Two major banks, Bank of America’s Merrill and Wells Fargo & Co, are reportedly currently offering physical Bitcoin exchange-traded funds (ETFs) to their customers. Banks are known to be offering this product not only to wealth management customers who request it, but also to customers with brokerage accounts. Banks jump into Bitcoin ETF amid price surge With the price of Bitcoin reaching record highs, two banks are planning to start offering the product, according to a recent Bloomberg report. This comes after BeInCrypto reported that nine of the recently launched spot Bitcoin ETFs have hit all-time highs. At the time…
Author: Crypto Flexs
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The Bitcoin price appears to be on the verge of breaking its current all-time high (ATH) level. Cryptocurrencies have received a strong boost from the launch of spot Bitcoin exchange-traded funds (ETFs), which have officially registered institutions in the nascent sector. At the time of this writing, Bitcoin (BTC) is trading at around $62,900 over the past 24 hours, with a gain of 3%. Last week, the cryptocurrency registered a significant gain of 22%. It was one of the three biggest gainers in the top 10 by market capitalization, surpassing Solana (25%) and Dogecoin (57%) during the same period. The…
BitGo joins the Hedera Council and commits to strengthening the Hedera network through digital asset security and trust expertise. BitGo Trust Company Inc., a leader in digital asset trust and security, announced that it is joining the Hedera Council. This strategic partnership is set to strengthen the development and success of the Hedera network while fostering cutting-edge innovation in the digital asset space. Founded in 2013, BitGo has solidified its reputation as an industry pioneer, serving more than 1,500 customers in more than 50 countries around the world. Known for providing secure hot wallets and regulated custody cold wallets through…
SynFutures, a decentralized derivatives exchange focused on cryptocurrency perpetual futures trading, has launched its latest version, V3. Ethereum ETH -0.31% Layer 2 Blast mainnet launched earlier today.Perp DEX also launched a points rewards program today called Oyster Odyssey. SynFutures said V3 users are also eligible for the upcoming Blast airdrop.“By interacting with SynFutures, users will be eligible to receive Oyster Odyssey points and Blast points,” Rachel Lin, co-founder and CEO of SynFutures, told The Block. She added, “We are also committed to returning 100% of the Blast developer airdrops to our users, so they can enjoy many benefits.”A source with…
Our privacy policy, Terms of Use, cookie, and Do Not Sell My Personal Information has been updated.CoinDesk is award-winning Media outlets covering the cryptocurrency industry. Journalists must: Strict editorial policy. November 2023, Acquired CoinDesk Owner of Bullish Group stress, Regulated digital asset exchange. Bullish Group is majority-owned by: Block One; both companies understanding It has various blockchain and digital asset businesses and a significant portion of digital assets, including Bitcoin. CoinDesk operates as an independent subsidiary with an editorial board to protect journalistic independence. CoinDesk offers stock options from the Bullish group as part of their compensation to all employees,…
As the global blockchain technology market is growing exponentially, several dynamic facilitators and innovative catalysts have emerged on the scene to make the growth smooth and seamless. TDeFi, a pioneering Web3 incubator and consulting firm, seeks to support ambitious projects that aim to disrupt the status quo and become true game changers. Covering a variety of cutting-edge sectors including DeFi, NFTs, healthcare, infrastructure, gaming, marketplaces, metaverse, utilities, and TaskFi, the TDeFi incubation project demonstrates TDeFi’s commitment to fostering innovation across the entire cryptocurrency ecosystem. Among the many projects promoted by TDeFi, OneTo11 stands out as one of the most attractive…
Bank of America (BAC), Wells Fargo (WFC) Offer Spot Bitcoin ETFs to Customers: BloombergCoinDesk’s Privacy Policy, Terms of Use, Cookies, and Do Not Sell My Personal Information have been updated. CoinDesk is a reputable media outlet covering the cryptocurrency industry with journalists following a strict editorial policy. In November 2023, CoinDesk was acquired by Bullish Group, which owns a regulated digital asset exchange. Bullish Group is majority-owned by Block.one, and both companies have interests in blockchain and digital asset businesses. CoinDesk operates independently of the editorial board to ensure journalistic independence. Employees, including journalists, are provided with stock options in…
February 29, 2024, London, UK, Chainwire Memeinator currently has over $5.2 million in presales. Ongoing pre-sale action follows the continued rollout of our roadmap commitments. Earlier this month, Announcement of Memeinator We partnered with award-winning game studio Red Apple Tech to develop the Meme Warfare game. Marco Tonetti, Head of Product, said: “The fantastic performance of the pre-sale means the market knows what we are all about. We’re interested in delivering fun projects with real longevity, without the derivative nonsense that’s common in this field. We continue to develop Memeinator to provide the best possible experience for our audiences, and…
marathon announced yesterday Their Anduro Layer 2 proposal. There are actually no fundamentally new parts or developments in the Anduro design, but it is structured in a slightly different way compared to other existing sidechain systems such as RSK or Liquid/Elements. Anduro is a federated model that utilizes a quorum, referred to as “Collective” in its published documentation. The key difference between Anduro and other sidechain proposals is its explicit design, which is based on collective operations and allows spinning and managing multiple sidechains with different architectures. This is not much different from the concept of DriveChain, which enables a…
Two Wall Street asset managers will support spot Bitcoin ETFs, nearly two months after the product launched on major U.S. exchanges. Bank of America’s Merrill Lynch and Wells Fargo are allowing customers with brokerage accounts to buy spot bits following billions of dollars in demand eight weeks after the launch of the Bitcoin (BTC) ETF. Coin (BTC) ETFs will be allowed to be traded. Bloomberg first reported the news, citing unnamed sources with knowledge of the matter. Spot Bitcoin ETF issuers include some of the largest U.S. asset managers such as BlackRock and Fidelity. But wirehouses and traditional banks initially…