'Bitcoin is an international asset' — BlackRock CEO’s bullish remarks
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‘Bitcoin is an international asset’ — BlackRock CEO’s bullish remarks

Larry Fink, the CEO of BlackRock, has delivered pro-crypto remarks amid the asset manager applying to list a spot Bitcoin exchange-traded fund (ETF) in the United States. Speaking on Fox Business on July 5, Fink said the role of cryptocurrency was largely “digitizing gold”, suggesting U.S. regulators consider how an ETF directly linked to Bitcoin (BTC) could democratize finance. During…

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BlackRock Boss Larry Fink Praises Bitcoin for ‘Digitizing Gold’
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BlackRock Boss Larry Fink Praises Bitcoin for ‘Digitizing Gold’

BlackRock CEO Larry Fink, who once called Bitcoin an “index of money laundering,” today said the oldest and biggest cryptocurrency was “digitalizing gold.” The billionaire’s comments in a Fox Business interview Wednesday came weeks after the world’s largest asset manager applied to the U.S. Securities and Exchange Commission for a spot Bitcoin ETF.  BlackRock—which manages $9.5 trillion in assets—helped spur…

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IMF eyes tens of billions in crypto asset taxes, has few suggestions for collecting them
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IMF eyes tens of billions in crypto asset taxes, has few suggestions for collecting them

Governments have yet to address all the ways crypto might be taxed, the International Monetary Fund (IMF) has realized, and the amount of taxes not imposed or collected may reach well into the tens of billions of dollars. That insight does little to reduce the variety of challenges to taxing crypto, however. Crypto’s “semi-anonymity,” its dual nature as an investment…

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CEX crypto trading hits $2.7T in June amid SEC lawsuits, BlackRock Bitcoin ETF filing
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CEX crypto trading hits $2.7T in June amid SEC lawsuits, BlackRock Bitcoin ETF filing

The combined spot and derivatives trading volume on centralized exchanges (CEXs) climbed 14.2% in June to $2.71 trillion, according to CCData’s monthly exchange report. Binance, Binance.US, and Coinbase all saw their market share decline in the past month. As per the report, the first rise in trading volume in three months was backed by BlackRock’s exchange-traded fund (ETF) filing and…

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WisdomTree, Invesco Follow BlackRock With Spot Bitcoin ETF Applications
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Valkyrie Updates Bitcoin ETF Filing, Lists Coinbase as ‘Surveillance-Sharing’ Partner

As the race to establish America’s first spot Bitcoin ETF continues apace, Nasdaq has proposed listing the Valkyrie Bitcoin Fund on its exchange in a recent filing that names Coinbase as a so-called “surveillance-sharing” partner. The Securities and Exchange Commission has denied every application for a spot Bitcoin ETF to date, signaling no applicant has provided a coherent plan for…

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Nifty Newsletter, June 28–July 4
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Nifty Newsletter, June 28–July 4

In this week’s newsletter, read about how stolen nonfungible tokens (NFTs) are sold within three hours after being pinched, and check out AzukiDAO’s plans to take back $39 million worth of Ether (ETH) from the founder of the Azuki NFT collection. In other news, investors in Logan Paul’s NFT gaming project CryptoZoo are still waiting for promised refunds from the…

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'The Larger, The Better', Says Binance CEO on BlackRock Bitcoin ETF
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‘The Larger, The Better’, Says Binance CEO on BlackRock Bitcoin ETF

Binance founder and CEO Changpeng Zhao (CZ) referred to the entrance of large players like BlackRock–who have their eyes on a spot Bitcoin exchange-traded fund (ETF)—as “hugely beneficial” during a Twitter Spaces earlier today. “We welcome more players, the larger the better,” said Zhao, explaining that “it will offer more coverage.” The Binance CEO was answering a plethora of questions…

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