News Explorer — BlackRock CEO Larry Fink Says Cryptocurrency Has Unique Value and Can Transcend Currencies

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BlackRock CEO Larry Fink Says Cryptocurrency Has Unique Value and Can Transcend Currencies

BlackRock CEO Larry Fink has expressed a bullish stance on cryptocurrency, stating that it has a differentiating value compared to other asset classes and can transcend any one currency. BlackRock recently applied for a spot market Bitcoin ETF, which has attracted institutional investors and caused the asset to reach a 12-month high. Fink believes that an international crypto product can address the problem of dollar devaluation and increase investment in the market.

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Jul 14, 5:34 pm

Decrypt

BlackRock CEO Larry Fink Says Cryptocurrency Has Unique Value and Can Transcend Currencies

BlackRock CEO Larry Fink has expressed a bullish stance on cryptocurrency, stating that it has a differentiating value c… Read Summary

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Jul 14, 5:17 pm

Protos

Hong Kong Accountant Loses $128K in Crypto From Instagram Scam

A female accountant in Hong Kong lost HK$1.28 million worth of cryptocurrency after being scammed by three men who opera… Read Summary

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Jul 14, 5:11 pm

Coindesk

Fir Tree Partners Is Launching a Fund to Invest in Distressed Crypto Assets

New York-based hedge fund Fir Tree Partners is launching a new fund focused on distressed crypto assets, aiming to capit… Read Summary

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Jul 14, 4:50 pm

Coindesk

Binance Lays Off Over 1,000 Employees Amid Legal Investigations and Regulatory Challenges

Binance, facing legal investigations and regulatory challenges, has laid off over 1,000 employees globally, with more jo… Read Summary

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Jul 14, 4:30 pm

Forbes

BlockFi CEO Zac Prince Disregarded Warnings About Excessive Exposure to FTX: Report

A document filed on behalf of former BlockFi customers reveals that CEO Zac Prince ignored warnings from the risk management team about the company’s excessive exposure to FTX and its F… Read Summary

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Jul 14, 4:19 pm

Decrypt

Warner Bros. Is Releasing ‘The Flash Movie’ as an NFT on the Same Day It Hits Digital Platforms

Warner Bros. has announced that the new DC Comics superhero movie, The Flash, will be available for purchase as an NFT o… Read Summary

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Jul 14, 1:50 pm

variety.com

Hit Series “Magnificent Century” Partners With The Sandbox to Bring Its Characters and Worlds to the Metaverse

Turkish TV series Magnificent Century, known for its global popularity, has partnered with virtual gaming platform The S… Read Summary

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Jul 14, 1:21 pm

DL News

Bank for International Settlements (BIS) Report Says DeFi Has Failed to Fulfill Its Promise

The Bank for International Settlements (BIS) has released a report criticizing decentralized finance (DeFi) for failing… Read Summary

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Jul 14, 1:00 pm

Coindesk

PUMA, Roc Nation, and Legitimate Release NFC-Embedded Sneaker Collection to Celebrate Hip-hop’s 50th Anniversary

Legitimate, PUMA, and Roc Nation have collaborated to release a sneaker collection called Evolution of the Mixtape. The… Read Summary

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Jul 14, 10:12 am

Cointelegraph

Indonesia Plans to Launch National Cryptocurrency Exchange, Requiring All Transactions to Take Place on the Platform

The government of Indonesia is set to launch a national cryptocurrency exchange in the coming weeks, according to the co… Read Summary

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Jul 14, 12:00 pm

Coindesk

FTX, Celsius Network Users Can Now Trade Claims on OPNX for Immediate Liquidity

Users who held assets on bankrupt crypto exchange FTX and lender Celsius Network can now trade their claims on the Open… Read Summary

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Jul 14, 9:53 am

The Block

Bitwise’s Spot Bitcoin ETF Application Has Been Acknowledged by SEC

The SEC has acknowledged Bitwise’s spot bitcoin ETF application, which was amended and refiled on June 28. Bitwise’s Chi… Read Summary

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Jul 14, 10:47 am

Decrypt

Major Exchanges Reintroduce XRP Trading After Ripple Court Ruling

Major exchanges such as Kraken, Crypto.com, and Bitstamp have reintroduced XRP trading following a court ruling that dec… Read Summary

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Jul 14, 10:19 am

Decrypt

Former Celsius Network CEO Alex Mashinsky to Be Released on Bail After Being Charged With Fraud

Alex Mashinsky, former CEO of Celsius Network, will be released on bail after being charged with fraud. He has agreed to… Read Summary

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