Blackrock has responded to the SEC’s comments by making two minor updates to its S1 filing. This follows the SEC’s response to several applicants for a Bitcoin ETF, which included additional comments. The amendments were submitted on the morning of January 9.The changes made to the document are minor, suggesting that this could be the […]
The cryptocurrency landscape has witnessed a significant development with the listing of WisdomTree and VanEck’s Bitcoin ETFs on the Depository Trust & Clearing Corporation (DTCC). This event has sparked speculation about a potential ‘sell the news’ impact, which could see Bitcoin prices fluctuating between $35,000 and $55,000.The U.S. Securities and Exchange Commission’s (SEC) approval of […]
Ripple, a prominent player in the digital financial market, has seen a significant increase in sales during December. The company sold approximately 238 million units of its cryptocurrency, XRP, equivalent to $142 million. This figure is more than three times the company’s average monthly sales, sparking widespread interest and debate about Ripple’s future strategies.The company’s […]
Cryptocurrency wallet firm imToken has been included on the Investor Alert List (IAL) by the Monetary Authority of Singapore (MAS). The IAL is used to caution investors about potentially dubious platforms. In response, imToken announced on X (formerly Twitter) that it was blacklisted in Singapore due to its headquarters being located there, despite not having […]
Altitude, a DeFi lending service, is set to revolutionize the lending market by automating dormant funds in overcollateralized loans to seek additional yield opportunities. The company has successfully completed on-chain testing and is preparing for a closed beta, which will be available to whitelisted addresses. The full launch will follow, with plans to expand to […]
Ripple Labs has become a gold sponsor for the Digital Euro Conference 2024 (#DEC24), as announced by the Digital Euro Association (DEA) via X (formerly Twitter). The DEA expressed its excitement about Ripple’s involvement, stating, “We are happy to have Ripple on board as a gold sponsor for the Digital Euro Conference (#DEC24)! Join us […]
ARK Invest has continued its trend from the previous year of offloading its COIN holdings, with a recent sale of $20.6 million worth of Coinbase (COIN) shares. This sale was conducted across three exchange-traded funds (ETFs), with a total of 133,823 COIN traded. Despite this, the existing weight of Ark’s Coinbase stock remains substantial, valued […]
The conservative private bank Julius Bär and the state-owned Aargauische Kantonalbank (AKB) have both been implicated in risky business dealings with the now bankruptcy-threatened Signa conglomerate. The extent of their involvement has been revealed, with AKB admitting to financing a “troubled department store and real estate investor group” to the tune of 73 million Swiss […]
South Korean crypto exchange, Upbit, has secured a Major Payment Institution (MPI) license for its Singapore branch, Upbit Singapore, from the Monetary Authority of Singapore (MAS). The announcement was made on January 8. With this license, Upbit Singapore joins the ranks of 15 other institutions, including Ripple, Blockchain.com, Paxos, Coinbase, and Revolut, that hold MPI […]
In a surprising turn of events, UBS is set to continue its job cuts at Credit Suisse in 2024, with a reported 35,000 people being cut from the combined workforces. By the third quarter of 2023, only 13,000 of these cuts had been made. The integration process, which is expected to continue until 2026, aims […]
