The global exchange-traded fund (ETF) provider WisdomTree filed an amended Form S-1 spot Bitcoin (BTC) ETF prospectus with the United States Securities and Exchange Commission (SEC) on Nov. 16. The update comes a few months after WisdomTree refiled its spot Bitcoin ETF application in June 2023, proposing a rule change to list and trade shares of the WisdomTree…
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Ferrari’s decision to allow U.S. residents to buy its cars in exchange for cryptocurrencies like Bitcoin (BTC) has become one of the biggest market wins in 2023, according to the CEO of the Bitcoin ATM operator CoinFlip. Ferrari has been aware of the growing demand from clients for alternative payment solutions and decided to support…
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The National Pension Service (NPS), a public pension in South Korea and one of the world’s largest pension funds, bought just over 280,000 shares of the global cryptocurrency exchange Coinbase in the third quarter of this year, an investment that has gained 39% in value since the purchase. The NPS acquired 282,673 Coinbase (COIN) shares…
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Justin Sun’s cryptocurrency exchange Poloniex is preparing to resume operations after suffering a major hack in mid-November, according to an official company announcement posted on Nov. 15 In the statement, the company said that the platform has “mostly completed” the restoration efforts after the $100 million hack. “The platform is now operating smoothly,” Poloniex said in its…
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Tether (USDT), the largest stablecoin by market value, has been breaking new records over the course of 2023, with its market capitalization adding at least $20 billion so far this year. According to data from the blockchain data provider Whale Alert, Tether has minted 22.75 billion USDT so far this year, with at least 4…
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BC Technology Group, the operator of Hong Kong’s publicly listed cryptocurrency exchange OSL, has announced a significant investment from industry firm BGX. BC Technology entered into a partnership with BGX, which agreed to subscribe for shares in BC Technology for an investment of about 710 million Hong Kong dollars ($90.1 million), the firms said in…
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Cryptocurrency trading platform Bitget has dropped plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market-related considerations. Bitget officially announced on Nov. 13 that its Hong Kong division, BitgetX, accessible by the domain BitgetX.hk, will cease operations by Dec. 13, 2023. As Bitget decided not to apply for…
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Bankrupt cryptocurrency lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund Three Arrows Capital (3AC). According to a court filing on Nov. 9, Genesis argued that the 3AC debtor should receive an allowed general unsecured claim against Genesis in the amount of $33 million. The amount…
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Cryptocurrency trading bot Wallet is debuting its global rollout on the Telegram messenger in several countries in Latin America and Africa. The Open Platform (TOP), the Dubai-headquartered investment platform affiliated with TOP Labs and Wallet, announced the global rollout of the Wallet crypto bot on Nov. 10. Wallet, a third-party Telegram bot allowing users to…
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Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week. Binance will stop accepting deposits in Russian rubles (RUB) starting Nov. 15, 2023, the firm officially announced on Friday. Binance also advised users to withdraw RUB from the platform as it expects to terminate RUB…
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