What happened this week in the world of blockchain and cryptocurrencies? The most relevant local and international events as well as appealing background reports in a concise and compact weekly review.
Selected articles of the week:
Robinhood Markets operates the most popular trading app on the US market. Over 10 million people invest in stocks via the platform. Robinhood wants to expand globally by acquiring one of the oldest crypto exchanges, Bitstamp. The institutional market is particularly exciting. The acquisition is expected to take place in the first half of 2025 at a valuation of 200 million US dollars.
Robinhood Markets has announced an agreement to acquire cryptocurrency exchange Bitstamp. The strategic acquisition aims…
No Ethereum ETF for ARK Invest
In April 2021, Cathie Wood’s investment company ARK Invest announced its first partnership with Europe’s leading issuer of exchange-traded crypto products (ETPs), 21Shares. Wood had previously invested in the Swiss crypto startup and sat on the board of its subsidiary Amun. The two companies were now to jointly launch a spot Bitcoin ETF. ARK Invest primarily contributed the product’s name, which was still infamous before the crash at the end of 2021. Despite a strong start this January, the spot Ethereum ETF will no longer be a joint project.
The Swiss product issuer 21Shares is parting ways with Cathie Wood’s fund company ARK Invest for the upcoming spot Ethereum ETF.
300 million hack
One of Japan’s lesser-known crypto exchanges, DMM Bitcoin, lost 4,500 Bitcoin worth over 300 million US dollars in a hack last week. The exchange described the incident as an “unauthorized leak”. DMM Bitcoin has already taken measures to prevent further unauthorized outflows. The exchange would not share further details of the incident. However, customers are guaranteed the total amount. This is the largest attack on a crypto company since the FTX hack in November 2022.
One of Japan’s lesser known crypto exchanges, DMM Bitcoin, lost 4,500 bitcoins worth over $300…
Mt. Gox transfers 9 billion in Bitcoin
Mt. Gox was a Tokyo-based cryptocurrency exchange that processed more than 70% of all Bitcoin transactions worldwide in its heyday before filing for bankruptcy in 2014 following a massive hack. Customers have been waiting for refunds for over a decade. The time should come soon. Several billion in Bitcoin will be returned to the hands of the victimized users. The market fears a selling wave.
A summarizing review of what has been happening at the crypto markets of the past week. A weekly report in cooperation with Kaiko.
Crypto Valley Visionaries
In addition: The Crypto Valley is celebrating its tenth anniversary. In collaboration with Inacta Ventures, CVJ.CH has published a comprehensive list of visionaries who have made a significant contribution to shaping and developing the blockchain sector in Switzerland and worldwide.
On the occasion of Crypto Valley’s tenth anniversary, Inacta Ventures, in collaboration with CVJ.CH, is…
