BlackRock Registers iShares Ethereum Trust in Delaware
BlackRock has registered an Ethereum trust in Delaware, which may be an initial step toward establishing a spot Ether exchange-traded fund (ETF). BlackRock registered its Bitcoin trust before submitting an application to the United States Securities and Exchange Commission for a Bitcoin ETF in June. Registration of the entity occurred on November 9, per the […]
Xapo Bank Adds Ethereum, Cardano, Polygon Crypto Assets
Xapo Bank announced that it has added three cryptos to its platform: Ethereum (ETH), Cardano (ADA) and Polygon (MATIC). Prior to 2018, the bank—which obtained a complete banking license in Gibraltar—only permitted its clients to retain fiat currencies, including US dollars and British pounds, as well as Bitcoin and stablecoins like USDC and Tether. According […]
BlackRock Files First Ethereum Spot ETF
BlackRock files for ETH spot ETF registration in Delaware, setting a pace that may see the firm extend its application to the SEC soon. Global asset management behemoth BlackRock has filed a document hinting at a potential proposal for an Ethereum-based exchange-traded fund, indicating interest in growing the range of cryptocurrency funds it offers. The […]
Microsoft Partner with Canadian Firm Photonic in $100M Deal
Photonic, a Canadian quantum computing company, has raised $100 million for its all-silicon quantum computing platform with Microsoft as a new partner, investor, and co-developer. Numerous industry specialists have hailed Photonic’s innovative approach to quantum computing as a “breakthrough” in the field, prompting the investment and partnership. The method of photonics entails the construction of […]
Taiwan Detains Key JPEX Executives Amidst Fraud Investigation
Executives from Taiwan’s JPEX exchange were arrested as part of a cryptocurrency fraud investigation, demonstrating Taiwan’s strict financial compliance laws. Taiwan’s legal authorities have detained prominent JPEX cryptocurrency exchange members embroiled in legal disputes. Chang Tung-Ying, the principal partner, and Shi Yu, an instructor associated with JPEX, were detained by the Taipei District Prosecutors Office […]