Author: James Wilson

Norway’s central bank holds over $500 million in indirect Bitcoin exposure through investments in MicroStrategy and other cryptocurrency-focused companies. According to K33 Research, Norway’s indirect exposure to Bitcoin (BTC) has nearly tripled over the past 12 months due to increased allocations to crypto-related firms. Vetle Lunde, K33 head of research at K33, wrote that the Norway Sovereign Wealth Fund holds 0.72% of MicroStrategy’s total shares, valued at approximately $514 million as of December 2024. This investment translates to indirect exposure of around 3,214 Bitcoin. While Norway’s central bank has invested in MicroStrategy since 2009, the trend accelerated last year as…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana’s gains vanish as Ethereum sees rising whale activity, while Rollblock gains traction amid market volatility. Solana’s recent rebound was short-lived as Wednesday started on a bearish note, wiping out yesterday’s gains. Ethereum also continues to tread water, but this could change soon, as whale activity has started ramping up. Meanwhile, web3 casino Rollblock emerges as a safe haven amid this market-wide volatility spike. With the crypto gambling narrative set for a major comeback later this year, and a…

Grayscale Investments has introduced the Grayscale Bitcoin Miners ETF (ticker: MNRS), a new exchange-traded fund that provides exposure to publicly traded Bitcoin mining companies. The fund, which tracks the Indxx Bitcoin Miners Index, is designed for investors looking to gain exposure to the Bitcoin mining industry without directly investing in the cryptocurrency. Bitcoin miners play a key role in the Bitcoin (BTC) network, using powerful computers to solve complex mathematical problems that secure transactions and maintain network operations. In return, miners are rewarded with newly minted Bitcoin. The MNRS ETF invests in companies that generate most of their revenue from…

ABN AMRO, the third-largest bank in the Netherlands, has completed on-chain trading with stablecoins in a pilot with German exchange 21X. Netherlands‘ third-largest bank ABN AMRO has completed a trading trial with 21X, a Frankfurt-based digital asset exchange, which tested on-chain settlement for tokenized securities using stablecoins. In a Jan. 30 announcement, 21X said the test involved listing a tokenized asset on its on-chain market. ABN AMRO issued an ERC-3643 token on the Polygon Amoy Testnet, while 21X paired it with an ERC-20-based “E-Money Token,” without naming the asset. “As part of our launch preparations we are now in the…

Inflows into U.S. spot Bitcoin ETFs remain weak for the second consecutive day as the Federal Open Market Committee’s decision yesterday to keep interest rates unchanged weighs on investor sentiment. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $92.09 million in inflows on Jan. 29, continuing the weak inflow trend for the second consecutive day. The majority of inflows seen on the day came from Grayscale’s mini Bitcoin Trust which drew in $106.23 million followed by Fidelity’s FBTC with $18.2 million in inflows. Meanwhile, BlackRock’s IBIT, which was close to holding $60 billion in net assets, experienced…

Illinois may soon become the first U.S. state to hold Bitcoin in its fiscal reserves if lawmakers approve the Strategic Bitcoin Reserve proposal referred to Rules Committee by John Cabello. On Jan. 29, the Bitcoin Strategic Bill was referred to the Rules Committee to establish regulations and fast-track its approval process. Illinois State Rep. John Cabello introduced the bill to set the groundwork for Bitcoin (BTC) to become the new strategic asset of Illinois.  Bitcoin Reserve bill for Illinois Under the new legislation, the Illinois State Treasurer would manage the fund and be permitted to accept gifts, grants, and donations of BTC…

Bitcoin bounced after comments from U.S. Federal Reserve Chair Jerome Powell at the FOMC meeting signaled that banks are allowed to serve crypto clients. Crypto markets initially had a muted reaction to the Federal Open Market Committee’s decision on Wednesday, Jan. 29, to keep interest rates unchanged. The Fed maintained its 4.25% to 4.50% federal funds rate, citing “somewhat elevated inflation,” as analysts had predicted. Bitcoin (BTC) edged up 0.5% minutes after the Fed released its FOMC minutes. The uptrend accelerated to 3%, pushing BTC above $103,500 heading into the U.S. evening trading session. 24-hour BTC price chart – Jan.…

He ran the biggest crypto empire, stepped down, served time, and now he’s all about AI and biotech. But as CZ looks ahead, regulators in France are looking back. From Binance to YZi Labs Changpeng Zhao, more commonly known as “CZ,” once the most influential figure in crypto, is back — but this time, in a different role. After stepping down as Binance’s CEO in 2023 and serving a four-month prison sentence in the U.S. for compliance failures, CZ has returned with YZi Labs — a rebranded version of Binance Labs that is expanding its focus beyond the crypto world.…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Monero, XRP, and Remittix are drawing investor interest in 2025, with regulatory strides and DeFi solutions fueling their momentum. The cryptocurrency space remains active in 2025, with some coins already making waves. Monero (XMR) and XRP are doing well in the market, capturing investors’ attention. Remittix, although a new coin, is not left out. Its unique features in bridging the gap between fiat and cryptocurrencies are what set it apart. Monero’s commitment to privacy keeps it on top Monero…

Toncoin’s price crashed to a key support level as exchange balances and inflation rose, while its burn rate declined. Tonecoin (TON) fell to $4.80, its lowest level since Nov. 6 last year, and is now 33% below its highest level in November. Third-party data shows that TON’s price drop coincided with increased exchange inflows, indicating that investors are continuing to sell. Over the past seven days, more than 240,000 TON coins were moved to exchanges.  Additional data from Ton Stat shows that the number of TON coins burned daily is decreasing. On Jan. 28, only 5,805 coins, currently valued at…