Bitcoin exchange-traded funds (ETFs) experienced a robust inflow of $386 million, coinciding with BTC’s breakout above the $105,000 resistance and closing near $110,263. Positive funding rates and increased demand for BTC call options underscore a bullish sentiment across both spot and derivatives markets. Fidelity’s FBTC fund emerged as the leading ETF inflow driver, reflecting renewed … Read more
Saylor dismissed quantum computers as a long-term and not an immediate risk He claimed the Bitcoin network will be upgraded to a quantum-resistant protocol if the risk becomes imminent Most experts have decried the grave risk of superfast quantum computers to Bitcoin’s [BTC] underlying security. However, Strategy’s (formerly MicroStrategy) founder, Michael Saylor, has dismissed these … Read more
Ripple Labs is set to commit an additional $5 million to help fund academic research and foster blockchain talent in the Asia-Pacific region. In a blog post on Tuesday, Ripple Labs said it will be committing the additional funding via its University Blockchain Research Initiative (UBRI), which will fund universities across six countries, with new … Read more
Société Générale-Forge, the crypto subsidiary of French financial services company Société Générale, has launched a new US dollar-pegged stablecoin. According to a June 10 announcement, the stablecoin, dubbed USD CoinVertible (USDCV), will be issued on the Ethereum and Solana blockchains. United Kingdom-based financial services firm BNY will act as the custodian for the assets backing … Read more
The Smarter Web Company, a publicly traded technology enterprise on the London AQUIS exchange (ticker: SWC), has strategically expanded its cryptocurrency holdings by acquiring an additional 45.32 Bitcoins. This acquisition, valued at £3.509 million, was executed at an average price near £77,400 per Bitcoin, equivalent to roughly $105,000. This move aligns with the company’s long-term … Read more
Belgravia Hartford Capital, a Canadian Securities Exchange-listed investment issuer, has announced its first bitcoin purchase as part of a new treasury strategy. CEO Praises Bitcoin Purchase Timing On June 9, Belgravia Hartford Capital, the Canadian Securities Exchange listed investment issuer, announced the completion of its initial bitcoin ( BTC) purchase as part of its new … Read more
Belgravia Hartford Capital, a Canadian Securities Exchange-listed investment issuer, has announced its first bitcoin purchase as part of a new treasury strategy. CEO Praises Bitcoin Purchase Timing On June 9, Belgravia Hartford Capital, the Canadian Securities Exchange listed investment issuer, announced the completion of its initial bitcoin ( BTC) purchase as part of its new … Read more
The crypto community has taken a keen interest in artificial intelligence of late, including discussing its potential to replace humans in jobs, according to the onchain analytics platform Santiment. Santiment’s Alpha Narratives dashboard found on various social media channels like X, between May 29 and June 5, users were discussing various aspects of AI, including … Read more
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South Korea’s newly elected president Lee Jae-myung is fast-tracking his campaign promise to allow the issuance of domestic stablecoins, as his party has moved forward with a crypto bill. Lee’s ruling Democratic Party proposed the Digital Asset Basic Act on Tuesday, aimed at improving transparency and encouraging crypto sector competition, Bloomberg reported. The bill stipulates … Read more