Financial industry major BlackRock has revised the design of its proposed spot Bitcoin exchange-traded fund (ETF), potentially paving the way for Wall Street banks to participate. This adjustment will allow authorized participants (APs) in the ETF ecosystem to create new shares using cash as well as cryptocurrencies, allowing regulated banks such as JPMorgan and Goldman Sachs, which are restricted from directly holding cryptocurrencies, to use BlackRock. You can participate in ETFs as AP.In its latest move, BlackRock gave APs, a critical component of the ETF framework, flexibility to use cash to create new fund shares. These adjustments are important for…
Author: Crypto Flexs
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A16z is leading Dynamic Labs’ $13.5 million Series A round as its web3 authenticator platform simplifies wallet access and ensures web3 login accessibility. The funding round also saw participation from Founders Fund, Castle Island Ventures, Breyer Capital, Nikil Viswanathan, and Alchemy’s Joe Lau. Improved accessibility Dynamic Labs said the funds raised will play a key role in advancing support for Web3 builders seeking to improve the accessibility of the industry by integrating embedded or branded wallets and promoting digital ownership inclusivity. Dynamic Labs offers a variety of tools designed to help developers create web3 login experiences that are accessible to…
KuCoin, one of the world’s most popular cryptocurrency exchanges, has reached a major settlement with the New York State Attorney General’s Office. The signing of this deal, which includes a $22 million payment and a pledge to cease operations for New York State residents, marks a significant step forward in regulating cryptocurrency exchanges in the United States. Under the settlement and consent order filed with the New York Supreme Court, KuCoin will pay a total of $22 million to the state of New York. This total consists of a total of $5.3 million paid to the Attorney General’s Office and…
The analyst, who has remained bearish on the cryptocurrency even after correctly predicting a crash in 2022, believes the market price will fall much lower. Pseudonymous analyst Capo told his 81,200 Telegram subscribers that he believes Bitcoin (BTC) and the rest of the cryptocurrency markets are about to witness a resumption of a bear market. But before the next downturn occurs, Capo predicts that Bitcoin, Ethereum (ETH), and some altcoins could experience one more rally. “So the main low time frame idea is: It pumps from here to form lower highs (around $43,000-$44,000 for BTC and $2,300-$2,400 for ETH). Some…
Shiba Inu is bucking the recent bearish trend, especially with the growing adoption of Shibarium Layer 2 networks. This time, it’s the large holders that are driving the bullish returns. In particular, these large holders have increased net flows by more than tenfold. Shiba Inu Large Holder Netflow Jump 1079% Net flows to large Shiba Inu holders have increased significantly, according to on-chain data tracker IntoTheBlock. These large wallets have seen net flows (the total difference between inflows and outflows) increase by 1079% since December 10th. In total, net flows from these large wallets reached a whopping 4.68 trillion SHIB.…
Cantor Fitzgerald CEO Howard Lutnik recently shared insights on the future of the cryptocurrency industry, highlighting Tether and Bitcoin on the CNBC Money Movers podcast. As CEO of a global full-service financial services firm including institutional wealth, investment banking, commercial real estate, and bond custody, Lutnik provides a unique lens through which to view the intersection of traditional finance and the evolving digital asset landscape.Setting the macroeconomic picture, Lutnik said the Fed would likely take a steady approach to interest rate adjustments, predicting significant defaults in the real estate sector in 2024. He also suggested that these defaults may not…
The Israel-Gaza war has once again thrown the spotlight on crypto, with anti-crypto politicians seizing on exaggerated reports of crypto being used to finance terrorism to introduce harsh new legislation with the potential to crush the industry. Three days after Hamas carried out its brutal Oct. 7 attack, The Wall Street Journal published an inflammatory article stating that in the past three years, U.S.-designated terrorist organizations such as Hamas, Palestinian Islamic Jihad and Hezbollah had raised $134 million in crypto.The article — later corrected following an online backlash — became ammunition for the anti-crypto army in Washington, which cited it…
Shiba Inu is bucking the recent bearish trend, especially with the growing adoption of Shibarium Layer 2 networks. This time, it’s the large holders that are driving the bullish returns. In particular, these large holders have increased net flows by more than tenfold. Shiba Inu Large Holder Netflow Jump 1079% Net flows to large Shiba Inu holders have increased significantly, according to on-chain data tracker IntoTheBlock. These large wallets have seen net flows (the total difference between inflows and outflows) increase by 1079% since December 10th.advertising In total, net flows from these large wallets reached a whopping 4.68 trillion…
Mantle Network Launches Mantle Learn with HackQuest to Onboard Web2 Developers to Web3 – Chainwire housenewsroomMantle Network Launches Mantle Learn via HackQuest to Onboard Web2 Developers to Web3 We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications…
OKX’s decentralized exchange (DEX) integrator appears to have suffered $2.7 million in damages, according to security analysts.The attack may have been caused by a leak of the DEX’s administrator private keys, security firm SlowMist posted on X. Shortly after, OKX confirmed that a deprecated smart contract for OKX’s DEX had been compromised and promised compensation to affected users.“We regret to inform you that a deprecated smart contract on OKX DEX has been compromised. We have taken immediate action to secure all user funds and revoke contract rights. We are working with relevant authorities to retrieve the stolen funds and will…