Digifinex Labs: Nasdaq Confirms BlackRock’s Ethereum ETF Plan as ETH Surges to Daily Highs
BlackRock, the world’s largest asset manager, solidifies its commitment to cryptocurrencies with a confirmed plan to create an exchange-traded fund (ETF) holding Ethereum’s ether (ETH). In response to this news, ETH’s price experienced a surge to its daily peak, reaching near $2,100, reflecting a 3% increase from just before the filing. Although it retraced about half of that gain, it still maintains a 9% increase compared to 24 hours earlier. The Nasdaq filing disclosed BlackRock’s intention...
Digifinex Labs: Nasdaq Confirms BlackRock’s Ethereum ETF Plan as ETH Surges to Daily Highs
BlackRock, the world’s largest asset manager, solidifies its commitment to cryptocurrencies with a confirmed plan to create an exchange-traded fund (ETF) holding Ethereum’s ether (ETH). In response to this news, ETH’s price experienced a surge to its daily peak, reaching near $2,100, reflecting a 3% increase from just before the filing. Although it retraced about half of that gain, it still maintains a 9% increase compared to 24 hours earlier. The Nasdaq filing disclosed BlackRock’s intention...
Digifinex Labs: Ether Hits 7-Month High Surpassing Bitcoin Amid BlackRock’s Ethereum ETF Plans
Ether (ETH) has surged to a seven-month high, overshadowing Bitcoin (BTC) in the wake of BlackRock’s intentions to launch an Ethereum-focused exchange-traded fund (ETF). The rally propelled ETH beyond $2,000 during the early hours of the U.S. morning, a significant rise from its previous level below $1,900. This surge was triggered by the revelation of a corporate entity called “iShares Ethereum Trust,” which had been officially registered in Delaware, a state known as the legal domicile for ...
Digifinex Labs: Ether Hits 7-Month High Surpassing Bitcoin Amid BlackRock’s Ethereum ETF Plans
Ether (ETH) has surged to a seven-month high, overshadowing Bitcoin (BTC) in the wake of BlackRock’s intentions to launch an Ethereum-focused exchange-traded fund (ETF). The rally propelled ETH beyond $2,000 during the early hours of the U.S. morning, a significant rise from its previous level below $1,900. This surge was triggered by the revelation of a corporate entity called “iShares Ethereum Trust,” which had been officially registered in Delaware, a state known as the legal domicile for ...
Digifinex Labs: Marathon Digital Reports 670% Q3 Revenue Growth with Surging Bitcoin Production
Marathon Digital Holdings Reports a Staggering 670% Increase in Q3 Revenue Amid Surging Bitcoin Production In the third quarter of 2023, Bitcoin mining company Marathon Digital Holdings experienced an astounding 670% year-on-year revenue growth, driven by a nearly five-fold rise in Bitcoin production. According to the financial results filed on November 8th, Marathon achieved a quarterly profit, with a net income of $64.1 million. The notable improvement in financial performance can be attrib...
Digifinex Labs: Marathon Digital Reports 670% Q3 Revenue Growth with Surging Bitcoin Production
Marathon Digital Holdings Reports a Staggering 670% Increase in Q3 Revenue Amid Surging Bitcoin Production In the third quarter of 2023, Bitcoin mining company Marathon Digital Holdings experienced an astounding 670% year-on-year revenue growth, driven by a nearly five-fold rise in Bitcoin production. According to the financial results filed on November 8th, Marathon achieved a quarterly profit, with a net income of $64.1 million. The notable improvement in financial performance can be attrib...
Digifinex Labs: SEC Chair Gensler Warns of Multiple Crypto Fraudsters
According to Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), the world of cryptocurrency is plagued by numerous fraudulent actors, not just a single notorious fraudster. He reiterated his concerns about the prevalence of fraud within the crypto sector during a recent speech at DC Fintech Week. Gensler’s remarks came shortly after the conclusion of the criminal trial of former FTX CEO Sam Bankman-Fried, who was found guilty on all counts of defrauding investors. The SE...
Digifinex Labs: SEC Chair Gensler Warns of Multiple Crypto Fraudsters
According to Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), the world of cryptocurrency is plagued by numerous fraudulent actors, not just a single notorious fraudster. He reiterated his concerns about the prevalence of fraud within the crypto sector during a recent speech at DC Fintech Week. Gensler’s remarks came shortly after the conclusion of the criminal trial of former FTX CEO Sam Bankman-Fried, who was found guilty on all counts of defrauding investors. The SE...
Digifinex: Efforts Continue to Secure Bipartisan Support for House Stablecoin and Crypto Bills
Efforts are ongoing to secure bipartisan support for two important bills related to stablecoins and cryptocurrency regulation in the House, according to Democratic Congressman Rep. Wiley Nickel from North Carolina. Both bills have successfully cleared the Republican-led House Financial Services Committee during the summer but still await a vote in the full House before advancing to the Senate. Former committee chair Rep. Maxine Waters, a Democrat from California, expressed concerns about one ...
Digifinex: Efforts Continue to Secure Bipartisan Support for House Stablecoin and Crypto Bills
Efforts are ongoing to secure bipartisan support for two important bills related to stablecoins and cryptocurrency regulation in the House, according to Democratic Congressman Rep. Wiley Nickel from North Carolina. Both bills have successfully cleared the Republican-led House Financial Services Committee during the summer but still await a vote in the full House before advancing to the Senate. Former committee chair Rep. Maxine Waters, a Democrat from California, expressed concerns about one ...
