Franklin Templeton, a global investment firm managing over $1.5 trillion in assets, is exploring the launch of a Bitcoin Exchange-Traded Product (ETP) in Europe. As institutional interest in the crypto market continues to grow the company joins other major financial players like BlackRock and 21Shares which have already introduced similar
The crypto market’s consolidation phase seems to be here to stay, judging from the past few weeks’ actions. Bitcoin has once again docked at the $83,000 range, which has caused altcoins to pause their recovery. Meanwhile, particular altcoins have managed to retain their bullish trends in the sector. Notably, the
The recent market crash has sparked tremendous debate within the digital assets community. While most take a negative outlook, a few members such as asset manager Ark Invest CEO Cathie Wood have a varied perspective. Wood believes that this could be the final leg of a rolling recession, meaning upward
Blackrock, the world’s biggest asset manager, is launching a Bitcoin exchange-traded ETP product in Europe. The fund, based in Switzerland, will be its first foray into the European market in the crypto-linked ETP arena. According to a Bloomberg report, Blackrock can begin marketing the product as soon as this month.
The fully-regulated global cryptocurrency exchange, Backpack Exchange, has announced the purchase of FTX EU—the MiFID II-authorized European subsidiary of the collapsed FTX. This acquisition was examined and authorized by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC). Notably, the FTX EU’s MiFID II licence, obtained under
Schuman Financial, a cryptocurrency firm founded by former Binance executives Martin Bruncko and Eduardo Morrison, has launched EURØP, a euro-backed stablecoin. This move comes as Europe prepares for the final enforcement deadline of the Markets in Crypto-Assets Regulation (MiCA) at the end of 2024. EURØP is a 1:1 pegged stablecoin,
London-based fintech firm Revolut announced Wednesday that it is expanding its cryptocurrency platform, Revolut X, to serve users across 30 new markets in Europe. Targeted at experienced traders, the platform is set to provide access to a wide selection of digital assets, along with tools for real-time analysis and market
The USA has been shifting major blocks within the crypto regulatory landscape over the last few days alone. Particularly, President-elect Donald Trump in the last 24 hours, announced the initiation of the Department of Government Efficiency (DOGE) appointing Elon Musk and Vivek Ramaswamy in leading positions. On the other hand,
The crypto biometrics project, Worldcoin, co-founded by OpenAI’s CEO, Sam Altman is shifting its focus away from Europe. The managing director of its Europe entity, Fabian Bodensteiner stated that countries in the Asia-Pacific (APAC) region, such as Japan and Malaysia, as well as the Latin American jurisdictions such as Argentina,
The retail investing platform Robinhood announced the launch of cryptocurrency transfers for its European users. This enables the Robinhood customers to deposit and withdraw more than 20 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC). Moreover, for a limited time, the platform offers
