While the SEC has yet to make a decision, BlackRock’s product, known as the iShares Bitcoin Trust, is already featured on the Depository Trust and Clearing Corporation (DTCC) website, signaling its readiness for a potential launch. BlackRock’s iShares Bitcoin Trust Listed by DTCC Despite the U.S. Securities and Exchange Commission (SEC) not yet delivering a verdict on any of the spot Bitcoin ETF applications under review, it seems BlackRock is already making moves to formalize its offering across various platforms. BlackRock Moves Forward Without Bitcoin ETF Verdict This was pointed out by Blo ..read more

With a staggering 100% growth in just two months and a partnership with BitPay, PYUSD is making significant inroads in the merchant sector. PayPal’s introduction of its digital currency, PayPal USD (PYUSD), has stirred considerable interest among financial industry stakeholders, positioning it as a “potential risk to traditional banks.” This sentiment is echoed by John Adams, an expert in the U.S. banking sector and chief editor at American Banker magazine. Adams believes that PYUSD challenges banks due to its potential to make significant inroads in the payment market. His perspective is bol ..read more

After Mastercard ended its partnership with Binance in Latin America and Bahrain in September, possibly due to regulatory concerns, Binance is now set to phase out its Visa debit card in Europe. Binance’s Visa debit card services will come to a halt in the European Economic Area (EEA) on December 20, as announced by the crypto exchange on October 20. This change will not impact Binance accounts. According to a letter from Binance to its customers that surfaced online, the card issuer for Binance, Finansinės paslaugos “Contis” or Contis Financial Services, will cease issuing the card. Contis i ..read more

JP Morgan hints at an imminent simultaneous approval of multiple Bitcoin ETFs, suggesting a healthier competition landscape for investors. Global financial powerhouse, JP Morgan, projects that the U.S. Securities and Exchange Commission (SEC) might soon give the nod to Bitcoin exchange-traded funds (ETFs). In a recent statement, JP Morgan’s experts pointed out that their optimism stems from the SEC’s non-action regarding the Grayscale case. Recall that a court ruled in favor of Grayscale in its litigation against the SEC, following the rejection of its ETF proposal. The court instructed the S ..read more

Yuga Labs, the driving force behind the renowned NFT project Bored Ape Yacht Club (BAYC), has shifted its focus towards its metaverse initiative, Otherside. Yuga Labs, the mastermind behind the prominent non-fungible token (NFT) initiative, Bored Ape Yacht Club (BAYC), has successfully undergone a significant restructuring amidst the industry’s ongoing challenges. On October 17th, Yuga Labs’ CEO, Daniel Alegre, took to X (formerly known as Twitter) to announce the completion of the company’s previously disclosed restructuring process. Potential Acquisition of Activision Blizzard May Pave the ..read more

In a bold nod to the digital age, MoMA has integrated its first-ever NFT, a masterpiece by the visionary artist Refik Anadol, showcasing the evolution of art in the digital era. New York’s prestigious Museum of Modern Art (MoMA) has set a landmark by adding an NFT to its enduring collection, courtesy of the forward-thinking artist Refik Anadol. The piece, named “Unsupervised–Machine Hallucinations”, exemplifies how Artificial Intelligence can be harnessed to reimagine and craft art, drawing inspiration from the museum’s extensive archives. This avant-garde addition to MoMA was facilitated thr ..read more

Driven by increasing demand and dealer requests, Ferrari has decided to incorporate cryptocurrencies as a payment method, acknowledging the rising interest of its clientele in digital currencies. Responding to the burgeoning interest in the world of cryptocurrencies, Ferrari has chosen to accept digital currencies as a payment method for its high-end vehicles in the United States. Furthermore, there are plans underway to introduce this payment option in the European market. The Rise of Cryptocurrencies: A Market Potentially Worth Millions in a Short Time In a recent interview with Reuters, Fe ..read more

The Ethereum Foundation offloaded 1,700 ETH amounting to $2.73 million via Uniswap, marking its most significant single transaction in 2023. Despite such sales, the Ethereum Foundation still holds over $500 million in ETH, along with other digital assets. This sale aligns with the recent crypto market volatility and the introduction of Ethereum futures ETFs in the U.S. The Ethereum Foundation has carried out a notable sale on Uniswap, parting with 1,700 Ether (ETH) for a sum of $2.73 million, marking its largest individual deal this year. Through this action, the Foundation has offloaded a to ..read more

China Daily suggests that digital collectibles sold on its platform could potentially be available on platforms like OpenSea and LooksRare. China Daily, an English-language newspaper owned by the Publicity Department of the Communist Party of China, is setting its sights on establishing its own metaverse and non-fungible token (NFT) platform. According to a recent announcement, China Daily will allocate 2.813 million yuan (approximately $390,000) to an external contractor capable of crafting the NFT platform within the set budgetary specifications. The contractor can be “either Chinese or for ..read more

The creators of Bored Ape Yacht Club, Yuga Labs, joins the roster of crypto companies downsizing. The company’s restructuring aims to prioritize its metaverse, Otherside. In the wake of Ledger, a renowned cryptocurrency hardware wallet maker, announcing a 12% staff cut, Yuga Labs has now followed suit, revealing its own downsizing measures. Yuga Labs’ CEO, Daniel Alegre, shared in a recent blog post that the company is undergoing a restructuring phase, which unfortunately means letting go of some team members. “After careful deliberation, I’ve concluded that we need to reshape Yuga Labs’ team ..read more