Chile prüft die Einführung einer strategischen Bitcoin-Reserve, um Kryptowährungen in seine Wirtschaft zu integrieren. Während die politische Unterstützung wächst, äußert die Zentralbank Bedenken.
Crypto trading firm GSR secures FCA approval
- GSR has received a regulatory nod from the UK’s Financial Conduct Authority.
- The cypto trading firm also holds a crypto license from the Singapore Monetary Authority.
GSR, a crypto trading firm and market maker, has received regulatory approval from Financial Conduct Authority (FCA), the financial markets regulator in the UK.
In a press release on Jan. 6, GSR said the regulatory approval means GSR Markets UK Limited is duly registered to conduct crypto related business in the country. It will support crypto trading in the UK, reaching both local/resident clients and across the globe.
GSR’s approval maps the firm as the first crypto liquidity provider to offer over-the-counter and crypto asset trading services.
According to the announcement, the firm seeks to expand its services delivery globally. This follows the firm’s milestone of having received regulatory nods from the two major crypto regulation jurisdictions.
GSR seeks global traction
Notably, Singapore’s Monetary Authority of Singapore granted regulatory approval to GSR as a crypto liquidity provider in April 2024. GSR is a Major Payment Institution licensed firm in Singapore.
The move for global regulatory approval aligns with GSR’s quest to offer its services alongside the standard principles of compliance and integrity – a top goal for company brand and image built over time.
GSR Group CEO Xin Song noted that the two global financial regulators’ approvals “marks a significant milestone in our mission to shape a more transparent, inclusive global crypto trading ecosystem.”
He confidently added that getting regulatory approvals from leading financial regulators makes the firm confident to expand on its services delivery to clients globally.
“By achieving approvals from two of the world’s leading financial regulators, the GSR Group can confidently expand our services to institutional and professional clients globally while continuing to uphold the integrity and high-quality service that we are known for,” the GSR Group chief executive added.
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MicroStrategy adds $101m Bitcoin to holdings, now at 447,470 BTC
- MicroStrategy buys another $101 million of Bitcoin.
- Company’s holdings now stand at 447, 470 BTC.
- KULR also announced it purchased $21 million worth of Bitcoin to add to its holdings.
MicroStrategy has added to its Bitcoin (BTC) haul with another big purchase of 1,070 BTC valued at approximately $101 million.
The company disclosed the latest Bitcoin purchase on Monday Jan. 6, noting the acquisition was at the average price of $94,004 per bitcoin. Buying happened between Dec. 30, 2024 and Jan. 5, 2025, the business intelligence firm said.
MicroStrategy completed the sale after finalizing the sale of 319,586 shares. With this purchase, the company’s remains with $6.77 billion shares – part of the targeted $21 billion equity and $21 billion fixed income securities – to be used for more Bitcoin purchases.
MicroStrategy’s Bitcoin strategy
Bitcoin price has risen in the past week, rising amid bullish sentiment ahead of Donald Trump’s inauguration. So far, MicroStrategy has acquired a staggering 447,470 BTC hodled at the purchase value of about $27.97 billion. As per current prices,the company’s total BTC bag is worth over $44 billion.
MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hodl 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M
— Michael Saylor⚡️ (@saylor) January 6, 2025
The world’s largest corporate holder of Bitcoin has inspired several other publicly-traded companies to adopt BTC treasury strategies. It includes companies listed in the US, Hong Kong and Canada among others.
Notably, MicroStrategy bought its bitcoin at the average price of $62,503 per BTC.
One of these, KULR Technology Group, an energy management platform, has also announced on Jan.6 that it purchased another $21 million worth of BTC to bring its total to $42 million.
KULR has acquired 213.43 BTC for ~ $21 million at ~ $98,246 per #bitcoin and has achieved BTC Yield of 93.7 % YTD. As of 1/6/25, we hodl 430.61 $BTC acquired for ~ $42 million at ~ $97,391 per bitcoin. $KULR https://t.co/L4LS7DtL4M pic.twitter.com/INaGxpNv28
— Michael Mo (@michaelmokulr) January 6, 2025
KULR, which began its Bitcoin treasury strategy in early December, 2024, acquired the latest BTC haul at the average price of $98,393.58 per bitcoin.
Bitcoin traded at around $99,194 at the time of writing, 1.5% up in the past 24 hours and nearly 6% up in the past week.
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Bitcoin (BTC)-Trump-Rallye: Rückgang vor FOMC-Sitzung Ende Januar?
Der Gründer von 10x Research, Markus Thielen, sagte, dass die Entscheidungen der US-Notenbank weiterhin das „Hauptrisiko“ für Bitcoin seien, wenn es um die Kursentwicklung geht.
Binance to list Solv Protocol’s native token SOLV next week
- SOLV token to be listed on Binance on January 17, 2025, with four trading pairs.
- Solv Protocol focuses on Bitcoin staking to boost DeFi integration and liquidity.
- Besides listing, Binance has also invested in Solv Protocol.
Binance, one of the world’s leading cryptocurrency exchanges, has announced its plan to list Solv Protocol’s native token, SOLV, next week.
This move is set to amplify SOLV’s visibility and utility within the burgeoning sector of Bitcoin-focused decentralized finance (DeFi).
SOLV to be listed on Binance on January 17
The listing of SOLV on Binance is scheduled for January 17, 2025, at 10:00 UTC, with trading pairs including SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
Notably, SOLV will enter the market with the “Seed” label, which Binance uses to signify tokens that are in their early stages, potentially indicating higher risk but also higher growth opportunities.
The anticipation around the SOLV listing is palpable, with posts on social media platforms like X highlighting the community’s excitement and speculation about the token’s future market performance. Discussions point towards an initial market cap expectation ranging from $400 million to $600 million, reflecting both optimism and caution given the token’s nascent stage.
The rise of the Solv Protocol
Solv Protocol has carved a niche for itself by focusing on Bitcoin staking, aiming to integrate Bitcoin more deeply into the DeFi ecosystem. The protocol’s mission is to unlock the potential of over $1 trillion in Bitcoin assets by providing yield opportunities while preserving liquidity.
With this listing, Binance endorses Solv Protocol’s vision and opens up new avenues for its users to engage with high-potential DeFi projects centred around Bitcoin.
This listing comes on the heels of a significant strategic investment by Binance Labs in Solv Protocol, underscoring a strong belief in its potential to revolutionize Bitcoin’s role in DeFi. Solv Protocol has raised substantial funding, with a total of $22 million, to further its development and adoption.
In addition to listing on Binance, SOLV will also be integrated into Binance’s Megadrop platform, where users can earn SOLV tokens by locking BNB or participating in Web3 quests, adding another layer of engagement for the crypto community.
As we approach the listing date, all eyes will be on how SOLV performs and how effectively Solv Protocol can leverage this opportunity to expand its ecosystem and user base.
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