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…
Month: July 2023
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…
Are We Back? Crypto Analysts Split on Bitcoin’s Bull Run
Bitcoin may be far below the all-time high of $69,044 it touched towards the end of 2021, but this much is true: It has exceeded expectations in 2023 by surging 86% since the start of the year, when it was trading for less than $17,000. The “digital gold” is today trading for over $30,000 per coin as institutional money floods…
Nasdaq refiles Valkyrie’s spot Bitcoin ETF application, includes Coinbase as surveillance partner
The filing followed similar applications from asset managers BlackRock and Fidelity in the last seven days to include information on surveillance-sharing agreem… Source: https://cointelegraph.com/public/index.php/news/nasdaq-refiles-valkyrie-spot-bitcoin-etf-coinbase-surveillance-partner
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…
Price analysis 7/5: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT
Bullish crypto traders are struggling to clear the overhead barrier in Bitcoin and select altcoins, indicating that bears have not given up yet. Source: https://cointelegraph.com/news/price-analysis-7-5-btc-eth-bnb-xrp-ada-doge-sol-ltc-matic-dot
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…
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…
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…
‘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…