BlackRock | FinTelegram News

March 12, 2023

USDC Stablecoin Issuer Circle Provided Statement Of Impact Of SBV Collapse!

The Silicon Valley Bank's (SVB) sudden death on Friday triggered shockwaves in the already traumatized crypto scene. One of the victims of the SVB collapse was the USDC stablecoin, which is 100% collateralized with cash and US Treasuries. $3.3 billion of USDC’s cash reserves had been deposited with SVB at the time of the collapse. The USDC price dived but recovered quickly. USDC issuer Circle said they hope the regulators will find a solution that protects customers’ assets 100%.

August 14, 2022

Private Bitcoin Trust – The Next Step Of BlackRock Into The Crypto Space

BlackRock has launched a private trust offering institutional clients in the U.S. direct exposure to bitcoin, the world's largest asset manager announced in a blog post on Thursday. Earlier, the largest U.S. crypto exchange Coinbase had announced a partnership with BlackRock that will provide common clients access to crypto. The announcement had shot up Coinbase shares significantly. Experts see the partnership with BlackRock as a rescue for the crisis-ridden Coinbase.

August 10, 2022

Coinbase Reports $1.1B Loss And Imploding Revenue!

The shares of the leading US crypto exchange Coinbase dropped after the company reported a loss of over $1 billion for Q2 2022 and missed analysts’ estimates. Coinbase’s revenue declined nearly 64% as investors exited the crypto market after the 2021 bull run. Retail transaction revenue came in at $616.2 million, down 66% and below analysts' $667.1 million consensus. Coinbase reported a $1.1 billion net loss, compared with $1.59 billion in net income in the same quarter last year.

August 7, 2022

CoinBase Short-Sellers lose $234M As Shares Surge Following BlackRock Partnership Announcement!

The share price of the largest U.S. crypto exchange, Coinbase, rallied sharply on Thursday after it announced a partnership with BlackRock. The exchange's stock finished the week 52.65% higher at $93.05 a share. It remained more than 60% lower for the year, however. Coinbase is one of the most wagered-against companies on the US stock market. Investors betting against Coinbase stock lost more than $230 million after the announcement of the BlackRock partnership sent its shares soaring.

FinTech Crisis

May 27, 2022

Bolt Financial Switches Into Crisis Mode And Fires 250 Employees!

Earlier this week, Swedish FinTech unicorn Klarna announced an austerity program and the layoff of 10% of its workforce. San Francisco-based Bolt Financial had to follow this path and lay off around a third of its workforce, or around 250 employees, to reach profitability with the money available. The Bolt layoffs came just months after investors valued FinTech at $11 billion. PayPal and other FinTechs also announced layoffs and hiring freezes. Evidently, the FinTech sector switches into crisis mode.

March 27, 2022

The Blackrock CEO, the end of the world as we know it, and the rise of digital currency and green technology!

Larry Fink, the CEO of Blackrock, the world's largest asset manager with $10,000 billion in assets, shows dismay about the Ukraine War in his traditional letter to shareholders. He even sees the end of globalization. "Russia’s brutal attack on Ukraine has upended the world order that had been in place since the end of the Cold War" the Blackrock CEO noted. He said Russia's inclusion in the global financial system had provided a peace dividend. That, he said, is now over. The impact of the Ukraine War will be felt for decades to come in ways we can’t yet predict.

January 22, 2021

BlackRock – The world’s largest asset manager joins the Crypto Universe

The bull run of cryptocurrencies has stopped for the time being. After Bitcoin (BTC) and Ethereum (ETH) reached new all-time highs of more than $41,000 and $1,400 within a few weeks, prices have been correcting for two weeks. One thing is certain, however. The entry of institutional investors into crypto has been broad-based - from PayPal to the world's largest asset manager BlackRock; the FIAT elite has definitely made first foodprints the crypto universe. This promises a durable crypto-asset future.

Tag: BlackRock