Day: January 27, 2025

Ripple obtains Money Transmitter Licenses in Texas, New York

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Key Takeaways Ripple has secured Money Transmitter Licenses in New York and Texas, totaling over 50 in the US. Ripple’s payments business processed $70 billion in volume, doubling last year with new North American customers. Share this article Ripple has obtained Money Transmitter Licenses (MTLs) in New York and Texas, strengthening its position in two major US financial hubs with high demand for efficient cross-border payments from both traditional banks and the growing crypto sector, the company shared in a Monday press release. The new licenses bring Ripple’s total US…

Nasdaq Proposes In-Kind Redemptions for BlackRock’s Bitcoin ETF

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Nasdaq has submitted a groundbreaking proposal to the U.S. Securities and Exchange Commission (SEC) that could transform the operational framework of Bitcoin exchange-traded funds (ETFs). The proposal, focused on BlackRock’s iShares Bitcoin Trust (IBIT), seeks to introduce “in-kind” bitcoin redemptions, offering a streamlined and cost-effective alternative to the current cash redemption process. JUST IN: BlackRock files to allow in-kind creations and redemptions for its spot Bitcoin ETF! pic.twitter.com/SSigX4utRG — Bitcoin Magazine (@BitcoinMagazine) January 24, 2025 What Are In-Kind Redemptions? Under the proposed system, institutional players known as authorized participants (APs) – responsible…

MicroStrategy doubles down on Bitcoin, files shelf registration statement for flexible capital raising

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Key Takeaways MicroStrategy filed a shelf registration statement for future Bitcoin purchases and capital needs. The company plans to offer Series A Perpetual Preferred Stock with a $100 per share liquidation preference. Share this article MicroStrategy has filed a shelf registration statement with the SEC to enhance its financial flexibility for future Bitcoin purchases and working capital needs. According to Form S-3 dated January 27, the company plans to offer various securities, including bonds, common stock, preferred stock, warrants, and units, at different times in the future. Shelf registration would…

Tron DAO unveils official research portal on Messari

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Share this article Geneva, Switzerland, January 27, 2025 – TRON DAO has officially announced the launch of the TRON Portal by Messari, making it the third blockchain to join the Messari Portal program. This innovative dashboard is a public resource, providing real-time insights and key metrics on the TRON network, designed for users of all technical backgrounds. The TRON Portal allows users to access a range of key metrics and insights, including: AI-Driven insights and Key Updates section, curating the latest TRON news. Real-time data and detailed analytics on the…

MicroStrategy accumulates additional 10,107 Bitcoin at over $105K per coin

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Key Takeaways MicroStrategy acquired 10,107 Bitcoin for $1.1 billion, averaging $105,596 per coin. The firm’s Bitcoin holdings total 471,107 BTC worth over $46 billion at current prices. Share this article MicroStrategy announced Monday it had acquired 10,107 Bitcoin for $1.1 billion at an average price of $105,596 per coin between January 21 and 26, marking its twelfth consecutive week of Bitcoin purchases. MicroStrategy has acquired 10,107 BTC for ~$1.1 billion at ~$105,596 per bitcoin and has achieved BTC Yield of 2.90% YTD 2025. As of 1/26/2025, we hodl 471,107 $BTC…