Author: instant-news
James Seyffart took to X to share that there’s definitely some movement on Bitcoin ETF options. “CBOE just withdrew their application for options on spot Bitcoin ETFs. Which sounds like a bad thing at first… But at the same time they just re-filed a brand new and updated application”, he noted. Three Exchanges Withdraw Their Application, But Does It Matter? However, in a follow up post he noted that three exchanges, BOX Exchange, MIAX Pearl and Miami International Securities Exchange, withdrew their applications to list spot Bitcoin ETF since he tweeted that. The exchange filings that matter in his opinion are the…
The International Monetary Fund (IMF), on Tuesday, said that it is making progress toward reaching a consensus with El Salvador, advocating ways to mitigate Bitcoin (BTC) risks. According to an official statement, IMF’s discussions with the Salvadoran authorities include policies to strengthen the nation’s fiscal outlook. The policies would be supported by an IMF program, the statement read. “Progress has been made in the negotiations toward a Fund-supported program, focused on policies to strengthen public finances, boost bank reserve buffers, improve governance and transparency, and mitigate the risks from Bitcoin.” Both the parties have reached “preliminary understandings” on improving El Salvador’s primary balance by…
Canada-based crypto trading platforms (CTPs) are facing tight regulatory deadline from the Canadian Investment Regulatory Organization (CIRO). The crypto operators are required to comply with the deadline to complete their applications to receive an investment dealer status. The Canadian Securities Administrators (CSA) has “reminded” CTPs to adhere to CIRO membership requirements, ensuring regulatory alignment and customer protection. In 2021, the CSA and CIRO detailed that CTPs were allowed to operate as restricted dealers for temporary period. During the period, they would offer services, while seeking for fully authorized CIRO membership. However, as the transitional period comes to an end, the regulators in…
Semler Scientific, a Nasdaq-listed healthcare technology company based in California, continues to accumulate Bitcoin (BTC). According to the company’s press release from August 5, the firm purchased additional 101 BTC for approximately $6 million. This latest acquisition brings the company’s total Bitcoin holdings to 929, valued at over $53 million at the time of writing. Doug Murphy-Chutorian, Semler Scientific’s CEO, reported “strong income” from operations of $5.4 million in Q2 2024. He also stated that the firm will hold Bitcoin as a primary reserve asset. “We remain laser focused on acquiring and holding Bitcoin, while supporting and expanding our healthcare business.” Increasing Bitcoin Holdings…
10x Research CEO Markus Theilin cautioned traders, citing a “low $40,000s” Bitcoin as the best bull market entry for those buying the dip. Theilin argues that Bitcoin’s price needs to return to levels seen around the launch of spot Bitcoin ETFs for an optimal entry point. Bitcoin was last within this range on February 6th, trading at $42,577. He said: “To ideally time the next bull market entry, we aim for Bitcoin prices to fall into the low 40,000s.” This outlook is concurrent with that expressed by other analysts. Notably, in an X post Cane Island Alternative Advisors founder Timothy Peterson cited “$40k and $80k equally…
Ark Invest CEO Cathie Wood revealed she would vote for former President Trump over President Biden in the November presidential election. Her decision is based on who she believes would be best for the country’s economy, she said. Wood disclosed her choice over the weekend during an interview with YouTuber Kevin Paffrath, when he asked her to choose between Trump and Biden. She said she had discussed the election with her children, telling them her vote would go to the candidate who best supports the US economy. “I am a voter when it comes to economics, and on that basis…
Bitcoin mining firm Hut 8 said it will receive $150 million through convertible notes from Coatue Management, with plans to use the funding to build an artificial intelligence infrastructure platform. The investment will be used to address a critical gap in the market: the surging demand for AI computing capacity. Many traditional data centre operators are increasingly unable to meet this demand due to a variety of challenges, including power shortages. There are also lengthy lead times to bring new capacity online, and the need for extensive upgrades to support the latest high-density computing technologies. Convertible Notes Are a Popular Financing Tool…
Genesis Digital Assets (GDA) is reportedly exploring an initial public offering in the US amid the crypto industry’s resurgence. Bloomberg reported Tuesday that the crypto miner, backed by Sam Bankman-Fried’s former hedge fund Alameda, is collaborating with advisors to evaluate the potential listing. The company reportedly intends to initiate a pre-IPO funding round in the upcoming weeks. Discussions are ongoing, and the specifics of the fundraising strategy may still change. A GDA spokesperson declined to comment on the potential IPO when contacted. Fueled by the recent crypto market recovery, several crypto companies are exploring going public through IPOs. However, their path isn’t…
The Conservatives were never expected to win the UK’s general election — with polls rightly predicting all along that Labour would return to power after 14 years. Nonetheless, it was a dramatic and significant night for British politics, with the Tories suffering their worst defeat ever and losing an eye-watering 250 seats. Source: UK Parliament Meanwhile, Sir Keir Starmer — the new prime minister — has secured a massive majority, winning 412 of the 650 seats that were up for grabs. Inevitably, the attention now turns to what this would mean for crypto in the world’s sixth-largest economy. In short, the answer is…
The United States Attorney for the Southern District of New York, has charges three UK-nationals, for their involvement wire fraud and money laundering, linked to the “Evolved Apes” non-fungible token (NFT) scam. Announced Thursday, the court charged Mohamed-Amin Atcha, Mohamed Rilaz Waleedh, And Daood Hassan, involved in a rugpull. They allegedly defrauded victims to purchase NFTs. “Evolved Apes” collection of NFTs on the OpenSea marketplace had 10,000 digital collectibles, which promised developing a highly-profitable videogame. However the creation of a videogame was a scam, which never made any profits. The perpetrators quickly shut down the project’s website and kept the funds without…