BlackRock Files Legal Complaint Against 44 Domains Allegedly Using Its Name for Scamming Tactics
BlackRock, a major investment firm, has taken legal action against the owners of 44 internet domain names that contain keywords such as "Blackrock", "Aladdin", "capital", "crypto" and "investments". The company claims that these domains were registered in bad faith to profit from consumer confusion and divert traffic through tactics such as pay-per-click ads, malware and email phishing attacks.
Arthur Hayes Warns BlackRock's Entry into Bitcoin Could Fundamentally Change the Top Crypto Asset
Arthur Hayes, co-founder of BitMEX, has expressed concerns about BlackRock's entry into the Bitcoin space, warning that it could fundamentally change the top crypto asset. While Hayes and other traders welcome the possibility of a spot Bitcoin ETF, he is worried about the potential influence it could give to traditional finance.
Former Goldman Sachs Executive Predicts $1 Quadrillion Crypto Use-Case for Finance Industry
Raoul Pal, a former executive at Goldman Sachs, believes that the finance industry could eventually see up to $1 quadrillion worth of derivatives and equities move onto blockchain and crypto platforms. Pal notes that BlackRock's recent push for a Bitcoin exchange-traded fund (ETF) sends a message to the industry that crypto is a meaningful technology.
Encryption KOL: The second largest shareholder of the top 5 mining companies in market capitalization is BlackRock
On August 28th, cryptocurrency KOL The ₿itcoin Therapist posted on X platform (formerly Twitter) that BlackRock is the second largest shareholder of four of the top five mining companies by market capitalization, including Riot Blockchain, Marathon Digital Holdings, Cipher Mining, and TeraWulf.
European Cryptocurrency-Related ETP Net Inflows Reached 150 Million Euros in June
According to Morningsta data, the flow of trading products related to cryptocurrency exchanges in Europe has increased since BlackRock submitted a Bitcoin ETF application in the United States. The net inflow of cryptocurrency-related ETPs registered in Europe in June reached 150 million euros, a new high since March 2022. According to CoinShares data, a similar trend has also appeared globally, with a total capital inflow of 610 million US dollars (560 million euros) in June and July.
Mysterious Bitcoin Wallet Surges to Third Largest Holder, Sparking Theories About Owner
A Bitcoin wallet has rapidly grown to become the third largest holder of Bitcoin in the world, accumulating 118,000 BTC worth $3.08 billion in just over three months. The sudden growth has sparked speculation about the owner, with some suggesting it could be a crypto exchange moving funds, while others have more wild theories, such as BlackRock being the "prime suspect."
Tether Holds More U.S. Treasuries Than Australia, UAE, and Spain
According to a tweet by Miles Deutscher, Tether now holds more U.S. treasuries than Australia, the UAE, and Spain. Additionally, Tether's operating profits for the quarter exceeded $1 billion. For context, BlackRock, the world's largest asset manager, had a similar operating profit of around $1.6 billion. This news is astonishing.
Top 10 Cryptocurrencies Experience Dip in Asia Trading Amid BlackRock's Bitcoin ETF Application Decision and Litecoin Halving Event
On Thursday morning in Asia, the top 10 non-stablecoin cryptocurrencies, including Bitcoin and Ether, experienced a dip in trading. Analysts predict that despite low price volatility, turbulence may occur due to the upcoming decision on BlackRock's Bitcoin ETF application and next year's Bitcoin halving event.
Litecoin’s Halvening Price Drop Is No Proxy for Bitcoin Next Year
After Litecoin's halving event, its price dropped, as the halving event caused the miners' rewards to be halved. However, this doesn't necessarily mean that Bitcoin will have a similar outcome in its halving event next year. Historically, Litecoin's price has fallen after halving, while Bitcoin has often experienced rebounds before and after these events. Additionally, Bitcoin has received a boost due to BlackRock's application for a Bitcoin exchange-traded fund.
BlackRock and Jio Financial Services Launch Digital Asset Joint Venture
BlackRock has partnered with Jio Financial Services in India to launch a new platform offering investment services, with each party committing $150 million. BlackRock aims to capitalize on the growing popularity of digital assets in India, an area where few other asset managers have ambitions as high as BlackRock.
