BlackRock SEC filings show company earned $369K trading Bitcoin futures
BlackRock Financial Management has expanded the amount of its Bitcoin futures contracts since Q1 2021, according to a filing with the US Securities and Exchange Commission. As of July 31, the BlackRock Global Allocation Fund had 54 Bitcoin futures contracts issued by the Chicago Mercantile Exchange, according to a Sept. 28 filing with the Securities […]
Ethereum Mining Giant BeePool Has Shut Down Due to China Crypto Ban
The fourth-largest mining organization BeePool, has joined SparkPool, the world’s second-largest Ethereum mining pool, a day after it announced it will discontinue operations. The fourth-largest mining firm has joined SparkPool , the world’s second-largest Ethereum mining pool, a day after it announced it will discontinue operations. The two mining pools are responsible for nearly a […]
XRP Lawsuit: SEC once again invokes the Deliberative Process Privilege (DPP) to prevent discovery
Based on a privilege log provided by the SEC following the August 31, 2021, telephone call, the SEC filed an opposition to Ripple’s (XRP) letter arguing for the addition of three documents to the in-camera review. As part of the latest development in the XRP lawsuit , the SEC filed an opposition to Ripple’s letter […]
Chinese crypto investors increase their purchases despite recent crackdowns
The People’s Bank of China (PBoC) ruled cryptocurrency transactions unlawful last week, marking yet another significant step forward in the country’s ongoing crackdown on cryptocurrencies. Despite this, local investors appear to be unaffected by the decision, as they continue to put their money on the line. In an interview with Bloomberg, some of the local […]
Blockchain firm Northern Data to acquire 33K ASIC miners through Bitfield acquisition
Bitcoin miner Bitfield has announced that it would be acquired by Northern Data, a blockchain and high-performance computing start-up. An announcement made on September 27 stated that all key shareholders had signed a binding purchase agreement for the whole Bitfield firm, which was valued at around $460 million at the time of the signing. According […]