Grayscale’s GBTC distorts the ETF picture Daily Market Watch One of the primary drivers of crypto’s appreciation are easing monetary conditions. Last cycle, Covid-19 fiscal and monetary policy measures kicked off the bull market. Lower interest rates, furlough and stimulus checks, meant individuals had more time, and money, on their hands. Many chose to delve into financial markets with their additional resources. This was a perfect storm for the crypto market - growing nearly 28 times within 20 months. Is the perfect storm this time not going to include a world-halting pandemic and simply be crypto ETF adoption?
E.T.? Regulation Update The surge of institutional interest in digital assets and blockchain technology over recent months shocked many after last year’s crypto meltdowns. But the U.S. Securities and Exchange Commission's (SEC) January approval of bitcoin exchange traded products (ETPs), the FCA’s recent update and approval of cryptoasset-backed Exchange Traded Notes (cETNs) for professional investors, BlackRock's bitcoin exchange traded fund (ETF) hitting the $10 billion mark faster than any other in history, and now their SEC filing last week for the USD Institutional Digital Liquidity Fund to invest in tokenised assets, all mark a milestone in the evolution and wider adoption of Web3 technology across financial services.
Building Blocks: the future is multichain Building Blocks In the rapidly changing world of blockchain, the future appears to be multichain. But what does it mean to be multichain, and why is it crucial for the growth and adoption of decentralized technology? Let's dive into the topic of interoperability and explore the solutions that are shaping the blockchain industry.
SEC probes if Ethereum is security as ‘final battle’ looms March 25, 2024 In reference to computer games, there is a concept of the 'final boss' in crypto folklore. For crypto, the 'final boss' is the government. The SEC's decision to issue subpoenas to crypto companies are an attempt by the agency to classify Ethereum as a security and therefore put it under its jurisdiction. SEC Head Gary Gensler may well see this as the final chance to keep the 'genie' of decentralised finance in the bottle by severely increasing the regulatory risk for crypto projects.
Base’s boom causes problems at Coinbase March 22, 2024 On Wednesday, the market made a strong reversal, as the Federal Reserve maintained interest rates at 5.25%-5.50%. However, ETF investors were not convinced. Net outflows for Wednesday stood at $261 million - the third day in a row of outflows. BlackRock’s IBIT maintained its undefeated inflow streak. However, it experienced its second lowest daily inflows of $49.2 million. Even with this week’s outflows, the market showed it does not have to rely on the ETF flows to have a good time.
SEBA Bank undergoes name change to AMINA November 30, 2023 Swiss crypto bank SEBA - one of the first FINMA-regulated institutions to provide crypto services - has rebranded to AMINA Bank AG.
COP28 ‘talking shop’ is all well and good, but actions still speak louder than words November 30, 2023 There is no time to waste, as the speakers and delegates at COP28 will tell us over the next few days - so what are we waiting for?
Adoption of financially inclusive DeFi November 30, 2023 Kurt Nielsen President of Partisia Blockchain on driving adoption of DeFi and its role in bringing financial inclusion to the world.
Closing the digital divide is essential to achieving environmental justice November 30, 2023 Katia Shabanova takes a look at emerging eco initiatives which are turning to cryptocurrency to help boost contributions.
Bitcoin holding steady just below key $38,000 line November 30, 2023 Bitcoin failed to find the support from investors it needed to maintain its momentum above $38,000 and is down by 0.5% at $37,710.