Search results for Simon Gerovich
Crypto
Bitcoin clears $80,000 after three months as digital asset alliances gather pace
Bitcoin rose above $80,000 for the first time in three months on a weaker dollar, expectations of clearer U.S. digital asset rules and inflows into spot exchange-traded funds. In South Korea, interest is growing over whether renewed debate on a basic digital asset law could lead to institutional changes such as corporate investment and spot ETFs. Financial firms are also accelerating tie-ups spanning banks, brokerages and asset managers.
Crypto
Japan\'s Metaplanet moves 2,400 bitcoin again to Coinbase, CEO says not for sale
Japanese investment firm Metaplanet transferred 2,400 bitcoin worth about $186 million to Coinbase Prime on Aug. 31, local time. The move was the third large transfer in a week, split into six transactions over three hours. Metaplanet also moved 1,000 bitcoin on Aug. 25 and 1,350 on Aug. 28. The CEO denied the transfers were for selling, calling them custody management moves and saying holdings remain 43,000 bitcoin.
Crypto
Metaplanet CEO dismisses selling rumours after $322 million bitcoin transfer
Metaplanet denied rumours it sold bitcoin after moving 5,014 BTC between custody addresses. Cointelegraph reported that CEO Simon Gerovich said the transfer was routine custody operations, that the company did not sell any bitcoin, and that its holdings remained at 43,000 BTC. The transfers occurred over 24 hours from Aug. 12 and were valued at about $322 million, with network fees of about $8.
