BlackRock Makes $400M Investment in Crypto Miners
BlackRock, a large investment firm, currently holds a 0.35% stake of its total $117.6 billion worth in four cryptocurrency mining companies, according to data from Finbold and CNN.
Robinhood Crypto Wallet Adds Custody, Send and Receive Support for Bitcoin and Dogecoin
Only six months after launching its own crypto wallet, Robinhood has added “custody, send, and receive support” for Bitcoin and Dogecoin, as well as enabling Ethereum swaps.
Bloomberg: A Spot Bitcoin ETF Could Be Approved This Year
Analysts James Seyffarth and Eric Balchunas of Bloomberg now estimate the likelihood of a spot Bitcoin ETF launching before the end of 2023 to be 75%, after Grayscale’s legal victory over the SEC.
US Congress Accuses Fed of Creating Barriers to Stablecoins Issuance by Banks
A group of congressional members have written to the Federal Reserve System’s leader Jerome Powell expressing their concern that the recent moves from the Fed to increase oversight of banks’ cryptocurrency dealings will impede the progress of the bill to regulate stablecoins.
Falling to $10,000 Won’t Hurt Bitcoin: Expert
Bloomberg Senior Analyst Mike McGlone has compared Bitcoin metrics to the stock market and concluded that even if BTC dropped to $10,000, it would still keep its remarkable performance.
Grayscale’s Victory Over SEC Drives Coinbase’s Shares Up by 14%
Coinbase’s stock jumped 13.9% yesterday, the trigger for this surge was Grayscale Investments successfully pushing for Coinbase’s Bitcoin trust to become an ETF.
HashKey Starts Offering Bitcoin and ETH Trading to Retail Investors in Hong Kong
On August 28, HashKey, an SFC-licensed exchange platform, launched Bitcoin and Ethereum trading services for both institutional and retail clients.
