Major financial firms such as JPMorgan and HSBC are increasing their involvement in blockchain technology, signaling a growing acceptance of distributed ledger technology (DLT) in traditional finance. In November, both JPMorgan and HSBC made significant moves in the blockchain space.JPMorgan executed its first decentralized finance (DeFi) trade on a public blockchain on November 3, demonstrating […]
The world’s largest asset manager, BlackRock, has filed an updated proposal for a spot Bitcoin exchange-traded fund (ETF) in the hopes of securing approval from the Securities and Exchange Commission (SEC). The revised proposal includes cash creation and redemption mechanisms favored by the SEC, addressing concerns about investor safety and market manipulation.BlackRock is among several […]
BlackRock, the world’s largest asset manager, has filed a revised proposal for a spot bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The update includes the introduction of cash creation and redemption mechanisms, which aligns with the SEC’s preference for safer and more accessible options for investors. This adjustment addresses regulatory […]
BlackRock, the asset management company, has submitted a new amendment to the S-1 filing for its spot Bitcoin ETF, the iShares Bitcoin Trust. The latest filing includes several changes, including the addition of a market ticker, IBIT, indicating that the fund intends to trade on the Nasdaq under that label. Previous filings used a blank […]
UK Treasury has introduced Digital Securities Sandbox (DSS) regulations to create a controlled environment for testing new technology in financial markets. The rules allow the Treasury to modify or apply new legislative requirements, while the Bank of England and Financial Conduct Authority can run and supervise a sandbox with granted powers. The regulations aim to […]
The Ministry of Finance of Palau has launched the second phase of the Palau Stablecoin (PSC) initiative. The PSC is a stablecoin that is fully backed by US dollar cash balances and is issued and managed by the Palau Ministry of Finance.In this new phase, the PSC project team plans to utilize Ripple’s Central Bank […]
BlockDown Festival, in collaboration with BlockShow, is set to bring a Web3 event to Hong Kong in May 2024. The conference, supported by Cointelegraph, will take place at Cyberport, a renowned venue for Web3 companies. The event aims to create a Web3 city with various exhibition spaces, meeting zones, and open-air areas.BlockShow has a history […]
The financial ecosystem is undergoing a significant transformation with the emergence of the ISO 20022 standard. This global standard, designed by the International Organization for Standardization (ISO), aims to replace the long-standing SWIFT messaging system used by banks. ISO 20022 harmonizes operational goals across industries, prioritizes environmental consciousness, enhances trade practices, and improves interoperability among […]
The anticipation is building in the crypto world as the SEC’s decision on a spot Bitcoin ETF draws closer. SEC chairman Gary Gensler recently hinted that the approval process is underway, fueling excitement among investors. Several prominent financial firms, including BlackRock, Fidelity, and Grayscale, have applied for the ETF, with Grayscale seeking to convert its […]
Cantor Fitzgerald, a prominent Wall Street firm, has been confirmed as the custodian of Tether’s reserves, strengthening confidence in the popular stablecoin. With a market capitalization exceeding $90 billion, Tether has solidified its position as a leader among stablecoins. Despite its reluctance to disclose detailed information about its reserve assets, Tether has thrived and distanced […]
