A business license to do business in Abu Dhabi, the capital of the UAE, has been granted to BlackRock, a global financial corporation that also issues spot Bitcoin exchange-traded funds (ETFs). The clearance, which was issued on November 18th, demonstrates BlackRock’s desire in expanding into the crypto-friendly region, according to
Similar to a pledge made by US President-elect Donald Trump throughout his campaign, Polish presidential candidate Sławomir Mentzen has pledged to establish a Bitcoin reserve upon his victory in the next election. When asked on November 17 if he would think about creating a Bitcoin reserve, Mentzen said in a
Metaplanet, a Japanese public company, is boldly increasing its Bitcoin holdings through a ¥1.75 billion (roughly $12 million) bond issuance. Becoming Asia’s second-largest corporate holder of Bitcoin and using this strategy to deal with economic challenges. Metaplanet currently owns 1,018 BTC, worth about $92.18 million, making up 19% of the
Bitcoin (BTC), which hit an all-time high of $93,265 five days ago, is currently trading at $90,659.66, reflecting a modest 0.29% daily increase. Despite a 12% weekly gain, its trading volume has dipped by 4%, hinting at a slowdown in momentum. Meanwhile, Renowned crypto analyst Ali has issued a cautionary
The cryptocurrency market is all set to begin another week, and with a headstart, too. Bitcoin’s price has managed to hold above the $90K level, and thus, it might be expected to reach new highs if the bullish cycle is sustained. Meanwhile, Ethereum receded to the 3.1K range over the
As the cryptocurrency industry grows in size and seriousness, certain tokens are beginning to gain acceptance as being able to compete for a position in the top ten by market capitalization. Amid this rush, Rexas Finance (RXS), TRON (TRX), and Near Protocol (NEAR) are the emerging prospects. Here’s a detailed
With its present value sitting at $0.3 after a notable 100% increase in the past week, Dogecoin enthusiasts recently have focused on an aggressive $10 price target. Though some investors are focusing on other coins as optimism rises, most notably Rexas Finance (RXS), this target would represent an amazing 3,000%
As the dust settles on Donald Trump’s return to the White House, the crypto space is hyped about the new presidency’s friendly stance for digital assets and Web3 in general. The global crypto market, which soared past $3 trillion following his election, is optimistic for the next four years to
The United States Commodity Futures Trading Commission (CFTC) has taken a big step toward introducing spot Bitcoin exchange-traded fund (ETF) options. This decision removes a key regulatory barrier, with analysts predicting that these products could soon be available to investors. CFTC’s Announcement On November 15, the CFTC announced that its
Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), is at the centre of mounting speculation that he will step down in the wake of Donald Trump’s return to the presidency. The political transition has reignited debates about Gensler’s controversial tenure, particularly his hardline stance on cryptocurrency regulation,
