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The deal comes as Bitcoin ETF applications in the U.S. are seemingly inching closer toward regulatory approval. European digital asset management firm CoinShares secured the exclusive option to acquire the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments, including the Valkyrie Bitcoin Fund that’s awaiting approval in the U.S. CoinShares said on Nov. 17 that the move helps it expand to the U.S., which could soon become the epicenter for ETF offerings. The firm’s CEO Jean-Marie Mognetti added he hopes the Valkyrie acquisition will help it capitalize on what is currently a fragmented global ETF market. “The establishment of crypto spot ETPs in Europe since 2015, a development about to be mirrored in the U.S., is the perfect illustration,” said Mognetti. “This disparity in market evolution presents both challenges and significant opportunities.” Exciting update! @CoinSharesCo secures an option to acquire @ValkyrieFunds, uniting our strengths to creat...

The BRICS alliance inducted six new countries into the bloc during the 15th summit in Johannesburg in August this year. Five out of the six countries are leading oil-producing nations that export millions of barrels across the world. Saudi Arabia, the UAE, Egypt, Iran, and Ethiopia are the five oil-exporting countries to join BRICS in 2024. Argentina is the only nation that does not produce oil but allows multinational corporations to initiate local currencies for cross-border transactions. Also Read: BRICS : China Dumps Another $22 Billion in US Treasuries & Stocks The Kingdom of Saudi Arabia announced recently that they are open to accepting local currencies for oil trade. The move is so significant that it could change the direction of the oil economy putting the US dollar in the back seat. BRICS members India and the UAE have already initiated and settled oil trade in local currency by paying the Dirhams. So what could happen if BRICS asks the US and Europe to settle...

In an Oct. 18 report from Chainalysis, Central, Northern and Western Europe were said to account for 17.6% of global transaction volume between July 2022 and June 2023. The only cryptocurrency economy that is said to be larger is North America. The UK takes the lead As part of growing trends for crypto adoption in the United Kingdom (UK), the report notes that the country has ranked third in the world for transaction volume, with an estimated $252.1 billion received in the past year. This makes the UK a leader in the region, trailing behind the United States and India for the first and second spots. DeFi services were reported to be responsible for most of the cryptocurrency value in the region, making up 54.8% of the total. Cryptocurrency value received  | Source: Chainalysis Following the UK, other major crypto economies include Germany at $120 billion and Spain at $110 billion. Making regulation clear The report comes just after several announcements of new regul...