2 years ago
Date: 11 Aug 2022 - 14:15

BlackRock has followed up its Coinbase partnership with its first institutional crypto investment product a private bitcoin trust that offers direct exposure to spot BTC price action.BlackRock has debuted its first investment product offering direct exposure to bitcoin according to a statement issued on Thursday August 12 2022.The product is a private bitcoin trust for institutional clients based in the US that offers direct exposure to the spot price of the largest crypto by market capitalization.According to the company the introduction of the product offering is in response to an increased interest from its big money clients who want to access cryptocurrency. An excerpt from the announcement reads8220Despite the steep downturn in the digital asset market we are still seeing substantial interest from some institutional clients in how to efficiently and costeffectively access these assets using our technology and product capabilities.8221Todays announcement comes shortly on the heels of the 10 trillion asset manager inking a deal with US exchange giant Coinbase.This deal is to enable BlackRock to begin offering crypto investment products to institutional investors via Coinbase Prime.The post BlackRock Makes Crypto Splash With Private Bitcoin Investment Trust Product appeared first on CryptoPotato.
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Asia Broadband Inc. OTCAABB is a resource company centered around the production supply and sale of metals focusing primarily on Asian markets. They acquire highly prospective gold projects in Latin America and then distribute production throughout their extensive global sales network.Asia Broadband currently holds over 100 million in assets a 500 increase from last year. The company is trading in

Shiba Inu is among the crypto markets biggest gainers as the price of the token exploded by 20 over the day.

The Bitcoinloving billionaire Michael Saylor has spent months pushing for rule changes surrounding cryptocurrencies and their accounting procedures. On Wednesday was finally granted his wish.The Financial Accounting Services Board FASB has agreed to adopt fair value accounting procedures for digital assets. This will theoretically make assets like Bitcoin more attractive for companies to hold on t

The post FOMO Reduced In the Crypto Space Santiment Reports appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideThe crypto market has begun a recovery period in the past two weeks. However today the market yet again bled as cryptocurrencies started to plunge.However major cryptocurrencies like Bitcoin and Ethereum among others are still profitable and trading above their

GYM Network is about to launch a groundbreaking product in the DeFi world an affiliate system powered by the BNB Chain smart contract as well as a pool sharing scheme.As part of its ambition to change the field of DeFi GYM Network announced today that an affiliate system for its first product GYMNET Vault will be released soon. The affiliate system is based on smart contracts which means that agre

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With the rise of Bitcoins network effects comes the equivalent demise in legacy finances network effects.Bitcoins price and ecosystem benefit from network effects.As more users join demand pressure increases the price of bitcoin which in turn attracts more buyers in a selfreinforcing cycle. Similarly user growth creates a larger market with more liquidity incentivizing businesses to provide more s

THETA is up by more than 2 in the last 24 hours and could rally higher ahead of its hardfork tomorrow.THETA the native coin of the Theta Network is outperforming the broader cryptocurrency market at the moment. The coin has added more than 2 in the last 24 hours making it one of the best performers amongst the top 50 cryptocurrencies by market cap.The positive performance comes ahead of a major up

Key TakeawaysThree plaintiffs accuse OpenSea of negligence to consumer safety.One of the complaints is also suing LooksRare.Despite setbacks OpenSea and the NFT industry continue to gain popularity.Frequent attacks on the biggest NonFungible Token NFT marketplace OpenSea have created a lot of disgruntled users.Three separate lawsuits have now been filed against OpenSea by users who lost access to

As the stormy waters recede from this months crypto market bloodbath one blockchain network has been washed ashore dead Terra.The networks cofounder Do Kwon has forfeited any attempt at restoring the current chain to its former glory. Hes now advocating to hard fork and start anew with a different cryptocurrency a highly questionable approach with no guarantees of recovering value to harmed inves

Cardax is one of the fastestgrowing DeFi platforms on the Cardano blockchain.Its users can trade ADA exchange one ADA for another within the same transaction.Cardax secured 9M in public funding to grow the platform on Cardano.Cardano Blockchains decentralized exchange DEX Cardax presents itself as a safe and reliable option for investors. By using Cardax users can trade any Cardano Native Token f

The total amount of value extracted through ransomware payments in 2021 is expected to rise above 2020 levels once all the data is sorted through.

The post Solana Avalanche Polkadot 038 NEAR Price To Drop 50 If Bitcoin Crash appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideIf Bitcoin BTC continues to tumble four Ethereum ETH competitors according to a renowned crypto expert have a grim future.Altcoin Sherpa a pseudonymous trader on Twitter warns his 176100 followers that smart contractenabled blockchains Solana S
Two weeks into 2022 and cryptocurrencies as a whole have had a stuttering start.The year opened with a total market cap of 2.2 trillion. Still talk of inflationary pressures and interest rate rises hit hard sparking a selloff which bottomed at 1.9 trillion on Saturday.While we see signs of recovery the looming threat of tightening monetary policy is everpresent. With that crypto sentiment is caugh

Cryptocurrency security firm CertiK expands as a unicorn to join the ranks of blockchainbased businesses with a valuation upwards of 2 billion.CertiK is arguably the biggest blockchain security services provider in the field and has revealed a funding round of 88 million today.The company is valued at 2 billion following the latest round.The B3 was led by Insight Partners Advent International and