In the evolving landscape of post-spot Bitcoin ETF (Exchange Traded Fund), industry players are strategizing to gain a competitive edge. These strategies are either aimed at capturing direct market share or using an indirect approach.Asset manager CoinShares has made a significant move to strengthen its position in the U.S. market by announcing its decision to […]
In a significant development, Genesis, a prominent player in the cryptocurrency industry, has been compelled to forfeit its BitLicense. This drastic measure comes as a result of a lawsuit filed by the New York Department of Financial Services (NYDFS). In addition to relinquishing its BitLicense, Genesis has also been mandated to pay a hefty sum […]
The digital finance landscape is experiencing a potential shift, with Ethereum at the forefront, led by BlackRock, the world’s financial giant. This change, suggested by CEO Larry Fink’s recent comments, could have significant implications for the future of cryptocurrencies and blockchain technology.BLACKROCK CEO SEES ETHEREUM AS “STORE OF VALUE”Fink, a traditionally conservative figure in finance, […]
The XRPL Mainnet has faced several challenges, including issues related to authorized trustlines and a combination of flags when the exchange rate on an offer diverges from the order book rate. These challenges have been classified as core ledger updates. When new features are introduced to the XRPL Mainnet, XLS specifications that involve fundamental changes […]
Bill Morgan, a prominent pro-XRP lawyer, has recently commented on the legal dispute between Ripple Labs and the United States Securities and Exchange Commission (SEC) over XRP’s non-security status. On Thursday, January 11, Morgan used the social media platform X to announce that the battle has concluded.Morgan’s statement was in response to the SEC’s latest […]
Delta Air Lines is facing macroeconomic challenges and labor issues that are impacting its near-term outlook. The Atlanta-based airline recently informed investors that it is now entering a period of optimization after two years of intense restoration. Despite beating expectations in the most recent fourth quarter, Delta has adjusted its full-year earnings per share guidance […]
In a surprising turn of events, two major South Korean financial institutions, Samsung Securities and Mirae Asset Securities, have suspended their brokerage services for specific Bitcoin exchange-traded funds (ETFs). This decision follows a cautionary advisory from the Financial Services Commission (FSC), South Korea’s financial watchdog, which has caused significant disruption in the local cryptocurrency scene.The […]
Despite US sanctions, crypto mixer Tornado Cash has continued its operations, reportedly laundering over $500 million worth of crypto in 2023, according to data provided by blockchain security firm SlowMist. The US imposed sanctions on the crypto mixer in 2022, but this did not deter the service from laundering over $550 million in crypto the […]
BlackRock CEO Larry Fink has recognized the potential of an Ethereum ETF in the United States, marking a significant development following the successful launch of their Bitcoin ETF. Fink, in an interview, lauded the successful trading debut of BlackRock’s Bitcoin ETF, IBIT, which garnered an impressive $1.05 billion in trading volume. This feat surpassed the […]
Larry Fink, CEO of BlackRock Inc., the world’s largest asset manager, is making significant strides in the cryptocurrency market. Initially focusing on Bitcoin, Fink is now turning his attention to Ethereum.In a recent appearance on CNBC, Fink discussed BlackRock’s focus on infrastructure, which he described as a “macro trend.” He also addressed the company’s investments […]
