JD.com’s tech arm revealed its non-fungible token technology and plans, following in the heels of its rival Alibaba. JD Technology is offering seven free limited edition NFTs built on its own NFT chain, commemorating its annual conference, JD Discovery, according to a WeChat post on its official account. The NFTs, JD’s first, are minted and […]
ProShares Bitcoin Futures ETF ‘BITO’ Hauls In $570M of Assets in Stock-Market Debut
The first-ever exchange-traded fund (ETF) backed by bitcoin futures hauled in some $570 million of assets on its first day of trading, a sign of just how hungry investors remain for bets on the cryptocurrency as prices approach a record high. ProShares, the fund’s sponsor, announced the level of assets in an emailed notice from […]
Bitcoin Hits 6-Month High as First Bitcoin Futures ETF ‘BITO’ Starts Trading
Bitcoin’s price surged Tuesday to a six-month high, climbing past $63,000 as ProShares’ much-anticipated, futures-focused exchange-traded fund (ETF) began trading on the New York Stock Exchange (NYSE). The largest cryptocurrency has climbed 33% over the past month on expectations the U.S. Securities and Exchange Commission (SEC) would approve the exchange-traded fund, which invests in futures […]
US Treasury Department Says Cryptocurrencies Could Undermine Sanctions
The U.S. Treasury Department said on Monday in a report that cryptocurrencies could undermine the effectiveness of U.S. sanctions. The report, which followed a six-month review of U.S. sanctions against countries with whom it is at odds or suspects of being behind illegal activity, noted that “digital currencies, alternative payment platforms, and new ways of […]
Analysts Divided on Prospects of Sell-the-Fact Move as Bitcoin ETF Listing Nears
There is an old saying on Wall Street: buy the rumor, sell the news. The adage is based on the belief that market participants, being forward-looking, tend to buy an asset when expecting positive information and take profit, driving the market lower on confirmation of the news. Bitcoin has rallied over 40% this month on […]
