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Stella Rose

Coinbase: NBA’s First Cryptocurrency Sponsor

The NBA is gearing up for its 75th anniversary on Tuesday. But it has also strengthened its position in the coinbase market. The NBA signed its first bitcoin sponsorship contract with Coinbase, a publicly traded cryptocurrency exchange. The deal includes…

Bitcoin: First Futures Exchange-traded Fund

This week saw the introduction of the first US bitcoin futures exchange-traded fund, and another on Friday. Instead of bitcoin, these funds invest in futures contracts, which are agreements to acquire or sell the commodity at a later date. The…

Bitcoin futures Investing in ETFs may be Pricey

Last week, the first U.S. bitcoin futures exchange-traded fund was launched. Traders hurried in. When the ProShares Bitcoin Strategy ETF (BITO) launched on October 19, it had the second-largest trading debut ever. Its stock price surged 4%. The Valkyrie Bitcoin…

Bitcoin First Futures ETF Gains Over 4% on NYSE

The first bitcoin-linked exchange-traded fund in the US surged Tuesday. The ProShares Bitcoin Strategy ETF (BITO) rose 4.8% to $41.94. The fund monitors CME bitcoin futures, rather than the cryptocurrency itself. That implies the ETF’s price and performance may differ…

Bitcoin Mining: US Currently Beats China

After Beijing’s crypto crackdown in September, the US became the largest site for bitcoin mining, according to data released last week by the Cambridge Centre for Alternative Finance. Two years ago, China accounted for 75% of total bitcoin hashrate, while…

DeFi Bug Gives $90 Million; Founder Urges Return It

Following a disastrous upgrade, users of the popular decentralized finance staking DeFi Compound have received approximately $90.1 million. Now, the entrepreneur is pleading — and threatening — for the restoration of the platform’s crypto tokens. Robert Leshner, founder of Compound…

Crypto Wallets for Robinhood as Bitcoin Increases

A new feature in Robinhood’s crypto expansion allows traders more control over digital assets. Crypto wallets will be tested with select clients next month, the newly public brokerage stated Wednesday. They can trade, give and receive digital currency as well…