Cathie Wood foresees startup M&A surge, $1M Bitcoin under Trump

The start of June saw negative price action across the cryptocurrency market after the U.S. Securities and Exchange Commission brought fresh lawsuits against the world’s largest exchanges, Binance and Coinbase.However, the sentiment quickly turned bullish after a crucial exchange-traded fund proposal was filed by the world’s largest asset management firm, BlackRock, on June 16. A…

The surge in CME Bitcoin futures OI has helped the regulated derivatives platform attain a 25% market share in Bitcoin futures. 127 Total views 1 Total shares The Chicago Mercantile Exchange (CME), a regulated Bitcoin (BTC) Futures exchange, now stands just behind Binance in terms of notional open interest (OI) to rank second in the

The underpinning technology for the U.K.’s CBDC could use an alternative to blockchain technology. The Bank of England (BoE) has made significant developments in its central bank digital currency (CBDC) program. Tom Mutton, director of fintech at the BoE, recently shared insights on the privacy aspect of the CBDC and why the central bank might look…

FTX is "weeding out the competition" with its new selection of tokenized stocks. 420 Total views 3 Total shares Cryptocurrency derivatives exchange FTX has announced it is growing its line of tokenized stock offerings, with the addition of five cannabis-related businesses.The Dec. 16 announcement, tweeted by FTX and Alameda Research CEO, Sam Bankman-Fried, came in…

BlackRock and Goldman Sachs veteran Howard Surloff has joined major crypto wallet provider Blockchain.com as general counsel.Over 25 years in traditional financeAfter serving over 25 years in two of the world’s largest and most-respected financial institutions, Surloff will now be responsible for advancing Blockchain.com’s standard for legal, compliance and corporate governance within the crypto industry, the…

Customers will be able to trade up to $20,000 a week, rather than the originally announced $10,000. 1206 Total views 27 Total shares On Thursday, PayPal's crypto trading and payments went live for all eligible customers in the United States.Per its updated announcement, PayPal ended its waitlist for customers looking to use cryptocurrency in the U.S.…

People familiar with the matter claimed Brett Redfearn's departure was due to Coinbase shifting its priorities away from digital asset securities. 742 Total views 200 Total shares Brett Redfearn, the former director of the division of trading and markets at the United States Securities and Exchange Commission (SEC), has reportedly left his position at Coinbase…

The fintech industry has been changing rapidly. Digital assets, distributed ledger technology and central bank digital currencies are gaining momentum. Multi-trillion-dollar United States Federal Reserve System money creation has increased demand for digital assets, particularly Bitcoin (BTC).Banks, brokers, commercial lenders, investment advisors, private investment funds, family offices, mutual funds, fintech entrepreneurs, lawmakers and private citizens…