Category Archive: Cryptocurrency, No picture
Fed drops enforcement action against Silvergate
Key Takeaways Silvergate Bank has reimbursed all customers and ceased operations as of July 2024. Legal challenges persist for Silvergate despite the Federal Reserve ending its enforcement. The Federal Reserve Board announced that it’s dropping all enforcement action against Silvergate Bank and Silvergate Capital Corporation. This decision comes after Silvergate successfully wound down operations, reimbursed […]
Crypto consolidation: Understanding the role of exchange aggregators in the market
As the crypto market grows, the number of exchanges has surged, each offering different trading pairs, fees, and features. This abundance can be overwhelming for traders. Crypto aggregators simplify the exchange process by consolidating information and options. In this article, we’ll delve into what exchange aggregators are and the benefits they bring to the crypto […]
Michigan pension fund invests $6.6 million in Bitcoin via ARK 21Shares ETF
Key Takeaways Michigan’s retirement system invested $6.6 million in Bitcoin through ARK 21Shares’ ETF. Other pension funds, including Wisconsin’s SWIB, are also adding Bitcoin exposure. The State of Michigan Retirement System reported a Bitcoin (BTC) investment amounting to $6.6 million through ARK 21Shares’ ARKB spot BTC exchange-traded fund (ETF), revealed the filing of its 13-F […]
Why Wall Street is still wary of DeFi
Key Takeaways DeFi’s ‘gray zone’ challenges Wall Street’s traditional regulatory frameworks. BlackRock and Franklin Templeton lead in blockchain-based government securities. Wall Street’s best and brightest are diving headfirst into tokenizing real-world assets, but they’re hitting a fork in the road: do they play it safe or venture into crypto’s Wild West?The world of finance is […]
Crypto participants expect Bitcoin to exceed $100,000 this cycle
Key Takeaways 43.7% of crypto participants expect Bitcoin to exceed $100,000 this cycle. Expectations for Ethereum and Solana prices are more varied among survey respondents. A recent survey from data aggregator CoinGecko revealed that 43.7% of the respondents expect Bitcoin to exceed $100,000 this cycle. The next most popular prediction was the $91,000 to $100,000 […]
Bitcoin and Ethereum top client interest with ‘very little’ demand for other crypto ETFs: BlackRock Head of Digital Assets
Key Takeaways BlackRock’s Mitchnick highlighted that their client base is predominantly interested in Bitcoin, with some interest in Ethereum. BlackRock considers Bitcoin and Ethereum as complementary assets with distinct roles. The SEC’s greenlight for spot Ethereum ETFs has sparked optimism about the future of other crypto ETFs, with some anticipating that Solana funds will be […]
Grayscale Ethereum ETF bleeds Thursday, outflows exceed $1 billion since debut
Key Takeaways Grayscale’s Ethereum ETF saw $346 million in net outflows on its third day of trading. BlackRock’s iShares Ethereum Trust led the pack with $71 million in inflows. Grayscale’s Ethereum ETF (ETHE) ended Thursday with $346 million in net outflows, extending its losses to $1.1 billion within three trading days since its conversion, data […]
Jersey City to invest portion of pension fund in Bitcoin ETFs
Key Takeaways Jersey City’s pension fund plans to invest in Bitcoin ETFs following SEC approval. Mayor Steven Fulop has been a proponent of crypto and blockchain as major technological innovations. Jersey City Mayor Steven Fulop has revealed plans to invest a portion of the city’s pension fund in Bitcoin exchange-traded funds (ETFs), marking a significant […]
Jito releases open-source code for restaking on Solana
Key Takeaways Jito’s new service allows using any asset as collateral on Solana. The restaking code by Jito is open-source and pending mainnet implementation. Jito Foundation has released open-source code for a staking and restaking program on Solana, marking a significant advancement in the network’s restaking capabilities.The yet-to-be-audited code from Jito enables any protocol building […]
Bitcoin price nears $65K as US stocks recover from steep sell-off
Key Takeaways Bitcoin rebounded to $65,000 as US stocks recovered from recent losses. Economic data like the PCE Index and jobless claims influenced Bitcoin’s price movements. Bitcoin prices moved back towards $65,000 as US stock markets recovered from their worst day since 2022, with traders closely watching key support levels and the growing correlation between […]
