BlackRock, the world’s largest asset management firm, has made an amendment to its Bitcoin ETF application, appointing a third-party broker known as a ‘Prime Execution Agent’ to handle the buying and selling of Bitcoin on behalf of the fund. However, this move has raised concerns with the Securities and Exchange Commission (SEC), as the role […]
The interest rates for mortgages have significantly decreased, but many people seem to be unaware of this change. Financial experts have noticed that it can be challenging for individuals to stay informed about the current mortgage market. Earlier this year, homeowners were concerned about high inflation and rising interest rates, which affected the demand for […]
The debtors of defunct cryptocurrency exchange FTX have proposed separate litigation in the bankruptcy case over acquiring stock-clearing platform Embed. The debtors have reached a proposed settlement with former CEO Sam “SBF” Bankman-Fried regarding the claims asserted against him in the Embed Proceeding. The agreement aims to recover 100% of the value conferred by the […]
The US Securities and Exchange Commission (SEC) has set a December 29 deadline for Bitcoin spot ETF applicants to submit final S-1 amendments, indicating a potential move forward in the approval process. The SEC recently held meetings with representatives from seven firms seeking to launch spot Bitcoin ETFs in the coming year, including BlackRock, Grayscale […]
Dogecoin co-founder Billy Markus, also known as Shibetoshi Nakamoto, has criticized Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), for not providing clear guidelines for the crypto market. Markus accused Gensler of lacking concrete rules and being ineffective in his role. Gensler, in a recent interview, expressed concerns about noncompliance, fraud, […]
Satoshi, the inventor of Bitcoin, expresses his despair and wishes he had never been born due to the backlash and criticism he faces. An angel investor overhears this and proposes an intriguing idea. Suddenly, the world around them changes, and Satoshi realizes that he no longer exists. His portfolio is empty, cryptocurrencies like Ethereum and […]
The United States Securities and Exchange Commission (SEC) has set a deadline for spot Bitcoin exchange-traded fund (ETF) applicants to file final S-1 amendments by December 29. The SEC officials recently met with representatives from several firms, including BlackRock, Grayscale Investments, ARK Investments, and 21 Shares, who are hoping to launch spot Bitcoin ETFs in […]
French cryptocurrency wallet company Ledger recently experienced a cyber attack in which its Connect Kit was compromised. The attackers injected a drainer code into the kit, allowing them to drain wallets connected to decentralized applications (dApps). Ledger took immediate action to contain the attack and enhance its security measures, including partnering with Tether to freeze […]
A recent article raises questions about the actions of the Swiss Financial Market Supervisory Authority (FINMA) in relation to the Credit Suisse (CS) bank. The article suggests that the Swiss government may have favored UBS as a potential buyer for CS, leading to certain decisions being made.The article highlights the issue of Too Big To […]
Safe, Sygnum, and CoinCover have joined forces to launch Safe{RecoveryHub}, a platform that offers a range of recovery options for digital asset holders. With over 900K ETH (worth approximately $1.92 billion) inaccessible to users due to forgotten keys, the need for recovery solutions is evident. Safe{RecoveryHub} aims to address this issue by providing a marketplace […]
