CoinShares: Bitcoin-based stablecoins are coming
CoinShares analysts believe that 2024 will be a “pivotal” year for Bitcoin in the stablecoin space, with a successful project even rivaling the “speed and cost” of modern stablecoins.
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CoinShares analysts believe that 2024 will be a “pivotal” year for Bitcoin in the stablecoin space, with a successful project even rivaling the “speed and cost” of modern stablecoins.
The firm's book-making took a huge hit after being exposed to the TerraUSD collapse.
Industry data shows that bitcoin investment funds are seeing positive inflows, while ethereum outflows continue.
The new Algorand ETP joins a family of CoinShares’s staked ETPs featuring cryptocurrencies DOT, XTZ, ADA, SOL, ATOM and MATIC.
Demirors however said she certainly expects “more pain ahead” for tech stocks and crypto as we head closer to recession.
CoinShares previously agreed to acquire the entire issued share capital in Napoleon Crypto SAS for $14.5 million in November 2021.
CoinShares CSO Meltem Demirors finds crypto infrastructure and developer tools more interesting than Web3 and the money aspect of crypto during the current bear market.
Bitcoin investment funds are seeing positive inflows while Ether funds continue to be drained, according to industry data.
The company's board of directors unanimously approved the deal on Monday but added it was still "subject to the approval of Twitter stockholders."
Binance is among 18 co-investors in Elon Musk's Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company.