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Cryptocurrency News Articles
Blackrock News: @BlackRock ammends their Custody agreement with @coinbase - files with @SECGov
Sep 24, 2024 at 11:11 pm
As detailed in the SEC filing, the amendment updates Section 2.1 of the Custodial Services Agreement. Coinbase Custody must now process a withdrawal of digital
BlackRock’s fund management arm recently made a decision that aims to make the Bitcoin spot ETF more appealing to Bitcoin maximalists.
BlackRock is the world’s largest fund management firm. Earlier this year, the United States Securities and Exchange Commission (SEC) approved several Bitcoin spot ETF applications, which were filed by multiple fund managers, including BlackRock. Since then, BlackRock has become the top digital asset fund manager, with its Bitcoin spot ETF fund, IBIT, seeing high trade volumes.
Now, Coinbase Custody has updated its Custodial Services Agreement in a recent SEC filing, mandating that withdrawals of digital assets to a public blockchain address must occur within 12 hours of receiving instructions from the Trust or its authorized representatives. This update applies, provided that specific balance requirements are met.
Blackrock News: @BlackRock ammends their Custody agreement with @coinbase – files with @SECGov As detailed in the SEC filing, the amendment updates Section 2.1 of the Custodial Services Agreement. Coinbase Custody must now process a withdrawal of digital assets to a public… pic.twitter.com/zzhcmzvqoB
This amendment is not intended to satisfy the traders of Bitcoin spot ETF products, Coinbase, or BlackRock, but rather aims to garner support from Bitcoin maximalists.
Over the last 10 days, many Bitcoin enthusiasts have claimed that Bitcoin spot ETF products have caused substantial losses in the Bitcoin spot market, alleging that top fund managers suppress Bitcoin’s trade price due to the delay between actual Bitcoin trades and Bitcoin spot ETF product trades. Some crypto advocates have even speculated that BlackRock and Coinbase create a favorable environment for price manipulation.
Top executives and supporters of Bitcoin spot ETF products have clarified their stance on such speculations, relying on facts to counter the allegations.
However, this latest decision by BlackRock is likely to garner significant support from critics, ensuring that Bitcoin’s trade price is not manipulated, either through financial practices, intentionally or unintentionally.
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- 7 Ways to Get Rich with Cryptocurrency in 2023
- Sep 25, 2024 at 02:25 am
- Cryptocurrency is considered a popular subject that has the ability to attract both freshers and experienced traders. As we enter 2023, many people are curious about how to take advantage of this digital investment opportunity. Although cryptocurrency is considered a risky method for investing, there are successful strategies to enhance the chances of building wealth. This article will look into the top seven ways to get rich through cryptocurrency this year, starting with one of the most promising methods.
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- DOGS Token Holders Vote on the Future of 17.7B Unclaimed Coins
- Sep 25, 2024 at 02:25 am
- The DOGS community has called upon its members to vote on the future of 17.7 billion unclaimed tokens. This vote allows token holders to select one of three options: burning the coins, donating them to charity, or adding them to the project's treasury for future development.
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- EasyA x Polkadot University: Decrypting the Future of Blockchain Education
- Sep 25, 2024 at 02:15 am
- EasyA, the world's leading blockchain education platform, proudly announces the launch of its EasyA x Polkadot University. This will be the world's first university focused on educating the next generation of blockchain developers.
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- Ambire Wallet: A New Generation of Crypto Wallets with Decentralized Governance
- Sep 25, 2024 at 02:15 am
- Ambire Wallet is a self-custodial crypto wallet with “smart” features that make it suitable for both newcomers and more experienced crypto natives.
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- Black Agnus (FTW) Price Skyrocketed 820% in the Last 24 Hours, Will It Continue to Surge?
- Sep 25, 2024 at 02:15 am
- The next-gen meme coin that combines memes with DeFi has seen several major surges and slumps lately, soaring over the past weekend before imploding yesterday.
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- Bitcoin Is Back, and This Time It's Here to Stay, Says Greg Taylor of Purpose Investments
- Sep 25, 2024 at 02:15 am
- After hitting more than US$65,000 in 2021, then sinking to near US$16,000 a year later, the price of BTC has shot back up this year.
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- Predicting October 2024: Crypto Investors Anticipate a Bullish “Uptober”
- Sep 25, 2024 at 02:15 am
- As we step into October, investor outlook is notably optimistic, with roughly 75.3% of investors worldwide expecting a bullish trend commonly referred to as Uptober.
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- W3GG Announces Exchange Listings on Gate.io, MEXC, and Uniswap
- Sep 25, 2024 at 02:15 am
- W3GG, the Yield Guild Games (YGG) backed decentralised gaming protocol, is thrilled to announce the listing of its native token, $W3GG
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- Toncoin (TON) Fundamentals Signal Bullishness as DEX Activity Surges, Targeting STON.Fi as the Market Leader
- Sep 25, 2024 at 02:15 am
- Toncoin [TON], a Layer 1 smart contract platform specialized in financial applications, has been showing an interesting trend in its blockchain activity.