Sinks to $50,000

Tesla’s shares have plummeted by around 3.8%, following a massive sell-off wave that overtook tech stocks and the cryptocurrency market.

Long Blockchain, Icon of the 2017 Crypto Frenzy, Gets Stock Delisted by SEC

A would-be blockchain investment company which previously sold lemonade just had its shares delisted by the SEC over alleged foul play.

Bill Gates Shares His Thoughts on Bitcoin and Digital Currencies

Taking a neutral stance on bitcoin, Bill Gates said that the financial world will eventually transition into a digital form of payment methods.

Another Chinese Giant Enters Bitcoin and Ethereum Mining

Bitcoin mining rigs. Another Chinese non-crypto firm has moved into bitcoin (BTC) mining – with the shipping behemoth Sino Global set to snap up a controlling stake in computing company Nine-Chain Intelligent in a deal worth around USD 8.5m. Per a press release, Sino Global announced that it had signed a Letter of Intent that would see it acquire 51% of the shares in

Mining Machine Maker Canaan Rises 20% as Bitcoin Reaches a New All-Time High

Canaan shares have gained 230% so far in February.

Lottery Giant 500.com Buys Bitcoin Miner BTC.com From Jihan Wu

Jihan Wu. Source: a video screenshot, Youtube, Bitcoin.com - Official Channel Listed Chinese online sports lottery service provider 500.com said it agreed to acquire the BTC.com Bitcoin (BTC) mining bussiness from Bitmain co-founder Jihan Wu. 500.com is buying the business in exchange for its newly issued class A shares, or around a 10% stake in this lottery provider with a market capitalization

Reddit, Robinhood, Citadel CEOs to Testify at GameStop Hearing

The US House Committee on Financial Services hearing will investigate issues around the recent trading surge for shares of GameStop and other companies.

ARK Invest Boosted Its GBTC Holdings by 2.14M Shares in Q4

Cathie Wood's asset manager significantly boosted its stake in the Grayscale Bitcoin Investment Trust.

BlockFi Boosted Grayscale Bitcoin Trust Holdings by 11.9M Shares, Now Holds $1.7B GBTC

The disclosure comes as BlockFi prepares to launch a competitor bitcoin trust product.

Synthetix votes to introduce asset providing on-chain exposure to Tesla Shares

Synthetix’s latest governance proposal has passed successfully, with the same approving the creation of sTSLA – a synthetic asset that will provide on-chain exposure to Tesla’s shares.

Blue Ridge Bank Shares Halted by NYSE After Bitcoin ATM Announcement

The stock jumped by more than 13% after news that Blue Ridge would let customers buy bitcoin through its ATMs.

Bitcoin Miner Bitfarms to Raise $31M in Sale of Shares to Institutional Investors

The additional funding will go towards the acquisition of more miners, expanding infrastructure and boosting working capital.

Time to shine? Crypto should be given a chance after GameStop drama

The GameStop pump may lead a number of amateur investors to finally learn about DeFi and the advantages it puts forth. What happened to GameStop’s stock at the end of January will be remembered by investors for years to come, as it was probably the first time in the history of the “free market” that a group of self-described internet “degenerates” outsmarted a bunch of Wall Street pros at their own game. As a recap, on Jan 27, when the Dow Jones Industrial Average fell sharply by over 2% — in large part due to the United States Federal Reserve announcing its move to maintain interest rates around the zero percent mark — shares of video game retailer GameStop (GME) and movie theater chain AMC Entertainment (AMC) proceeded to rise by 130% and 300%, respectively, taking their market capitalizations to $24 billion and $6.74 billion. This unprecedented surge was facilitated by a group of independent small-time traders operating out of a Reddit subreddit called r/Wallstreetbets.

Wallstreetbets vs. Wall Street: A prelude to DeFi bursting onto the scene?

Was stock trading app Robinhood the villain in the GameStop saga? “In a decentralized trading market, no one would have that power.” Was last week’s Reddit versus Wall Street stand-off really the “beginning of the end for centralized finance,” as Gemini founder Tyler Winklevoss described it? Or was it just a one-time instance of individuals coming together to right a perceived wrong — with no long-term economic consequences? As GameStop, a struggling videogame retailer, came under attack by hedge-fund short sellers, a coalition of individuals spearheaded by r/Wallstreetbets, a Reddit forum, jumped in to save GameStop by buying its shares, driving its stock price from $20 to as high as $483 — and doing some real damage to short traders in the bargain. But then Robinhood, the insurgents’ trading platform of choice, suspended purchases of GameStop’s GME stock and seven other stocks.

Monero, Ethereum Classic, VeChain Price Analysis: 04 February

Thanks to the correlation it shares with Bitcoin and Ethereum, most of the altcoin market surged on the charts this week.

Sino-Global Shares Soar as Shipping Firm Expands Into Bitcoin Mining

Sino-Global announced a new COO and CTO as it plans to start mining.

Hanwha to acquire $52M stake in crypto exchange Upbit’s parent company

Hanwha Investment and Securities reached an agreement to buy 2.06 million shares from Upbit operator Dumanu. South Korean conglomerate Hanwha Group is reportedly acquiring a stake in the parent company of major local cryptocurrency exchange Upbit. Hanwha Investment and Securities, the securities brokerage arm of Hanwha Group, has reached an agreement to buy a 6.15% stake in Upbit’ operator Dumanu for 58.3 billion won ($52.24 million), The Korea Herald reported on Feb.