Stablecoin issuer Tether announced that it would move the company and its subsidiaries to El Salvador after it had secured an operating license in the Latin American nation. In a Jan. 13 notice, Tether said it had acquired a license to operate in El Salvador as a digital asset service provider and stablecoin issuer. The company said…
Crypto investors are eying a potential supply shock as Bitcoin reserves sink to a near seven-year low amid continued institutional buying. Bitcoin reserves across all cryptocurrency exchanges fell to 2.35 million BTC as of Jan. 13, which marked a near seven-year low not seen since June 2018, when Bitcoin was trading just above $7,000, CryptoQuant…
Asset manager BlackRock is launching a new Bitcoin exchange-traded fund (ETF) on Cboe Canada, the Canadian securities exchange said on Jan. 13. The ETF is designed to give Canadian investors access to BlackRock’s flagship US spot Bitcoin fund, iShares Bitcoin Trust (IBIT). It will invest “all or substantially all of its assets” in IBIT, Cboe Canada said….