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BlackRock Files for Bitcoin Spot ETF, BTC Dropped to 3-Month Low as Fed Pauses Interest Rate Hikes: This Week’s Recap

There aren’t too many favorable developments within the cryptocurrency community lately. It all started last Monday when the US SEC decided to begin a legal battle against Binance and doubled down on its crackdown against large crypto exchanges by suing Coinbase the very next day as well. Expectedly, these rather unexpected events led to massive price crashes for the majority of crypto assets. Nevertheless, many managed to recover most losses by the end of last week, but it...

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BlackRock Files Bitcoin Spot ETF Application, Taps Coinbase

The $10 trillion asset management giant BlackRock filed with the Securities and Exchange Commission (SEC) to launch a Bitcoin Spot ETF on Thursday – a product yet to see life within the United States.  BlackRock plans to partner with Coinbase to provide custody for the Bitcoin backing the funds, as with its Bitcoin trading service announced last year.  BlackRock’s ETF Bid As reported by CNBC, the asset manager filed with the SEC to launch the iShares Bitcoin Trust, which...

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Blackrock CEO Says US ‘Debt Ceiling Drama’ Is Bad for Dollar, Bitcoin May Benefit

Laurence Fink described the debt ceiling deliberations as bad for the dollar as the Blackrock CEO predicts further interest rate hikes. The CEO of investment management company Blackrock is not excited about the ongoing attempt to raise the US debt ceiling. CEO Laurence Fink recently spoke about the “drama” surrounding the debt ceiling increase while discussing inflation and other issues. Observers believe the ongoing situation may turn out bullish for Bitcoin. Speaking at a financial...

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March Job Growth Reaches 236,000 amid Hiring Pace Slowdown

On Friday, the Labor Department reported a March job growth that is way off February’s upwardly revised figure of 326,000. US job growth amounted to 236,000 for March amid slowing signs in the labor market. The figure puts the Labor Department’s Friday payroll growth report close to the Dow Jones estimate of 238,000 for March. However, the total job growth of 236,000 sits substantially below February’s upwardly revised figure of 326,000. The March job growth report revealed that the...

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BlackRock to Sell $114 Billion of Defunct Bank Securities

BlackRock – the world’s largest asset manager – is collaborating with the U.S. government to sell off eleven figures worth of securities tied up with American banks that failed last month.  The sale $114 billion sale will include $27 billion worth of securities from Signature Bank, and $87 billion from Silicon Valley Bank (SVB).  Securities Dump Incoming? The Federal Deposit Insurance Corporation (FDIC) announced the sale on Wednesday, over three weeks after placing both...

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Tokenization Could Drive Efficiencies in Capital Markets: BlackRock CEO

Larry Fink, chief executive officer of the world’s largest asset management company BlackRock, believes tokenizing asset classes such as stocks and bonds could foster efficiency in capital markets and improve investor access. The CEO noted in his latest annual letter to investors that BlackRock is currently exploring the digital asset industry and would continue to do so, especially in areas related to permissioned blockchains and tokenization of stocks and bonds. BlackRock...

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Coinbase und GenTwo Digital kündigen Partnerschaft für Custody und Execution an

GenTwo Digital, die in Zug ansässige Tochtergesellschaft von GenTwo, gibt heute eine Partnerschaft mit Coinbase, der börsennotierten Kryptowährungsplattform, bekannt. GenTwo Digital, der führende Anbieter von innovativen Verbriefungsplattformen, erweitert damit das Anlageuniversum auf digitale Assets für professionelle Investoren. Damit können alle Krypto Assets von Coinbase in bankfähige Finanzanlageprodukte verpackt werden und ermöglichen Finanzintermediären die Ausgabe innovativer...

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