BlackRock’s iShares Bitcoin Trust (IBIT) has taken the lead among Bitcoin funds globally, surpassing Grayscale’s Bitcoin Trust (GBTC). Bloomberg reports that IBIT’s assets have been growing rapidly due to increased investment, largely because of its lower fee structure at 0.25% per year. Consequently, the gap in asset size between the two trusts has narrowed to … Read more
Discussions about securing an additional €500 million in funding for the French AI start-up, Mistral, have begun with an investor. If this round is successful, Mistral’s valuation will be set at a minimum of €5 billion. This decision follows the approval of €400 million, raising doubts about Europe‘s assessment of the company’s worth. In addition … Read more
As the Bitcoin halving draws near, investors find themselves at a crossroads: should they purchase cryptocurrency shares now or hold off and buy at a later time? Matt Hougan, the Chief Investment Officer at Bitwise Asset Management, appeared on SquawkCNBC to talk about the potential effects of the upcoming bitcoin halving event this week. — … Read more
Three people, including a 42-year-old woman and two men aged 48 and 60, have been taken into custody by Hong Kong authorities for their suspected involvement in a money-laundering operation worth HK$1.8 billion. The alleged scheme centered around several shell companies and cryptocurrency platforms. Customs officers discovered unusual financial activity in bank accounts connected to … Read more
A cybersecurity company named Cyvers has announced a major hack on the decentralized finance platform Hedgey Finance, leading to substantial financial losses on both the Ethereum and Arbitrum blockchains. The attack, suspected to be orchestrated by ChangeNOW_io, targeted Hedgey’s Token Claim Contract, resulting in approximately $1.9 million in damages when converted to the stablecoin Dai … Read more