Category Archive: Cryptocurrency, No picture
Vanguard CEO Salim Ramji: “We will not be launching crypto ETFs”
Key Takeaways Vanguard’s Ramji firmly rejects the introduction of crypto ETFs. Despite market trends, Vanguard maintains its identity focusing on client-centric strategies. Salim Ramji, Vanguard’s CEO, said the company would not chase market trends that conflict with its core principles and client needs. In an exclusive interview with ETF.com, Ramji stated that Vanguard “will not […]
Wisconsin state boosts BlackRock’s Bitcoin ETF shares, exits Grayscale Trust
Key Takeaways The State of Wisconsin increased its IBIT shares by 447,651 as of June 30. SWIB sold all its shares in GBTC, where it previously held 1,013,000 shares. The State of Wisconsin Investment Board (SWIB) added 447,651 shares of BlackRock’s iShares Bitcoin Trust (IBIT) to its investment portfolio, bringing the total holdings to 2,898,051 […]
US government-associated wallet moves $600 million in Bitcoin
Key Takeaways 10,000 BTC worth around $600 million has been moved from a government-linked wallet. The wallet involved is associated with assets seized from the Silk Road. A wallet connected to the US government transferred over 10,000 Bitcoin (BTC) in the last few minutes, according to data from Arkham Intelligence. This is the address that […]
Riot Platforms becomes largest Bitfarms shareholder with 18.9% stake
Key Takeaways Riot Platforms has become the largest shareholder of Bitfarms with an 18.9% stake. Both Riot and Bitfarms have reported increased bitcoin production despite financial losses. Riot Platforms has purchased an additional 1 million shares of rival bitcoin miner Bitfarms, increasing its ownership to 18.9% of outstanding shares. The move advances Riot’s bid to […]
Bitcoin targets $65,000 as rate cut prospects strengthen, analysts suggest
Key Takeaways US July CPI inflation rate fell to 2.9%, below the expected 3%, potentially triggering a Fed rate cut. Analysts project Bitcoin could reach $64,000 to $65,000 if the Fed cuts rates in September. The US Consumer Price Index (CPI) numbers came out this morning, with the July CPI inflation rate falling to 2.9%, […]
Harris presidency might not be negative for crypto, CoinShares suggests
Key Takeaways Trump selects pro-crypto J.D. Vance as running mate for 2024 election. Harris’ crypto stance remains unclear, potentially less favorable than Trump’s. A recent report by asset management firm CoinShares discusses the potential impacts related to the US elections. While Donald Trump shows himself as a pro-crypto candidate, Kamala Harris might show a balanced […]
Analysts forecast Ethereum to reach $6,000 in 2024
Key Takeaways Analysts predict Ethereum to reach an average of $6,404 by the end of 2024. Ethereum’s transition to proof-of-stake and Layer 2 networks position it for potential growth. Ethereum (ETH) is projected to reach $6,404 by the end of 2024, according to top analysts’ and fund managers’ predictions gathered by CoinGecko. Predictions range from […]
Goldman Sachs holds $238 million in BlackRock’s Bitcoin ETF shares
Key Takeaways Goldman Sachs’s Bitcoin ETF holdings are valued at over $418 million as of June 30. Goldman Sachs is the third largest holder of the IBIT fund. Goldman Sachs holds around $238 million worth of BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), as of June 30, the bank revealed in […]
Coinbase hints at possible wrapped Bitcoin token launch
Key Takeaways Coinbase’s potential cbBTC product follows closely after BitGo’s controversial WBTC management changes. Wrapped Bitcoin tokens allow Bitcoin to be utilized on non-Bitcoin blockchains, primarily Ethereum. Coinbase has hinted at the potential launch of a new product called “cbBTC,” sparking speculation that the US-based crypto exchange may be developing its own wrapped Bitcoin token. […]
Tether invests $3 million in Kem app to boost Middle East financial inclusion
Key Takeaways Tether invests $3 million in Kem app to introduce USDT and drive crypto adoption in the Middle East. MENA region is the sixth-largest crypto economy with $389.8 billion in on-chain value from July 2022 to June 2023. Tether Operations Limited is investing $3 million in Kem, a money transfer and financial management app. […]
