BlackRock (NYSE: BLK) is now offering European investors the ability to obtain exposure to several firms that are engaged in the creation, invention, and use of blockchain and cryptocurrency technology via the establishment of an exchange-traded fund (ETF) that the investment giant launched on September 29, as per a Finextra report. The iShares Blockchain Technology UCITS ETF [BLKC] is designed to mirror the NYSE FactSet Global Blockchain Technologies Capped Index....

Fear arose as a consequence of news that the Federal Reserve is reducing its balance sheet or intends to do so after announcing that it would begin tapering later this year, causing markets to plummet. Indeed, the collapse occurred immediately after the release of the minutes from the December meeting of the Fed. The government declared in 2022 that it would gradually reduce its $8.3 trillion balance sheet after embarking on a record asset-purchasing spree in 2020 when the coronavirus epidemic first emerged....

Meanwhile, the U.S. dollar slipped lower against its peers, oil prices jumped and investors received positive news from China related to Covid travel restrictions as market participants are looking for sparks to ignite a possible rally. Further, Central Banks worldwide promised to lift interest rates to fight inflation, withdraw liquidity to decrease demand, and tame consumer price increases, which in turn hit growth metrics and stoked recession fears. All of these developments possibly point to the JPMorgan price cuts they just announced for the growth stocks....

One of the concerned parties is JPMorgan Chase (NYSE: JPM), a New York-based multinational investment bank and financial services holding company, which published a research note in which it lists all the potential problems it sees with the Ethereum blockchain after the Merge, as CoinDesk reported on September 22. #1 Divisions in the Ethereum community As it happens, the bank’s primary concern is the possibility that the Merge could cause a rift in the Ethereum community, considering the divided support among crypto exchanges and platforms for the new blockchain called EthereumPoW (ETHW), which was produced after the hard fork....

This has brought the world to a halt, killed thousands, and has crippled several businesses. Europe has now taken over from China as the epicenter of the virus. In yesterday’s trading bout, the Italian FTSE MIB (FTSEMIB), the French CAC 40 (PX1), and the German DAX (DAX) all recorded lows of about 8%, while UK’s FTSE (FTSE) 100 dropped about 7%. Asian stocks were not left out in the beating with the Hang Seng Index (HSI) falling more than 4%, the Shanghai Composite Index (SHA: 000001) dropping roughly 3....

After starting to accumulate the flagship cryptocurrency, the company’s stock has recorded positive gains compared to other traditional investment products. In this line, data compiled by Finbold indicates that since MSTR adopted the Bitcoin standard on August 10, 2020, the stock has surged 69.31% as of October 14. During the period, the U.S. dollar had the second-highest performance at 20.70% followed by S&P 500 index at 6.60%. Other assets trailing MicroStrategy include NASDAQ index (-5....

Under the titles A. 7389C / S. 6486C, the bill was proposed in the context of the Climate Leadership and Community Protection Act which requires that “statewide greenhouse gas emissions are reduced by 85% by 2050 and that the state has net zero emissions in all sectors of the economy by that time.” According to the proposed regulation: If passed by both the Assembly and the Senate, the bill would require comprehensive generic environmental impact reviews and effectively ban all PoW blockchain mining operations that burn fossil fuels, including Bitcoin (BTC) mining, for a period of three years....

In particular, since launching, Nike’s NFT-related projects have made the company over $185 million in revenue, positioning it as the biggest earning brand from NFTs, as shared by Noah Levine on August 22 using Dune data. Dolce & Gabbana, Tiffany, Gucci, and Adidas round out the top five brands in total NFT revenue when carrying out the performance analysis of large brand’ NFT projects on the Ethereum (ETH) blockchain. The comprehensive dashboard on the IRL Brand NFT landscape reveals how lucrative NFTs have become for some of the world’s largest brands....

In a press statement, Nokia said the service would enable partners from various sectors to collaborate through a private blockchain. The marketplace leverages data monetization, AI, machine learning, and multi-party transactions to offer data exchange and authorization mechanisms. The service also plans to offer enterprises and communication service providers (CSPs) a platform to access trusted datasets to make better business decisions. Different use cases Furthermore, Nokia aims the marketplace will facilitate several vertical applications like electric vehicle charging, environmental data monetization, supply-chain automation, and preventative maintenance....

Interestingly, the token plummeted from $11.22 billion to $10.61 billion in the space of just ten minutes, meaning the memecoin is currently trading at $0.0000274, down 5.2% in 24 hours and down 8.2% in the last week, with a market capitalization of $10.6 billion. The collapse follows recent harsh criticism of the coin, particularly from Scion Capital’s former hedge fund manager, Michael Burry, according to Business Insider. Indeed, Burry called the token competitor to Dogecoin (DOGE), which has a Shiba Inu as its mascot, “pointless....

Furthermore, global car makers highlighted aggressive plans for developing EVs during the Paris Motor Show. Market participants’ positive news of the Inflation Reduction Act is again being considered, pushing EV stocks higher, potentially indicating solid fourth quarters for all EV producers. Lucid Group’s (NASDAQ: LCID) stock price over the week managed to stay flat, despite last week’s positive update on the firm by Morgan Stanley (NYSE: MS) analysts. The banking giant underlined the importance of the relationship between the EV producer and the Kingdom of Saudi Arabia....

Particularly, Quant has advanced 16.76% over the past 24 hours and currently trades at $93.12, leading the market in terms of gains. The close runner-up Ethereum Classic gained 14.74% in the same time period and currently is trading at $27.17, as per data acquired from CoinMarketCap on July 27. Furthermore, the two best 24-hour performers are followed by the stablecoin TerraClassicUSD (USTC) in third place, gaining 10.10%, Lido DAO (LDO) in fourth with 7....

There are 105 nations that recognize cryptocurrencies, but some aren’t the biggest supporters of digital currency. New research from Forexsuggest shared with Finbold that reveals the countries with the slowest adoption of crypto – from crypto ATMs to owners. Specifically, the research looked at data on cryptocurrency owners, cryptocurrency ATMs, and yearly cryptocurrency searches in each nation to determine which nations are the most anti-crypto in the globe. Saudi Arabia, which has a cryptocurrency, has a quasi-legal status; although there are no limits on people purchasing crypto, banks have implemented a permanent ban on cryptocurrency transactions since 2018....

Indeed, the Cyprus Securities and Exchange Commission (CYSEC) has made the United Kingdom-based neobanking platform Revolut its crypto-asset service provider (CASP), the bank said on August 12, CoinDesk reported. This way, the bank can now set up its European hub in Cyprus and offer additional crypto services, and exposure to crypto assets like Bitcoin (BTC) to its 17 million customers in the European Economic Area (EEA) after the Markets in Crypto Assets (MiCA) bill is enforced....

One of them is Brazil’s tourist hot spot Rio de Janeiro, whose Municipal Secretary of Finance and Planning Andrea Senko reiterated the city government’s plans to integrate with Bitcoin (BTC) and the crypto market, with the aim for the city to become “the crypto ecosystem of Brazil,” Boletim Bitcoin reported on July 5. In an exclusive interview with the Brazilian outlet, Senko confirmed the city’s intention to adapt to the future, explaining that: Furthermore, she also addressed the question of Bitcoin adoption, stating that: To this end, the city’s authorities established a Municipal Committee for Crypto Investments (CMCI) on March 30, 2022, with a task to work on “an investment policy on cryptoassets and a governance model for decision-making....

In order to produce new currencies computers are used to solve complex computational problems which validate the transactions on the blockchain. This is called ‘mining’ and creates new coins which are then distributed among the miners. With the crypto market being worth over $1.7 trillion, companies were formed among other things to focus on the mining aspect of coin creation, with new ones springing up and joining the fray. Finbold has analyzed this new field and pinpointed a publicly-traded crypto mining company that is growing faster than the others....

In particular, the fund is called the Sberbank Blockchain Economy ETF, and it trades on the Russian stock market under the ticker “SBBE,” according to a statement from Sber Asset Management. Notably, the ETF claims to be the country’s first exchange-traded fund to give exposure to firms working with blockchain technology by following the Sber Blockchain Economy Index and developed by SberCIB. The fund provides investors with exposure to cryptocurrency trading businesses such as Coinbase, Galaxy Digital, and blockchain software company Digindex....

Investors generally consider gold a safe inflationary hedge, especially in the face of geopolitical uncertainty. With the Russian-Ukraine war adding inflationary pressure coupled with supply chain issues, gold is playing its role as a refuge for investors fleeing from volatile markets. In the last six months, gold performed impressively climbing slowly towards all-time highs, the price appreciation was 10.85%. During this time period as global tensions were ratcheting up gold’s performance improved....

Silver’s high performance brought the gold-silver ratio back below 100 after registering record-high levels from the coronavirus-induced market crash in March. Some traders try to profit off trends in the ratio though the ratio itself is not available on any exchange. The traders go long on one metal and short the other. Also, the long-term bullion investors use this ratio to measure the relative value when determining whether to go for gold or silver in their new purchases....

In particular, SHIB has outperformed several other tokens and is only third to the major stablecoins, Tether (USDT) and U.S Dollar Coin (USDC), by number of users over the last seven days. The token has 78,089 unique users, following USDT and USDC with 485,935 and 232,311 respectively. This high usage is in spite of SHIB’s unimpressive market performance since October. New use cases attracting users despite poor price performance It’s worth mentioning SHIB was created as a meme token with nothing more to it, similar to its competitor Dogecoin (DOGE)....