Alternative financial services firm, Valkyrie Digital Assets, has become the latest company to file for a Bitcoin exchange-traded fund (ETF) offering indirect exposure to BTC via cash-settled futures contracts. According to a draft prospectus dated August 11, the Bitcoin futures contracts will be purchased via a Cayman Island-based subsidiary wholly owned by the fund via exchanges registered with the U.S. […]

The Nasdaq-listed auto insurance company Metromile has purchased $1 million in bitcoin. The company plans to “become the first insurance company to allow policyholders the option to pay for insurance and receive payment for eligible claims in either bitcoin or dollars.” Auto Insurance Platform Adds Bitcoin to Balance Sheet The Nasdaq-listed insurance company Metromile Inc. disclosed its bitcoin purchase in […]

South Korean cryptocurrency exchange Korbit has announced that it has re-opened an offline customer service center in Gangnam District, located in Seoul. According to EDaily, the firm had to close its customer center in January 2019 as the so-called “crypto winter” arrived in the country. Still, despite the pandemic, the exchange re-opened its doors and is now located in a […]

Bitcoin is edging towards recovery after nearly three months of heavy drops. The world’s number one digital currency by market cap has been undergoing one of its biggest valuation changes, having surged all the way to a whopping $64,000 per unit back in April of this year. However, about a month later, the currency began experiencing mega dips that ultimately […]

San Francisco-based technology firm Metromile has used 10% of the funds it previously said would be allocated towards crypto to buy Bitcoin. According to an Aug. 10 filing from the U.S. Securities and Exchange Commission, or SEC, Metromile reported it had purchased $1 million in Bitcoin (BTC) in June. However, the firm recorded a loss of $100,000 in the original […]

Global cryptocurrency derivatives exchange Bitmex has settled charges with the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN). The exchange has agreed to pay as much as $100 million to end investigations by the two agencies. Bitmex Settles With CFTC and FinCEN Bitmex confirmed Tuesday that “it has reached a resolution with both the United […]

Cardano’s (ADA) price has made a splash on the charts this week. The asset’s success lately can be attributed to the growing interest in the upgrade that would see smart contracts be a reality on the blockchain. Cardano’s (ADA) price has also followed the run-up that the market has experienced lately. Sentiments across the crypto market continue to skew towards […]

In what amounts to the biggest DeFi hack in history and one of the largest the digital asset industry has ever seen, a hacker has stolen more than $611 million in funds from the cross-chain Poly Network. The Poly Network allows users to swap tokens across multiple blockchains, including Ethereum, Binance Smart Chain, Polygon, and others. Poly Network announced the […]