The BlackRock spot Bitcoin exchange-traded fund (ETF), IBTC, briefly disappeared from the Depository Trust and Clearing Corporation’s (DTCC) website, causing a surge in Bitcoin’s price. The sudden reappearance of IBTC on the website led to speculation about a potential spot ETF approval, resulting in frenzied market activity. However, when the ticker disappeared again, Bitcoin’s price […]
The latest episode of ETF Prime features discussions on various ETF topics, including spot bitcoin ETFs. Host Nate Geraci speaks with Todd Rosenbluth from VettaFi and James Seyffart from Bloomberg to get their insights.Rosenbluth shares his thoughts on spot bitcoin ETFs, stating that he believes a release of such a product will happen in early […]
Standard Chartered Bank (Hong Kong) has successfully completed an extensive offline payments trial for Hong Kong’s central bank digital currency (CBDC), e-HKD. The trial focused on ensuring inclusiveness, security, and reliability of transactions, particularly in regions with unreliable internet access. Over several months, the trial involved 200 individuals and over ten merchants, who made transactions […]
BlackRock, the world’s largest asset manager, is reportedly planning to provide seed funding for its iShares spot Bitcoin exchange-traded fund (ETF). This funding would involve BlackRock purchasing a certain amount of Bitcoin to kickstart the fund. While the exact date and amount of funding have not been confirmed, recent filings suggest that the contribution could […]
The Layer One Joint Task Force (L1JTF) in the Terra Luna Classic (LUNC) community has returned 344 million LUNC tokens to the community pool as part of their efforts to revitalize the protocol. These unused funds from Q3 2023 will now be deployed into financing activities for subsequent quarters. Vinh Nguyen, the squad leader of […]
Ripple’s CEO, Brad Garlinghouse, recently discussed the company’s stance on XRP and its broader business strategy. While Ripple owns a significant amount of XRP and recognizes its efficiency for various use cases like cross-border payments, Garlinghouse emphasized that they are not XRP maximalists. He believes there is room for other digital assets, including Bitcoin. Ripple’s […]
Stablecoin issuer Tether has announced plans to release real-time reserves reports by next year, according to its incoming CEO Paolo Ardoino. Tether, which already provides daily reserves reports on its website, currently holds $84.15 billion in USDT, making it the largest stablecoin on the market. Ardoino also outlined his goals for Tether in the coming […]
Bitcoin’s Lightning Network, a layer 2 payment protocol built on top of the Bitcoin blockchain, has been found to have a major security flaw that puts users’ funds at risk. Former Lightning developer Antoine Riard discovered a vulnerability called the replacement cycling attack, which allows hackers to gain control of the network’s Layer 2 protocol. […]
Lawyer and cryptocurrency advocate John Deaton has criticized the Lightning Network, stating that the ‘Spend The Bits’ protocol on the XRP Ledger is more effective. The Lightning Network is a second-layer solution built on the Bitcoin blockchain to improve scalability and efficiency. Deaton, who is an angel investor and chief legal officer for ‘Spend the […]
Ripple, a leading blockchain-based payment and liquidity hub provider, is expanding its global presence in response to the growing demand for its services and the development of central bank digital currencies (CBDCs). The company is currently in discussions with more than a dozen governments worldwide to facilitate the issuance of CBDCs using Ripple’s blockchain technology. […]
