Analysis Today TheBitTimes.com

Larry Fink, CEO of BlackRock, likened Bitcoin to gold a day after spot BTC ETFs went live but forecasted slim chances for cryptos as currency.  Speaking with CNBC on digital assets, ETFs, and tokenization, BlackRock’s CEO noted that the world’s largest asset manager sees value in spot Ethereum (ETH) ETFs as another crypto-related investment product following the successful launch of identical funds underpinned by Bitcoin (BTC), crypto’s biggest token.  Fink clarified that BlackRock views crypto currencies as a prospective asset class , with Bitcoin utility revolving around storing and protecting wealth akin to the popular yellow metal. His comments also alluded to BTC’s hardcoded 21 million supply with the halving upcoming in April, touting scarcity as one factor behind future price increments. Part 2: ETH ETF pic.twitter.com/qnmB7azyQN — Cryptik1.eth | (@Cryptik1E) January 12, 2024 You might also like: Vanguard, other tradfi giants boycott spot Bitcoin ETFs Black...

On November 14, 2023, Crypto.com revealed that its Dubai entity, CRO DAX Middle East FZE, received a Virtual Assets Service Provider (VASP) Licence from Dubai’s Virtual Assets Regulatory Authority (VARA).  The license is contingent upon meeting specified conditions and localization requirements outlined by VARA. Operations can commence upon receiving an operational approval notice from the regulator, as per the latest information shared with Finbold. https://t.co/vCNztATkNg is proud to announce that we have been granted a Virtual Asset Service Provider Licence pending operational approval from Dubai's Virtual Assets Regulatory Authority, building on our position in the #UAE market. Learn more:https://t.co/0anXDLsxTv pic.twitter.com/SgcqSTSqux — Crypto.com (@cryptocom) November 14, 2023 Upon operational approval, the VASP Licence will enable Crypto.com to provide regulated virtual asset services, encompassing exchange, broker-dealer, management, investment, and lending ...

The Korean company Mirae Asset Securities has closed a partnership with Polygon Labs, focusing on the growth of token ized securities networks. Under the partnership, Polygon Labs will work as a Mirae Asset Security Token Working Group consultant. Both companies will put joint efforts into constructing the infrastructure for token ized securities platforms. The partnership’s main aim will be establishing both companies as asset token ization leaders worldwide. Polygon, formerly Matic Network, was founded in 2017 by Jaynti Kanani, Mihailo Bjelic, Anurag Arjun, and Sandeep Nailwal. The project initially aimed to address the scalability issues of the Ethereum (ETH) network. However, in February 2021, the framework was rebranded as Polygon with an expanded goal of supporting the creation and connection of Ethereum-compliant blockchains. Polygon’s main objective is to reduce transaction fees and significantly increase transaction speed on the Ethereum network. By providing ...

Binance.US and the Securities & Exchange Commission (SEC) are racing against a deadline to strike a deal that could prevent a full asset freeze for the exchange. The commission initiated legal action against Binance and affiliated entities on earlier this month. Following that, the SEC requested a temporary restraining order and asset freeze. US District Judge Amy German Jackson on Tuesday encouraged the SEC to find middle ground with Binance.US. Doing so could pave the way for Binance to maintain its operations within the US. Jackson gave the parties until Jun. 15, 5pm ET to figure things out and chose a magistrate judge Zia Faruqui to help negotiations, according to an order filed Tuesday. Binance.US also needs to submit a list of regular expenses by June 14 at 9am ET. Binance.US suspended US dollar deposits last week and warned users that withdrawals could be suspended as early as Tuesday, in preparation for the court session. The SEC also suggested a new deal on Tuesday t...