Financial services provider for Bitcoin holders Unchained has revealed that the company raised $60 million in a Series B funding round. The funds will be used to grow Unchained’s customer base and enhance its financial service offerings. Valor Equity Partners led the funding round, with contributions from existing investors such as Trammell Venture Partners, NYDIG, Highland Capital Partners, and Ecliptic Capital. The firm’s innovative custody model leverages Bitcoin’s inherent multisignature features to deliver self-custody advantages while reducing related risks. This approach enables...…Financial services provider for Bitcoin holders Unchained has revealed that the company raised $60 million in a Series B funding round. The funds will be used to grow Unchained’s customer base and enhance its financial service offerings. Valor Equity Partners led the funding round, with contributions from existing investors such as Trammell Venture Partners, NYDIG, Highland Capital Partners, and Ecliptic Capital. The firm’s innovative custody model leverages Bitcoin’s inherent multisignature features to deliver self-custody advantages while reducing related risks. This approach enables...WW…

According to a statement released by LCH, the clearinghouse arm of the London Stock Exchange Group, it will provide clearing services for cash-settled Bitcoin index futures and options. LCH stated that LCH DigitalAssetClear, the company’s French division, will finalize trades made on the UK-licensed GFO-X digital asset exchange. Head of LCH DigitalAssetClear Frank Soussan stated that Bitcoin index futures and options are quickly becoming more common due to demand. According to Soussan, institutional market participants are especially becoming more interested in gaining access to a...…According to a statement released by LCH, the clearinghouse arm of the London Stock Exchange Group, it will provide clearing services for cash-settled Bitcoin index futures and options. LCH stated that LCH DigitalAssetClear, the company’s French division, will finalize trades made on the UK-licensed GFO-X digital asset exchange. Head of LCH DigitalAssetClear Frank Soussan stated that Bitcoin index futures and options are quickly becoming more common due to demand. According to Soussan, institutional market participants are especially becoming more interested in gaining access to a...WW…

In addition to purchasing an additional 6,455 BTC, MicroStrategy has revealed that it has repaid a $205 million Bitcoin-collateralized loan in full at a 22% discount for $160 million, bringing their total holdings to 138,955 BTC. Chairman Michael Saylor tweeted that the Bitcoin was purchased for an average price of $28,817 each. The loan was made through the failed Silvergate Bank, which accounts for the significant discount on the debt that MicroStrategy paid off. The largest public corporation holdings of Bitcoin is still held by MicroStrategy, with Marathon in second place. ...…In addition to purchasing an additional 6,455 BTC, MicroStrategy has revealed that it has repaid a $205 million Bitcoin-collateralized loan in full at a 22% discount for $160 million, bringing their total holdings to 138,955 BTC. Chairman Michael Saylor tweeted that the Bitcoin was purchased for an average price of $28,817 each. The loan was made through the failed Silvergate Bank, which accounts for the significant discount on the debt that MicroStrategy paid off. The largest public corporation holdings of Bitcoin is still held by MicroStrategy, with Marathon in second place. ...WW…

A court document states that on March 14th, 2023, the U.S. government sold 9,861.1707894 Bitcoin for a sum of $215,738,154.98. After transaction costs, the government received a profit of $215,522,416.83. The government also disclosed that there are still about 41,490.72 Bitcoin left to be sold, which they intend to sell over the course of this year in four additional batches. The government has previously sold Bitcoin through auctions, but will instead sell it directly on the open market. A darknet marketplace called The Silk Road was used for trading drugs as well as other services....…A court document states that on March 14th, 2023, the U.S. government sold 9,861.1707894 Bitcoin for a sum of $215,738,154.98. After transaction costs, the government received a profit of $215,522,416.83. The government also disclosed that there are still about 41,490.72 Bitcoin left to be sold, which they intend to sell over the course of this year in four additional batches. The government has previously sold Bitcoin through auctions, but will instead sell it directly on the open market. A darknet marketplace called The Silk Road was used for trading drugs as well as other services....WW…