Category: Blockchain

SEC’s Filing Shows Blackrock Made $369,137 Profits on Its Bitcoin Futures

A current filing with the US Securities and Exchange Commission (SEC) shows that BlackRock Inc has expanded a variety of its Bitcoin futures contracts since Q1 2021. On Tuesday, September 28, a filing to the SEC indicates that BlackRock investment management firm has made $369,137 on Bitcoin futures since July. According to the filing, Blackrock Global

U.S. Payment Network Affirm Promotes Crypto Trading Services via Debit Card

On Tuesday, American payment company Affirm announced that it plans to launch a debit card that will add cryptocurrency buying and selling functions, allowing users with affirm’s savings accounts to buy and sell cryptocurrencies freely. Affirm Holdings Inc. stated that it is working hard to become the next group of “super apps” globally for banks and

CFTC Slams Kraken with $1.25M for Illegal Market Operations

On Tuesday, the United States Commodity Futures Trading Commission (CFTC) announced it has issued an order filing and settling charges against Payward Ventures, Inc, the parent company of Kraken, an American digital currency trading platform. Per the announcement, Kraken is required to pay the sum of $1.25 million for illegally offering margined retail commodity transactions in

US SEC Names CFTC Commissioner Dan Berkovitz as Incoming General Counsel

More leadership changes are coming to the United States Securities and Exchange Commission (SEC) as the market regulator has announced Dan Berkovitz as the next General Counsel for the agency. In a double announcement on Tuesday, the market regulator said its current General Counsel, John Coates, will leave the agency in October, opening the door

Institutional Investors Turning Bullish on Crypto: Survey Suggests

A new survey from Nickel Digital Asset Management (Nickel), a European investment manager dedicated to the cryptocurrency industry, has highlighted the increasing bullish stance of institutional investors in the ecosystem.  Drivers of Institutional Investors’ Bullish Stance Per the survey featuring institutional investors and wealth managers who have no prior exposure to crypto, across the United

CoinMarketCap, CoinGecko, TradingView Blocked in China after Toughened Cryptocurrency Clampdown

In a further attempt to impose a crackdown on the cryptocurrency sector in mainland China, three popular cryptocurrency market data platforms – TradingView, CoinMarketCap, and CoinGecko – users are now inaccessible in China. On the contrary to claims that the three most popular crypto market data sites decided to cut off Chinese IP addresses actively, CoinMarketCap,

Facebook Sets up $50M Investment Fund for the Development of Metaverse

Online social media and social networking service platform Facebook today announced a two-year grant of $50 million to strengthen the interpersonal connection between reality and virtual reality and consumer hardware and to promote the development of Metaverse products. Metaverse is a combination of the prefix “meta”, meaning beyond, and “universe”, which refers to shared virtual

Bitcoin Supply on Exchanges Slip to Lows Last Seen in May 2019 Amid the Lightning Network Recording Exponential Growth

Bitcoin (BTC) supply on crypto exchanges has been nosediving because it hit a 28-month low. Crypto analytic firm Santiment explained: “The supply of Bitcoin sitting on exchanges has fallen to levels not seen since May 2019. This is a solid indication of less sell-off pressure for BTC.” This metric shows that Bitcoin outflows

Morgan Stanley Sees Crypto-Focused Bank Silvergate Shares Gain Up To 52% Rise on Positive Business Update

While several financial institutions are wary of Bitcoin and other cryptocurrencies, Morgan Stanley, the fourth largest investment bank globally, has actively been eying investment in crypto assets. In a research note on Monday, September 27, Morgan Stanley recommended the stocks in Silvergate, which provides commercial banking and lending services to cryptocurrency companies. As a result,