Month: June 2023

AI Digital Art Design Platform Atriv Integrates Flare Layer-1 Blockchain for Simplified Access to NFTs and Art

The partnership between Atriv and Flare creates ease for all digital artists and creators looking to issue NFTs and tokenize their creations. Artificial intelligence (AI) digital art platform Atriv has announced a partnership with the Flare blockchain to provide the network with Atriv’s no-code NFT platform. The partnership aims to create a free market where collectors and digital artists can easily create art and tokenize their creations. Atriv’s NFT platform uses artificial intelligence to stretch the possibilities of digital art and offer an all-encompassing and extensive tool to users. So…

UK Raises Interest Rates for 13th Consecutive Time

The Monetary Policy Committee promises to keep an eye on the indications of the long-lasting inflationary pressures in the economy. It plans to monitor the labor market, wage growth, and hike in service prices. The Bank of England hit the market with a 50 basis point hike to interest rates in the UK. The UK central bank announced the rates hike on Thursday after the Monetary Policy Committee voted to favor the increase. Notably, this marks the 13th consecutive increase as the policymakers seek ways to fight the troubling and…

How Financial Advisors Can Navigate Crypto and Digital Assets, Post-Downturn

FAs and RIAs know that responsibility well, and even though you can manage digital assets directly with the right tools, you don’t want to completely squash this new-found independence (and it’s unlikely that anyone could). As investors learned last year, the new freedom of completely limitless, do-it-yourself mobile trading apps made the need for outside advising feel superfluous until, under regrettable circumstances, it became very clear that it wasn’t. Original Source AdvisorsAssetsCryptoDigitalFinancialNavigatePostDownturn CryptoX Portal

BlackRock Bitcoin spot ETF nod ‘unlikely in near term’ — QCP Capital

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Bitcoin (BTC) will unlikely see its first spot price exchange-traded fund (ETF) in the United States soon. That is the opinion of trading firm QCP Capital, which in its latest market update on June 22 warned over spot ETFs’ prospects. SEC’s Gensler presents Bitcoin ETF roadblock BTC price action has offered more than 20% gains since BlackRock, the world’s largest asset manager, applied to list a U.S. spot Bitcoin ETF. This would be the first of its kind, as all such spot ETF applications have been rejected so far by…

BitGo terminates acquisition of Prime Trust

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On June 22, wallet infrastructure provider and digital asset custodian BitGo announced on Twitter that it had decided to cancel its acquisition of fintech infrastructure provider Prime Trust. According to BitGo, “This decision was not made lightly.” The full announcement read:  “After considerable effort and work to find a path forward with Prime Trust, BitGo has made the hard decision to terminate its acquisition of Prime Trust. This decision was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets.” BitGo’s deal cancellation comes…