US financial giant Morgan Stanley is setting the tone by reducing bonuses for investment bankers by up to 15% following a challenging year for M&A. Wage specialists anticipate even greater declines at other financial institutions. The corporate reporting season on Wall Street has already begun. On Friday, US banking giants J.P. Morgan, Citigroup, Bank of […]
BlackRock, the world’s largest asset manager, has expressed support for an Ethereum ETF. CEO Larry Fink made these comments a day after the company’s Bitcoin ETF started trading. In a CNBC interview, Fink endorsed the idea of an Ethereum investment product for mainstream investors. He sees the value in an Ethereum ETF and believes these […]
US asset manager Blackrock is set to acquire an investment portfolio worth over $100 billion for $12.5 billion. The deal is being orchestrated by two former Credit Suisse bankers.Blackrock has agreed to the acquisition with the investment platform Global Infrastructure Partners (GIP), as announced on Friday. The purchase price of $12.5 billion will be paid […]
The Hedera and Algorand ecosystems have announced the formation of the DeRec Alliance at the Crypto Finance Conference in St. Moritz. This alliance is set to develop a decentralized recovery system for cryptocurrencies, aiming to make digital asset recovery secure and painless across wallets. The system also aims to integrate conventional web2 practices into the […]
Input Output Global (IOG), the team behind the educational tool Essential Cardano, has revealed some of the latest updates in the Cardano ecosystem. These improvements, ranging from performance to scalability, have helped Cardano regain bullish momentum in the crypto market. This momentum has been further boosted by the news of the spot Bitcoin Exchange Traded […]
Europe-based asset management firm CoinShares is set to acquire Valkyrie’s crypto-focused exchange-traded funds (ETF) investment advisory business, marking its entry into the U.S. market. This move follows the recent approval of Valkyrie’s spot Bitcoin ETF, the Valkyrie Bitcoin Fund (BRRR), by the U.S. Securities and Exchange Commission (SEC).The acquisition is part of CoinShares’ strategy to […]
BlackRock’s Chief Executive Officer, Larry Fink, has recently voiced his support for an Ethereum Exchange Traded Fund (ETF). In a conversation with CNBC, Fink expressed his belief in the potential of tokenization, stating that it represents the future of the financial industry.His comments came shortly after the launch of BlackRock’s own Bitcoin ETF, marking the […]
UBS, a leading banking institution based in Zürich, is set to allow certain clients to trade bitcoin ETFs, albeit under specific conditions, as revealed by an anonymous source close to the bank. The stipulations include a prohibition on UBS soliciting the trades, and a restriction preventing accounts with a lower risk tolerance from purchasing them. […]
CoinShares, a European investment company, has announced its decision to acquire Valkyrie Funds LLC, the investment advisory arm of US digital asset manager Valkyrie Investments Inc. This move is a direct response to the US Securities and Exchange Commission’s (SEC) approval of Valkyrie’s spot Bitcoin ETF, ‘The Valkyrie Bitcoin Fund (BRRR)’, which began trading on […]
Larry Fink, CEO of BlackRock, the world’s largest asset management firm, has recently shown a keen interest in Ethereum ETFs (exchange-traded funds). This interest marks a potential turning point in the digital finance landscape, especially at a time when cryptocurrencies are gaining significant traction towards mainstream acceptance.Fink’s interest in Ethereum ETFs not only highlights the […]
