Crypto custodian BitGo launches OTC trading amid rumored late 2025 IPO
OTC infrastructure firm Finery Markets says OTC trading volume skyrocketed last year, driven by Donald Trump’s election win and demand for spot crypto ETFs.
Norway indicts four over alleged $80M crypto scheme
According to recent reports, Norwegian authorities have uncovered a major cryptocurrency scheme that involved the laundering of $62 million through the accounts of a local law firm. The creators of this scheme are now facing serious charges for their involvement in what is being described as one of the largest crypto-related money laundering cases in the country’s history.
The investigation began when authorities received a tip about suspicious activity involving large sums of money being transferred through the accounts of a law firm based in Norway. Upon further investigation, it was discovered that the funds were linked to a cryptocurrency scheme that promised high returns to investors.
The scheme, which operated under the guise of a legitimate cryptocurrency investment opportunity, lured in unsuspecting individuals with promises of quick and easy profits. However, instead of investing the funds as promised, the creators of the scheme used the money to fund their own lavish lifestyles and to cover up their illegal activities.
The authorities have since frozen the accounts of the law firm and its owners, and have charged them with money laundering and fraud. This case serves as a reminder of the potential risks involved in the world of cryptocurrency, where scams and fraudulent activities are becoming increasingly common.
It also highlights the importance of conducting thorough research and due diligence before investing in any cryptocurrency scheme. Investors should be cautious of promises of high returns and should always verify the legitimacy of the company and its operations before handing over their hard-earned money.
This latest development in Norway’s crypto landscape serves as a warning to both investors and those involved in fraudulent activities. The authorities are cracking down on illegal activities in the crypto space and are determined to bring those responsible to justice. As the popularity of cryptocurrency continues to grow, it is crucial for individuals to stay vigilant and informed in order to protect themselves from falling victim to similar schemes.
Saylor’s Strategy proposes $2B convertible note offering to buy more Bitcoin
Michael Saylor, the CEO of MicroStrategy, has been making waves in the cryptocurrency world with his bold strategy of investing in Bitcoin. And now, he’s looking to take it even further by raising an additional $2 billion through 0% convertible notes. This move is aimed at increasing the company’s Bitcoin holdings, which currently stand at a staggering 478,740 BTC.
Saylor’s decision to invest heavily in Bitcoin has been met with both praise and skepticism. While some see it as a smart move that will pay off in the long run, others are concerned about the potential risks involved. However, Saylor remains confident in his strategy and believes that Bitcoin is the future of finance.
The 0% convertible notes that MicroStrategy is offering are a unique type of debt instrument that allows investors to convert their notes into company stock at a predetermined price. This means that if the company’s stock price rises, investors can potentially make a profit by converting their notes into stock. And with the current bullish trend of Bitcoin, this could be a lucrative opportunity for investors.
MicroStrategy’s decision to raise more funds for Bitcoin investment comes as no surprise, considering the success they have seen with their previous purchases. In fact, the company’s Bitcoin holdings have already made them a profit of over $3 billion. And with the recent surge in Bitcoin’s price, their investment is only growing in value.
Saylor’s unwavering belief in Bitcoin is based on its scarcity and its potential to become a global reserve currency. He sees it as a hedge against inflation and a safe haven asset in times of economic uncertainty. And with more and more institutional investors jumping on the Bitcoin bandwagon, it seems that Saylor’s strategy is paying off.
In conclusion, Michael Saylor’s bold strategy of investing in Bitcoin has proven to be a successful one so far. And with the potential addition of another $2 billion worth of BTC, MicroStrategy is solidifying its position as a major player in the cryptocurrency market. Only time will tell if Saylor’s faith in Bitcoin will continue to pay off, but for now, it seems like he’s on the right track.
Traders eye SOL/ETH reversal amid memecoin fallout
The cryptocurrency market is constantly evolving and changing, with new trends and patterns emerging every day. One of the most interesting developments in recent months has been the fluctuation of the SOL to ETH ratio. This ratio, which measures the value of Solana (SOL) in comparison to Ethereum (ETH), has been on a rollercoaster ride, reaching record highs in January before reversing course in the following months.
For those unfamiliar with these two cryptocurrencies, Solana is a relatively new player in the market, having launched in 2020. It has quickly gained popularity due to its fast transaction speeds and low fees, making it a strong competitor to Ethereum. On the other hand, Ethereum is the second-largest cryptocurrency by market capitalization and has been a dominant force in the industry for years.
In January, the SOL to ETH ratio reached an all-time high, with one SOL being worth over 0.1 ETH. This was a significant milestone for Solana, as it showed that investors were confident in its potential and were willing to pay a premium for it. However, this surge in value was short-lived, as the ratio started to decline in the following months.
One of the main reasons for this reversal was the rise of memecoins, which are cryptocurrencies created as a joke or for entertainment purposes. These memecoins, such as Dogecoin and Shiba Inu, gained a lot of attention and investment, causing a shift in the market away from more established cryptocurrencies like SOL and ETH.
As a result, the SOL to ETH ratio has been steadily declining, with one SOL now being worth around 0.05 ETH. This may be disheartening for SOL investors, but it also presents an opportunity for those looking to invest in Solana at a lower price.
In conclusion, the SOL to ETH ratio has been a hot topic in the cryptocurrency world, with its ups and downs reflecting the ever-changing landscape of the market. Whether it will continue to decline or bounce back remains to be seen, but one thing is for sure – the cryptocurrency market is always full of surprises.
3 reasons why stablecoin growth thrives globally — Will US follow under Trump?
The use of stablecoins, a type of cryptocurrency that is pegged to a stable asset such as a fiat currency or commodity, has been on the rise in emerging markets. This trend is particularly interesting given the lack of crypto-friendly regulations and basic banking infrastructure in these regions. Despite these challenges, stablecoins have gained significant traction and are being used for a variety of purposes, from remittances to everyday transactions.
One of the main reasons for the popularity of stablecoins in emerging markets is their stability. Unlike other cryptocurrencies, stablecoins are not subject to the extreme price fluctuations that have become synonymous with the crypto market. This makes them a more reliable and less risky option for individuals and businesses in countries with volatile economies and currencies.
Another factor contributing to the growth of stablecoins in emerging markets is the lack of access to traditional banking services. Many people in these regions do not have bank accounts or credit cards, making it difficult for them to participate in the global economy. Stablecoins offer a way for these individuals to transact and store value without relying on traditional financial institutions.
But while stablecoins are gaining popularity in emerging markets, the same cannot be said for the United States. Despite being a global leader in technology and finance, the US has been slow to embrace stablecoins. This is partly due to the lack of clear regulations surrounding cryptocurrencies, which has created uncertainty and hesitation among businesses and consumers.
However, with the recent surge in stablecoin use in emerging markets, it is becoming increasingly clear that the US needs to catch up in order to remain competitive. The potential benefits of stablecoins, such as faster and cheaper cross-border transactions, cannot be ignored. It is time for the US to take a closer look at stablecoins and develop a regulatory framework that will allow for their responsible use and growth.
In conclusion, stablecoins are proving to be a game-changer in emerging markets, providing a stable and accessible alternative to traditional currencies. As this trend continues to gain momentum, it is crucial for the US to adapt and embrace stablecoins in order to stay ahead in the global financial landscape.
FTX announces next repayment round for May
After more than two years since its collapse, the bankrupted cryptocurrency exchange, Mt. Gox, has finally begun repaying its creditors. This news comes as a glimmer of hope for the thousands of individuals and businesses who lost their funds in the exchange’s dramatic downfall.
Mt. Gox was once the largest and most popular cryptocurrency exchange, handling over 70% of all Bitcoin transactions worldwide. However, in February 2014, the exchange suddenly halted all trading and filed for bankruptcy, citing the loss of over 850,000 Bitcoins, worth approximately $473 million at the time.
The following years were filled with legal battles and investigations, as creditors fought to recover their lost funds and hold the exchange’s executives accountable. It wasn’t until April 2019 that a Japanese court approved a rehabilitation plan for Mt. Gox, allowing for the distribution of remaining assets to creditors.
Now, in February 2021, the first repayments have been made to creditors, marking a significant step towards the resolution of this long-standing issue. The repayment process will continue over the next few years, with the remaining assets being distributed in installments.
While this news may bring some relief to those affected by the Mt. Gox collapse, it also serves as a reminder of the risks involved in the cryptocurrency market. The lack of regulation and oversight in the industry can leave investors vulnerable to fraud and theft, as seen in the case of Mt. Gox.
However, with the growing popularity and adoption of cryptocurrencies, steps are being taken to improve security and protect investors. It is crucial for individuals to do their research and only invest in reputable and regulated exchanges to avoid such devastating losses.
In conclusion, the start of repayments by Mt. Gox is a significant development in the long road to resolution for its creditors. It also serves as a cautionary tale for the cryptocurrency market, highlighting the need for proper regulation and security measures to protect investors.
Tether co-founder launches rival stablecoin that offers yield
Introducing the latest innovation in the world of cryptocurrency – the USP stablecoin. This revolutionary digital currency offers users the opportunity to earn yield backed by real-world assets, such as bonds. With its unique features and benefits, the USP stablecoin is set to disrupt the traditional financial system and provide a secure and profitable investment option for individuals and businesses alike.
One of the key advantages of the USP stablecoin is its stability. Unlike other cryptocurrencies that are known for their volatility, the USP stablecoin is backed by tangible assets, making it less susceptible to market fluctuations. This means that users can enjoy a more secure and predictable investment experience, without the fear of sudden price drops.
But that’s not all – the USP stablecoin also offers attractive yields for its holders. By utilizing bonds and other real-world assets, the USP stablecoin is able to generate consistent returns for its users. This means that not only can you protect your investment from market volatility, but you can also earn a steady stream of income.
Furthermore, the USP stablecoin is designed to be user-friendly and accessible to all. With its simple and intuitive interface, anyone can easily purchase and hold the USP stablecoin, without the need for technical knowledge or expertise. This makes it an ideal investment option for both seasoned investors and newcomers to the world of cryptocurrency.
In addition, the USP stablecoin is backed by a team of experts with years of experience in the financial industry. This ensures that the stablecoin is managed and operated in a professional and responsible manner, providing users with peace of mind and confidence in their investment.
So why wait? Join the USP stablecoin revolution and start earning yield backed by real-world assets today. With its stability, attractive yields, and user-friendly features, the USP stablecoin is set to become the go-to investment option for those looking to diversify their portfolio and secure their financial future. Don’t miss out on this exciting opportunity – get your hands on the USP stablecoin now!
Grayscale launches Pyth investment fund
Grayscale Investments, the world’s largest digital currency asset manager, has recently announced the launch of its newest single-asset investment fund focused on the rapidly growing Solana ecosystem. This fund aims to provide investors with a unique opportunity to gain exposure to the high-growth potential of Solana, a blockchain platform known for its lightning-fast transaction speeds and low fees.
The Solana Investment Trust, as it is called, offers investors a “higher-beta” exposure to the Solana ecosystem, meaning that it is designed to provide a higher return potential compared to traditional investment options. This move by Grayscale is a testament to the increasing demand for Solana and its potential to disrupt the current financial landscape.
With the launch of this new fund, Grayscale continues to expand its suite of single-asset crypto funds, which already includes popular options such as Bitcoin, Ethereum, and Litecoin. This move further solidifies Grayscale’s position as a leader in the digital asset investment space, providing investors with a diverse range of options to diversify their portfolios.
The Solana Investment Trust will be available to accredited investors, who can now gain exposure to Solana without having to directly hold the digital asset themselves. This provides a convenient and secure way for investors to participate in the growth of the Solana ecosystem, without the complexities and risks associated with buying and storing digital assets.
Solana has been gaining significant traction in the crypto world, with its unique features and growing list of partnerships and use cases. Its fast transaction speeds and low fees make it a promising platform for decentralized applications and other use cases, attracting the attention of both retail and institutional investors.
In conclusion, the launch of the Solana Investment Trust by Grayscale is a significant development for the Solana ecosystem and the digital asset investment space as a whole. It offers investors a convenient and secure way to gain exposure to the high-growth potential of Solana, further cementing its position as a leading blockchain platform.