Bernstein analysts believe that diversification presents a significant commercial opportunity for asset managers. It allows them to enter the rapidly growing digital asset market and benefit from increased demand and market growth. In the world of finance, few innovations have garnered as much attention and excitement as the potential launch of crypto exchange-traded funds (ETFs). Bitcoin (BTC) has been the center of attention in finance for years, but the advent of crypto ETFs is poised...
Read More »World Coin is Available for Trading, but Not Everyone’s Happy
Not long ago, Sam Altman – the man who created the now infamous AI tool Chat GPT (which is designed to create content) – announced he was bringing a new digital currency called World Coin to the financial stage. The asset is now available for trading and has surged in price by more than 98 percent, thus jumping beyond the $3 mark. World Coin is Here Prior to its release, World Coin managed to garner more than $100 million in new funding from companies like...
Read More »JPMorgan: SEC Likely to Approve Bitcoin ETFs after Grayscale’s Win
The analysts noted that the SEC may have to approve Grayscale’s ETF proposal and potentially other spot-based Bitcoin ETFs in order to maintain regulatory consistency. JPMorgan Chase & Co (NYSE: JPM) has predicted that the United States Securities and Exchange Commission (SEC) will be compelled to approve spot Bitcoin (BTC) Exchange-Traded-fund (ETF) applications from various asset managers following Grayscale’s favorable court ruling. Grayscale Investments, a prominent player in the...
Read More »US DoJ Says FTX Advertisement Blur Lines between FTX.US and International Business
The DoJ has said that advertisements for FTX did not differentiate between the US arm and the global business. According to the Department of Justice (DoJ), the FTX ads featuring American footballer Tom Brady and comedian Larry David show little distinction between the exchange’s US arm and its international business. According to a Friday filing, the DoJ said the celebrities in the ads describe FTX as an easy and safe way to use crypto, using a device showing the FTX logo and not FTX.US....
Read More »Binance Faces Another Executive Departure as Its Global Head of Product Resigns
Despite the recent wave of executive departures from Binance, the company said in June that it was embarking on a hiring spree with more than 2,000 available positions. Binance, the world’s largest cryptocurrency exchange, is experiencing another high-profile exit as Mayur Kamat, the Global Head of Product and Design, resigns from his role. Kamat’s departure is the latest in a series of executive exits in recent months. A spokesperson for Binance confirmed Kamat’s resignation in an emailed...
Read More »PBoC: Platforms Should Have Retail Payment Option for Digital Yuan CBDC
The director of Digital Currency Research Institute of the People’s Bank of China said that online platforms have the responsibility to adhere to the regulatory requirements. On Sunday, September 3, Changchun Mu, director of the Digital Currency Research Institute of the People’s Bank of China, emphasized the importance of wallet providers in enabling CBDC payment options across various retail settings. Mu’s comments come as China’s central bank digital currency (CBDC), the digital yuan,...
Read More »London Stock Exchange Group Plans to Embrace Blockchain Technology for Operational Efficiency
Murray Roos clarified that the exploration of blockchain does not mean that the exchange is delving into cryptocurrencies like Bitcoin and Ethereum. The London Stock Exchange Group (LSEG), one of the oldest and most reputable stock exchanges in the world, is embarking on the integration of blockchain technology into its operations according to a report by Financial Times. London Stock Exchange Group and Its Interest in Blockchain The reputable exchange has been in operation for centuries,...
Read More »Das versteht man unter Blockchain Explorer
Die erste Bitcoin-Transaktion ever; hier in der Live-Ansicht im Blockchain Explorer. Die Blockchain-Technologie hat in den letzten Jahren erhebliche Aufmerksamkeit und Interesse auf sich gezogen. Sie hat nicht nur die Kryptowährungslandschaft revolutioniert, sondern auch Anwendungen in verschiedenen anderen Branchen gefunden. Ein wesentliches Werkzeug, um die Transparenz und Funktionsweise der Blockchain zu verstehen, ist der sogenannte „Blockchain...
Read More »Blockchain 2023 Berlin: Von Workshops bis Art Gallery
Die Best of Blockchain 2023 macht Berlin zur Krypto-Hauptstadt Die Best of Blockchain wird an drei Tagen stattfinden und das geballte Blockchain-Wissen in unterschiedlichsten Formen vermitteln. Von Vorträgen auf den Bühnen, über Workshops und einer Art-Gallery ist hier für jeden etwas dabei. Die ersten beiden Tage sind die Business-Tage – hier können sich Firmen präsentieren, die die Blockchain-Technologie bereits in ihr Unternehmen eingebunden...
Read More »Argo Blockchain Reduces Debt and Overall Costs, Revenue Takes a Hit (Report)
The leading cryptocurrency miner – Argo Blockchain – has reportedly decreased its debt to $75 million during the first half of the year. In comparison, it owed $143 million at the end of June 2022. The company also managed to reduce overall costs and expenses. However, revenue in H1 was significantly less than the one registered in the first half of last year. The H1 Results As reported by London South East, Argo Blockchain’s pretax loss for the first six months of 2023...
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