BlackRock, the world’s largest asset manager, is anticipating the approval of its spot Bitcoin ETF application by the United States Securities and Exchange Commission (SEC) as early as Wednesday. This comes as the SEC, stock exchanges, and investment management firms convened on Friday to discuss last-minute wording changes on ETF filings.BlackRock is not alone in […]
Solana (CRYPTO: SOL), often referred to as an ‘Ethereum (CRYPTO: ETH) killer’, has seen its native token, SOL, drop by 12% in the last 24 hours, disrupting its year-end surge. After reaching a high of $126.30 on December 25, SOL has seen a sharp 13% drop within a week.The previous price rally was largely due […]
Despite recent business challenges, UBS is planning to expand its wealth management and fund business in China. The future of the onshore securities business remains uncertain.“China is a key strategic market and a place where we want to do more,” said Eugene Qian, UBS’s China Country Head, in an interview with Bloomberg TV. “In particular, […]
Shiba Inu has recently announced the automation of its SHIB token burns, a move that is expected to result in the burning of over 100 trillion SHIB annually. This equates to approximately 9.25 trillion SHB each month, and by the end of 2024, it is projected that 20% of the overall supply will have been […]
The global financial industry is currently experiencing a significant transformation with the introduction of ISO 20022, an international protocol set to replace the aging SWIFT system. This protocol offers a secure and standardized way for financial organizations to exchange messages, aiming to revolutionize global payments.Cryptocurrencies such as Ripple (XRP), Hedera (HBAR), and Stellar (XLM) are […]
The cryptocurrency market is currently bullish, with some experts predicting that Solana (SOL) could potentially overtake Ethereum (ETH). In the meantime, Galaxy Fox (GFOX), a meme coin on the Ethereum platform, is gaining traction.Despite the recent contraction in Bitcoin (BTC) prices, which has also impacted Shiba Inu (SHIB), Galaxy Fox is moving forward with the […]
The crypto world is on the edge of a potentially historic week, with the United States Securities and Exchange Commission (SEC) expected to approve a spot Bitcoin ETF by Wednesday, January 10. Analysts James Seyffart and Eric Balchunas from Bloomberg have predicted a 90% likelihood of this pivotal decision, highlighting the progressive approach of the […]
Ethereum co-founder Vitalik Buterin has been actively engaging with the crypto community on social media, offering financial advice that has not been well-received by Ethereum investors. On January 7, Buterin responded to a post about billionaires Bill Gates and Warren Buffett, criticizing the advice given and offering his own financial insights.The post that caught Buterin’s […]
Digital Currency Group (DCG) has successfully settled all its short-term loans to Genesis, a crypto lending platform. In a recent announcement, DCG revealed that it repaid a $700 million loan to the crypto broker. The company also stated that it is now current with its financial obligations, having paid over $1 billion to creditors in […]
zkSync Era, a Layer-2 (L2) blockchain, has continued its dominant performance into 2024, processing more transactions than any other Ethereum scaling solution. The zero-knowledge rollup (zk-rollup) has clocked more than 1.5 million daily transactions in the last 24 hours, outperforming traditional powerhouses like Arbitrum and Optimism, which stood at the second and fourth spot, respectively.A […]
