Tag: Digital

BlackRock adds Anchorage Digital as custodian for Bitcoin ETF

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​BlackRock, the world’s largest asset manager, has appointed Anchorage Digital Bank N.A. as an additional cryptocurrency custodian for its iShares Bitcoin Trust ETF. Anchorage Digital will serve as an additional cryptocurrency custodian for IBIT, according to a Form 8-K filing dated April 7.  This move introduces a dual-custodian model, with Anchorage Digital joining Coinbase, the existing custodian, to enhance the security and operational resilience of IBIT’s Bitcoin (BTC) holdings.​ Anchorage Digital Bank N.A. is the only U.S. federally chartered digital asset bank, providing services such as digital asset custody, staking,…

Mike Novogratz’s Galaxy Digital gets SEC nod for Nasdaq listing

Artificial intelligence and crypto investment firm Galaxy Digital has been given the nod from the US Securities and Exchange Commission to list on the Nasdaq stock exchange.  The company, which is listed on the Toronto Stock Exchange (TSX), plans to relocate its home base from the Cayman Islands to Delaware, according to an April 7 statement from Galaxy, pending shareholder and TSX approval.  “Our registration statement is now effective with the SEC. We’re on track to list on the Nasdaq shortly after our shareholder vote on May 9, contingent on…

Bitcoin seen as crypto market proxy, not digital gold, Swiss crypto bank says

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While some policymakers have described Bitcoin as a store of value, its recent price action seems to suggest it’s being treated more like a high-beta tech stock. Despite numerous opinion leaders, including Federal Reserve Chair Jerome Powell, describing Bitcoin (BTC) as a safe haven asset and a potential alternative to gold, its recent price behavior has led some to compare it to tech stocks, analysts at Swiss crypto bank Sygnum suggested in a recent market outlook report. However, Bitcoin’s price is primarily driven by its perception as a store-of-value asset,…

Kazakhstan, UAE Seek to Boost Digital Asset Cooperation

Kazakhstan’s financial sector recently strengthened ties with the United Arab Emirates (UAE) through a delegation visit from March 26-27. Kazakhstan, UAE to Cooperate on CBDC Development A delegation from Kazakhstan’s financial sector recently visited the United Arab Emirates (UAE) to strengthen collaboration in digital assets and blockchain technology. Held from March 26 to 27, the […] Source CryptoX Portal

Digital shift in Swiss economy shows ‘substantial opportunity’ for Swiss stablecoin, Bitcoin Suisse says

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Switzerland’s economy is showing early signs of complete digitalization, as digital transactions have now surpassed cash payments, according to a new survey. Switzerland has long favored cash, with the average person holding around $10,481 in bills and coins. It’s been a cultural norm, valued for privacy and ease. But a new survey from the Swiss National Bank appears to show that debit cards have now edged out cash as the most common way to pay. The survey found that in 2024, 35% of in-store purchases in Switzerland were made with…

Lack of Disclosure on LUNA Costs Galaxy Digital $200 Million

Galaxy Digital, founded by Michael Novogratz, has agreed to pay $200 million in penalties to resolve allegations that it violated New York laws by promoting the cryptocurrency LUNA without disclosing its financial interests. Galaxy’s LUNA Disclosure Failure Violated NY Laws Michael Novogratz’s Galaxy Digital recently agreed to pay $200 million in penalties to resolve allegations […] Source CryptoX Portal

Grayscale files S-3 for Digital Large Cap ETF

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Asset manager Grayscale has filed to list an exchange-traded fund (ETF) holding a diverse basket of spot cryptocurrencies, US regulatory filings show. On April 1, Grayscale submitted an S-3 regulatory filing to the US Securities and Exchange Commission (SEC), which is required to convert the non-listed fund to an ETF.  The Grayscale Digital Large Cap Fund, which was created in 2018 but is not yet exchange-traded, holds a crypto index portfolio comprising Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP) and Cardano (ADA).  As of April 1, the fund has…

Digital Sovereignty Alliance Strengthens Industry Advocacy at DC Blockchain Summit 2025 as Silver Sponsor

This content is provided by a sponsor. PRESS RELEASE. Washington, D.C., April 1 2025 – The Digital Sovereignty Alliance (DSA), a nonprofit organization dedicated to advancing clear and ethical public policy, research, and education surrounding emerging technologies, including decentralized technologies, blockchain, cryptocurrency, Web3 innovations, and artificial intelligence, made a significant impact at the DC Blockchain […] Source CryptoX Portal

California introduces ’Bitcoin rights’ in amended digital assets bill

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A Californian lawmaker has just added Bitcoin and crypto investor protections to a February-introduced money transmission bill aimed at securing crypto self-custody rights for the US state’s nearly 40 million residents. California’s Assembly Bill 1052 was introduced as the Money Transmission Act on Feb. 20, 2025, but was amended by Democrat and Banking and Finance Committee chair Avelino Valencia on March 28 to include several Bitcoin (BTC) and crypto-related investor protections. The amendments cross out “Money Transmission Act,” with the legislation now called “Digital assets.” “California often sets the national…