Leading investment firm VanEck has waived management fees on its Bitcoin ETF, HODL, for up to $1.5 billion in assets until March 2025 to make cryptocurrency investing more accessible. VanEck, a global investment manager known for its forward-thinking financial products, has taken strategic steps to attract investors to the fast-growing cryptocurrency market. As of March 12, 2024, VanEck has announced an attractive fee waiver for the VanEck Bitcoin Trust (HODL), a fund that provides exposure to the Bitcoin spot price. In a bold plan, VanEck will waive full sponsorship fees for the first $1.5 billion of assets under management within…
Author: Crypto Flexs
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London, UK, March 12, 2024, Chainwire All eyes were on the cryptocurrency market over the past few hours as Bitcoin surpassed $70,000. The world’s largest cryptocurrency fell slightly after reaching a record high of $72,377. Bitcoin’s rally has been fueled by huge demand from companies like MicroStrategy, which recently raised $800 million through convertible notes to buy more Bitcoin. While BTC is clearly a hot topic, a new project called Green Bitcoin (GBTC) is also generating buzz, having raised over $3.2 million in an ongoing presale. Green Bitcoin Raises $3.2 Million in Red-Hot Presale, Offers a “Green” Approach to Cryptocurrency…
Policy • March 12, 2024 1:25 PM EDT Posted 1 minute ago In ~ The operator of cryptocurrency mixer Bitcoin Fog was found guilty Tuesday of helping launder millions of dollars in a darknet marketplace known for selling illegal drugs. After two days of deliberations, a Washington federal court jury found Roman Sterlingloff, 35, guilty on all four charges on Tuesday, according to Bloomberg.Sterling Rope was the first. charged The government said hundreds of millions of dollars entered the Bitcoin fog, $78 million of which came from known darknet markets. Sterlingloff, who denies operating Bitcoin Fog, could face up to…
An Ethereum (ETH) layer 2 altcoin project is soaring after its sudden listing on Binance, the world’s largest cryptocurrency trading platform. After Binance announced spot trading support for ETH scaling solution Metis (METIS) on Monday, the token rose by double digits. Binance says: “Binance will list METIS and open trading for these spot trading pairs at 2024-03-11 12:00 (UTC). New spot trading pairs: METIS/BTC, METIS/USDT, METIS/FDUSD and METIS/TRY.” METIS aims to offer lower fees and faster transaction times than Ethereum, the leading smart contract platform. Launched in 2021, the MetisLab Foundation project uses optimistic rollup technology to record transaction data…
Solana (SUN) It seems to be gaining attention. institutional investorThis Solana fund is trading at a premium of 870% as follows: SOL’s Bullish Momentum. This investor interest in SOL tokens is not surprising as on-chain indicators suggest that SOL tokens are still undervalued and a parabolic rise could be imminent. Grayscale Solana Trust Trades at a Premium sugar data Grayscale Solana Trust (GSOL) is currently trading at $317 per share, according to the Grayscale website. a significant premium At the current price of SOL. On March 8, when GSOL was trading at $540, the premium rose to 870%. The fund’s…
Tortola, British Virgin Islands, March 12, 2024, Chainwire Nibiru Chain, a developer and user-centric layer 1 platform, has officially launched its public mainnet. Nibiru Chain stands out in that it provides a secure and efficient environment for building high-performance decentralized applications. It differentiates itself with a robust smart contract ecosystem that delivers exceptional throughput and unparalleled security, and is the platform for builders of games, real-world assets (RWA), NFTs, DeFi, and more. Empowering users with a rich ecosystem At launch, Nibiru Chain will offer extensive functionality to the community and potential builders. Users can participate in staking with NIBI validators…
“Users will be able to earn ETHFI tokens over four days by staking BNB and FDUSD into separate pools,” Binance said, with farming starting at 00:00 UTC on March 14. “Binance plans to list ETHFI on March 18th at 12:00 UTC.” Trading pairs available include ETHFI, Bitcoin (BTC), Stablecoin (USDT), and BNB TOKEN.
The HKMA announced the launch of the Stablecoin Issuer Sandbox, a step forward for fintech innovation in Hong Kong, in line with regulatory oversight. The Hong Kong Monetary Authority (HKMA) has officially unveiled its stablecoin issuer sandbox scheme, marking a significant step forward in the fast-growing fintech sector. Announced on March 12, 2024, this development is set to bring Hong Kong to the forefront of stablecoin innovation while ensuring a controlled environment for risk assessment and regulatory compliance. The new program is consistent with the HKMA’s ongoing consultation on legislative proposals aimed at establishing a comprehensive regulatory framework for stablecoin…
XRP’s value rose to $0.74, marking a significant rally and establishing itself as an outperformer in a broadly bullish cryptocurrency market. In this market rally, Bitcoin (BTC) and Ethereum (ETH) also showed slight gains of 2-4% over the past 24 hours. However, XRP dominated the market, leaping to price levels not seen since its all-time high in November. Why did XRP price soar? This latest Ripple XRP price action comes amid a broader market rally. The bull market has been fueled by optimism and speculation about potential exchange-traded funds (ETFs) and major cryptocurrency milestones such as the much-anticipated Bitcoin halving.…
In just two months since its introduction, the U.S. Cash Bitcoin Exchange Traded Fund has captured nearly 90% of the daily volume market share of ETFs providing price exposure to Bitcoin.The Bitcoin futures ETF, introduced in 2021, currently has a market share of just 10%.This marks an all-time high for daily trading volume market share for spot Bitcoin ETFs, according to The Block’s data dashboard. These figures highlight that investors prefer direct exposure to Bitcoin through ETFs rather than Bitcoin futures contract-based products. In fact, trading volume for spot Bitcoin ETFs has remained solid since its launch on January 11,…