El Salvador acquires Bitcoin, WisdomTree launches 3 crypto ETPs and many other highlights of the crypto market that have been compiled over the past 24 hours.
According to CoinShares data, digital asset investment products saw a total inflow of $ 306 million over the past week, doubling from a week earlier. Bitcoin (BTC) saw its largest inflow in five weeks, totaling $ 247 million (compared to $ 114 million a week earlier) after launching another investment product in Europe, they added. Ethereum (ETH) saw total inflows of $ 23 million last week, compared to around $ 13 million a week earlier.
The El Salvador government has increased its BTC holdings to 100 BTC, President Bukele tweeted last weekend. At the time of writing, BTC is trading at around $ 53,300.
WisdomTree, a sponsor of exchange-traded funds (ETF) and exchange-traded products (ETP), has expanded its digital asset lineup with the introduction of three baskets of ETP-backed cryptocurrency New Physics Assistant. The products called WisdomTree Crypto Marketplace (BLOC), Bitcoin Altcoin (WALT) and WisdomTree Crypto Mega Cap Equal Weight (MEGA) are listed on the SIX Swiss Exchange.
Indian crypto exchange CoinDCX plans to go public (IPO) as soon as government regulations allow, co-founder Neeraj Khandelwal told Bloomberg. The IPO will give legitimacy to the industry, he said, adding that they want to build trust with the exchange’s public listing.
Singapore-based cryptocurrency exchange Coinstore has started operations in India, opening a web and app platform and planning branches in Bangalore, New Delhi and Mumbai as the country prepares to effectively block most private cryptocurrencies, according to Reuters . Charles Tan, director of marketing at Coinstore, said it was “optimistic” that the Indian government would develop a healthy framework for crypto.
SK Square, a non-telecommunications investment company of major South Korean mobile operator SK Telecom, has invested KRW 90 billion ($ 75 million) in the Korbit cryptocurrency exchange, according to Korea JoongAng Daily. After the investment, SK Square now owns a 35% stake in Korbit, making it the second largest shareholder in the crypto exchange after the South Korean investment giant NXC.
The Tourism Authority of Thailand (TAT) is working with regulators and a local cryptocurrency exchange to make it easier for crypto holders to spend their digital assets in the country. reported Bloomberg. TAT Governor Yuthasak Supasorn is quoted as saying that the agency will set up a new entity to issue its own cryptocurrency, develop wallets and build a new tourism ecosystem.
The owner of the 52m (170 ft) superyacht VIANNE, a motor yacht with helipad and deck whirlpool, has confirmed that, after paying 10% of the Fiat deposit (EUR / USD), he can sell the remaining amount for the sale in any major cryptocurrency and in every top-level NFT to be paid. VIANNE is being sold for 8.9 million euros (10 million US dollars), according to a press release.
The Israeli central bank is accelerating learning, research and preparation for the possible issuance of a digital shekel with the aim of creating a more efficient payment system, Reuters reported, citing Israeli central bank governor Amir Yaron.
Crypto Market Highlights: Regulatory News
Finance Minister Nirmala Sitharaman said India has no proposal to recognize Bitcoin as a currency in the country. She added that the government does not collect data on Bitcoin transactions.
India’s Cricket Control Board (BCCI) has banned India’s Premier League teams from entering into sponsorship deals with crypto exchanges, reports The Economic Times. One anonymous franchisee called this “a huge loss of opportunity” because he had previously negotiated with a cryptocurrency platform.
Cryptocurrency lender Celsius Network (CEL) said it has suspended an “employee” as financial chief Yaron Shalem was reportedly arrested as part of the Israeli case, which includes a key crypto figure, Sirin Labs founder Moshe Hogeg . The lender has stated that this “has nothing to do with the employee’s time or work”. [C]“But they verified that no assets were lost or mishandled.
According to a report by Google’s Cybersecurity Action Group, hacked Google Cloud accounts have been used by 86% of “malicious actors” to mine cryptocurrencies, while the rest of the operations hacks include phishing scams and ransomware. The report adds that nearly 75% of the time, malicious actors gained access to Google Cloud instances by exploiting poor customer security practices or vulnerable third-party software.
AMC Theaters and Sony Pictures have announced a joint campaign to distribute 86,000 exclusive non-fungible tokens (NFTs) to customers who are entitled to pre-order or pre-purchase tickets for the opening day of the Grand Prix. Spider: No Way Home.
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Phoenix, USA, 4th June 2024, Chainwire
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