Coinsquare acquires publicly traded crypto exchange CoinSmart

Canada’s crypto exchange landscape appears to be consolidating after Coinsquare, one of the largest digital asset trading platforms in the country, acquired CoinSmart for an undisclosed amount.  On Thursday, Coinsquare announced that it had entered into a definitive agreement to purchase all issued and outstanding shares of CoinSmart’s wholly-owned subsidiary Simply Digital. Once the deal becomes final, CoinSmart will hold a roughly 12% ownership stake in Coinsquare on a pro-forma basis. Shares of the CoinSmart crypto exchange, which trade on the NEO Exchange, were up 67% on Friday, largely in…

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Argo Blockchain among most traded stocks by Fidelity customers

Financial services company Fidelity Investments’ U.K. arm reported that over the last 12 months, customers were most interested in trading shares of crypto mining firm Argo Blockchain.  In a Thursday report, Fidelity said Argo Blockchain ranked third among the top five stocks most actively traded by its customers in 2021 — the others were Rolls-Royce, British Airways owner International Consolidated Airlines, oil giant BP and Lloyds Banking Group. Argo, which Fidelity described as a “trending” stock, also ranked third among stocks traded by Self-Invested Personal Pension, or SIPP, investors. However,…

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Publicly traded First Foundation invests in NYDIG as belief in digital assets grows

First Foundation Inc, a publicly traded financial services provider, has made a strategic investment into New York Digital Investment Group as part of a broader effort to provide clients with secure access to Bitcoin (BTC) investment products. “We believe digital assets are an important part of the future landscape of financial services and we are pleased to be a part of its evolution as we seek to serve the growing needs of our clients,” said First Foundation CEO Scott Kavanaugh. Regarding his firm’s investment in NYDIG, Kavanaugh explained: “NYDIG is…

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Argo Blockchain CEO becomes first publicly traded company exec paid in Bitcoin

On Wednesday, British cryptocurrency mining company Argo Blockchain revealed that CEO Peter Wall is now the first executive of a publicly traded company to take their entire salary in Bitcoin (BTC). In a February operational update, the company — which trades on the London Stock Exchange under the ticker ARB — said that as of Monday, Wall began taking his salary in the cryptocurrency and that “Any other Argo team members may choose to be paid in Bitcoin for part of or all of their salaries.” In an interview with…

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Alleged ‘ghost’ Bitcoin mining firm traded on Nasdaq faces class action lawsuit

Bit Digital (BTBT), a Bitcoin mining company traded on the NASDAQ stock exchange, is the subject of a class-action lawsuit that alleges the company fabricated the extent of its Bitcoin (BTC) mining operations. According to the lawsuit which was filed in the Southern District New York court on Jan. 20 by plaintiff Anthony Pauwels, Bit Digital misled investors and made materially false claims about the extent of their Bitcoin mining business, causing significant financial harm for investors. Specifically, the plaintiffs reference an investigative report by J Capital Research which claims…

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Most Bitcoin Is Now Traded During These Hours

Bitcoin (BTC) traders are changing their habits in 2020 — but volatility is still dominated by the start of New York stock market trading. According to data currently circulating on social media, volatility for the largest cryptocurrency by market capitalization is highly correlated with the opening of United States markets. US stock markets spike BTC volatility By comparison, London and Asia stock market opens have considerably less of an impact on Bitcoin volatility.  “Can we just halt $BTC trading during Asia + Euro hours,” major trader Hsaka quipped, uploading the…

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Wilshire Phoenix Files With SEC for Publicly Traded Bitcoin-Backed Fund

Alternative investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC, for a publicly traded Bitcoin Fund in line with regulation. The registration reads: “The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without the uncertain and often complex requirements relating to acquiring or holding bitcoin.” Wilshire’s new Bitcoin Commodity Trust aims to have its shares available for public trading on OTC Markets Group, Inc.’s OTCQX Best Marketplace. Once issued, shares of the…

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Binance Hits $295M in Traded Volume for Newly-Launched Options Contract

Major crypto exchange Binance claims to have become the largest options venue in the cryptocurrency market, having hit $295 million in traded volume as of April 20. In an interview with Cointelegraph on April 23, the vice president of Binance Futures, Aaron Gong, said that the platform had overtaken its counterparts by daily traded volume on April 14 — just one day after its official launch. 
 Gong explained that the contract had been designed to tackle what Binance perceived to be the key drawbacks of existing crypto options products…

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United States CFTC Cements Parameters for Physical Delivery of Traded Crypto

The U.S. Commodity Futures Trading Commission, or CFTC, has publicized clarity on physical digital asset delivery as it applies to traded market products.  “The Commodity Futures Trading Commission today announced the Commission voted unanimously to approve final interpretive guidance concerning retail commodity transactions involving certain digital assets,” the Commission said in a statement provided to Cointelegraph, adding: “Specifically, the guidance clarifies the CFTC’s views regarding the ‘actual delivery’ exception to Section 2(c)(2)(D) of the Commodity Exchange Act (CEA) in the context of digital assets that serve as a medium of…

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LocalBitcoins Hits a 7-Year Low of Weekly Traded Bitcoins

Popular peer-to-peer (P2P) crypto trading exchange LocalBitcoins saw a major decline in Bitcoin (BTC) trading volumes amid apparent user uncertainty. According to data from Bitcoin (BTC) statistics website Coin Dance, global Bitcoin trading volumes on LocalBitcoins exchange have touched a seven-year low during the week ending on Feb. 22. BTC trading volumes drop from 13K bitcoins in February 2019 to about 3K in 2020 During the weekly period, LocalBitcoins traded just 3,144 bitcoins, or around $28 million at press time, which is the lowest weekly trading amount since May 2013.…

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