Crypto News
Robinhood Seeks Expansion into Singapore’s Crypto Market by Late 2025
The trading platform plans to launch cryptocurrency services in Singapore by late 2025, leveraging Bitstamp's licenses.Source link
Bitcoin-Focused Metaplanet to Spit Stock 10:1 After 3,900% Price Surge
Following a rocketing higher in its stock price since beginning to add bitcoin to its balance sheet less than a year ago. Metaplanet has announced a 10-to-1 stock split set to take effect on April 1.The Tokyo-based firm first started buying bitcoin in April 2024 and since has accumulated 2,031 tokens worth nearly $200 million. The purchases were the driving factor in Metaplanet being the best-performing Japanese equity over the past 12 months with a gain of 3,900%.That price rise has created a “substantial financial burden for investors,” the company said in a press release announcing the split.“To address this, we have decided to conduct a stock split to lower the price per trading unit, thereby improving liquidity, expanding our...
Bitcoin ETFs Rebound With $66.19 Million Inflow, Ether ETFs Attract $11.65 Million
Both bitcoin and ether ETFs started the week positively, with net inflows of $66.19 million and $11.65 million, respectively. Fidelity’s FBTC led bitcoin ETF inflows, while Fidelity’s FETH was the primary contributor to ether ETF inflows. Bitcoin and Ether ETFs Kick Off Week With Positive Inflows After a challenging period of outflows, crypto exchange-traded fundsSource link
U.S.-Listed Bitcoin Miners Accounted for 29% of Global Hashrate in February: JPMorgan
The total hashrate of the U.S.-listed bitcoin (BTC) miners tracked by JPMorgan (JPM) has almost doubled from a year ago and now accounts for about 29% of the global network, the bank said in a report on Tuesday.The combined hashrate of the 14 companies "has increased ~95% y/y to 244 EH/s, versus a 45% increase in the network hashrate," analysts Reginald Smith and Charles Pearce wrote.The network hashrate is a proxy for competition in the industry and mining difficulty. The Bitcoin network hashrate has risen about 6% so far this month, and has climbed 45% in the last 12 months, the report said."Average bitcoin price also declined modestly from January, pressuring mining economics," the authors wrote.The hashprice, a measure of...
Crypto Daybook Americas: LIBRA Fallout Weighs on Crypto Markets While FTX Repayments Are Set to Start
By Francisco Rodrigues (All times ET unless indicated otherwise)While bitcoin (BTC) is little changed over the past 24 hours, down just 0.7%, the broader market is in a bearish mood following the Libra token debacle, which has led to accusations of fraud and calls for the impeachment of Argentina's President Javier Milei.The CoinDesk 20 Index is down around 2.3% over the past day, and the near- to medium-term market movement probably hinges on how the U.S.-Russia negotiations in Riyadh go. The talks are focusing not only on ending the conflict in Ukraine, but also on “normalization” of ties between the countries.An additional layer of uncertainty comes from FTX Digital Markets, the Bahamas-based subsidiary of FTX, which starts repaying creditors today....