Too early to say Ethereum L2s are ‘cannibalistic’ to revenue: Sygnum Bank

Since 2013 the Grayscale Bitcoin Trust Fund (GBTC) has offered its investors exposure to Bitcoin (BTC) through a publicly quoted private instrument. However, the trust's convertibility and liquidity vastly differ from an Exchange Traded Fund (ETF).Trusts are structured as companies, at least in regulatory form, and are 'closed-end funds' which can initially only be sold…

The United Arab Emirates has adopted a favorable approach towards crypto. Now, its postal operator is issuing NFTs to commemorate National Day. 437 Total views 17 Total shares The United Arab Emirates’ postal operator is issuing nonfungible token (NFT) stamps to commemorate the federation’s 50th National Day, offering further evidence that digital collectibles are gaining…

Institutional traders have locked $56 billion into Bitcoin investment products after inflows totaled $97.5 million last week. 3346 Total views 7 Total shares Institutional traders have locked a record sum of capital into Bitcoin investment products despite trade volume declining during the second half of 2021.According to CoinShares’ Nov. 15 “Digital Asset Fund Flows Weekly”…

The U.S. Securities and Exchange Commission has not been kind to crypto in the past year. In March 2020, in the SEC v. Telegram case, the Commission won a worldwide injunction against the proposed issuance of Grams by Telegram, undoing years of innovative work even in the absence of any allegations of fraud. Then, on…

The Society for Worldwide Interbank Financial Telecommunications (SWIFT) announced a successful trial of instant cross-border transfers in Asia in a press release published on July 18.Fast or FAST enough?Per the release, the trial performed instant payments between 17 banks located in Australia, China, Canada, Luxembourg, The Netherlands, Singapore, and Thailand, taking up to 25 seconds,…

No one seems very interested in Bitcoin despite BTC/USD being barely 15% from all-time highs. 1088 Total views 21 Total shares Bitcoin (BTC) saw a widely-anticipated pullback on Oct. 13 as bulls struggled with February's old all-time highs.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysts unfazed by BTC price pullbackData from Cointelegraph Markets Pro and TradingView showed…

Weekly-realized losses peaked at $20.5 billion when Terra Luna (LUNC) imploded and reached $33 billion when 3AC and Celsius collapsed, according to Chainalysis. 1472 Total views 35 Total shares Own this piece of crypto history Collect this article as NFTBlockchain analytics firm Chainalysis has attempted to put the FTX collapse into perspective — comparing peak…

The company's holdings are valued at roughly $5.9 billion, representing more than $2.1 billion in gains since its initial purchase in August 2020. 1511 Total views 30 Total shares Business intelligence firm MicroStrategy has added $94 million worth of Bitcoin (BTC) to its holdings after purchasing the crypto asset at an average price of $49,229.According to…

Hacker group “Lazarus,” reportedly funded by North Korea, has stolen a staggering $571 million in cryptocurrencies since early 2017, a study conducted by cybercrime company Group-IB reveals. Key takeaways from the study were published Tuesday, Oct. 16, alongside the full annual report, entitled “Hi-Tech Crime Trends.”The report, dedicated to hacks in 2017 and 2018, identifies…