The world’s largest asset manager, BlackRock, has updated its spot Bitcoin exchange-traded fund (ETF), shifting risk to crypto market makers. The new model, presented by BlackRock in a November meeting with the U.S. SEC, basically opens the door to Wall Street banks like JPMorgan and Goldman Sachs, who cannot hold crypto assets directly. BlackRock’s Revised In-Kind Redemption “Prepay” Model BlackRock […]

Jimmy Wales, the co-founder of Wikipedia, recently sparked a debate within the Bitcoin and broader cryptocurrency community with his remarks on X (formerly Twitter) on December 11. Wales compared the reliability of traditional banking systems to Bitcoin, leading to a series of responses from crypto advocates and experts. In his X post, Wales sarcastically claimed to have forgotten his bank […]

Shares of Blackboxstocks Inc. (BLBX), a financial technology and social media hybrid platform company, are down more than 19% Wednesday morning after the company said it agreed to acquire Evtec Aluminium Limited. Evtec is a supplier of proprietary mission critical parts for the Electric Vehicle, Hybrid, Performance and Luxury OEM automotive markets. The transaction is expected to close in the […]

Since 2021, El Salvador President Nayib Bukele has purchased over 3,120 bitcoins for the country’s reserves as a hedge against inflation. Now, El Salvador’s much anticipated Bitcoin bonds, also known as Volcano Bonds, have received regulatory approval from the nation’s Digital Assets Commission for an early 2024 issuance. Volcano Bonds Approved For 2024 Launch El Salvador’s Bitcoin bonds have received […]

Shares of SilverBow Resources, Inc. (SBOW) are falling more than 8% Tuesday morning after the energy company upsized secondary share offering to 2.2 million shares from 1.7 million shares. The shares are being sold by an affiliate of Strategic Value Partners, LLC, and SilverBow will not receive any proceeds from the offering, which is expected to close by December 14. […]

On 8 December 2023, David Duong, Head of Institutional Research at Coinbase, along with David Han, Institutional Research Analyst, released their latest weekly commentary on the cryptocurrency market. Duong summarized this commentary on LinkedIn, providing insights into the current trends and future outlook of the crypto market. Analysis of the Bitcoin Rally David Duong notes that the recent Bitcoin rally […]

The ticker for Fidelity Investments’ spot Bitcoin exchange-traded fund (ETF) — FBTC — has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website, marking a substantial step forward in the application process for the Wall Street titan. Is this an indication that the U.S. Securities and Exchange Commission’s (SEC) approval of a highly-anticipated spot Bitcoin ETF is almost here? […]

On December 7, 2023, Jurrien Timmer, the Director of Global Macro at Fidelity Investments, shared his perspective on Bitcoin’s current state and future prospects in a thread on social media platform X (formerly, known as Twitter). His analysis draws parallels between Bitcoin and traditional assets while exploring its unique characteristics. Timmer begins by noting the recent rise in Bitcoin’s price, […]

Cryptocurrencies rebounded in the past 24 hours, aided by a strong performance in the altcoins space. Despite trading in the overnight green zone, Bitcoin under-performed most of the top 10 cryptocurrencies. Though expectations that the SEC would greenlight Bitcoin spot ETFs as early as in January 2024 supported sentiment, anxiety ahead of the monthly jobs data from the U.S. limited […]