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Fév62025 by MattNo Comments

BlackRock’s Major Ethereum Acquisition: $276.16 Million Investment Boosts Its Crypto Portfolio

Crypto

Edited by Matt Waller BlackRock has made a landmark move by purchasing $276.16 million worth of Ethereum (ETH) on February 4. This decision is a clear signal of the asset manager’s growing commitment to digital assets. The acquisition adds to a series of recent purchases and highlights the increasing interest of institutional investors in cryptocurrencies. Key Points Significant Investment: BlackRock acquired $276.16 million in Ethereum on February 4. Series of Purchases: Earlier transactions on January 31 and February 1 added up to 41,790 ETH worth $128.3 million. Previous Mega Acquisition: In December, BlackRock and Fidelity together purchased $500 million of Ethereum via Coinbase Prime. Institutional Momentum: BlackRock’s involvement began with its ETF...

India’s Evolving Cryptocurrency Regulations

Crypto

India is currently reassessing its regulatory framework for cryptocurrencies, reflecting a response to evolving global perspectives on digital assets. Economic Affairs Secretary Ajay Seth has emphasized the necessity of a collaborative international approach to cryptocurrency regulation, given its inherently borderless nature. This reevaluation may lead to a delay in the release of a discussion paper on cryptocurrencies, which was initially scheduled for September 2024. Key Points: India is reviewing its cryptocurrency regulations in light of global policy shifts. Despite stringent regulations and high taxes, India leads in global cryptocurrency adoption. Indian fintech firms are actively participating in the Reserve Bank of India's central bank digital currency projec...

Ripple’s Bold Move: XRP to Become a U.S. Government Reserve Asset?

Crypto

In a bold move that could reshape the financial landscape, Ripple's CEO, Brad Garlinghouse, has proposed integrating XRP into the United States' strategic reserves. This initiative aligns with the current administration's pro-crypto stance and aims to position XRP as a cornerstone of the nation's digital asset holdings. A Vision for XRP in U.S. Reserves During a recent dinner with President Donald Trump and Ripple's Chief Legal Officer, Stuart Alderoty, Garlinghouse discussed the potential of including XRP in the U.S. strategic reserve. He emphasized the importance of diversifying the reserve beyond Bitcoin, advocating for a broader spectrum of digital assets. Garlinghouse stated, "The reserve should be diversified," dismissing claims that this move was intended to undermine ...