Rumble Stock Jumps 9% as Founder Mulls Scooping Up Bitcoin
Rumble, the video platform often associated with conservative and far-right audiences, is exploring the idea of adding Bitcoin to its financial reserves. The company’s stock (RUM) saw a jump of up to 9%, reaching $6.20 during after-hours trading on Nov. 19. This spike came after founder and CEO Chris Pavlovski raised a question on the […]
BlackRock Bitcoin ETF Options Hit Record $1.9B Trading Volume on Debut
Options contracts for BlackRock’s iShares Bitcoin Trust ETF (IBIT), a spot Bitcoin exchange-traded fund, experienced a groundbreaking debut with nearly $2 billion in trading volume. This impressive activity coincided with Bitcoin reaching a new all-time high of over $94,000. James Seyffart, a Bloomberg ETF analyst, shared the figures on Nov. 20, highlighting that 354,000 contracts […]
Binance Explains BFUSD Isn’t a Stablecoin Amid Terra-Like Concerns
Binance has addressed concerns swirling around its upcoming “BFUSD” token, emphasizing that it is not a stablecoin nor has it been officially launched. The confusion arose after a Nov. 17 post by crypto news aggregator Zoomerfied on X (formerly Twitter). The post claimed Binance was introducing a stablecoin with an annual yield of 19.55%, sparking […]
Coinbase CEO to Meet Trump for Talks on Personnel Appointments — WSJ
Brian Armstrong, CEO of the cryptocurrency exchange Coinbase, is set to meet with former President Donald Trump as he continues to select key figures for his upcoming administration, particularly for government department leadership roles. As reported by the Wall Street Journal on November 18, the meeting will focus on discussions regarding personnel appointments. While Armstrong […]
Goldman Sachs to spin out crypto platform
Goldman Sachs is reportedly planning to separate its cryptocurrency division and form a new company focused on developing financial products and services within blockchain ecosystems. According to a Bloomberg report on November 18, this move will allow the bank to concentrate on building new blockchain-based financial instruments. The firm is currently in discussions with potential […]
MicroStrategy Acquires $4.6B in Bitcoin Amid Surging Prices
MicroStrategy, renowned as one of the largest institutional holders of Bitcoin, has expanded its Bitcoin portfolio further, even as the cryptocurrency achieved new record prices. On Nov. 18, the company disclosed its acquisition of 51,780 Bitcoin, investing approximately $4.6 billion at an average price of $88,627 per BTC. This purchase has increased MicroStrategy’s total Bitcoin […]
Polish Presidential Candidate Proposes Strategic Bitcoin Reserve Plan
Polish presidential hopeful Sławomir Mentzen has pledged to establish a Bitcoin reserve if elected in next year’s presidential race. His statement echoes a similar commitment made by U.S. President-elect Donald Trump during his campaign. On Nov. 17, Mentzen shared his views on X, reiterating his ambition to make Poland more crypto-friendly. When questioned about adopting […]
New MiCA-Compliant Stablecoins Gain Support from Tether, Kraken, and Fabric Ventures
Dutch fintech firm Quantoz Payments has secured backing from Tether, Kraken, and Fabric Ventures to introduce two new stablecoins: EURQ and USDQ. These tokens are fully compliant with the MiCA compliance for market trust, a regulatory framework established by the European Union to enhance transparency and security in the digital finance ecosystem. Slated for release […]
BlackRock Secures Approval to Operate in Abu Dhabi
Global investment giant BlackRock has obtained a commercial license to operate in Abu Dhabi, the capital of the United Arab Emirates. This move underscores the firm’s commitment to expanding its presence in the region, which is becoming a hub for cutting-edge financial and technological advancements. Crypto-Friendly Investment Fund Lays Roots in a Digital Asset Hub […]
5 Key Insights on Bitcoin’s Market Moves This Week
1) BTC price volatility builds momentum toward $100,000 Bitcoin experienced only a slight dip after its record-breaking weekly close, leaving bearish traders at a loss. Above $90,000 as Wall Street opened the week, BTC/USD remains strong, up 30% this month, according to TradingView. “So far, the usual weekly open bid has lifted price,” said popular […]