Category: Fiat

ARK Invest Dials Back on Coinbase

Tech investment powerhouse ARK Invest, led by the visionary Cathie Wood, has notably reduced its stake in Coinbase, selling off nearly $52 million worth of the cryptocurrency exchange’s stock. This move is part of a broader selling trend, with ARK having previously divested almost $96 million in COIN stock earlier this month. The sales were […]

BlackRock’s Bold Move: Launching ‘BUIDL’ Fund

BlackRock, the global investment powerhouse, has finally disclosed its much-anticipated venture into the world of tokenized assets. Named ‘BUIDL’, this groundbreaking fund is to be anchored on the Ethereum network, marking the firm’s inaugural foray into tokenized funds on a public blockchain. This move not only underscores the growing integration of traditional finance with blockchain […]

Core Venture Network: Bolstering Global Web3 Development

The digital landscape is on the cusp of a transformation with the announcement of the Core Venture Network (CVN) by the Core Foundation. This initiative heralds a significant push towards fostering innovation within the Core Chain ecosystem, a platform that marries the security prowess of Bitcoin with the flexibility and compatibility of the Ethereum Virtual […]

BlackRock’s Bold Move into Tokenized Assets

BlackRock has officially submitted filings with the U.S. Securities and Exchange Commission (SEC) to unveil a tokenized asset fund, marking a significant stride into the realm of blockchain-based investments. This initiative, nested under the BlackRock USD Institutional Digital Liquidity Fund, heralds a new era for investors looking to bridge the traditional finance world with the […]

Ethereum ETFs: A Path to $8,000 by 2024?

In the ever-evolving landscape of cryptocurrency investment products, the potential approval of spot Ethereum ETFs stands as a significant milestone. According to Standard Chartered Bank, despite prevailing scepticism, there’s a tangible possibility that Ethereum ETFs will receive the green light by their initial May 23 deadline. Geoffrey Kendrick, the head of forex and crypto research […]

Cetera Embraces U.S. Bitcoin ETFs

Cetera, a leading wealth management and financial advisory firm, has officially endorsed the use of four U.S. spot bitcoin exchange-traded funds (ETFs) across its extensive network of 9,000 affiliated professionals. The selected ETFs, namely BlackRock’s IBIT, Fidelity’s FBTC, Franklin Templeton’s EZBC, and Invesco’s BTCO, represent a significant nod to the burgeoning interest in cryptocurrency investments […]

Bybit Faces Scrutiny in Hong Kong

Bybit, a prominent cryptocurrency exchange, has been earmarked as a “suspicious” entity by Hong Kong’s financial watchdog. This development unfolds even as Spark Fintech, Bybit’s local branch, pushed forward with its application for a crypto exchange license earlier this year, showcasing the complex and often murky waters of crypto regulation and compliance. The Hong Kong […]

El Salvador’s Bitcoin Treasury Is Bigger Than Expected (and Growing)

El Salvador’s President Nayib Bukele took to social media to showcase a “big chunk” of the country’s Bitcoin treasury. A screenshot revealed a staggering 5,689 Bitcoin tucked away in a cold wallet, translating to roughly $406 million at the time. This hefty sum implies a Bitcoin price hovering around $71,463 when the funds were transferred […]