Asset management company BlackRock has launched its blockchain-ETF in Europe.The iShares Blockchain Technology UCITS ETF is designed to track the New York Stock Exchange FactSet Global Blockchain Technologies Index. The index includes 35 companies from around the world. The European ETF is listed on Euronext under the ticker symbol BLKC.75% of the index is accounted for by companies whose primary business is blockchain-related, including mining firms and exchanges. Another 25% comes from companies that support the blockchain ecosystem, whether they are payment or semiconductor companies.“We believe that digital assets and blockchain will become increasingly relevant to our clients as options for their use expand in volume, scale and complexity. The continued proliferation of blockchain technology underscores its potential across many industries,” said Omar Mufti, BlackRock’s head of products.Earlier, the company launched a spot bitcoin trust for U.S. institutional clients.
The Ministry of Economy of the United Arab Emirates (UAE) will open its own office in the meta universe. According to Gulf News, the announcement was made on September 28 by UAE Economy Minister Abdullah bin Touk Al Marri.“It’s not a concept, it’s our actual third address,” the minister said.The ministry now has two offices, in Abu Dhabi and Dubai.The digital office will feature the full range of services that are provided at the UAE Ministry of Economy’s actual offices. In it, visitors will be able to negotiate and sign contracts using their own avatars.“Our digital address is a complete ministry building. Each floor can serve a different purpose. The visitor will receive a virtual ticket/token, and a notification will be sent to our customer satisfaction center allowing the visitor to enter our office in the meta-universe,” he added.
Kazakhstan is ready to legalize the mechanism of conversion of cryptocurrency into cash, said the President of the country Kassym-Zhomart Tokayev.“At the site of the international financial center “Astana” on a special pilot project, conversion of cryptocurrencies is already carried out. For this purpose quite innovative changes were made in the national legislation and regulatory environment. And we are ready to go further. If this financial instrument shows its further demand and safety, it will certainly get full legal recognition”, – stated Tokayev.Speaking at the Digital Bridge 2022 international forum, Tokayev stressed that Kazakhstan seeks to become an international leader in digital technologies, the cryptocurrency ecosystem and regulated mining.The president reportedly visited the joint booth of major local lender Eurasian Bank and cryptocurrency exchange Intebix at the Digital Bridge 2022 event.Eurasian Bank and Intebix announced that they jointly completed the bank’s first regulated purchase of cryptocurrency for fiat.ATAIX Eurasia and Biteeu Eurasia crypto exchanges are also participating, as well as Halyk Bank, Altyn Bank and Eurasian Bank.
Commodity Futures Trading Commission (CFTC) Chairman Rostin Benham said that if authorities give the CFTC regulatory authority, it would have significant benefits for the crypto industry.“Growth is possible if we have a well-regulated space. Bitcoin could double in value if the market was regulated by the CFTC,” he said.According to Benham, a clear regulatory framework could pave the way for institutional investors to enter the market.“Existing institutions in the crypto space see tremendous opportunities for institutional inflows, which will only emerge if a regulatory structure is created around these markets. Non-banking (crypto) institutions will thrive with regulatory certainty; they will thrive on a level playing field. They can argue about the type of regulation, but they need regulatory clarity,” Benham added.He also voiced his support for the Digital Consumer Protection Bill because it would give the CFTC regulatory authority and necessary funding.“We don’t have traditional surveillance tools, market surveillance tools, to oversee trading platforms, broker-dealers or similar intermediaries. This is lacking not because of a lack of effort, but because of a lack of jurisdiction,” he concluded.
The SWIFT interbank system has partnered with Chainlink Labs to work on the cross-chain interoperability protocol (CCIP).CCIP is a cross-chain interoperability protocol that is a standard for messaging and communication between blockchains.Chainlink co-founder Sergey Nazarov said the protocol will help accelerate the adoption of distributed ledger technology (DLT) and blockchain, and will benefit various institutions in the capital markets.SWIFT Strategic Director Jonathan Ehrenfeld Sole added that one of the reasons SWIFT has been successful with Chainlink over CCIP is the “undeniable interest” in cryptocurrency from institutional investors. According to Sole, players in traditional finance need access to a variety of digital and traditional assets on one network that can connect different types of assets.He added that a cross-network partnership between Chainlink and SWIFT would help bridge the gap between traditional and digital assets.
According to CoinDesk, co-Head of Sales and Trading of brokerage Genesis Trading, Matt Ballensweig, announced on Wednesday that he was leaving the company.Ballensweig said in a tweet that he would continue to assist the company as an advisor. He has transferred all of his day-to-day responsibilities to his colleagues.Genesis lost lots of top talent in the wake of its losses to now bankrupt crypto hedge fund Three Arrows Capital. Since August, it has seen a 20% reduction in staff, as well as the resignations of CEO Michael Moro and research chief Noelle Acheson, with Head of Derviatives Joshua Lim likely following suit.Author: Katie Lin
According to CoinDesk, the Brazilian Securities and Exchange Commission (CVM) has requested that crypto exchange Mercado Bitcoin provide it with information on fixed-income tokens the exchange has issued over the past two years.The CVM wants to know the amount the exchange raised through the tokens as well as a list of investors who participated.Mercado Bitcoin said in a statement that it didn’t hold offerings of securities outside of its authorized scope.The CVM plans to release a guide advising companies to consult with the CVM before issuing any token that may be considered a security.Author: Katie Lin
Short-Term Trading Assistant just detected a buy signal of XRP/USDT at UTC/GMT 22:00:00 pm, Sep. 28, with the buy price at 0.45 USDT. According to the analytical result from Short-Term Assistant, recently XRP is going strong and showing an uptrend. The next support level below is 0.42 USDT.
Short-Term Trading Assistant just detected a buy signal of ETH/USDT at UTC/GMT 15:00:00 pm, Sep. 28, with the buy price at 1325.77 USDT. According to the analytical result from Short-Term Assistant, recently ETH is going strong and showing an uptrend. The next support level below is 1253.49 USDT.
Short-Term Trading Assistant just detected a buy signal of BTC/USDT at UTC/GMT 15:00:00 pm, Sep. 28, with the buy price at 19387.60 USDT. According to the analytical result from Short-Term Assistant, recently BTC is going strong and showing an uptrend. The next support level below is 18506.43 USDT.
Mid-Term Trading Assistant just detected a sell signal of ETH/USDT at UTC/GMT 04:00:00 am, Sep. 28, with the sell price at 1287.23 USDT. According to the analytical result from Mid-Term Assistant, recently ETH is going weak and showing a downtrend. The next resistance level above is 1428.35 USDT.
According to CoinDesk, Crypto exchange Coinbase Global (COIN) is being sued by blockchain-based software company Veritaseum Capital LLC for infringement on a patent that was awarded to Veritaseum founder Reggie Middleton.According to Veritaseum, CoinDesk has used the patent for some of its blockchain infrastructure.The company is seeking at least $350 million in damages.The lawsuit was filed on Thursday in U.S. District Court in Delaware.Author: Katie Lin
According to CoinDesk, the CEO of bankrupt crypto lender Celcius Network, Alex Mashinsky, has resigned.Chief Financial Officer Chris Ferraro has been appointed as chief restructuring officer, as well as interim CEO for the time being."I elected to resign my post as CEO of Celcius Network today. Nevertheless, I will continue to maintain my focus on working to help the community unite behind a plan that will provide the best outcome for all creditors – which is what I have been doing since the company filed for bankruptcy,” said Mashinsky.The crypto lender, who froze withdrawals in June and filed for bankruptcy a month after, was one of the first crypto companies that fell due to the Terra collapse in May.The Official Committee of Unsecured Creditors, a group of former Celcius customers, had asked for Mashinsky’s removal from the company.They are also considering sueing Mashinsky for any personal damages he owes.Author: Katie Lin
According to The Block, crypto futures and options exchange Deribit has raised $40 million from investors at a $400 million valuation.Deribit’s fundraising comes three months after it took a hit from liquidating Three Arrows Capital’s (3AC’s) positions within the company after the now-bankrupt crypto hedge fund lost nearly $200 million in investment from the Terra collapse. Deribit issued a liquidation application against the exchange in June.According to Deribit’s chief commercial officer, Luuk Strijers, the $400 valuation was essentially irrelevant.“It’s more a clawback of dividends from exiting shareholders. We paid a high dividend before and decided it’s more prudent to strengthen our balance sheet and retain assets instead of distributing them to shareholders,” said Strijers.Strijers believes that a company’s true value isn’t known until it conducts an external value.Current weak market conditions gave investors a large discount. At its last fundraise in August 2021, Deribit was valued at $2.1 billion, raising $100 million.Author: Katie Lin