DeFI News by Thebittimes.Com

The UK’s financial regulator is opening the door for wider retail access to crypto-linked investment products.  On June 6, the Financial Conduct Authority (FCA) proposed lifting its ban on cryptocurrency Exchange-Traded Notes (ETNs), allowing UK retail investors to buy these products on recognized investment exchanges for the first time. The move marks a major step toward regulated crypto exposure for the public. While UK investors still won’t get access to spot Bitcoin ETFs like in the US, ETNs provide a way to trade debt instruments that track digital asset prices, without holding the underlying crypto. Safeguards will still apply. Products must meet the UK’s financial promotion rules, be listed on regulated exchanges, and include clear risk disclosures. Incentives and aggressive promotions will remain restricted. ETNs: What investors need to know ETNs are unsecured debt notes that mirror the price of assets like Bitcoin, but carry issuer risk and don’t grant...

Embracing an ongoing trend within the market, Bitcoin miner Marathon Digital has announced it has raised $1 billion to buy more Bitcoin. Indeed, the miner took to X (formerly Twitter) to share that they have completed the “largest convertible note offering ever amongst BTC miners.” The move comes a day after Bitcoin surged to a $98,000 all-time high. Moreover, the asset has surged in prominence, benefiting from the ongoing 2024 US presidential election momentum. Most importantly, experts aren’t expecting the leading crypto’s bull run to end any time soon. JUST IN: #Bitcoin miner Marathon Digital raises $1,000,000,000 to purchase more $BTC. — Watcher.Guru (@WatcherGuru) November 21, 2024 Also Read: Can Bitcoin Reach $100,000 Before Thanksgiving? Marathon Digital Raises $1 Billion as it Looks to Buy More Bitcoin It has proven to be a game-changing month for Bitcoin. Although 2024 had already been one for the history books, the leading cryptocurrency has continued t...

The continued downturn for the leading cryptocurrency may be nearing an end, as Spot Bitcoin ETFs have seen $500 million in inflows this week with BTC approaching a return to $60,000. Investors have continued their embrace of the Bitcoin investment offering as a market recovery seems to be forming. The cryptocurrency is currently trading at $58,124 and up more than 1.3% according to CoinMarketCap. However, it has faced a notable downturn in recent weeks. Over the last 30 days, the token has fallen more than 16% as a bullish reversal appears to be in the cards. Source: Watcher.Guru Also Read: Germany Government or Saxony Who Is Selling Bitcoin? BTC Looking to Return to $60,000 as ETFs Flourish Despite weeks of poor performance, Spot Bitcoin ETFs have flourished with $500 million inflows as BTC is attempting a comeback. Indeed, the investment vehicle has been massive for the asset. Its approval in January was the catalyst for its surge to a $73,000 all-time high in March of this year. Bl...