BlackRock, recognized as the world’s largest asset manager, is making significant strides by entering the European cryptocurrency landscape through the launch of a Bitcoin-linked exchange-traded product (ETP). This initiative marks a pivotal expansion for the firm, traditionally dominant in the conventional financial markets. The anticipated fund, reportedly set to be based in Switzerland, is a
Crypto
The universe of blockchain technology and cryptocurrency is famous for its rapid evolution, innovative concepts, and, unfortunately, emerging disputes. Recently, two law firms, Burwick Law and Wolf Popper LLP, have taken a decisive legal stance against a meme coin platform called PumpFun, accompanying their action with alarming allegations of intellectual property infringement. The friction between
The cryptocurrency landscape is rife with innovation, but it also attracts an unsavory element of fraud and deception. A recent incident involving Jupiter, a decentralized exchange aggregator built on the Solana blockchain, starkly illustrates these vulnerabilities. Following a brief but significant compromise of their X account, the repercussions rippled through the market, showcasing how quickly
Jesse Powell, co-founder of the cryptocurrency exchange Kraken, has taken legal action against a high-end co-op board in San Francisco, claiming he faced discrimination due to his connection to the cryptocurrency industry. The complaint centers around Powell’s attempt to purchase a unit in the prestigious 2500 Steiner Street building, located in the affluent Pacific Heights
The contemporary cryptocurrency landscape is rife with debates concerning its future role within the broader financial ecosystem, particularly regarding state involvement. One such discussion centers around the notion of a U.S. Bitcoin reserve. Recently, BitMEX co-founder Arthur Hayes contributed to this discourse with his essay titled “The Genie.” Hayes argues against the establishment of a
The cryptocurrency market has always been a volatile arena, rife with opportunities and pitfalls alike. With prominent figures vocalizing their bullish sentiments, such as Eric Trump declaring it a suitable time to invest in Bitcoin (BTC) on social media, one would anticipate a corresponding market reaction. However, the reality has painted a different picture, as
Ethereum (ETH) finds itself in a precarious position in the cryptocurrency market, currently trading below the psychological barrier of $2,800. This trend marks a significant 24% decrease over the past month, raising alarm bells among investors and analysts alike. While Ethereum has historically played second fiddle to Bitcoin (BTC), this latest downturn has led to
On February 4, the XRP Ledger (XRPL) encountered an unusual challenge as it faced a one-hour outage, halting block production at ledger height 93927173. David Schwartz, Ripple’s chief technology officer, disclosed this news on February 5, noting that while the reason behind the failure is still under investigation, the network remarkably restored itself without substantial
In recent years, the financial landscape across the globe has witnessed a significant transformation driven by technological advancements. Thailand is no exception, as the Thailand Securities and Exchange Commission (SEC) looks to modernize the trading of debt instruments through Distributed Ledger Technology (DLT). This initiative aims not only to streamline trading but also to position
A storm has erupted in the world of decentralized finance (DeFi), centering around the case of 22-year-old Canadian Andean Medjedovic. He has been accused of a sophisticated scheme that allegedly siphoned off around $65 million from notable DeFi platforms, Indexed Finance and KyberSwap. The U.S. Department of Justice (DOJ) made headlines with their announcement on
