Elon Musk Eyes Twitter CEO Role, Gains Key Investors Over the last 24 hours, 19 different parties have put forward $7.1 billion in commitments to help finance Elon Musk’s $44 billion takeover of one of the world’s most popular social media platforms, Twitter. As a result, it is expected that Musk will become Twitter’s temporary CEO once the takeover of the social media firm is official according to an individual familiar with the matter. ...Continue Reading
Why Ethereum is Crucial for the Future of Crypto Mining Last Friday, the deposit contract for staking Ethereum (ETH) on the Beacon Chain reached over 10% of the entire supply, containing over 12 million in Ethereum. Formerly known as ETH 2.0, the deposit contract for Ethereum’s consensus layer now has ETH worth over $34 billion dollars at current prices. The Beacon Chain is a concurrently-running proof-of-stake (PoS) version of Ethereum in which the mainnet is set to merge...Continue Reading
How BlackRock is Shaping the Future of Blockchain with its New ETF Blackrock, an American multinational investment management corporation that is a leader in investment management, risk management and advisory services worldwide, has launched its blockchain ETF, offering its investors exposure to the cryptocurrency sector. Blackrock is the world’s largest asset manager with $10 trillion in assets under management. The asset manager detailed “the Ishares Blockchain and Tech ETF seeks to track the investment results of...Continue Reading
How Goldman Sachs is Embracing Crypto with Bitcoin-Backed Loans In the latest signs that Wall Street is moving towards cryptocurrency, Goldman Sachs has successfully offered its first Bitcoin-backed loan. The secured lending facility lent cash collateralised by Bitcoin owned by the borrower, a spokeswoman for Goldman Sachs said. “We recently extended a secured lending facility where we lent fiat collateralized on BTC; BTC being owned by the borrower,” a Goldman spokeswoman told CoinDesk in an email. “The interesting...Continue Reading
The Australian Prudential Regulation Authority (APRA) has published a letter to Australian regulatory bodies on Thursday setting out its expectations of risk management, as well as a roadmap for digital assets policy through 2025. Chairman Waynes Byres detailed in the letter “while activities associated with crypto assets are still relatively limited in Australia, the potential scale and risks of such activities could become significant over time”. The letter instructed Australian regulatory bodies undertaking digital asset activities...Continue Reading
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