BlackRock launches new private spot Bitcoin trust
World asset manager BlackRock has reportedly started a new private spot Bitcoin (BTC) trust which is basically of service to institutional clients in the United States. The fund, which is solely open to institutional investors in the United States, aims to monitor the performance of Bitcoin after deducting costs and obligations associated with the trust. […]
Unfortunately For Coinbase, US Supreme Court Rejects Its Appeal
The SEC is investigating Coinbase, the biggest cryptocurrency exchange in the US, for allegedly listing securities on its website. For Coinbase, the Supreme Court’s denial of its exchange’s plea has caused yet another major problem. Coinbase requests that a court date be set According to Bloomberg, the US Supreme Court rejected Coinbase’s request to submit […]
ETH whale transactions reach 2-month high amid Goerli testnet merger
Ethereum transactions have reached a 2-month high of $1,919 as institutional investors saw weeks of inflows amid the Goerli testnet merger. The transfer from Ethereum’s testnet to the mainnet was successfully completed with the merger of the Goerli testnet into the proof-of-stake (PoS) network. The mainnet transfer scheduled for September 19 may occur as planned […]
Mark Cuban faces lawsuit for supporting crypto firm Voyager digital
A class-action lawsuit has been filed against Mark Cuban, it alleged that the billionaire misrepresented the crypto offerings and services by Voyager digital and used his influence to lure inexperienced customers into investing their money. Mark Cuban was sued by The Moskowitz Law Firm in civil court in Southern Florida for advertising Voyager’s unlicensed cryptocurrency […]
UK’s ASA censures Arsenal FC for misleading crypto advertisement
The Advertising Standards Agency (ASA), Britain’s Advertising Watchdog has censured North London-based professional football team Arsenal, for a “misleading and irresponsible” crypto advert. Arsenal has been criticized by the ASA for failing to include any risk warnings that would inform customers of the dangers involved with such crypto assets. The two advertisements posted on the […]