Tag: BNY Mellon

The Rat Race For The First Bitcoin ETF Launched By Wall Street Firms!

FinTelegram tamir - June 28, 2023

Ark Invest, led by Cathie Wood, confidently asserts that it is at the forefront of potentially receiving approval from the SEC for a spot Bitcoin Exchange Traded Fund (ETF). The optimism stems from BlackRock's recent application for a spot BTC ETF with the regulator, which has rekindled hope in the crypto industry. Consequently, many believe that if the regulator grants approval in the near future, BlackRock would be in the best position to receive it.

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

Bankruptcies Ben - March 12, 2023

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%.

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