Crypto News

REX Shares has launched a first-of-its-kind convertible-bonds exchange-traded fund (ETF), allowing investors exposure to the convertible debt issued by corporates to add bitcoin to their balance sheet.Called the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), the fund is necessarily mostly made up of convertible paper issued by Michael Saylor's Strategy (MSTR), by far the largest issuer of such debt. Other top 10 holdings include the convertible notes of bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT).“Until now, these bonds have been difficult for individual investors to reach,” said Greg King, CEO of Rex Financial, in a statement. “BMAX removes those barriers, making it easier to invest in the strategy pioneered by Michael Saylor — leveraging corporate debt to...

Crypto borrow and lend platform Euler Finance just clawed its way back from the DeFi wilderness.The protocol this week notched new all-time highs in total value locked (TVL) and total borrows – two pivotal metrics of activity for a DeFi lender. Euler's hundreds of millions of crypto-dollars now under management might leave it well short of the Ethereum world's lending powerhouses, like the multibillion dollar Aave. But it's nonetheless notable for a protocol that nearly went kaput following a $200 million hack exactly two years ago."A lot of people wrote us off and said it would have been totally normal for us to end the project right there," said Michael Bentley, CEO of Euler Labs. But his team decided to...

The latest Bitso Crypto Landscape in Latam report indicates that the region is still fertile ground for cryptocurrency markets. The stablecoin market grew, accounting for almost 40% of all purchases, while bitcoin purchases diminished to 22%. Bitso Report Shows Stablecoins Remain Strong in Latam Bitso, one of the largest cryptocurrency exchanges operating in Latin America,Source link

Russia has turned to cryptocurrencies to facilitate oil trade with China and India, effectively bypassing Western sanctions in its $192 billion oil trade, Reuters reported, citing sources familiar with the matter.The country has been slowly moving deeper into the cryptocurrency space. Just this week, the Bank of Russia submitted proposals to create an experimental legal regime (ELR) lasting three years, allowing a “limited group of Russian investors” to trade cryptocurrencies.Some Russian oil firms use bitcoin, ether, and stablecoins such as Tether (USDT) to convert payments made in Chinese yuan and Indian rupees into roubles, the Reuters report said. These transactions currently represent a fraction of Russia’s oil trade.Other sanctioned countries, including Iran and Venezuela, have used crypto to maintain trade...

In the latest episode of the podcast, we explore what sets B2COPY apart from other copy trading platforms, the decision to make it cloud-based, and the level of customization available. Sergey Ryzhavin is Head of B2COPY, B2BROKER’s innovative investment platform combining copy trading, PAMM, and MAM features. He recently joined the Bitcoin.com News Podcast toSource link