MicroStrategy’s endgame is to be the leading Bitcoin bank: Michael Saylor
MicroStrategy aims to become the world’s leading Bitcoin bank, holding 252,220 BTC. The company invests borrowed funds in Bitcoin, expecting 29% annual returns. Saylor’s goal is to grow MicroStrategy into a trillion-dollar bitcoin-driven entity. Michael Saylor, founder and executive chairman of MicroStrategy, in an interview with analysts at research and brokerage firm Bernstein outlined a […]
National Bank of Bahrain launches a Bitcoin investment fund
The National Bank of Bahrain launches the GCC’s first Bitcoin investment fund. The fund offers accredited investors exposure to Bitcoin as a capital-protecting option. Bahrain ranks fifth globally in Bitcoin holdings, emphasizing its crypto-friendly stance. The National Bank of Bahrain (NBB) has made headlines with the launch of a groundbreaking investment fund aimed at providing […]
Singapore’s DBS Bank to launch crypto options and structured notes in Q4 2024
DBS Bank to launch OTC crypto options trading linked to BTC and ETH in Q4 2024. Clients can hedge against volatility through options and structured notes. DBS continues integrating blockchain and Web3 for institutional-grade access. Singapore’s DBS Bank is set to launch over-the-counter (OTC) crypto options trading and structured notes in the fourth quarter of […]
Switzerland’s 4th largest bank ZKB launches Bitcoin and Ethereum trading
Zürcher Kantonalbank (ZKB) now offers Bitcoin and Ethereum trading via ZKB eBanking and Mobile Banking. The bank has partnered with Crypto Finance AG and will use Fireblocks for secure custody. The services are available only to Swiss residents with the necessary agreements signed. Zurich Cantonal Bank, Switzerland’s fourth-largest bank locally known as Zürcher Kantonalbank (ZKB), […]
Xapo Bank partners with Hilbert Group to launch $200m Bitcoin hedge fund
Xapo Bank and Hilbert Group will launch a Bitcoin-denominated hedge fund. The BTC fund will receive an initial investment of $200 million from Xapo and other investors. Xapo Bank is teaming up with Hilbert Group to launch a Bitcoin (BTC)-denominated hedge fund, according to a press release on Aug. 27. In the announcement, Hilbert Group […]
M2 crypto exchange to allow UAE residents to trade crypto using bank accounts
M2 enables UAE residents to trade BTC and ETH directly with bank accounts. Integration supports dirham deposits, withdrawals, and market-responsive trading. UAE has strict regulations to ensure consumer protection and market transparency. In a significant development for the digital asset market in the United Arab Emirates (UAE), M2, a prominent crypto exchange, has announced that […]
Ex-Deutsche Bank investment banker faces up to 30 years behind bars
The former Deutsche Bank employee, Rashawn Russell, was arrested in April 2023. Russell is accused of causing at least 29 investors to lose not less than $1.5 million. Russell fabricated multiple documents and misled investors regarding the status of their investments to orchestrate his scheme. Rashawn Russell, formerly employed as an investment banker at Deutsche […]
Bitcoin, Ether prices up as stocks tank on new bank fears
Bitcoin (BTC) and Ethereum (ETH) prices rose nearly 2% respectively as stocks plunged. The S&P 500 was down 1.5% as two bank stocks plummeted. BTC and ETH gains saw altcoins in the top 10 cryptocurrencies by market cap up. Bitcoin (BTC) price moved above $28,500 again on Tuesday, rising more than 2% in early morning […]
MicroStrategy repays Silvergate Bank loan, buy 6,455 BTC
MicroStrategy founder Michael Saylor announced the company had repaid the $205 million loan at a 22% discount. The company also bought 6,455 bitcoins worth $150 million. Saylor’s company currently holds more than 138,900 bitcoins. MicroStrategy, the world’s largest corporate holder of Bitcoin, has revealed it recently purchased more BTC. The business intelligence company, founded by […]