With $1 billion in assets under management (AUM), BlackRock’s spot bitcoin ETF became the first bitcoin ETF provider to reach this milestone on Wednesday. January 12 marked the beginning of trading for the asset manager’s iShares Bitcoin Trust (IBIT). Robert Mitchnick, Head of Digital Assets at BlackRock stated via email:
An updated protocol has reduced the time it takes to create a block on the layer-1 blockchain Algorand by almost 20%, bringing the average block time down to less than three seconds. With the release of the Dynamic Lambda (dynamic round times) update, the Algorand Foundation boasted improved network speed
A significant amount of the Bitcoin (83%), Ethereum (84%), and XRP (81%) supply is profitable, according to a recent publication by Santiment. Movements outside of the 55–75% range have traditionally been seen as low risk, while those within the range have been seen as average. The PSP indicator tracks the
Introduction： As a recent focus, the SEC approved 11 Bitcoin spot ETFs last week. UBS announced that it would allow certain clients to trade Bitcoin spot ETFs, and miner sell pressure reached its highest level since 2019 in the days leading up to the ETF approval. Additionally, Vitalik proposed to
There has been some talk about digital currency deployment among central banks throughout the globe, as people move away from using physical cash and toward online and electronic payment methods. In these continuing discussions on the development of payment mechanisms, the U.S has been keen on introducing a CBDC. Trump
The chief executive officer of JPMorgan, Jamie Dimon, made news when he warned against Bitcoin investments in a recent CNBC interview. The comment is the most recent in Dimon’s string of criticism directed against Bitcoin. Cryptocurrencies like Bitcoin have had Jamie Dimon’s skepticism for quite some time. He has further
NEW YORK–(BUSINESS WIRE)–VanEck announced today that it plans to close and liquidate one of its VanEck ETFs. On January 16, 2023, the Board of Trustees of VanEck ETF Trust approved the liquidation and dissolution of the following fund (the “Fund”): ETF Name Ticker Exchange VanEck Bitcoin Strategy ETF XBTF CBOE
Industry leaders will reveal the results of their votes for the worst (of the worst) risky investment ideas in 2023. NEW YORK–(BUSINESS WIRE)–#NIRD–2023 brought another year of investor lunacy, get rich quick schemes and unnecessary financial risk taking, reinforcing Toews Asset Management’s mission to raise awareness to ludicrous investment trends
A renowned economist and Bitcoin skeptic, Peter Schiff, has lately delivered a dire prognosis. Schiff has stated his opinion in a series of social media postings that the impending regulatory reforms, led by U.S SEC Chair Gary Gensler, might have a major influence on the feasibility and cost of doing
In the wake of Bitcoin’s consolidation following the approval of ETFs, Ethereum (ETH) has emerged as a frontrunner in the crypto market, making notable strides with a 1.65% surge, currently trading at $2,567 with a market cap of $308 billion. The second largest cryptocurrency, ETH, is currently undergoing a corrective
