CoinShares, a leading European crypto investment firm, has announced its decision to acquire Valkyrie Funds, a US-based competitor. This move follows the recent approval of Valkyrie Fund’s application for a spot in Bitcoin ETF by the US Securities and Exchange Commission. The approved ETF, known as Valkyrie Bitcoin Fund (BRRR), began trading on Nasdaq a […]
BlackRock CEO Larry Fink has expressed optimism for a spot Ethereum exchange-traded fund (ETF) following the successful launch of the company’s Bitcoin ETF product, IBIT. The Bitcoin ETF garnered over $1 billion in trading volume on its first day. Fink’s comments come as BlackRock filed for a spot Ethereum ETF in November 2022, with speculation […]
BlackRock CEO Larry Fink has recently shared his insights on the future of cryptocurrencies, particularly Bitcoin and Ethereum, and their role in the financial system. Fink, who was previously skeptical about Bitcoin, has acknowledged a significant shift in his viewpoint. He now sees Bitcoin as an alternative source for wealth holding, similar to gold, a […]
Asset management firm Grayscale has been moving large amounts of Bitcoin to various wallet addresses over the past month, according to a recent report. This comes after the United States Securities and Exchange Commission (SEC) approved the firm’s application to convert its Bitcoin trust into a spot exchange-traded fund (ETF). The Grayscale Bitcoin Trust is […]
BMW achieved record sales in the past year, selling more than ever before. The global sales increased by 6.5% to approximately 2.55 million vehicles, following a strong final quarter. The sales of fully electric vehicles (BEVs) increased by 74% to 376,000 vehicles, making BMW grow faster in this segment than the overall market for fully […]
The Hedera Council, the governing body of the Hedera network, has given the green light to allocate 4.86 billion HBAR — Hedera Hashgraph’s native cryptocurrency, for further development and advanced decentralized governance. This decision will see a total of $408.2 million directed towards the development of the Hedera network.The majority of this allocation, specifically 4.248 […]
Genesis Global Trading, a subsidiary of Digital Currency Group (DCG), has agreed to a settlement with the New York Department of Financial Services (NYDFS) on January 12th. The settlement includes an $8 million penalty, following an agency investigation that uncovered significant shortcomings in the company’s anti-money laundering and cybersecurity programs. The NYDFS stated that these […]
Following a surprising quarterly loss, US banking giant Citigroup plans to cut 20,000 jobs in the medium term. CEO Jane Fraser reported a “disappointing” final quarter with a loss of $1.8 billion. She anticipates a turning point in 2024 as the bank progresses with tightening structures and separating business units. The 20,000 jobs to be […]
Marco Valla, who joined from Barclays last year, is leading a new initiative and has already made at least ten subsequent hires. The team is set to be the 12th for 2022, leaving six more spots to fill. In other news, UBS has gained an activist investor, Cevian Capital, who have so far only issued […]
The legal proceedings involving Do Kwon, the ex-CEO of Terraform Labs, have taken a new turn. Kwon’s legal team has requested a delay in the Securities and Exchange Commission (SEC) trial. The request for postponement is due to the ongoing complications related to Kwon’s extradition from Montenegro, where he is currently serving a four-month sentence […]
