Category: Fiat

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 […]

MicroStrategy’s Bold Bitcoin Investment Move

MicroStrategy, the software firm now doubling as a “Bitcoin development company,” is making waves again in the cryptocurrency world with its latest strategic move. The company has disclosed plans for another substantial private sale, aiming to amass an even larger Bitcoin portfolio. This Wednesday, MicroStrategy announced its intention to offer $500 million worth of convertible […]

Hong Kong Dives Deeper: Phase Two of e-HKD Pilot Focuses on CBDC Innovation

Hong Kong is taking a significant leap forward in its exploration of central bank digital currencies (CBDCs). Today, the Hong Kong Monetary Authority (HKMA), the territory’s de facto central bank, launched the second phase of its e-HKD pilot program. This new phase will delve deeper into the functionalities of a digital Hong Kong dollar, focusing […]

Finder Wins in Australia: Court Rules Crypto Product Wasn’t a Security

In a landmark decision with significant ramifications for the Australian crypto industry, a court has ruled in favour of Finder Wallet in a lawsuit brought by the country’s financial watchdog, the Australian Securities and Investment Commission (ASIC). The lawsuit, filed in December 2022, centred around Finder’s Earn product, a program that offered consumers returns on […]