According to a new report by the Financial Intelligence Unit (FIU), South Koreaâs cryptocurrency investor base has surged to 7.78 million. This figure marks a 21% increase from the previous year. The âVirtual Asset Business Surveyâ shows domestic crypto investors increased by 1.33 million compared to the second half of 2023, driven largely by an…
đ Stay Ahead with AltcoinDaily.co! đ Floridaâs chief financial officer, Jimmy Patronis, is urging the agency overseeing the stateâs retirement funds to explore Bitcoin investments, a move in line with a growing trend among U.S. states seeking to diversify their portfolios with cryptocurrency. In a letter to the executive director of the Florida State Board…
Florida Chief Financial Officer (CFO) Jimmy Patronis wants to include Bitcoin (BTC) in the stateâs pension fund investments. To that end, he has sent a formal request to Chris Spencer, the Executive Director of Floridaâs State Board of Administration, highlighting the need for a digital currency investment pilot program. CFO Wants Bitcoin Feasibility Study In…
Este artĂculo tambiĂ©n estĂĄ disponible en español. In an October 14 announcement, Malta-based Samara Asset Group revealed plans to increase its Bitcoin (BTC) holdings through proceeds from a $32.8 million bond issuance. Samara Targets 1,000 Bitcoin Milestone Publicly-listed asset management firm Samara announced it had mandated investment bank Pareto Securities as a sole manager to…
After the downfall of FTX, the Caribbeanâs cryptocurrency landscape entered a phase of doubt and decreased engagement, leading to a loss of trust in crypto platforms. However, starting in late 2023, there has been a notable revival in such activities across the region. Prominent blockchain analysis company Chainalysis said that users in the region increasingly…
The Bitcoin (BTC) rewards app Fold has submitted its S-4 filing to the U.S. Securities and Exchange Commission (SEC), initiating the process for an initial public offering (IPO). The filing follows an announcement in July that it plans to go public through a merger with FTAC Emerald Acquisition Corp. Details of the Merger The filing…
đ Stay Ahead with AltcoinDaily.co! đ The recent September jobs report, which exceeded expectations, is signaling a potential shift in Federal Reserve interest rate cuts, but remains positive for Bitcoin. Zach Pandl, head of research at Grayscale, expressed optimism for Bitcoinâs trajectory in a recent interview, attributing its potential rise to growing investor appetite for…
At the 2024 Tsinghua PBC Chief Economist Forum, former Chinese Vice Minister of Finance Zhu Guangyao urged China to re-evaluate its approach to the crypto industry. He cited the evolving international stance on digital currencies, particularly in the United States, where the asset class has gained political support from key figures like U.S. presidential candidate…
Recent data reveals that bitcoin wallets holding between 0.1 and 1 BTC have grown by an impressive 9,563 since the year began. Meanwhile, the number of crab wallets containing 1 to 10 BTC has shrunk by 7,783. Bitcoin dolphins, sharks, and whales, those with between 100 to 10,000 BTC, made a noticeable splash, with 101…
Matt Hougan, Chief Investment Officer of Bitwise Asset Management, has reported a shift in crypto adoption among the countryâs top financial advisors. Reflecting on his speech at the Barronâs Advisor 100 Summit last Friday, Hougan noted that 70% of the attending financial advisors now personally hold cryptocurrency, a noteworthy increase from just two years ago…
India has again ranked as the leading country with local investors adopting crypto. The latest metric comes despite the governmentâs continuous efforts to discourage digital asset adoption. According to Chainalysisâ latest research, seen by CryptoPotato, India also led last yearâs Crypto Adoption Index. India Leads Crypto Adoption The study ranked global countries based on their…
The approval of spot Bitcoin ETFs in January was one of the biggest moves in crypto this year, with funds generating a surge in demand for BTC. However, eight months after their launch, interest in those products appears to be waning. In a recent post on X, Jim Bianco, the CEO of Bianco Research, stated…
Since its inception in 2009, Bitcoin has evolved from a niche concept into a driving force within global financial markets. This remarkable transformation is anchored by two key pillars: a utility-driven ecosystem that offers innovative solutions, and a visionary reimagining of the future of finance. Central to this evolution is the community that validates these…
Since March 16, the Salvadoran governmentâs cold wallet address has consistently purchased 1 BTC daily. In the process, it has accumulated 160 BTC over more than five months. El Salvadorâs Government Buys 1 BTC Daily According to the latest data shared by Chinese crypto data account EmberCN, this strategic accumulation has brought the nationâs total…
Tokyoâs Metaplanet investment firm revealed that it has acquired an additional 57.273 BTC, valued at approximately 500 million yen or $3.4 million amidst the current market lull to set the stage for long-term growth. This purchase is part of the strategy announced on August 8, following the firmâs acquisition of a 1 billion yen loan,…