Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news.
MicroStrategy’s Bitcoin Advantage
In an interview with Bloomberg, MicroStrategy executive chair and co-founder Michael Saylor emphasized the advantages of investing in his company rather than in a potential Bitcoin exchange-traded fund (ETF) approved by the US Securities and Exchange Commission (SEC). Saylor highlighted the benefits of intelligent leverage, stating, “We provide you leverage, but we don’t charge a fee. We offer a high-performance vehicle for people that are Bitcoin long investors.”
“The ETFs are unlevered and they charge a fee,” Saylor said. “We can take advantage of intelligent leverage. We can borrow money at zero percent interest for many many years, and we did that with the convert, and we can use that to buy Bitcoin.”
With the potential approval of Bitcoin spot ETFs by mid-January, analysts predict a significant increase in investor interest. However, MicroStrategy differentiates itself by offering leverage without charging fees, allowing investors to maximize their exposure to Bitcoin’s performance. As of November 30, MicroStrategy held approximately $6.5 billion in BTC.
WisdomTree’s Total Return Fund Launch
Asset manager WisdomTree recently announced the launch of the WisdomTree Bianco Total Return Fund (WTBN) on the NASDAQ. The fund aims to track the price and yield performance of the Bianco Research Fixed Income Total Return Index, developed by Bianco Research LLC. The index employs a multi-step rules-based process to outperform a market-cap-weighted universe of USD-denominated debt, utilizing factors historically recognized to drive fixed income performance.
“As a passively managed fund of funds, WTBN utilizes a market-efficient strategy based on macro and fundamental factors,” the press release stated. “By tilting exposures to select factors and implementing profitable deviations from the benchmark, WTBN aims to provide investors with an attractive total return.”
WTBN’s macro and fundamental factor-based strategy ensures a market-efficient approach to fixed income investing. By deviating from the benchmark and strategically selecting factors, the fund aims to generate a superior total return for investors.
Cardano Foundation’s Blockchain Education Program
In an effort to expand the understanding and adoption of blockchain technologies, the Cardano Foundation announced its collaboration with Brazil’s state-owned energy company, Petrobras. The foundation will provide blockchain education workshops for over 40,000 Petrobras employees, with participants receiving a certificate upon completion.
“The Cardano Academy content will be tailored for use in Petrobras’ employee training programs, enabling participants to explore blockchain’s potential, learn about its various use cases and applications, and engage in interactive quizzes,” stated the press release.
The workshops conducted in the metaverse focused on global and Brazilian regulatory matters, further ensuring participants gain a comprehensive understanding of blockchain’s implications. Participants will also receive NFTs to symbolize their progress and achievements during the program.
Bybit’s AI Trading Tools
Leading cryptocurrency exchange Bybit has introduced a suite of free AI trading tools aimed at revolutionizing the crypto trading experience. Bybit’s Trading Tools category provides an easy onboarding experience, democratizing strategy trading for investors of all levels.
The exchange also offers an intelligent news classification feature, incorporating real-time information from social media and expert opinions. Additionally, Bybit expanded its proof-of-reserves audit to cover 32 cryptocurrencies, ensuring complete transparency and demonstrating that all assets are fully backed by meticulously managed wallets.
