[ad_1] The Securities and Exchange Commission has approved the launch of MSTX, the first leveraged single-stock ETF targeting MicroStrategy. The ETF will seek to deliver 175% of MicroStrategy’s stock’s daily return.JUST IN: 🇺🇸 SEC approves the first leverage long MicroStrategy ETF. pic.twitter.com/9NYrLh81sD— Bitcoin Magazine (@BitcoinMagazine) August 15, 2024 MSTX is issued by Defiance ETFs, which focuses on thematic and leveraged ETFs. According to Defiance CEO Sylvia Jablonski, the leveraged MicroStrategy ETF offers amplified exposure to Bitcoin since MicroStrategy is one of the largest corporate holders.As of Q2 2024, MicroStrategy held about 226,500 Bitcoin on its balance sheet. The company took…
Author: dfrancis36
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] A media release published earlier today by the Australian Securities and Investments Commission (ASIC) revealed that the country’s largest securities market operator, ASX Limited, is now facing legal challenges following the operator’s alleged misleading statements about its paused blockchain project. Initially set to revamp ASX’s antiquated shareholding and settlement management system, this blockchain project was abruptly halted in late 2022, sparking scrutiny and legal repercussions. The ASIC release read: ASIC has commenced proceedings in the Federal Court against Australia’s largest market operator, ASX Limited, for allegedly making misleading statements related to its Clearing House Electronic Subregister System (CHESS) replacement…
[ad_1] As Bitcoin has become more mainstream, more and more institutions are beginning to hedge their bets with the cryptocurrency. Over the last four years, institutions have grown their holdings exponentially, and the result of this is that these large institutions have become the more dominant holders of Bitcoin. So much so that at this time, the top Bitcoin wallets no longer include any private holders besides Bitcoin creator Satoshi Nakamoto. Top 10 Bitcoin Wallets Revealed In an X (formerly Twitter) post, crypto pundit Marty Party shared an interesting development when it comes to the Bitcoin holder base. In a…
[ad_1] Marathon Digital Holdings, the largest publicly listed Bitcoin (BTC) miner on Wall Street (NASDAQ: MARA), has successfully closed a $300 million offering of convertible senior notes and used a significant portion of the proceeds to purchase Bitcoin.Marathon Acquires $249 Million in BitcoinThe company issued 2.125% convertible senior notes due 2031 in a private offering to qualified institutional buyers. The net proceeds from the sale amounted to approximately $292.5 million after deducting initial purchasers’ discounts and commissions.MARA announced that it had acquired approximately 4,144 Bitcoin for $249 million between August 12 and August 14, 2024. The purchase was made at…
[ad_1] Arthur Hayes, the co-founder and former Chief Executive Officer (CEO) of BitMEX, a popular crypto exchange, has predicted when the altcoin season will begin. Based on Haye’s analysis, the start of the altcoin season will be contingent on the performance of Bitcoin (BTC) and Ethereum (ETH), two of the world’s top cryptocurrencies. When The Altcoin Season Will Kick Off In a blog post released on August 12, Hayes discussed the dynamics of the crypto market and the broader United States (US) financial landscape. While addressing a range of financial issues, Hayes focused on the key conditions that could trigger…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] Marathon Digital Holdings, one of the largest publicly traded Bitcoin miners, purchased $249 million more worth of Bitcoin. This latest acquisition expands Marathon’s corporate bitcoin treasury to over 25,000 BTC.JUST IN: 🇺🇸 Marathon Digital Holdings buys 4144 #Bitcoin worth $249 million. pic.twitter.com/PnMm9RLuev— Bitcoin Magazine (@BitcoinMagazine) August 14, 2024 On August 12th, Marathon announced a $250 million convertible note offering to raise funds for Bitcoin purchases. The notes were met with strong demand, allowing Marathon to upsize the deal to $300 million.The company then used $249 million of the proceeds to accumulate 4,144 additional Bitcoin at an average price of…
[ad_1] As the 2024 presidential election approaches, the idea of the United States government establishing a strategic Bitcoin reserve is gaining momentum. This potential policy shift has been championed by former President Donald Trump and pro-crypto Senator Cynthia Lummis, who see it as a novel way to help pay down the country’s $35 trillion national debt. The concept was recently explored in depth by Bitcoin-focused financial institution River in a detailed video analysis, arguing that accumulating Bitcoin as a strategic reserve could provide several key advantages for the US government. Bitcoin Reserve As Antidote To US Debt Crisis? Beginning with…
[ad_1] Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials In this video, Demetris Taxitaris, CEO of MAP S. Platis, discusses the significant impact of the upcoming MiCA regulation on the European crypto industry. He explains how MiCA will revolutionize the industry by transitioning crypto exchanges from an unregulated environment to a fully regulated one,…