Category: crypto

BlackRock has added Anchorage Digital Bank N.A. as an additional custodian for its iShares Bitcoin Trust. This dual-custodian model enhances redundancy and risk mitigation for the trust. The move reflects BlackRock’s expectations of increased Bitcoin holdings and the need for operational flexibility. The addition of Anchorage, a federally chartered digital asset bank, aligns with regulatory…

The NYSE has approved listing a new XRP-based ETF, the Teucrium 2x Long Daily XRP ETF (XXRP), set to launch on April 8. XXRP aims to deliver double the daily performance of XRP using swap contracts. The approval drove XRP’s price up by 7%, reaching $1.87. This comes as no spot or futures XRP ETF…

Australia’s financial regulator, ASIC, has closed down 95 companies involved in crypto and romance scams due to misconduct and fake registrations. These companies operated under false identities, posing as legitimate services, and were part of a larger scam network using a fraudulent model. Victims were deceived into fake investment opportunities. Despite ASIC’s efforts, scams persist,…

Binance co-founder CZ Zhao has been appointed as a strategic adviser to the Pakistan Crypto Council, signaling the country’s commitment to blockchain innovation. The council aims to advance digital asset policies and promote responsible blockchain development. With Zhao’s guidance, Pakistan hopes to become a leader in the web3 economy.

The Bank of Canada published a staff discussion paper on March 21, analyzing the relevance of flash loans for policymakers and potential risks. Flash loans are blockchain-native tools that allow users to borrow crypto without collateral if repaid in a single transaction. The paper also raised concerns about financial stability and documented the development and…

A Nigerian court has adjourned a tax evasion case against Binance to April 30 to allow the tax authority time to respond. The Federal Inland Revenue Service is seeking $2 billion in back taxes and $79.5 billion in damages. Binance is registered in the Cayman Islands and is not officially licensed in Nigeria.

Pierre Rochard announced the launch of The Bitcoin Bond Company, aiming to acquire $1 trillion in BTC by 2046 for clients. The company will offer structured finance products bridging institutional capital with Bitcoin, targeting credit allocators and risk-takers. Rochard sees Bitcoin as a strategic collateral asset with increasing market recognition.

Bitcoin has shown resilience in the face of global market volatility due to aggressive US tariffs. Despite a pullback, it has outperformed other cryptocurrencies and equities. Long-term holders are accumulating BTC, indicating potential as a safe-haven asset. Bitcoin’s correlation with equities has increased, but its correlation with gold has decreased. Its performance may hinge on…

Repayments of on-chain loans using stablecoins can indicate liquidity shifts and volatility spikes in Ethereum’s price. A recent Amberdata report found that frequent repayments correlate with increased ETH price fluctuations. Other lending metrics, such as withdrawal amounts, also impact market sentiment. Repayment activity is seen as an early indicator of changes in liquidity conditions and…

The SEC will host a crypto regulation roundtable on April 11 with executives and advocates who clashed with the agency. The session, titled “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading,” signals a shift in the SEC’s strategy under Acting Chairman Mark Uyeda and Commissioner Hester Peirce’s Crypto Task Force. Panelists…