Author: News Room
The asset management giant BlackRock’s (BLK) clients have “a little bit” interest in Ethereum, compared to bitcoin (BTC), head of digital assets Robert Mitchnick said. “I can say that for our client base, bitcoin is overwhelmingly the number one focus and a little bit Ethereum,” he said during a fireside chat at the Friday Bitcoin Investor Day conference in New York. For every other crypto asset, he said, demand is “very, very little.” Perhaps it’s only fitting that when asked about if BlackRock will be launching an exchange-traded fund (ETF) related to memecoin dogwifhat (WIF) anytime soon, Mitchnick said he…
The European Union Parliament has taken a significant step by outlawing unidentified self-custody crypto wallets for making payments across the region. A recent social media post by Patrick Breyer, an EU Parliament member, revealed that the ban received approval from most of the parliament’s leadership committee on March 19. This move is part of the EU’s broader anti-money laundering (AML) legislation. How Europe’s New AML Regulations Impacts Crypto The new regulations ban all anonymous crypto payments and cash transactions above certain limits. Specifically, they prohibit cash payments exceeding €10,000 or anonymous cash transactions beyond €3,000. The ban also targets self-custody…
Bitcoin exchange-traded funds (ETFs) have significantly impacted the crypto market since their debut in January. Even marker observers have been impressed with the record performance of these financial products. However, Grayscale’s Bitcoin Trust (GBTC), one of the prominent products, has experienced consistent outflows, sparking concerns about its future trajectory. Grayscale’s GBTC Bitcoin Reserve Depletes Arkham Intelligence, a blockchain analytics firm, has forecasted that GBTC could deplete its Bitcoin reserves within the next 96 days if the current rate of redemptions persists. Since its conversion into a spot Bitcoin ETF in January, Grayscale’s Bitcoin balance has plummeted by 266,470 BTC. This…
In recent weeks, Bitcoin.com News has chronicled the significant number of dormant bitcoin addresses that have sprung to life in March after years, if not a decade, of inactivity. Similarly, we’ve observed a resurgence of activity from older ethereum addresses. This Saturday highlighted a noteworthy event: an individual who took part in the Ethereum initial […] Read the full article here
Clients of $10 trillion asset management firm BlackRock are reportedly not showing much demand for the leading smart contract platform Ethereum (ETH). Robert Mitchnick, BlackRock’s head of digital assets, says that the firm’s clients are mostly interested in Bitcoin (BTC), the top crypto asset by market cap, leaving only a “little bit” of demand for the top altcoin, reports Fox Business journalist Eleanor Terrett. “For our clients, Bitcoin is overwhelmingly the number one priority. And then a little bit Ethereum, and very little everything else.” Mitchnick also says he acknowledges that the digital asset community wants BlackRock to create a long…
Despite criticisms for the alleged abandonment, Cardano remains one of the top blockchain protocols in terms of GitHub activity. According to the data compiled by IntoTheBlock, Cardano has once again surpassed Ethereum and other major Layer-1 blockchains such as Avalanche, Litecoin, and Tron in GitHub commits, reflecting its leading position in developer engagement. Between March 11 and 17, Cardano registered 978,780 commits on GitHub, exceeding its closest competitor, Ethereum, which recorded 407,170 commits during the same period. The blockchain intelligence platform’s data further revealed that Avalanche has a commit count of 315,770, while Litecoin and Tron stand at 84,110 and…
Coinbase’s Layer 2 solution, Base, has surpassed $2 billion in Total Value Locked (TVL), marking a 43.61% surge over the past week. This milestone reflects the growing traction and interest in this network, particularly focusing on meme coins and airdrops. Coinbase’s Base Network on the Rise Base, engineered on the Optimism tech stack, has been pivotal in scaling Ethereum by enhancing transaction speed and reducing costs, all while maintaining the robust security of the Ethereum mainnet. The success of Base can largely be attributed to its parent company, Coinbase. This is a behemoth cryptocurrency exchange with a valuation surpassing $60…
The Shiba Inu team lead, known by the pseudonym Shytoshi Kusama, seems to be continuing with his travels around the globe. The SHIB community keeps watching his location tags changing on X/Twitter. The most recent one has raised a heated and rather humorous discussion among members of the SHIB community. Here’s where the mysterious Shytoshi Kusama has been spotted this time around. Kusama heads for the Maldives, here’s potential reason Japanese SHIB army member @kuro_9696_9696 has tweeted to spread the word about Shytoshi Kusama’s new location – the Maldives. On March 19, he was spotted in New York City thanks…
A brief bullish wave on Tuesday convinced investors that this week’s retrace was temporary and that cryptocurrencies were ready to resume their ballistic rallies. However, a 2.6% drop in Ethereum price in 24 hours seems to be dimming the hope for an immediate U-turn toward all-time highs. Read the full article here
With the larger part of the cryptocurrency market getting closer to ending the week in the red zone, Binance Coin (BNB) is no exception, but artificial intelligence (AI) platforms envision recovery, more bullishness, and further increases as it moves toward the end of this year. As it happens, Binance Coin has had a rough week, much like the rest of the cryptoverse, during which it has lost over 5% to its price, with its losses continuing in the last day while its gains since the beginning of 2024 remain strong – above 75%. BNB price prediction 2024 In particular, one…