October 2022 - Page 2 of 2 - CryptoCurrencyWire

WednesdayOct 12, 2022 10:30 am

BlackRock’s Latest ETF Pours Money into 35 Blockchain Companies

BlackRock, the largest asset management company in the world, recently launched a new exchange traded fund (ETF) to give its customers in Europe an opportunity to invest in blockchain technology companies as well as ancillary companies to this industry. This new ETF, which was unveiled on Sept. 27, 2022, dubbed iShares Blockchain Technology UCITS ETF, is putting 75% of its holdings into blockchain firms (crypto exchanges and crypto mining firms, for example) while the remaining 25% will be held in blockchain ancillary enterprises, such as those specializing in providing legal services to blockchain industry players. At the moment, the ETF…

MondayOct 10, 2022 12:45 pm

EU Parliament Approves Resolution Calling for Blockchain, Crypto Tax Policies

Decentralized blockchain technology took the world by storm when it was first introduced more than a decade ago. Blockchain and crypto promised to deliver enhanced security and privacy, visibility, traceability, fast transactions and immutability. The crypto market grew increasingly popular over the years and attracted millions of users, especially those from developing countries because they traditionally have limited access to investing. With a valuation of $1.6 billion in 2021, the cryptocurrency market is expected to be worth $2.2 billion by 2026. As the market has grown and evolved, there have been efforts by lawmakers in regions that allow cryptocurrencies to…

FridayOct 07, 2022 12:00 pm

Why the Crypto Winter Won’t Stop the Onward March of Blockchain Technology

This year hasn’t been great for the nascent cryptocurrency market. The first six months of 2022 saw a decline in the price of every major crypto and a 26% reduction in venture capital investment. Data from Crunchbase shows that investment in cryptocurrency companies was down to $9.3 billion in the first half of 2022 compared to $12.5 billion in the first half of 2021. In mid-June, the rug was pulled out from under crypto investors after prices dropped significantly, with Bitcoin falling by as much as 37.3% to trade below $19,000. By the time the dust had settled, the cryptocurrency…

WednesdayOct 05, 2022 11:15 am

How Cryptocurrencies Are Helping the US Dollar

For the past couple of weeks, the greenback has experienced a rally that has seen it achieve highs it hadn’t seen in two decades. The dollar’s surge in value came amid efforts by the U.S. Federal Reserve to forestall inflation. Over the past three months, the Fed has raised the benchmark interest rate by 0.75 basis points, and it has signaled that there may be even more interest rate hikes as the risk of inflation increases. The dollar’s surge has threatened a long-held idea among crypto enthusiasts that digital tokens such as Bitcoin posed a significant threat to the dollar’s…

MondayOct 03, 2022 1:00 pm

California Governor Vetoes Bill Regulating Cryptos

More than a decade after the introduction of Bitcoin, millions of Americans now hold some kind of digital token. Bitcoin, the largest crypto in the world, boasts more than 80 million users globally while Ethereum is poised to become just as big after the conclusion of the long-awaited ETH merge. In total, there are more than 12,000 cryptocurrencies in the world. But despite the immense popularity of digital tokens, few standard crypto regulations exist in the United States. And since decentralized blockchain technology allows for private and secure transactions, the crypto market has unfortunately attracted plenty of criminal elements. Recent…