Portofino Technology’s General Counsel and Compliance Head Is Latest Senior Exec to Exit

Celyn Armstrong, general counsel and head of compliance at crypto market maker Portofino Technologies, is the latest senior member of staff to leave the firm. He follows Mark Blackborough, the company’s former chief financial officer, who also recently left the business. “We’re grateful to Celyn for his pivotal role in building Portofino’s regulatory and compliance … Read more

Crypto Daybook Americas: Bitcoin Dominance Underlines Haven Status as Trade Turmoil Hits Market

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin’s (BTC) status as a haven in the context of broader financial markets may be up for debate, but within crypto it’s hardly questionable. Cryptocurrency prices have fallen across the board over the last 24 hours, yet bets on BTC’s dominance keep growing. The market’s sell-off … Read more

KiloEx to Compensate Users Impacted by $7M Attack

KiloEX, the decentralized exchange (DEX) hit by a $7 million attack earlier this month, has revealed its resolution plans for affected users. Users whose positions remained open during the platform suspension will be compensated for the difference on increased losses or decreased profits, KiloEX said on Thursday. Compensation will only be calculated up to the … Read more

Long-Term Bitcoin Holders Show Commitment, Buy More BTC Than Short-Term Holders Sell

For every 1 bitcoin (BTC) sold by short-term holders, long-term holders (LTHs) have accumulated 1.38 BTC in a clear sign of their commitment as the largest cryptocurrency continues to recover. Since bottoming out in January, LTHs have amassed 635,340 BTC, bringing their total holdings to 13,755,722 BTC, according to Glassnode data. Defined as those who … Read more

Bitcoin Traders Eye Long Term BTC Accumulation by Selling Put Options

Would you offer insurance when expecting low odds of a claim being made? Most likely, you would, while pocketing the premium without a second thought. Bitcoin (BTC) traders are doing something similar in the Deribit-listed BTC options market, hinting at bullish price expectations. Recently, an increasing number of traders have been selling (writing) BTC put … Read more

Dubai’s VARA Warns of Firms Falsely Claiming to Be Part of Real Estate Tokenization Pilot

Dubai’s crypto regulator has issued an alert, warning of firms falsely claiming to be part of the city’s high-profile real estate tokenization pilot, saying that such misrepresentation may violate the emirate’s virtual asset laws. The Virtual Assets Regulatory Authority (VARA), in coordination with the Dubai Land Department (DLD), said on Tuesday that several entities have … Read more

Bitcoin’s April Rally Driven By Institutions, While Retail Flees ETFs: Coinbase Exec

Bitcoin’s (BTC) breakout to $93,000 is being driven by deep-pocketed institutions, not retail exchange traded-fund (ETF) buyers, said Coinbase Institutional’s John D’Agostino on CNBC. The rally began in early April, as institutional investors, and sovereign wealth funds quietly accumulated BTC with their “patient pools of capital” while retail investors were still pulling capital from spot … Read more

Metaplanet Hits 5,000 BTC Mark Amid Strategic Treasury Expansion

Metaplanet (3350) has reached a major milestone in its bitcoin (BTC) strategy, the Japanese hotel company now holds 5,000 BTC as part of its treasury operations. Its BTC stash is valued at approximately $428.1 million at an average acquisition cost of around $85,621 per coin. The Tokyo-listed firm continues to double down on bitcoin as … Read more