By Emir Abyazov Contrary to opinions held by some prominent voices in the community, allowing staking tokens in Ethereum exchange-traded funds could have a minimal impact on investment inflows without a sustained rise in the cryptocurrency’s price, according to Bloomberg analyst Eric Balchunas. In a New Era Finance podcast on April 29, Balchunas noted that […]
Tag: US
By Emir Abyazov The US state of Arizona has moved closer to legalizing the accumulation of Bitcoin at the local government level. Still, this week, House lawmakers passed two bills that are in a position to help the state create a local crypto reserve. The initial impetus for initiatives to adopt digital assets in various […]
By Emir Abyazov Investment world giant BlackRock (NYSE:BLK) continues to aggressively buy up Bitcoin, pouring colossal sums into the cryptocurrency market. On April 28, the company purchased $970 million worth of Bitcoins through its iShares Bitcoin Trust (IBIT) exchange-traded fund. This is the second-largest purchase volume in the fund’s history; the record was set on […]