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US Lawmakers Urge Biden to Secure Release of Detained Binance Exec in Nigeria

A group of U.S. lawmakers has called on President Joe Biden to intervene in the detention of Tigran Gambaryan, a high-ranking executive at Binance, who has been held by Nigerian authorities for nearly three months. The appeal, led by House Foreign Affairs Committee Chair Michael McCaul (R-Texas) and supported by 11 other congressional leaders, demands […]

Another Country Will See its First Spot Bitcoin ETF: Report

According to the Bangkok Post, the Thai Securities and Exchange Commission (SEC) has given approval to One Asset Management, a local firm, to introduce Thailand’s first Bitcoin exchange-traded fund (ETF). This ETF is exclusively available to wealthy and institutional investors and follows a policy of investing in 11 prominent global funds. A Diversified Approach The […]

Bitcoin Transactions Hit Yearly High: Over $25 Billion Transferred

While bitcoin’s price stagnated below a key resistance level, the blockchain achieved a notable milestone before the end of the month. On May 28th, transactions on the Bitcoin network surpassed $25 billion in estimated value, representing the highest level in US dollar terms over the past year. Despite facing hurdles in breaching the crucial resistance, […]

This Firm Will Launch Australia’s First Spot ETF With Direct Bitcoin Holdings Today

Australian investment management firm Monochrome Asset Management will launch a first-of-its-kind spot Bitcoin exchange-traded fund (ETF) in the country on Tuesday, May 4, 2024. According to an announcement, the Monochrome Bitcoin ETF (IBTC) will be the first fund to hold BTC directly in Australia. Appropriate measures have been put in place to list the ETF […]