BlackRock Financial News

bitcoin," Donald Trump told a cheering crowd at a crypto convention in Nashville, Tennessee in late July. The Republican presidential candidate's speech was the latest overture in his effort to court crypto-focused voters ahead of November's election and offered a bevy of campaign promises, including a plan for a state bitcoin reserve. «If elected, it will be the policy of my administration to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future,» Trump said, adding the funds would serve as the «core of the strategic national bitcoin stockpile.»

Semiconductor startup Groq said on Monday it has raised $640 million in a Series D funding round led by Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners, among others, bringing its valuation to $2.8 billion. The Silicon Valley firm, founded by a former Alphabet engineer, specializes in producing AI inference chips — a type of semiconductor that optimizes speed and executes commands of pre-trained models. Besides big firms such as Advanced Micro Devices, many startups including Groq have been trying to nibble away at Nvidia's dominant position in the booming AI chip industry.

Byju Raveendran has filed a caveat before the Supreme Court against its US-based creditor Glas Trust Company LLC over the order passed by the insolvency appellate tribunal NCLAT. The caveat was filed before the apex court on August 3, a day after the National Company Law Appellate Tribunal (NCLAT) passed an order restoring the board of edtech major after setting aside insolvency proceedings against it. Glas Trust has opposed the Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI) alleging the money paid by Riju Raveendran (brother of Byju Raveendran) was tainted and was a case of «round-tripping». Anticipating the US-based creditor would challenge the NCLAT order before the Supreme Court, Byju Raveendran had filed a caveat requesting to be heard before the apex court passes any order on a plea filed by the US-based creditors.

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A high-stakes race is taking shape between major money managers including BlackRock Inc. and Invesco Ltd. to combine Wall Street’s most trendy investment vehicle with its fastest-growing asset class.

Bitcoin (BTCUSD) has sharply reversed this week's upswing, dropping below $65,000 after rising above $71,000 on Monday.

The global equity team launch is expected to strengthen Allianz GI's prowess in the booming artificial intelligence and technology sector, which already comprises ecosystems in both Europe and Asia.  Gleeson, who will start his new role at the end of August, joins the firm from AXA Investment Managers, where worked for over 17 years, most recently as a lead portfolio manager of its Global Technology fund. AllianzGI appoints BlackRock's Krautzberger as global fixed income CIO In addition, he has been the lead portfolio manager for AXA's Digital Economy fund since its launch in 2017,...

The nine US ETFs holding the Ethereum cryptocurrency saw outflows of $340 million during their first week of trading as investors pulled money daily from a high-fee legacy product that was converted to an exchange-traded fund.

SEI has announced the appointment of Michael Lane as executive vice president and head of asset management, effective September 16, 2024. Lane will report directly to CEO Ryan Hicke and will join the executive management team.

Asset management titan BlackRock has sounded the alarm on a surge in crypto scams aimed at investors in its iShares spot Bitcoin and Ether ETFs.

Michigan Retirement System, which oversees some $143.9 million in pension fund assets for state employees, has invested $6.6 million in the ARK 21Shares Bitcoin ETF, it disclosed in a regulatory filing on Friday.

Ether, the underlying cryptocurrency of the Ethereum crypto network, and its associated spot exchange-traded funds moved slightly lower on the first day of trading for the new investment products.

At some of the world’s biggest asset managers, ESG fund launches are quietly stalling.

Byju's has moved the National Company Law Appellate Tribunal (NCLAT) against the recent order of NCLT that allowed cricket board BCCI's petition for initiating insolvency proceedings against the once-famed edtech company, sources said. Sources privy to the development said that the company is seeking an urgent hearing on the matter. Byju's did not comment on the issue.

BlackRock has set the stage for the potential launch of its spot Ethereum exchange-traded fund (ETF) next week, with a proposed fee of 0.25%.

An important aspect of going RIA is understanding exactly what the different business models and fee structures are, so you can be ready to best serve the interests of your clients, as well as fully maximizing your revenue streams.

The market for tokenized US Treasuries is poised for significant growth, with projections indicating it could surpass $3 billion by the end of 2024.

Larry Fink, CEO of BlackRock, the world’s largest asset management firm managing over $10.6 trillion, recently revised his view on Bitcoin, labelling it as “digital gold” and a “legitimate financial instrument” in a CNBC interview.

BlackRock CEO Larry Fink now sees Bitcoin’s potential as a legitimate financial instrument, citing its ability to provide uncorrelated returns and hedge against currency debasement.

Bitcoin (BTC) was back above $63,000 for the first time in two weeks on Monday, up more than 15% from the lows of last week.

The leaders of Wall Street's most powerful firms are speaking out to condemn the attempted assassination of former President Donald Trump at a Pennsylvania rally over the weekend.