Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,404,609,410,019.67
  • 24h Vol: $55,478,542,091.54
  • BTC Dominance: 56.53%

Asset Management

blackrock-amasses-$24-billion-in-bitcoin,-approaches-2%-of-total-supply

Blackrock Amasses $24 Billion in Bitcoin, Approaches 2% of Total Supply

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From Jan. 11 to Sept. 26, 2024, Blackrock, the world’s largest asset manager, collected an astonishing 363,626.36 bitcoin, valued at just over $24 billion as of Sept. 27. This accumulation puts Blackrock’s exchange-traded fund (ETF), IBIT, on the cusp of controlling nearly 2% of bitcoin’s total supply. A Look at How Blackrock Quickly Accumulated Billions […]

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Grayscale Launches SUI Trust for Accredited Investors

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On Sept. 11, Grayscale, the digital asset manager, revealed that its SUI Trust is now available to accredited investors eager for SUI exposure. The SUI token, native to the Sui blockchain, powers a layer one (L1) network designed to provide quick transactions and affordable fees. Developed by Mysten Labs, a team of former Meta engineers,

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Blackrock Dethrones Grayscale Becoming World’s Largest Digital Asset Manager 

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Five days ago, Arkham Intelligence revealed that Blackrock, the world’s largest fund manager, was on the brink of overtaking Grayscale in onchain asset value. As of Aug. 21, Blackrock has officially surpassed Grayscale, securing its position as the top digital asset manager in terms of onchain reserves. World’s Largest Fund Manager Just Surpassed Grayscale in

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A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking

Leave a Comment / 100% deposits, 100% Reserves, 30000 banks, 4997 banks, Alternative Finance, Asset Management, Assets, Banking, Banking Reserves, banks, Bitcoin, Central Bank, Compliance, Crypto Hacked, Cryptocurrency, Custodia, Custodia Bank, custody, Custody Services, deposits, Digital Assets, early 19th century, Economics, Economy, Ethereum, Fed, Federal Reserve, Finance, Financial Institutions, Financial Regulation, fractional reserves, Fractional-reserve banking, Global Economy, investment, Liquidity, market, money, narrow banking, narrow banks, New England Banks, Regulation, Reserve Banks, risk, Signature Bank, Silicon Valley Bank, Silvergate Bank, Suffolk System, US banks, US Central Bank / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08 for every dollar deposited by customers. Although there

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US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution

Leave a Comment / accounting watchdog, advisory warning, Asset Management, asset verification, audits, Bitcoin, caution, Criticism, crypto companies, Crypto Hacked, crypto industry, Cryptocurrency, deceptive, Digital Assets, due diligence, Ethereum, Exchanges, financial accountability, financial disclosure, financial oversight, Financial Regulation, financial reporting, financial stability, incomplete, investor protection, Investors, lack of uniformity, liabilities, limitations, Martin Hiesboeck, misleading, News, PCAOB, Proof of Reserve, public trust, risk management, SEC, service providers, stablecoin issuers, Transparency, undue reliance / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and Due Diligence When Using Proof-of-Reserve Reports The U.S. accounting watchdog recently issued an

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BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance

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After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12 billion, compared to the meme

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NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week’s ETH-Based NFT Sales

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Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales have been settled over the last seven days. Ethereum Digital Collectibles and Mutant Ape Yacht Club Lead NFT Sales Surge While crypto asset

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