BTC Trunk

2024-04-28 13:28:01 Crypto Goes Mainstream: Over Half of Canadian Institutional Investors Embrace Digital Assets in 2023

In a groundbreaking shift, a recent survey reveals that 50% of Canadian institutional investors are now actively offering crypto asset products to their clients. This marks a significant 9% increase from just two years ago.

The biannual study, conducted by KPMG Canada and CAASA, highlights that nearly 40% of institutional investors now have some form of exposure to digital currencies, up from around 30% in 2021.

Among the preferred investment vehicles, ETFs and regulated products take the lead, with half of the surveyed investors opting for these options. Additionally, crypto-related public equities have gained traction, attracting 58% of respondents compared to a modest 36% in the previous year.

While venture capital and hedge funds saw a slight dip in interest, with only a quarter investing as limited partners, Kunal Bhasin from KPMG suggests that the industry's resilience after the FTX collapse and the allure of crypto as an inflation hedge played key roles in this evolving landscape.

Kareem Sadek, also from KPMG, emphasizes that Canada's progressive approach to approving bitcoin and ethereum ETFs and enabling advanced strategies like Ethereum staking has been instrumental in attracting institutional players.

As for portfolio allocation, an impressive third of those surveyed have committed 10% or more to digital assets. This is a substantial leap from a mere 5% in 2021. The growing maturity of the market and improved custody solutions are cited as major factors driving this increased confidence.

With crypto assets gaining recognition as an alternative asset class, it seems that Canadian institutions are increasingly embracing the potential of digital currencies as they navigate an ever-evolving financial landscape. Open / Comment

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2024-04-25 17:37:30 Thai SEC Takes Action: Unauthorized Digital Asset Platforms Under Scrutiny

In a significant move, the Thailand Securities and Exchange Commission (SEC) has shifted gears, moving away from lawsuits and towards collaboration with the government. The aim? To block access to unauthorized digital asset service providers that may be facilitating criminal activities.

The Ministry of Digital Economy and Society has called upon the SEC to share crucial information on these platforms. By doing so, they hope to bolster law enforcement efforts and safeguard users from potential harm.

This isn't just a simple handover, though. The SEC must also navigate the legal landscape by filing a petition with the court. They're keenly aware of the need to balance their actions with the impact on users who may rely on these services.

While this new approach marks a departure from previous tactics, it's clear that the SEC is determined to protect investors. They've issued a stern warning about the risks associated with dealing with unlicensed operators, emphasizing scams and money laundering as potential pitfalls.

To stay on the safe side, investors are urged to consult the SEC's database of authorized operators. Caution is key in this rapidly evolving digital asset landscape – better safe than sorry!

Remember: when it comes to your investments, knowledge is power – and protection. Open / Comment

2024-04-25 15:05:35 PORTAL seems to be cooking up some new things with their new launchpad

The debut token on the Portal Launchpad is $SOMO (https://twitter.com/playsomo) and those who stake $PORTAL will be able to receive a guaranteed allocation for the $SOMO sale which is happening on Thursday, 25th April at 11 am EST and I’m expecting this to skyrocket

Within the niche of Web3 gaming, we’ve seen many successful launches recently such as My Pet Hooligan’s $KARAT – $SOMO could be next. SOMO will quite literally be the Pokemon Go of Web3 and is also a playable 3D game

$SOMO seems to be the next big cook following after $PORTAL’s success, hitting a 3bn FDV and it was the biggest Binance Launchpool launch in history. I would really recommend picking up some $PORTAL and staking via their launchpad for the $SOMO sale https://launchpad.portalgaming.com

Wallets will be able to purchase up to 1 ETH of $SOMO and to balance the demand against the available allocation – there will be a weighted raffle to give everyone a fair chance. Your chances in the raffle are dictated by your ticket size and how early within the 24 hours you purchase.
The earlier you purchase and the bigger your ticket, the more $SOMO you’re likely to receive. The current presale price terms seem very fair considering other rounds available like Pixelmon’s $MON and Revolving Games’ $RCADE.

Portal Twitter: https://twitter.com/Portalcoin
SOMO Twitter: https://twitter.com/playsomo Open / Comment

2024-04-23 14:02:59 No attracting altcoins on the horizon. However…

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2024-04-22 19:12:01 Solana Developers Deploy Fixes to Mainnet to Address Network Congestion

Anza Collective Releases v1.17.31 Update, Majority of Validators Upgrade

The Solana blockchain is taking action against network congestion with the release of v1.17.31 by the Anza developer collective. This update comes highly recommended for all users, and an impressive 90% of validators have already made the switch.

Modifications for "Super-Low Stake" Validators and QUIC Protocol

The new software tackles congestion by making adjustments to how it handles "super-low stake" validators and addresses issues related to the QUIC transport protocol. Early results are promising, but further patches may be delayed, according to Anza's Rex St. John.

Meme Coin Surge Keeps Solana Network Congested

Solana's network has been struggling with congestion for over a month now, with a staggering 70% of non-voting transactions failing, mainly due to the surge in meme coin activity. However, hope is on the horizon.

Next Update: v1.18 Introduces Transaction Scheduler

The upcoming v1.18 update aims to improve transaction management with a new scheduler, offering better handling of bulk transactions. Each validator will have the choice to enable or disable this feature based on their preferences.

Devnet Downtime Raises Questions

While progress is being made, Solana's devnet encountered some downtime during testing of v1.18. The cause remains undisclosed, leaving developers and users curious about its relation to congestion-fighting efforts.

As Solana developers work diligently to address network congestion, users eagerly await smoother operations and improved transaction success rates. Open / Comment

2024-04-19 18:32:00 Prisoner's Perfidy: Funeral Leave Turns into Cryptocurrency Heist!

A shocking twist in the world of crypto transactions unfolded in South Korea as an inmate, temporarily released to mourn a loved one, cunningly robbed a buyer of a whopping $363,000. Seoul police have managed to recover most of the stolen funds, but the investigation is far from over.

Tempted by an offer too good to refuse, the victim fell into the trap set by this audacious prisoner. The allure of acquiring digital assets at a bargain price proved too strong. Little did they know that behind this enticing deal lurked a felon on funeral leave, with a sinister plan up his sleeve.

Gangnam, known for its glitz and glamour, witnessed an unexpected clash between a blunt weapon-wielding criminal and an unsuspecting buyer. As chaos ensued, the thief swiftly grabbed the cash and vanished into thin air. But not for long!

The long arm of the law caught up with both the inmate-turned-robber and his female accomplice. This incident serves as a stark reminder that even in the realm of digital currencies, physical threats can still loom large.

While South Korea has been captivated by the crypto craze in recent times, it's crucial to stay vigilant amidst this financial frenzy. This brazen act joins a growing list of crypto-related thefts, echoing similar incidents across international borders.

As we navigate the ever-evolving landscape of digital finance, let's remember that caution is key – whether it's online or during an unexpected face-to-face encounter. Open / Comment

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2024-04-16 18:05:36 Winklevoss Twins Score Big: Investing in Crypto Podcaster's Football Dream!

The Winklevoss twins, known for their early Bitcoin success, are now making headlines in the football world. With a whopping $4.5 million investment, Winklevoss Capital is joining forces with crypto enthusiast and podcaster Peter McCormack to take on the beautiful game.

Real Bedford FC, a plucky non-league club from the UK, is the lucky recipient of this game-changing partnership. The twins' involvement as co-owners signals their unwavering faith in both McCormack's vision and the power of Bitcoin.

Real Bedford has already shown its mettle, clinching a league and cup double in its debut season and securing promotion to the prestigious Spartan South Midlands Premier League. But this isn't just about football; it's about turning dreams into reality.

"Peter's drive and community-building prowess have captivated us," says Cameron Winklevoss. This investment isn't just about kicking a ball; it's about backing an underdog with big ambitions.

Football and crypto are becoming fast friends. From Paris Saint-Germain to FC Bayern Munich, clubs are embracing blockchain technology and partnering with crypto platforms to engage fans like never before. It seems that the beautiful game is finding new ways to score both on and off the pitch! Open / Comment

2024-04-13 14:56:01 Cleanspark Levels Up with 100,000 S21 Pro Miners from Bitmain

Cleanspark (Nasdaq: CLSK) is taking its mining game to the next level! The company proudly announced that it has reached a 17 exahash per second (EH/s) hashrate, thanks to its recent acquisition of 60,000 ASIC rigs. But that's not all!

In a strategic move, Cleanspark has now secured the right to purchase an additional 100,000 S21 Pro Antminers at an unbeatable price of $16 per terahash. This means a massive boost in efficiency, with the S21 Pro known for its impressive 15 J/T rating.

The estimated investment for this upgrade? A cool $374 million. But Cleanspark is confident it's worth every penny, as they expect a solid 17% increase in hashrate, equivalent to an extra 3.4 EH/s compared to their previous models.

"Efficiency is key," says Zach Bradford, the CEO of Cleanspark. With the S21 Pro, they're aiming to be the most efficient publicly traded bitcoin miner in North America, gaining more bitcoins without guzzling extra energy.

Looking ahead, Bradford predicts that the upcoming halving will naturally phase out older, less efficient machines – giving Cleanspark an even bigger slice of the mining pie. Plus, let's not forget that greener mining benefits the entire Bitcoin network!

Exciting times are ahead! The delivery of these shiny new S21 Pros is expected between June and December 2024. Cleanspark is ready to level up and lead the charge in North American mining efficiency. Open / Comment