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Coinbase to Provide Key Infrastructure for Blackrock’s Tokenized Investment Fund
21.3.2024
Coinbase has been chosen as a key infrastructure provider for Blackrock’s newly unveiled tokenized investment fund, the crypto exchange has revealed. “This is the latest progression of our digital assets strategy,” said Blackrock’s head of digital assets. “We are focused...
Powell: Economy Progresses but Inflation Still ‘Too High’ to Adjust Benchmark Rate
20.3.2024
On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is “greater confidence that inflation is moving...
Salvadoran Press Raises Doubts on Piggy Bank Funds’ Ownership: 80% of BTC Came From Bitfinex
20.3.2024
Reports from local Salvadoran press are raising questions about President Bukele’s announcement last week, when he transferred 5,690 BTC to a cold wallet, stating that all of these belonged to the country. Moises Alvarado, a Salvadoran journalist, found that 80% of the funds in this wallet...
Fidelity Incorporates Staking in Spot Ethereum ETF Offering to Boost Fund’s Income
19.3.2024
On March 18, the financial behemoth Fidelity Investments updated its application for a spot ethereum exchange-traded fund (ETF) to encompass staking capabilities. The firm, Fidelity, has made it known that the sponsor might “from time to time” opt to “stake a portion of...
Crypto Lender Genesis Agrees to $21 Million SEC Fine, Funds to Await Bankruptcy Claim Settlements
19.3.2024
Genesis Global Capital has settled with the U.S. Securities and Exchange Commission (SEC) and agreed to pay a $21 million civil penalty. The SEC further disclosed that the regulator will “not receive any portion of the penalty until after payment of all other allowed claims by the bankruptcy court...
World's Largest Pension Fund Seeks Information on Bitcoin Under Portfolio Diversification Plan
19.3.2024
Japan's state pension fund, GPIF, is seeking information about bitcoin as part of a broader strategy initiated in response to significant economic and societal changes and technological advancements
Solana Meme Slerf Notches $1.7B in Volume After Developer Loses All Presale Funds
18.3.2024
Some called the move a marketing trick, as news of the burn went viral on X
Binance CEO Richard Teng Predicts Bitcoin Breaking $80,000 Fueled by ETF Inflows
18.3.2024
Binance CEO Richard Teng forecasts that Bitcoin will surpass $80,000 before the year ends. He attributed this likely increase to the growing interest from institutional investors in crypto-backed exchange-traded funds (ETFs).
The post Binance CEO Richard Teng Predicts Bitcoin Breaking $80,000...
Binance-Backed Platform NFPrompt Hacked, User Funds Lost
15.3.2024
NFPrompt, a content generation platform incubated by Binance Labs, disclosed a crypto security breach resulting in the loss of user and platform funds.
The post Binance-Backed Platform NFPrompt Hacked, User Funds Lost appeared first on Cryptonews
Institutional Interest for Bitcoin Rises, Yet Challenges May Hamper Future Adoption
14.3.2024
Institutional interest for Bitcoin and other digital assets has been apparent in previous years. Yet industry experts believe that investors are taking a newfound interest in Bitcoin (BTC) following the approval of 11 US spot Bitcoin exchange-traded funds (ETFs). David Lawant, Head of Research...
Analyst: Spot Bitcoin ETFs Anticipated to Attract $220 Billion in Three Years
14.3.2024
Spot Bitcoin (BTC) exchange-traded funds (ETFs) could witness an influx of $220 billion over the next three years.
The post Analyst: Spot Bitcoin ETFs Anticipated to Attract $220 Billion in Three Years appeared first on Cryptonews
Thai Rule Change Allows Asset Management Funds to Invest in Bitcoin ETFs
14.3.2024
Thailand-based asset management funds can now launch private funds for investing in U.S. spot bitcoin exchange-traded funds (ETFs), according to the country’s securities regulator. The approval of bitcoin ETFs by U.S. regulators has opened opportunities for Thai asset management firms to gain...
Bitcoin ETFs See Record $1B Inflows as BTC Price Remains at All-Time Highs
13.3.2024
Bitcoin (BTC) exchange-traded funds (ETFs) experienced a staggering $1.05 billion in net inflows on March 12, according to data from SoSoValue.
The post Bitcoin ETFs See Record $1B Inflows as BTC Price Remains at All-Time Highs appeared first on Cryptonews
Tether Assists US DOJ and FBI in Seizure of $1.4 million dollars USDT in Stolen Funds
12.3.2024
The U.S. Attorney's Office announced the seizure of approximately $1.4 million in Tether (USDT) on March 8, suspected to be proceeds from a fraudulent customer support scam.
The post Tether Assists US DOJ and FBI in Seizure of $1.4 million dollars USDT in Stolen Funds appeared first on Cryptonews
Grayscale Plans Low-Fee GBTC Spinoff: the Bitcoin Mini Trust
12.3.2024
Bitcoin ETF manager Grayscale is seeking permission from the SEC to spin out a percentage of GBTC shares to seed the new Bitcoin Mini Trust product, according to a filing on Tuesday
Thailand SEC Clears Path for Accredited Investors to Dive Into US Bitcoin ETFs
12.3.2024
Thailand's securities regulator has greenlit asset management firms to introduce private funds tailored to invest in Spot Bitcoin ETFs. Access to these funds will be restricted to institutional investors and individuals with ultra high net-worth.
The post Thailand SEC Clears Path for Accredited...
Report: Global Crypto Investments Surge to Record $2.7 Billion in Weekly Inflows
11.3.2024
In an unprecedented surge, global crypto investment products experienced a historic influx of $2.7 billion last week, signaling strong confidence among investors and propelling assets under management (AUM) back to December 2021 levels. Record $2.7 Billion Flows Into Crypto Investments in...
Unizen Pledges Reimbursements After $2.1M Loss in Platform Breach
11.3.2024
Unizen has taken swift action in response to a recent security breach that resulted in the loss of approximately $2.1 million in user funds.
The post Unizen Pledges Reimbursements After $2.1M Loss in Platform Breach appeared first on Cryptonews
Crypto Funds Weekly Inflows Surge to Record of $2.7B
11.3.2024
Bitcoin remained the focus of investors seeing $2.8 billion worth of inflows
Piers Ridyard, CEO of Radix DLT, on The Future of Web3, Wallets, Account Abstraction, and Creating the Game Engine for DeFi | Ep. 315
8.3.2024
Piers Ridyard, CEO of the decentralized network Radix DLT, talks about the “wild ride” through the worlds of smart contracts and Y Combinator, finding Ethereum, mining on its genesis block, selling ETH, getting into Radix, the project’s fundamental principles, and how it goes above and beyond...