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BlackRock’s Bitcoin ETF Hits $1B AUM in One Week
BlackRock’s (BLK) spot bitcoin (BTC) exchange-traded fund (ETF) hit the $1 billion assets under management mark on Wednesday, becoming the first of the recent cohort of bitcoin ETF providers to hit the milestone.The asset manager's iShares Bitcoin Trust (IBIT) started trading on Jan.12.“We are excited to see IBIT reach this milestone in its first week
Crypto and AI: Save Us From the Hype
We’ve seen this before. A radical technological breakthrough spins off applications that promoters insist will revolutionize whatever industry they happen to be targeting. Breathless conferences promise that nothing will ever be the same again. Funding floods in at back-of-the-envelope valuations based on exponential growth. I could be talking about the crypto circuit circa 2016-17. But…
Crypto Exchange Poloniex Announces ‘Pre-Fork’ Trading for Bitcoin Cash
Poloniex announced Tuesday it will be the first cryptocurrency exchange to offer trading for the pending bitcoin cash (BCH) hard fork amid an ongoing debate over the technology's roadmap. Starting Wednesday night, Poloniex, operated by Goldman Sachs-backed startup Circle, revealed it will begin offering customers the option to buy bitcoin cash ABC (BCHABC) and bitcoin…
First Mover: Bitcoin Could Get a Boost From Central Bank Digital Currencies
May 26, 2020 at 12:17 UTCCredit: Shutterstock/Sara CorsoFirst Mover: Bitcoin Could Get a Boost From Central Bank Digital CurrenciesBitcoin prices are caught in a downdraft, after a series of rallies in recent weeks that repeatedly fizzled out at the $10,000 mark. “There is no clear understanding where bitcoin will go,” Yuriy Mazur, head of data…
Crypto Bill Advances Out of House Agriculture Committee
The House Agriculture Committee advanced the Financial Innovation Technology for the 21st Century Act, a day after the House Financial Services Committee did.A few hours after beginning debate and voting on amendments to the bill, which would create a federal regulatory framework for crypto in the U.S., the House Agriculture Committee referred the bill to…
Judge Fines Ripple $125M, Bans Future Securities Law Violations in Long-Running SEC Case
A federal judge imposed a $125 million fine on Ripple after finding last year that its institutional sales of XRP violated federal securities laws. The judge reiterated her view that Ripple's programmatic sales of XRP to retail clients through exchanges did not violate federal securities laws. A federal judge ordered Ripple to pay $125 million
Bitcoin Miner Bitfarms Sinks to Fourth-Quarter Loss as Difficulty, Costs Rise
"Looking ahead, we plan to leverage our existing infrastructure in Argentina and utilize equipment credits to prudently expand our EH/s to 6.0 with our existing assets by year end 2023," President and CEO Geoff Morphy said in the filing. "With our strengthened balance sheet, we are actively evaluating potential acquisitions that we expect to be…
SEC Grants Digital Avatar Firm IMVU Permission to Sell Crypto Tokens
Nov 19, 2020 at 5:14 p.m. UTCUpdated Nov 19, 2020 at 5:26 p.m. UTC(AevanStock/Shutterstock)SEC Grants Digital Avatar Firm IMVU Permission to Sell Crypto TokensThe U.S. Securities and Exchange Commission (SEC) has granted another crypto firm permission to sell its native cryptocurrency. The SEC published a “no-action letter” on Thursday (dated Nov. 17) to IMVU, a digital…