Crypto for Advisors: Opinion: Direct Crypto Ownership Is Best
In this week’s issue of Crypto for Advisors, learn why direct ownership of crypto may be in the best interest of the client.
Finance
MicroStrategy Acquired an Additional 155 Bitcoin Since End of Q3
MicroStrategy purchased the bitcoin at an average price of $27,531, according to its earnings report on Wednesday.
Bitcoin Miner Marathon Tests BTC Mining With Methane Gas From Waste Landfill
The 280 Kilowatt (kW) pilot project in Utah is already operational.
Swiss National Bank to Work With SIX Digital Exchange, 6 Banks on Wholesale CBDC Pilot
The Helvetia Phase III pilot will create a tokenized version of the franc as a settlement instrument between financial institutions for digital assets on the exchange.
St.Galler Kantonalbank Works With SEBA Bank to Offer Swiss Customers Bitcoin, Ethereum
The first tier of customers will be wealth management clients , but retail customers are next in line, and other coins and staking services are also planned, said SEBA Bank’s Christian Bieri.
A Year After Sam Bankman-Fried’s Downfall, Solana and Other FTX Holdings Are Flying High
The value of FTX’s stake in Solana’s SOL token, for instance, has just added $1 billion in two weeks.
Team Behind Celsius Bidder NovaWulf Starts New Firm Called Valinor
Fahrenheit-Celsius thermometer (Mustang Joe/Flickr)
Circle Curbs Stablecoin Minting for Retail Users, Moving Closer to Tether’s Practice
USDC issuer Circle Internet Financial said it is curbing support for individual consumer accounts to mint stablecoins, with currently only accepting qualified institutional clients.
Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans
Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday.
BlackRock’s Bitcoin ETF Might Have Trading Support of Heavyweights Like Jane Street, Jump and Virtu: Source
Amid the crypto crackdown, a BTC ETF, if approved, would open a new pathway for U.S.-based firms to get a piece of the crypto action – in a way that plays to their conventional strengths.