MicroStrategy Does Its Bitcoin Thing Again, Man Group CEO Warns + More News
Last updated:
Ad Disclosure
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read moreGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Investments news
- US-based business intelligence company MicroStrategy bought additional BTC 262 for around USD 10.5m in cash at an average price of USD 57,146 per coin. Per CEO Michael Saylor, as of March 12, the company holds BTC 91,326 (USD 5.25bn) acquired for USD 2.21bn at an average price of USD 24,214 per bitcoin.
Luke Ellis, CEO of Man Group, the world’s biggest publicly traded hedge fund firm, told CNBC that he sees BTC “as a trading instrument, not a thing that you think of as a long term asset allocation play” and warned that companies are not supposed to speculate with their cash balances. As reported, analysts at Man Group said in January that bitcoin (BTC)‘s volatility is simply part of the price discovery in a new asset class, and these are not bubbles.
- Crypto exchange BTSE has raised USD 22m in its Series A investment round which concluded on January 31, achieving a valuation of USD 400m. According to the announcement, the primary investor is “a leading family office based in Hong Kong.” The round, they added, is an important step towards the exchange becoming a bridge between traditional finance and the digital assets world.
- Crypto venture capital firm Pluto Digital Assets has raised a USD 40m fund with UK-listed Argo Blockchain as its lead investor. Per the press release, this was Pluto’s third and largest round to date, while Argo will be maintaining their 25% stake with an investment of 10m. There was also continued investment by Pires Investments Plc and Riverfort Global Opportunities Plc amongst others. The company has surpassed USD 50m total assets under management (AUM) within 50 days of being established, it said.
- International investment giant WisdomTree has applied to launch a BTC exchange-traded fund (ETF), filing an S-1 Form with the US Securities and Exchange Commission (SEC). It plans to list the shares of the ETF on Cboe BZX Exchange, traded under the ticker symbol ‘BTCW’.
Blockchain news
- The Chinese government has made mention of blockchain technology in its latest five-year plan, a further indication of how seriously it is now invested in the sector. A number of provinces have already made mention of the technology in their own three- and five-year plans, but no central government plan of this scale had previously made mention of it. Per the South China Morning Post, Beijing also made mention of the technology in its Vision 2035 development strategy. A cryptology expert and founding partner at Shanghai Hashvalue Information Technology opined in the same article that the move “will do good for the development of both the industry and professionals, and […] will grow the digital economy.”
Mining news
- Bitcoin mining company Blockcap and a wholly-owned subsidiary of Digital Currency Group (DCG) focused on digital asset mining and staking Foundry Digital LLC have announced that Blockcap is now mining BTC on Foundry USA Pool with approximately 10,000 latest generation mining machines generating over 0.91 exahashes of computing power. Foundry USA Pool also said that it is now open to all institutional businesses willing to mine bitcoin or bitcoin cash (BCH).
Adoption news
- Japan-based financial services company SBI Holdings said it will give its shareholders the option to receive the XRP token as a benefit for the second year in a row. Per the announcement, shareholders with 100 or more shares will receive XRP worth JPY 2,500 (USD 23) as a way of thanking them for their support. The amount of XRP given will be determined on June 30, and shareholders will have until May 31 to apply for the benefit.
CBDCs news
- Jamaica is planning to launch a central bank digital currency (CBDC) in 2022. Minister of Finance, Nigel Clarke, announced in the annual National Budget Debate address on March 9 that the CBDC will be piloted in December this year ahead of its launch next year. Clarke stressed that a CBDC issued and backed by the central Bank of Jamaica is not a cryptocurrency.
- More major South Korean commercial banks are set to begin developing central bank digital currency-related solutions, per Money Today. As previously reported, Shinhan earlier this week unveiled a pilot for a digital platform co-developed with LG CNS. The platfom, said its masterminds, will be capable of distributing and acting as a wallet repository for the digital KRW, which is still in the development phase. The report’s authors claim that Kookmin Bank is also developing an e-pay platform, also with LG CNS, which will boast digital currency-related capabilities. Rivals KEB Hana and Woori are said to be considering similar moves.
NFTs news
- The Japanese blockchain game maker double jump.tokyo, the developer of titles such as My Crypto Heroes, said it has teamed up with fellow blockchain gaming firm CryptoGames and the app developer SmartApp to form a non-fungible token (NFT)-related partnership. In a press release, the three Tokyo-based firms said they intended to co-launch a platform that would allow gaming firms to mint and issue their own NFTs, and called it a one-stop commercialization solution for the token class. CryptoGames is the developer of the CryptoSpells title.
Stablecoins news
- Tether (USDT) has announced its expansion to an eighth blockchain – Solana (SOL). With this integration, USDT holders can exchange it at speeds greater than 50,000 transactions per second and for as little as USD 0.00001 per transaction, the announcement said, adding that this will facilitate the development of high-speed, low-cost applications, including those in the decentralised finance (DeFi) space. Tether is already live on Ethereum (ETH), Algorand (ALGO), Bitcoin Cash (BCH), EOS, Liquid Network, Omni, and Tron (TRX).
Tokenization news
- Technology firm tZERO announced that its subsidiary, registered broker-dealer tZERO ATS, which operates an alternative trading system (ATS), has signed an agreement with Realio, a technology ecosystem for institutional-grade digital assets. According to the press release, the partnership will connect Realio’s global network of real estate and private equity issuers, with an existing pipeline of over USD 300m in assets to be tokenized, to the tZERO ATS, thus enabling issuers to elect to provide secondary trading for their digital securities.
Legal news
- A person in Romania has been apprehended under suspicion that they stole USD 620,000 in cryptocurrency from an unnamed company in the Cayman Islands. According to the press release, the defendant launched a cyberattack in late January on this company, described as “the seventh-largest cryptocurrency operator in the world,” then transferred the crypto to several people who paid him in fiat. He’s been charged with hacking, IT fraud, and money laundering.
- How Tether Co-Founder William Quigley Views Crypto Regulations in Trump’s Second Term
- Trump Appoints PayPal Veteran David Sacks as ‘White House AI and Crypto Czar’
- Trump Media and Technology Group Files for ETFs, SMAs
- Trader Explains Why XRP Could Skyrocket to $100 After Tristan Tate X Post
- Bitwise’s Matt Hougan Makes Big Prediction on Bitcoin’s Next Bear Market
Recommended Articles

Judge Rejects Coinbase’s Defense, Allowing Investor Lawsuit to Proceed in New York
2025-02-08 09:39:43

Florida Senator Proposes State Investment in Bitcoin to Hedge Against Inflation
2025-02-08 09:43:01

Kanye West Says He Rejected $2 Million Offer to Promote Alleged Crypto Scam
2025-02-08 09:46:28

Donald Trump’s World Liberty Financial Set to Create Strategic Crypto Reserve: Report
2025-02-07 23:19:22

From $10K to $75K: How Dave Portnoy Pumped and Dumped Meme Coins on His Followers
2025-02-07 23:50:53

Bitcoin Network Activity Drops 15%, Hits Lowest Level in a Year
2025-02-07 20:49:35

Maryland Joins States Proposing Strategic Bitcoin Reserve
2025-02-07 21:47:07
More Articles
Authors List
+ 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors