This is a developing story, and further information will be added as it becomes available. The BlackRock iShares Bitcoin Trust (IBIT) experienced no new investments for the first time since the launch of Bitcoin ETFs in the US back in January. Since its January 11th debut, IBIT has continued to draw in investments totaling millions … Read more
The prices of Bitcoin (BTC), Ether (ETH), and other significant cryptocurrencies experienced a brief dip due to two simultaneous events: the arrest of Samourai Wallet’s founders by the US Department of Justice (DOJ), and the ongoing geopolitical tensions in the Middle East, all while dealing with the aftermath of the recent halving and its resulting … Read more
BlackRock has made it clear that they do not have any business dealings with Hedera and have not selected the Hedera Hashgraph for tokenizing any of their funds, such as their $22 billion money market fund. On Tuesday, the value of Hedera’s token (HBAR) surged by more than 100% due to an announcement from the … Read more
A new bill about stablecoins presented in the US Senate might persuade American banks to enter the stablecoin industry, according to S&P Global Ratings’ assessment. On April 23, S&P mentioned in a research note that the Payment Stablecoin Act proposals, presented to the Senate on April 17, might persuade banks to begin issuing U.S. dollar-backed … Read more
Last year saw a notable rise in crypto investments among Canadian institutional investors, according to a recent report by accounting firm KPMG. Approximately 40% of institutional investors disclosed holding crypto assets either directly or indirectly in the year 2023, marking a significant increase from the 31% reported in KPMG’s survey conducted in 2021. Approximately 31 … Read more
Meta (Meta Platforms Inc., or META) experienced a 15% decrease in after-hours trading following the company’s announcement that it plans to significantly increase investments in artificial intelligence and keep its metaverse division operating at a loss, despite a disappointing revenue forecast. In the giant company’s Q1 2024 financial report announced on April 24, 2024, they … Read more