Crypto giant Coinbase has unveiled a strategic partnership with Yellow Card, a service for cryptocurrencies in Africa. This move is a significant step in Coinbase’s expansion strategy, aiming to establish a substantial presence in 20 African countries. The primary objective of this alliance is to provide millions of people with access to prominent dollar-pegged crypto […]
BlackRock’s Chief Executive Officer, Larry Fink, has publicly acknowledged the potential of Ethereum-based exchange-traded funds (ETFs). In a recent interview with CNBC, Fink expressed his belief in the value of an Ethereum ETF.BlackRock, the world’s largest asset manager, with a staggering US$10 trillion in assets under management, understands the importance of Ethereum ETFs. These funds […]
Genesis Global Trading, a cryptocurrency firm, has agreed to a settlement with the New York Department of Financial Services (NYDFS). As part of the settlement, the company has relinquished its right to operate within the state. The NYDFS has clarified that the settlement impacts Genesis Global Trading, which is a separate entity from Genesis Global […]
Genesis Global Trading, a subsidiary of Digital Currency Group, has been ordered to pay an $8 million fine and surrender its BitLicense, according to the New York Department of Financial Services (NYDFS). The penalty comes as a result of significant failings in the crypto platform’s anti-money laundering and cybersecurity programs, as revealed by NYDFS investigations.Superintendent […]
BlackRock CEO Larry Fink has continued his pivot towards cryptocurrency, expressing a bullish stance on tokenization as a means to eliminate corruption. In a recent interview with CNBC, Fink discussed the launch of BlackRock’s Bitcoin ETF and his evolving perception of Bitcoin as a viable asset class.Previously skeptical about Bitcoin, Fink now views it as […]
Bitfinity, a UK-based blockchain startup, has successfully raised $7 million in funding. The investment was received in two parts, with $1 million in 2021 and a recent round of $6 million, which has brought the company’s valuation to $130 million. The funding round was led by Polychain Capital and ParaFi Capital, with participation from Warburg […]
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), has acknowledged the significance of Grayscale’s court victory in the approval of spot Bitcoin exchange-traded funds (ETFs). Despite the SEC’s history of denying similar applications since 2013, Gensler revealed in an interview with CNBC’s Squawk Box that the court’s decision in favor of Grayscale […]
BlackRock CEO Larry Fink has expressed his belief in the value of an Ethereum exchange-traded fund (ETF), sparking speculation that a spot ETH ETF could be the next to trade following the successful launch of spot Bitcoin ETFs. Fink shared his views during an interview on CNBC.Following the approval of a spot Bitcoin ETF, traders […]
The total number of XRP tokens burned recently reached a significant milestone, raising questions about the potential impact of these burns on the value of the circulating XRP tokens. Ripple’s CTO, David Schwartz, has commented on this issue, discussing whether XRP burns could influence the token’s value.According to data from the XRP Scan, just over […]
Vanguard Group, a prominent American investment management company, is currently under fire for reportedly denying customers’ requests to access and trade Spot Bitcoin ETFs on its platform. This decision has led to a mass exodus of customers, with many choosing to withdraw their funds and close their accounts permanently.The recent approval of Spot Bitcoin ETFs […]
