Author name: Peter

Blackrock’s Bitcoin ETF IBIT Ranks as Second Largest U.S. Spot Bitcoin ETF

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Introduction In a recent interview, Rachel Aguirre, the head of product for Blackrock's Ishares U.S., discussed the significant inflows witnessed by the firm's new spot bitcoin exchange-traded fund (ETF), known as IBIT. Aguirre highlighted that the IBIT ETF has attracted a diverse group, including retail investors, self-directed investors, and those who were ready to invest […]

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Ethereum’s Dencun Upgrade Launches Successfully on Goerli Testnet

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Dencun Upgrade Triumphs on Goerli Testnet After Initial Delay The Ethereum network has achieved a significant milestone by successfully implementing the Dencun upgrade on its Goerli testnet. This upgrade is part of Ethereum's ongoing efforts to introduce cost-effective data storage solutions on its blockchain. Despite a brief four-hour delay caused by a technical glitch, the

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Bitcoin Surpasses Silver To Become Second Largest ETF Commodity In The US

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Bitcoin ETFs Overtake Silver ETFs in the United States Bitcoin exchange-traded funds (ETFs) have surpassed silver ETFs in the United States, securing their position as the second-largest ETF commodity in terms of assets under management (AUM). This remarkable milestone indicates the growing acceptance of Bitcoin as a mainstream investment vehicle. Increasing Demand from Institutional and

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Grayscale’s GBTC Reports Significant Bitcoin Outflows Amid ETF Competition

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Major Bitcoin Outflows from Grayscale's GBTC Grayscale's exchange-traded fund, GBTC, has experienced a significant decrease in its bitcoin holdings. The company reported a reduction of 13,793.09 BTC, valued at approximately $571 million. This marks another decline in reserves following recent withdrawals from Grayscale's assets. Records show that as of January 14, 2024, Grayscale's Bitcoin Trust

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Peter Schiff Predicts Bitcoin Price Decline as SEC Chair Gary Gensler Plans New Crypto Regulations

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Economist and gold bug, Peter Schiff, has made a prediction that the Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, will soon introduce strict regulations for cryptocurrencies. According to Schiff, these new regulations will lead to a significant drop in the price of bitcoin. Unlike previous regulations, Schiff believes that Gensler's focus

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The European Union Strengthens Anti-Money Laundering Rules for Crypto Asset Service Providers

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Introduction The European Union Council and Parliament have reached a provisional agreement to enhance anti-money laundering measures for crypto asset service providers (CASPs). These new rules aim to combat fraud, organized crime, and terrorism financing by requiring CASPs to conduct due diligence on their customers and report suspicious activities. Stricter Verification Requirements Under the agreement,

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Thai Securities and Exchange Commission Removes Restrictions on Digital Asset Investments

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The Thai Securities and Exchange Commission (SEC) has recently announced the lifting of investment restrictions on retail investors who are interested in real estate-based digital tokens. This move aims to strike a balance between protecting investors and promoting innovation in the digital asset industry. Enhancing Investor Protection Effective from January 16, the SEC has updated

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BlackRock’s Spot Bitcoin ETF To Begin Trading in Brazil Tomorrow

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BlackRock's spot Bitcoin exchange-traded fund (ETF) is set to debut in Brazil tomorrow, as reported by InfoMoney, Brazil's largest financial market news platform. The launch follows BlackRock's announcement that the Brazilian Depositary Receipts (BDRs) of its iShares Bitcoin Trust ETF (IBIT39) will start trading on B3, Brazil's stock exchange, on Friday. BlackRock's Goal of Providing

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Bitcoin.com Offers $15,000 in Rewards To Boost VERSE Token Liquidity

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Bitcoin.com Partners with Kucoin to Enhance VERSE Token Liquidity Bitcoin.com, a leading cryptocurrency platform, has announced a campaign to boost liquidity and trading volume for its ecosystem token VERSE. The company is offering $15,000 in rewards to incentivize individuals to provide market-making services for the VERSE/USDT trading pair on Kucoin, a top-tier centralized cryptocurrency exchange.

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The Cardano Network Faces Criticism Over Lack of Meaningful Use, According to K33 Research

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Cardano's Lack of Meaningful Use and Fabricated Blockchain Activity According to a recent research note by K33 Research, the Cardano network is facing criticism for its lack of meaningful use and a perceived fabrication of blockchain activity. The research note suggests that nothing substantial is happening on the network apart from exchange transfers and a

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