BlackRock Financial News

The U.S. Securities and Exchange Commission has postponed its decision on the approval of Hashdex Bitcoin ETF and Grayscale Ethereum Futures Trust ETF.

Andrew Forrest’s Fortescue says it is expanding into asset management, part of the iron ore and energy group’s strategy to fund green investments.

Elon Musk are some of the high-profile names who are expected join the dinner hosted for US President Joe Biden and Chinese President Xi Jinping in San Francisco. The dinner which is being hosted by National Committee on US China relations and US-China Business Council will take place during the 30th Asia Pacific Economic Cooperation (APEC) summit on Wednesday. The forum is expected to witness hundreds of business leadeers from various fields like banking and technology attending while President Xi could also make a speech, reported CBS News.

CEO pay at many of the biggest companies in the U.S. has snowballed over the past decade to levels hundreds or even thousands of times higher than median salaries — and in a lot of cases, the higher compensation isn't reflected in financial performance.

The filing appeared on the Delaware Department of State's Division of Corporations site on Monday, sending XRP's price soaring by more than 10% within minutes. It appeared days after a similar, legitimate filing from BlackRock for the creation of an ETF that holds Ethereum’s ether token. BlackRock quickly confirmed that it was not planning the XRP ETF and the Delaware Department of State has referred the matter to the state's Department of Justice. Last month, publication Cointelegraph falsely tweeted that the SEC had approved BlackRock to launch a US Bitcoin spot ETF, pushing the crypto's price up.

Delaware authorities have referred the false Blackrock Ripple (XRP) exchange-traded fund (ETF) case to the State’s Department of Justice (DOJ).

After seeing its value crater for much of 2022, bitcoin has quietly seen its price double over the past year.

Matt Cameron (pictured), CEO of LGBT Great

Lark Davis suggested that BlackRock might extend its interest in cryptocurrency ETFs beyond Ethereum to include the likes of Dogecoin. This shows the growing recognition of Dogecoin's influence in the crypto space. Regarding Dogecoin's price, it is now valued at $0.080 as of November 11th.

«The worst day of my career, and one of the worst days of my life — the day FTX froze withdrawals,» is how Travis Kling, who runs Ikigai Asset Management, described it in a series of tweets on Nov. 7. Four days later, Sam Bankman-Fried's exchange filed for bankruptcy, ushering in arguably the darkest days in crypto's history. «The first weeks were incredibly brutal. I didn't sleep much at all. Feelings of terror, guilt and shame. We laid off most of the team,» Kling wrote. A year on, the industry is irrevocably altered — while at the same time in many ways rem arkably familiar. Mostly gone are the giddy day traders and the abundant leverage that drove Bitcoin to its November 2021 high at close to $69,000. Same for celebrities and social-media influencers peddling nonfungible tokens and memecoins. Regulators determined not to get caught off guard again are tightening their grip. And large financial firms like BlackRock Inc. are moving in, drawn by the prospect of the US Securities and Exchange Commission giving its first blessing for an ETF investing directly in Bitcoin.

XRP price witnessed a brief surge in its price following a fake business registration for a BlackRock XRP trust.

While there has been a lot of focus on Australia’s critical minerals strategy and our ambitions of becoming a renewable energy superpower, there are other key materials required in the global drive to decarbonise that bring their own opportunities and challenges.

President of advisory firm The ETF Store, Nate Geraci, thinks that the long-awaited approval for a spot Bitcoin ETF could come this week.

Sanjeev Gupta’s InfraBuild is paying hundreds of millions of dollars in fees to the British industrialist’s other companies as payment for “shared services”, just one part of a complex series of transactions between the Australian company and the businessman’s broader, ailing steel empire.

Origin Energy’s carbon emission intensity will be reduced by 80 per cent in the next seven years if shareholders approve a near-$20 billion sale of the electricity and gas utility to a consortium of private equity firms.

A near 8% surge in the price of Bitcoin (BTC) in the past seven days has seen its market capitalization jump by more than $50 billion to above $700 billion for the first time in seventeen months.

Ether (ETH), the cryptocurrency that powers the smart contract-enabled Ethereum blockchain that remains the dominant chain in the DeFi, NFT and broader web3 industries, stole the spotlight from its bigger rival Bitcoin (BTC) this week, and was last up close to 11% since Sunday after BlackRock filed to set up a US spot Ethereum ETF with Nasdaq.

Ethereum’s price has exceeded the $2,000 level and touched $2,100, following Nasdaq’s submission for BlackRock’s Ethereum exchange-traded fund (ETF).

BlackRock has already created a corporate entity in keeping with the asset manager’s ETF division, titled ‘iShares Ethereum Trust,’ which is registered in Delaware. In response to the news, ETH’s price jumped to its daily high of $2,100, reaching a six month high. In June 2023, BlackRock applied to the SEC for permission to launch a spot Bitcoin ETF.

XRP (-5%), Dogecoin (-2.8%), and Toncoin (-7%) were trading in the red, while Ethereum (9.7%), Solana (5.5%), Polygon (3.6%), Cardano, and BNB were trading in the green. Meanwhile, the global cryptocurrency market cap increased by 1.8% to around $1.4 trillion in the last 24 hours. At the same time, the market cap of Ethereum, the world's second-largest cryptocurrency, surged to $253 billion. On Friday, Ethereum experienced a significant surge, surpassing the $2,000 resistance level with a more than 10% increase. This growth was driven after the asset management giant BlackRock registered to create an Ethereum trust, a potential first step toward asking regulators to approve an exchange-traded fund tied to ether, the second-largest digital token. BlackRock registered the iShares Ethereum Trust as a Delaware statutory trust on Thursday. Nasdaq also filed a proposal on Thursday to list and trade shares of the trust.

BlackRock Inc. is looking to launch an exchange-traded fund that would be centered on Ether, helping to spur a rally in the second-largest cryptocurrency. Nasdaq, the exchange that BlackRock is working with on the ETF, on Thursday submitted what’s known as a 19b-4 form, marking the next step in the process to get such a fund launched. The Wall Street behemoth had earlier registered paperwork in Delaware for the fund, according to documents posted to the Delaware Department of State Division of Corporations website. The move marks BlackRock’s second major foray into crypto-centric ETFs after it filed for a Bitcoin spot fund in June. That application helped spur a rally for digital assets and lured other issuers into getting into the race. The price of Ether rose as much as 11% on Thursday, crossing above $2,000 and hitting the highest level since April, data compiled by Bloomberg show. VanEck, Invesco, 21Shares and others have filings for spot-Ether ETFs as well.