BlackRock CEO’s Turnabout on Bitcoin Elicits Cheers, Skepticism of Crypto Cred

BlackRock CEO Larry Fink's change of heart on bitcoin could make it easier for fellow Wall Street executives to embrace cryptocurrencies, but experts warn that his favored financial instrument – the exchange-traded fund, or ETF – is an investment vehicle that's categorically different from the core idea behind digital assets, and could push the industry in the wrong direction.

• 2023-07-08
• Larry Fink BlackRock Bitcoin ETF global financial crisis digital assets decentralization Jim Bianco asset manager financial instrument

Is Bitcoin Useless?

Bitcoin passed its 10th anniversary in 2018 and reached a record price in 2021. Still, the assessments of the cryptocurrency's impact in the last decade have mostly been negative. Is Bitcoin useless?

• 2023-05-15
• Bitcoin price Bitcoin global financial crisis Satoshi Nakamoto

What JPMorgan’s First Republic takeover means for the crypto industry

Top blockchain and crypto news: JPMorgan swoops as another bank falls. NFT market rivalry heats up. Bitget seeks Hong Kong exchange license.

• 2023-05-04
• First Republic Bank JPMorgan Chase First Republic Hong Kong Hong Kong Jamie Dimon global financial crisis

Balaji Closes Bitcoin Bet With $1.5M in Donations, Including $500K for Bitcoin Core Development

Amid the initial bank failures in the U.S., the tech entrepreneur in mid-March had bet $1 million that bitcoin would hit $1 million within 90 days.

• 2023-05-03
• Balaji Srinivasan Silicon Valley Bank Signature Bank Silvergate Bank Ben Bernanke global financial crisis chief technology officer Federal Reserve Andreessen Horowitz

USDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses

USDC's normally stable price sank to $0.89 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.

• 2023-03-11
• Silicon Valley Bank global financial crisis financial regulators SVB USDC Circle Internet Financial