Author: James Wilson

REX Shares has launched the REX Bitcoin Corporate Treasury Convertible Bond ETF. This will be a fund that invests in convertible bonds issued by companies that hold Bitcoin (BTC) in their corporate treasury, according to a company release. Convertible bonds are a type of debt that can be converted into company shares under certain conditions. Some companies use these bonds to raise money and buy Bitcoin for their balance sheets. The strategy gained attention after Michael Saylor, now Chairman of Strategy (formerly MicroStrategy), used it to accumulate Bitcoin. BMAX simplifies access to this investment approach by packaging these bonds into…

A new report from 10x Research suggests it’s too early to buy a dip, as Bitcoin is heading to around $73,000 soon. The next bull run will require a new narrative, according to Markus Thielen, a CEO and the main analyst at 10x Research. 10x puts a substantial chunk of the blame for the crypto market decline on Trump’s policies and memecoins collapse: “Many retail investors are now holding portfolios packed with meme coins, most of which are on a slow march to zero with TRUMP leading the way collapsing under the weight of speculation, much like the broader market…

Shares of Bitcoin miner Bit Digital climbed 7% after the company reported more than a 140% revenue jump in 2024, fueled by its growing cloud services segment. Bit Digital’s latest financial results suggest a major shift is underway as its expanding cloud services and high-performance computing operations appear to be reshaping its revenue mix. In a press release on Friday, March 14, Bit Digital reported $108.1 million in total revenue for 2024, a 141% increase from the previous year. The company’s management attributed the surge to the successful rapid expansion of its HPC business. Data shows that cloud services, which…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin dips below $82k after U.S. Bitcoin Reserve news but stays bullish, while XYZVerse rises as a top memecoin contender. Bitcoin (BTC) has recently faced volatile price action, dipping below $82,000 following the U.S. government’s announcement of the Strategic Bitcoin Reserve. Despite the short-term pullback, BTC remains in a long-term uptrend, with institutional adoption and macroeconomic factors fueling optimism. One of the most significant fundamental catalysts is President Donald Trump’s executive order to establish a Bitcoin reserve, utilizing seized…

Paul Chowles, an operational officer with the UK’s National Crime Agency, has been charged with multiple offenses linked to the alleged misappropriation of Bitcoin during an investigation into online organized crime in 2017. The Crown Prosecution Service authorized Merseyside Police to charge Chowles, 42, with 11 counts of concealing, disguising, or converting criminal property, three counts of acquiring, using, or possessing criminal property, and one count of theft.  He is set to appear at Liverpool Magistrates’ Court on 25 April. In a statement, Malcolm McHaffie, head of the CPS Special Crime Division, confirmed the charges and reminded the public of…

How did a meme token backed by a world leader soar to a $1.16 billion market cap, only to crash by 95% within hours? A new report published on Friday by DWF Labs sheds light on the launch and collapse of $LIBRA. Libra (LIBRA) is a meme token on Solana that skyrocketed to a market cap of $1.16 billion within its first hour, only to lose over 95% of its value shortly after. The token’s collapse erased more than $280 million from approximately 75,000 traders, raising serious questions about insider trading and market manipulation. The incident, known as “Cryptogate,” has…

MoonPay has received a Money Transmitter License from the Wisconsin Department of Financial Institutions. This license allows the company to expand its services in the state, according to a press release shared with crypto.news. This means that Wisconsin residents can now use MoonPay Balance to deposit funds for fee-free purchases, excluding ecosystem and network fees. Wisconsin, the 20th most populous U.S. state, has shown increasing interest in crypto. Last year, it became the first state government to buy Bitcoin.  The addition of Wisconsin brings MoonPay’s total MTL count to 46, reflecting its push for regulatory approvals across the U.S. “With…

REX Shares has launched a new, first of its kind exchange-traded fund focused on convertible bonds from companies incorporating Bitcoin into their treasury. REX Shares, an asset management firm specializing in investment products and funds, has just launched Bitcoin Corporate Treasury Convertible Bond (BMAX) ETF, which allows retail investors to invest in convertible bonds issued by companies that are buying Bitcoin (BTC) for their corporate treasuries (like Michael Saylor’s Strategy). “Until now, these bonds have been difficult for individual investors to reach. BMAX removes those barriers, making it easier to invest in the strategy pioneered by Michael Saylor—leveraging corporate debt…

Gemini has set a new Guinness world record for the largest aerial display of a currency symbol using 1,000 drones forming the Bitcoin symbol. On March 13 at 8:10 PM CT, the crypto exchange hosted a Bitcoin (BTC) -drone show at South by Southwest or SXSW in Austin, Texas to commemorate the introduction of a strategic Bitcoin reserve after President Trump signed the executive order for its creation. The drone show lasted for 20 minutes and featured a string of curated 1,000 drones forming the iconic Bitcoin symbol that lit up the night sky. The drones were produced by a…

U.S. Congressman Byron Donalds plans to introduce a bill to ensure President Donald Trump’s executive order that establishes a strategic Bitcoin reserve cannot be overturned by future presidents. According to a recent Bloomberg report, Donalds’ bill aims to protect the executive order to establish a national strategic Bitcoin (BTC) reserve and U.S. digital asset stockpile from being eliminated by executive policies or decisions of future American presidents. Therefore, the bill serves to “codify” the executive order signed on March 7. “For years, the Democrats waged war on crypto. Now is the time for Congressional Republicans to decisively end this war,”…