Bitfinity, a UK-based blockchain startup, has successfully raised $7 million in funding. The investment was received in two parts, with $1 million in 2021 and a recent round of $6 million, which has brought the company’s valuation to $130 million. The funding round was led by Polychain Capital and ParaFi Capital, with participation from Warburg […]
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), has acknowledged the significance of Grayscale’s court victory in the approval of spot Bitcoin exchange-traded funds (ETFs). Despite the SEC’s history of denying similar applications since 2013, Gensler revealed in an interview with CNBC’s Squawk Box that the court’s decision in favor of Grayscale […]
BlackRock CEO Larry Fink has expressed his belief in the value of an Ethereum exchange-traded fund (ETF), sparking speculation that a spot ETH ETF could be the next to trade following the successful launch of spot Bitcoin ETFs. Fink shared his views during an interview on CNBC.Following the approval of a spot Bitcoin ETF, traders […]
The U.S. Securities and Exchange Commission (SEC) recently approved the first spot-based Bitcoin Exchange-Traded Funds (ETFs), marking a significant milestone in the cryptocurrency industry. The approval came after a decade-long wait since the first application by the Winklevoss twins. The anticipation was high, and the first trading day did not disappoint, with fund shares worth […]
The total number of XRP tokens burned recently reached a significant milestone, raising questions about the potential impact of these burns on the value of the circulating XRP tokens. Ripple’s CTO, David Schwartz, has commented on this issue, discussing whether XRP burns could influence the token’s value.According to data from the XRP Scan, just over […]
Vanguard Group, a prominent American investment management company, is currently under fire for reportedly denying customers’ requests to access and trade Spot Bitcoin ETFs on its platform. This decision has led to a mass exodus of customers, with many choosing to withdraw their funds and close their accounts permanently.The recent approval of Spot Bitcoin ETFs […]
Larry Fink, the CEO of BlackRock, has shown a strong interest in Ethereum-based Exchange Traded Funds (ETFs), indicating a potential strategic shift towards the adoption of blockchain technology. In a recent interview with CNBC, Fink stated, “I see value in having an Ethereum ETF. As I’ve said, these are just ‘stepping stones’ towards tokenization. And […]
Larry Fink, the CEO of BlackRock, has shown a strong interest in Ethereum-based Exchange Traded Funds (ETFs), indicating a potential strategic shift towards the adoption of blockchain technology. In a recent interview with CNBC, Fink stated, “I see value in having an Ethereum ETF. As I’ve said, these are just ‘stepping stones’ towards tokenization. And […]
Larry Fink, the CEO of BlackRock, has compared Bitcoin to gold, following the launch of spot Bitcoin ETFs. Despite this, he predicts a limited future for cryptocurrencies as a form of currency. In a discussion with CNBC about digital assets, ETFs, and tokenization, Fink revealed that BlackRock, the world’s largest asset manager, sees potential in […]
The Shiba Inu network is actively reducing its existing supply of Shiba Inu coins, a move aimed at increasing its market credibility. A recent report from ShibBurn reveals a significant increase in the Shiba Inu burn rate. In the last 24 hours, a total of 18,240,757 $SHIB tokens were burned in 5 transactions, causing the […]
