Asset management giant BlackRock has taken a significant step towards launching an exchange-traded fund (ETF) based on the cryptocurrency ether. The company’s iShares division has registered the iShares Ethereum Trust with the state of Delaware, following a similar approach taken earlier this year with a Bitcoin-based ETF. This move suggests that BlackRock is preparing to […]
Securities and Exchange Commission (SEC) Chair Gary Gensler has indicated that the agency is open to the possibility of the exchange resuming operations. Following Gensler’s comments at the DC Fintech Week conference, the native token of FTX, FTT, has experienced a significant price surge of 90%. Gensler responded to a question about former New York […]
Attorney John Deaton, representing XRP holders in the Ripple vs. SEC legal battle, has presented a compelling argument suggesting that the anticipated $770 million disgorgement for Ripple is unlikely. Deaton’s prediction is based on several influential factors that could sway the court’s decision.One key factor Deaton highlights is the Supreme Court’s Morrison ruling, which limits […]
BlackRock, the world’s largest asset manager, is planning to create an ETF that holds Ethereum’s ether (ETH), further solidifying its commitment to cryptocurrencies. The announcement caused the price of ETH to surge, reaching its highest level of the day at around $2,100, a 3% increase from before the filing was made public. However, the price […]
BlackRock, the world’s largest asset manager, has taken the first step towards listing a spot-based Ether ETF by establishing a new Delaware trust company for the iShares Ethereum Trust and filing an SEC application with Nasdaq. This move comes after BlackRock surprised the investment world in mid-June by filing for a spot-based Bitcoin ETF, increasing […]
A judge in New York has postponed the bail of John Karony, the CEO of crypto platform SafeMoon, while assessing the level of flight risk. The bail had previously been granted by a Utah judge but was stayed at the request of prosecutors. The prosecutors argued that the Utah judge did not consider Karony’s finances […]
Crypto lender Hodlnaut is facing liquidation after the High Court of Singapore ended judicial management and ordered its closure. The company’s funds have been frozen since August 2022. Former interim judicial managers Aaron Loh Cheng Lee and Ee Meng Yen Angela have been discharged and appointed as liquidators. The decision to liquidate Hodlnaut was made […]
BlackRock, the world’s largest asset manager, is planning to create an ETF that holds Ethereum’s ether (ETH), further solidifying its commitment to cryptocurrencies. The announcement caused the price of ETH to surge, reaching its highest level of the day at around $2,100, a 3% increase from before the filing was made public. However, the price […]
BlackRock, the world’s largest asset manager, has taken the first step towards listing a spot-based Ether ETF by establishing a new Delaware trust company for the iShares Ethereum Trust and filing an SEC application with Nasdaq. This move comes after BlackRock surprised the investment world in mid-June by filing for a spot-based Bitcoin ETF, increasing […]
Hong Kong is positioning itself as a leading hub for cryptocurrency adoption, with an influx of crypto talent and positive regulatory developments. The combination of new Web3 projects and supportive regulations is expected to drive significant growth in the next four to five years. Despite the bear market, the technological advancements in the crypto sector […]
