BlackRock’s Larry Fink said bitcoin is a legitimate financial asset that everybody should hold. This comes as the asset manager on Monday posted better-than-expected second quarter earnings. BlackRock’s iShares Bitcoin Trust (IBIT) added $4 billion in assets during the quarter. BlackRock (BLK) CEO Larry Fink reiterated his belief that Bitcoin (BTC) is an asset that
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Elon Musk, the owner of the popular social media platform X, has published a new post that triggered a reaction from many X users, including the global cryptocurrency community, and the XRP and SHIB armies in particular. Elon Musk triggers XRP army Musk published a short video with the X logo earlier today, perhaps to
In a recent litigation filed by the SEC against Consensys, the Securities and Exchange Commission has clarified its stance on the classification of several prominent cryptocurrencies as securities. These include Terra Luna Classic (LUNA), Polygon (MATIC), The Sandbox (SAND), Chiliz (CHZ), and Decentrland (MANA). This legal action underscores the SEC’s contention that these digital assets
Nate Geraci, president of ETF Store, predicts the imminent approval of the spot Ethereum (ETH) exchange-traded fund (ETF). Analysts and industry leaders, including Matt Hougan from Bitwise Asset Management, have echoed Geraci’s optimism. They believe the approval could drive substantial interest and investment in Ethereum, potentially reshaping the market and broader crypto industry. Industry Experts
China is rumored to reconsider its Bitcoin ban by Q4 2024, potentially signaling a policy shift in its stance on cryptocurrencies. Since 2013, China’s bans on crypto have included prohibiting financial institutions from Bitcoin transactions, ICO bans, and shutting down exchanges. If China lifts its crypto ban, global crypto markets could see a significant boost
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According to breaking information, US presidential candidate Donald Trump was attacked during his rally in Pennsylvania. Shots were opened at Trump during the rally. Immediately after this attack, Trump was removed by secret service agents and police. Trump was seen raising his fist in the air and giving a “I’m fine” message as he got
The US Securities and Exchange Commission (SEC) to conduct a closed-door meeting next week to discuss key topics. These are institution and settlement of injunctive actions and administrative proceedings, resolving litigation claims, and enforcement proceedings. The back-to-back meeting has sparked speculation on potential implications for Ripple, Binance, and the crypto market.