Tether’s CEO Confirms $86B Reserve Backing for Stablecoin USDT

CANTOR CEO CONFIRMS TETHER HOLDS $86B IN RESERVE TO BACK ITS STABLECOIN USDTThe CEO of Cantor, Howard Lutnick, has confirmed that Tether, the popular stablecoin, holds a staggering $86 billion in reserve to back its USDT stablecoin. Lutnick made this revelation during an interview with Bloomberg at the World Economic Forum in Davos on January […]

BlackRock Faces Challenges in Marketing Ethereum ETF

BlackRock Plans to Launch Ethereum ETF Following Bitcoin ETFBlackRock, the world’s largest asset manager, is reportedly considering the launch of an Ethereum exchange-traded fund (ETF) following its recent interest in a Bitcoin ETF. While BlackRock CEO Larry Fink has expressed enthusiasm for an Ethereum ETF, there are potential challenges in marketing and selling this product.The […]

BlackRock Faces Challenges in Marketing Ethereum ETF

BlackRock Considers Launching Ethereum ETF, but Faces Marketing ChallengesBlackRock, the world’s largest asset manager, is reportedly considering the launch of an Ethereum exchange-traded fund (ETF) following its recent success with a Bitcoin ETF. However, marketing this new product may not be as straightforward as it seems.Larry Fink, the CEO of BlackRock, has been vocal about […]

Credit Suisse Fund Managers Depart for Lombard Odier’s Alternative Platform

Five Credit Suisse Fund Managers Depart for Lombard Odier Investment ManagersIn a surprising move, five fund managers from Credit Suisse have left the UBS subsidiary to launch a new product on the alternative platform of Lombard Odier Investment Managers. The new fund, which combines discretionary and systematic strategies, is set to be launched in the […]

Abramovich’s Undisclosed Investments in European Startups Revealed

Russian oligarch Roman Abramovich has reportedly invested $63 million in a series of European startups through his association with London-based venture firm Target Global. This information was revealed in a collection of documents reviewed by Forbes. The venture capital fund, which has raised over $3.2 billion of capital and backed at least 15 European tech […]

Hedera Council Allocates $408M in HBAR for Growth and Decentralization

The Hedera Council, the governing body of the Hedera network, has approved the allocation of 4.86 billion HBAR (Hedera Hashgraph native cryptocurrency), equivalent to USD 408.2 million. This move is aimed at bolstering ongoing development and advancing towards more robust decentralized governance.This strategic decision, announced via an official blog post, comes on the heels of […]

SEC Approves Bitcoin ETFs Amid Mixed Reactions and Market Movements

The US Securities and Exchange Commission (SEC) has given its approval for the first set of spot Bitcoin ETFs. This comes after all applicants for the proposed spot Bitcoin ETFs submitted their final amended S-1 applications by the given deadline. However, Vanguard, the world’s second-largest asset manager, has stated it will not allow customers to […]

CoinShares Acquires Valkyrie Funds to Expand US Bitcoin ETF Market

European firm CoinShares is making strides in the U.S. market with the acquisition of Valkyrie Funds, the issuer of a successful Bitcoin ETF. This strategic move comes in the wake of the SEC’s landmark approval for spot Bitcoin ETFs.Valkyrie Funds, a unit of Valkyrie Investments, had a successful launch of its ETF in the U.S. […]

Judge Upholds SEC Claims, Terra Co-Founder Faces Extradition Amid Fraud Allegations

In a significant development in the ongoing lawsuit involving Terraform Labs (Terra) and its co-founder, Do Kwon, a federal judge has upheld multiple key decisions in favor of the U.S. Securities and Exchange Commission (SEC). The judge’s decision confirms that Terra and Do Kwon violated the Securities Act, marking a significant step in a case […]

Ripple and Stellar Lumens Poised to Compete with Swift in Cross-Border Payments

Ripple and Stellar Lumens are making significant strides in the cross-border payments industry, positioning themselves as strong competitors to Swift. The industry is projected to be worth approximately $250 trillion by 2027, and the roles of Ripple Labs and Stellar Lumens in this ecosystem are becoming increasingly important.Ripple’s future in the ecosystem is promising, with […]