Blackrock CEO Larry Fink has expressed his belief in the potential of an Ethereum exchange-traded fund (ETF), stating that he “sees value” in such a product. This comes after Blackrock, along with other financial institutions like Fidelity and VanEck, have filed for spot Ethereum ETFs. The U.S. Securities and Exchange Commission (SEC) is expected to […]
The approval process for an Ethereum Exchange-Traded Fund (ETF) appears uncertain, especially when compared to the recent launch of a Bitcoin ETF. The Bitcoin ETF launch was not without its challenges, including debates and lawsuits, but the Security and Exchange Commission (SEC) Chair, Gary Gensler, has always referred to Bitcoin as a commodity.However, Gensler’s stance […]
The Hedera Global Governing Council has approved the allocation of 4.86 billion Hedera, the network’s native cryptocurrency, for advancements in decentralized governance and development. The majority of these funds, amounting to 4.248 billion HBAR, will be received by the HBAR Foundation, the Hashgraph Association, and the DLT Science Foundation, as per a blog post by […]
MicroStrategy’s co-founder, Micheal Saylor, appears to be formulating his own ‘Bitcoin Strategy’. A recent report indicates that Saylor has started to liquidate some of his company’s stocks with the intention of acquiring more of the leading cryptocurrency, Bitcoin.In a Bloomberg report, it was revealed that Saylor sold between 3,882 and 5,000 MicroStrategy shares on certain […]
Ethereum (ETH) has seen a significant increase of 11.4%, with whales in the crypto ecosystem playing a major role in this change. Data from the crypto analytics platform Lookonchain reveals that a whale with the wallet address “0xAA15” withdrew a total of 5,762 ETH, equivalent to approximately $15.06 million, from Binance. This whale has purchased […]
In a significant move, India has imposed a ban on foreign cryptocurrency exchanges, effectively blocking their operations within the country. This decision has led to a surge in the use of local exchanges by Indian crypto enthusiasts.The ban has been implemented by restricting access to the websites of these foreign platforms. Additionally, the downloading of […]
CoinShares, a leading European crypto investment firm, has announced its decision to acquire Valkyrie Funds, a US-based competitor. This move comes shortly after the US Securities and Exchange Commission approved Valkyrie Fund’s application for a spot in Bitcoin ETF, along with ten other issuers, on January 10. The approved ETF, known as Valkyrie Bitcoin Fund […]
CoinShares, a leading European crypto investment firm, has announced its decision to acquire Valkyrie Funds, a US-based competitor. This move follows the recent approval of Valkyrie Fund’s application for a spot in Bitcoin ETF by the US Securities and Exchange Commission. The approved ETF, known as Valkyrie Bitcoin Fund (BRRR), began trading on Nasdaq a […]
The Commodity Futures Trading Commission (CFTC) recently highlighted a significant issue within DeFi systems, namely the lack of clear responsibility and accountability. The report stressed the considerable risks that DeFi systems present to consumers, investors, financial stability, market integrity, and the fight against illicit finance. The main concern is the absence of a robust mechanism […]
BlackRock CEO Larry Fink has expressed optimism for a spot Ethereum exchange-traded fund (ETF) following the successful launch of the company’s Bitcoin ETF product, IBIT. The Bitcoin ETF garnered over $1 billion in trading volume on its first day. Fink’s comments come as BlackRock filed for a spot Ethereum ETF in November 2022, with speculation […]
