Why BlackRock is bullish on blockchain, but not bitcoin

BlackRock has no plans to launch a bitcoin product, but is bullish on the blockchain technology that underpins cryptocurrencies, according to one of its most senior executives. “In terms of the underlying technology of blockchain, it is incredibly innovative and incredibly disruptive,” Salim Ramji, global head of iShares and index investments at BlackRock told Financial … Read more

4m Kenyans suffer crypto crash losses

Currencies 4m Kenyans suffer crypto crash losses Tuesday June 21 2022 The ongoing meltdown in the cryptocurrency industry could push an estimated four million Kenyans who hold the digital assets deeper into losses as the leading crypto Bitcoin struggles to stay above the key level of Sh2.3 million ($ 20,000). The crypto market, known for … Read more

ProShares is launching a short bitcoin ETF this week

A Bitcoin coin lies on a screen showing the Bitcoin – US dollar exchange rate. Fernando Gutierrez-Juarez | picture alliance | Getty Images Eight months after establishing the first US bitcoin futures ETF, ProShares plans to launch the first short bitcoin-linked ETF on Tuesday in the US, the provider of investment products announced Monday. The … Read more

Bitcoin sinks below $ 20,000 as crypto meltdown intensifies

Crypto investors are grappling with aggressive interest rate hikes from the US Federal Reserve and a worsening liquidity crunch. Bloomberg | Bloomberg | Getty Images Bitcoin dropped below the $ 20,000 mark on Saturday, extending a brutal slide in cryptocurrencies. The price of bitcoin fell 9% in 24 hours to $ 19,217.81, according to Coin … Read more

The Fintech Files: BoE steps in on stablecoins, while Lord Agnew and Starling spat

The implosion of the stablecoin TerraUSD and its paired cryptocurrency luna sent shockwaves through financial markets – and turned some heads in the British government, too. But not everyone is a fan of the idea. “I’d question the timing, post-Terra blow up,” Ian Taylor, chief executive of industry body CryptoUK, said of the consultation. “I … Read more

Bill to limit cryptocurrency mining passes New York Legislature

New York lawmakers have passed a milestone environmental measure designed to tap the brakes on the spread of cryptocurrency mining operations that burn fossil fuels. Both supporters and opponents say that the closely watched bill, approved early Friday by the state Senate, is the first of its kind in the US If it becomes law, … Read more