Winklevoss Capital, the investment firm led by Cameron and Tyler Winklevoss, co-founders of the cryptocurrency exchange Gemini, has committed a $4.5 million investment of bitcoin to the Real Bedford Football Club (RBFC). This investment is now the largest ever made in a non-professional league football club in the United Kingdom. New Co-Owners at RBFC Following the investment, the Winklevoss twins will join RBFC’s existing owner, Peter McCormack, as co-owners. McCormack, known as the host of the “What Bitcoin Did” podcast, described the investment as a testament to shared values of vision and conviction. McCormack praised the Winklevoss twins for their
Hut 8, one of the leaders in Bitcoin mining in the United States, has reported significant interest from major banks. These financial institutions are looking to purchase bitcoin directly from miners. This is a direct consequence of the growing interest in Bitcoin spot Exchange-Traded Funds (ETFs), which have amassed an investment inflow exceeding $12 billion since their inauguration on January 11. Record Investment Inflows The launch of Bitcoin spot ETFs on Wall Street has attracted over $12 billion in investments in less than three months. This massive influx has translated into more than 211,000 bitcoins being converted into shares. Such
The financial world is facing a paradox that many feel mirrors the 2008 crisis, where the once unassailable U.S. Treasuries, traditionally seen as the epitome of safety, are now perceived as potential liabilities. This profound change in perspective is evidenced by the International Swaps and Derivatives Association’s (ISDA) recent correspondence with key U.S. financial regulators, underscoring a deepening concern within the banking sector about the true risk of U.S. Treasuries. On March 5, 2024, the ISDA’s requested to exclude U.S. Treasuries from the supplementary leverage ratio (SLR) calculations reveals an uncomfortable truth. Banks, once reliant on these instruments for their
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