BlackRock CEO Larry Fink has recently shown interest in an Ethereum-based Exchange-Traded Fund (ETF), indicating a potential shift in investment strategies. This comes at a time when cryptocurrency markets are gaining mainstream acceptance.Fink’s endorsement of Ethereum underscores its growing prominence in the digital finance arena. As the leader of the world’s largest asset manager, his […]
UBS Group AG has announced its intention to propose Gail Kelly for election to its Board of Directors at the Annual General Meeting, which is scheduled for April 24, 2024. Kelly, a seasoned professional in the financial services industry, boasts over three decades of experience and is expected to bring her extensive leadership skills to […]
South Korea’s Financial Services Commission (FSC) has issued a warning to domestic securities firms brokering overseas-listed Bitcoin spot exchange-traded funds (ETFs), stating that such activities may be in violation of local laws. The notice, issued on January 12, 2024, highlights potential breaches of the Virtual Asset User Protection Act and the Capital Markets Act.The FSC […]
Asset manager Vanguard has made the decision to prevent its customers from purchasing spot Bitcoin ETFs via its platform. This move coincided with the commencement of trading for these ETFs, leading to some customers expressing their intention to leave Vanguard. The upcoming months may see a shift in focus towards Pullix, a new hybrid exchange […]
The U.S. Securities and Exchange Commission (SEC) has filed a motion to compel Ripple Labs to produce financial statements for the years 2022-2023 and post-complaint contracts governing institutional sales of XRP. This move has reignited interest in the ongoing SEC vs. Ripple case among XRP investors. The SEC’s request is part of the remedies-related discovery […]
Do Kwon, the former CEO of Terra, has formally requested a delay in his trial in the United States through a letter to Judge Jed S. Rakoff. The trial, which is in response to charges brought by the US Securities and Exchange Commission (SEC), is potentially facing a delay due to slower extradition proceedings from […]
The first spot Bitcoin exchange-traded funds (ETF) in the United States has been approved, paving the way for billions of dollars in institutional money to enter the market. On the first day of trading in January 2024, the total volume across ten spot Bitcoin ETFs reached over $4.5 billion. Grayscale Investments’ Bitcoin ETF alone handled […]
In a historic week for the cryptocurrency market, the US Securities and Exchange Commission (SEC) approved all eleven spot Bitcoin exchange-traded funds (ETF) applications. This approval allows institutional investors to directly participate in the cryptocurrency market through exchange-traded funds, providing a more regulated and accessible avenue for Bitcoin investment. Despite this, Bitcoin’s price has yet […]
Bitfinity, a leading blockchain technology firm, has successfully secured $7 million in a funding round. The round was led by notable investors such as Polychain Capital and ParaFi Capital. The company is pioneering the development of a sidechain that will connect the Virtual Machine (EVM) with the Internet Computer Protocol (ICP). This integration aims to […]
Bitcoin ETFs experienced a rocky start after their approval by the U.S. Securities and Exchange Commission (SEC), launching on the U.S. market with price setbacks. Despite official approval, trading is not open to all investors.Last Wednesday, for the first time in the United States, the SEC approved investors to actively trade the new Bitcoin Spot […]
