Asset management giant BlackRock has recently announced its selection of Coinbase as the key infrastructure provider for its new tokenized investment fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund, as stated by BlackRock, aims to maintain a stable value of $1 per token and distribute daily accrued dividends directly to investors’ wallets
digital assets
The Commodities and Futures Trading Commission (CFTC) has given the green light to Coinbase Derivatives Exchange to list futures contracts linked to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). These new listings are slated to go live on or after April 1, 2024, marking a significant development in the cryptocurrency market. The CFTC’s official
The US Securities and Exchange Commission (SEC) has recently postponed the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs), according to regulatory filings. Investment firms such as VanEck, Ark Invest, Hashdex, Grayscale, and Fidelity have all had their ETF proposals delayed. This has sparked discussions and speculation about the future of crypto ETFs
The UK Financial Conduct Authority (FCA) has recently revealed its intentions to recover £6.4 million ($8.1 million) in costs associated with the supervision of stablecoins and cryptocurrency. This recovery plan involves imposing fees on stablecoin issuers and digital asset custodians to cover the expenses incurred by the FCA in regulating these sectors. The funds obtained
Discover the exciting future of Non-fungible Tokens (NFTs) and how they are revolutionizing digital ownership. Explore the impact, applications, challenges, and the evolution of NFTs in this informational post.
The Government Pension Investment Fund (GPIF) of Japan, known as the world’s largest pension fund, managing assets worth $1.5 trillion, has recently made headlines with its intention to explore diversification opportunities involving Bitcoin. This move is significant as it demonstrates a potential shift in the fund’s investment strategy, which has traditionally been associated with more
The soaring market cap of Solana’s decentralized exchange Jupiter (JUP) has left many crypto investors wondering if it’s too late to jump on the bandwagon. With a fully diluted market cap approaching $15 billion, Jupiter’s valuation now challenges that of the well-established DEX Uniswap. While Jupiter’s 24-hour trading volume surpasses that of Uniswap, signaling its
The Asia Pacific region (APAC) has been making significant strides in the technology industry, with countries like Singapore and Hong Kong leading the way in terms of regulatory frameworks. Singapore, for instance, implemented stablecoin regulation last year, showcasing its commitment to creating a secure crypto ecosystem. This move sets a precedent for other countries to
In a recent thread, Paul Grewal, the Chief Legal Officer at Coinbase, took issue with a letter penned by Senators Jack Reed and Laphonza Butler. The senators called for stricter regulations on Bitcoin exchange-traded funds and urged the SEC to halt the approval of any further cryptocurrency ETF applications. Grewal respectfully disagreed with the senators’
The chances of approval for pending spot Ethereum exchange-traded fund (ETF) applications in May seem to be dwindling due to the recent urging from two US Senators for the Securities and Exchange Commission (SEC) to reject other crypto ETF proposals. Senators Jack Reed and Laphonza Butler advised the SEC to tighten its scrutiny of Bitcoin