Bitcoin, priced at $46,288, failed to break out of its established range on the day the United States approved its first spot Bitcoin exchange-traded fund (ETF). Despite the price targets for the day focusing on $48,000, Bitcoin remained below this figure. However, exchange statistics reveal that traders and miners were not taking any chances.According to […]
The Securities and Exchange Commission (SEC) has made a landmark decision by approving the listing and trading of Bitcoin spot exchange-traded products (ETPs) and designating Bitcoin and Ripple’s XRP as commodities. This significant regulatory milestone could potentially lead to unprecedented market highs for these digital assets.The SEC’s change in stance comes after it previously rejected […]
The decline of Credit Suisse last year has significantly altered the Swiss banking industry, particularly in the corporate customer business where substantial adjustments are anticipated, according to the latest EY Banking Barometer.The restructuring of the Swiss banking landscape following the takeover of Credit Suisse by UBS is expected to have long-term effects. The EY Banking […]
BlackRock, the world’s largest asset manager, along with 13 other institutional giants, has received approval from the United States Securities and Exchange Commission (SEC) to launch the first spot Bitcoin exchange-traded funds (ETF) in the United States. The launch took place on January 10, marking BlackRock’s entry into the spot Bitcoin ETF race. This move […]
Swiss banking giant UBS is looking to sell the Chinese securities business of Credit Suisse, but few potential buyers are showing interest. Amid geopolitical tensions and increasing regulatory challenges, international banks in China are facing difficult conditions. UBS, which has been building an investment banking business in China for nearly two decades, is now trying […]
The cryptocurrency landscape is abuzz following the recent approval of 11 spot Bitcoin ETFs on January 10, 2024. This development has sparked anticipation for a likely approval of Ethereum’s spot ETFs later this year. Analysts, including Bloomberg ETF analyst Eric Balchunas, are optimistic about Ethereum’s prospects, estimating a 70% likelihood of approval by May.Bitcoin ETFs […]
Polygon Labs has launched the Libre Chain, a protocol powered by the Polygon CDK and supported by major players in institutional blockchain adoption. The Libre Chain aims to provide unparalleled access to global alternative investment funds and enhance distribution capabilities for asset managers.The Libre Chain was introduced in a post by Polygon on the 10th […]
The crypto space marked a historic moment with the approval of 11 spot Bitcoin Exchange-Traded Funds (ETFs), a development eagerly anticipated since the Winklevoss twins filed for the first proposed Bitcoin ETF back on July 1, 2013. This event coincides with the 15th anniversary of Hal Finney’s tweet “Running Bitcoin,” marking a symbolic milestone in […]
The United States Securities and Exchange Commission (SEC) recently gave the green light to several fund managers to list spot Bitcoin exchange-traded funds (ETFs). Despite this landmark approval, SEC Commissioner Mark Uyeda expressed “strong concerns” about three aspects of the approval order.Although Uyeda voted in favor of the Bitcoin ETF applications, he criticized the Commission’s […]
The Ethereum Dencun network upgrade is set to be activated on the Goerli testnet on January 17. This upgrade is significant for the Ethereum chain, marking one of the most crucial developments since the Merge. The Dencun upgrade is known for the introduction of data blobs through the EIP-4844 or the protodanksharding upgrade.Ethereum Improvement Proposals […]
