Cryptocurrency firm Genesis Global Trading has reached a settlement with the New York Department of Financial Services (NYDFS), resulting in the company relinquishing its operational rights in the state.As per an announcement made on January 12, Genesis has agreed to pay a hefty fine of $8 million to the NYDFS. In addition to this, the […]
Following the recent approval of several spot Bitcoin ETFs, there has been growing speculation about the future of other crypto ETFs, including Ripple. However, according to Bloomberg’s ETF analyst James Seyffart, it is unlikely that a spot Ripple exchange-traded fund (ETF) will be launched this year.In an interview with Thinking Crypto, Seyffart shared his perspective […]
Despite the recent approval of several spot Bitcoin ETFs, the launch of a spot Ripple exchange-traded fund (ETF) this year is unlikely, according to Bloomberg’s ETF analyst James Seyffart. In an interview with Thinking Crypto, Seyffart expressed his views on the potential arrival of a spot Ripple ETF in 2024, citing regulatory challenges as the […]
BlackRock CEO Larry Fink has expressed optimism about the company’s plan to launch a spot Ethereum ETF in the United States. This comes after the successful debut of the company’s new spot Bitcoin ETF product, IBIT. Fink sees value in the move, stating that these are stepping stones towards tokenization.On Thursday, the trading volume of […]
Ki Young Ju, the founder and CEO of on-chain analytics platform CryptoQuant, has stated that financial institutions in the United States have a preference for Circle’s USD Coin (USDC) over Tether’s USDT. According to Ju, these firms are not entirely comfortable with USDT and would rather see global crypto users carry out their stablecoin transactions […]
Bitcoin miner Hut 8 has successfully expanded its borrowing capacity with Coinbase, a United States-based cryptocurrency exchange, to $65 million. This comes as a result of an additional $15 million secured from a Coinbase subsidiary, as stated on January 12. This new deal is an amendment and restatement of Hut 8’s previous $50 million credit […]
US financial giant Morgan Stanley is setting the tone by reducing bonuses for investment bankers by up to 15% following a challenging year for M&A. Wage specialists anticipate even greater declines at other financial institutions. The corporate reporting season on Wall Street has already begun. On Friday, US banking giants J.P. Morgan, Citigroup, Bank of […]
BlackRock, the world’s largest asset manager, has expressed support for an Ethereum ETF. CEO Larry Fink made these comments a day after the company’s Bitcoin ETF started trading. In a CNBC interview, Fink endorsed the idea of an Ethereum investment product for mainstream investors. He sees the value in an Ethereum ETF and believes these […]
US asset manager Blackrock is set to acquire an investment portfolio worth over $100 billion for $12.5 billion. The deal is being orchestrated by two former Credit Suisse bankers.Blackrock has agreed to the acquisition with the investment platform Global Infrastructure Partners (GIP), as announced on Friday. The purchase price of $12.5 billion will be paid […]
The United States Securities and Exchange Commission (SEC) recently approved the first regulated spot Bitcoin exchange-traded fund (ETF) in the United States, a day after an erroneous tweet caused confusion. This approval is expected to lead to the institutionalization of Bitcoin, with other factors also influencing the process.Yesha Yadav, a professor of law and associate […]
