BlackRock

The post Are Blackrock and Paypal Buying These Altcoins? appeared first on Coinpedia Fintech News Crypto analyst Chico Crypto chimed into the missed and one of the most significant partnerships. He highlighted PayPals innovative effort to promote green Bitcoin mining, aiming to encourage environmentally friendly practices in the crypto-mining industry.  Decoding Green Bitcoin Mining Partnership This collaboration involves PayPal’s Blockchain Research Group, Energy Web, and DMG Blockchain Solutions Inc. Together, they aim to reward miners who use low-emission energy sources.…

The Hedera Foundation announced the tokenization of BlackRock’s ICS US Treasury Money Market Fund on the Hedera network. Archax and Ownera decided to tokenize the fund shares they held, clarifying BlackRock’s non-affiliation with Hedera. BlackRock has clarified the confusion surrounding the announcement involving the Hedera Foundation. On April 24th, BeInCrypto reported a price surge of over 100% for HBAR following news of an innovative partnership with BlackRock. Facilitated by @ArchaxEx, shares of @BlackRock’s ICS US Treasury money market fund are…

HBAR, Hedera’s native token, saw a sharp correction following clarification that the world’s largest asset manager, BlackRock, was not directly involved in the tokenization of its ICS Treasury Fund on the Hedera network.  HBAR Token Crashes By Almost 35% Data from CoinGecko shows that the HBAR token has declined by almost 35% since its price rose by over 100% on the back of the announcement, which many misinterpreted to mean that BlackRock tokenized its fund on the Hedera network. On…

BlackRock’s iShares Bitcoin Trust (IBIT) has recorded no new inflows for the first time in over two months. This marks a significant pause in its steady growth. This stagnation comes amid broader fluctuations within the US spot Bitcoin exchange-traded funds (ETFs) market, contrasting sharply with the excitement in overseas markets like Hong Kong. US Spot Bitcoin ETFs Stall as Hong Kong Innovates On April 24, the cumulative daily inflow of US Bitcoin ETFs dipped to a negative $120.64 million, according…

The US SEC is delaying its decision on Ethereum ETFs filed by BlackRock, Grayscale and Franklin Templeton. The decision is now expected in June. Market experts have been sounding the warning about the SEC’s lack of interest and engagement with prospective issuers, which indicated the agency had no interest in approving the ETFs. Grayscale and BlackRock will have to wait an extra 60 days for the decision on their Ethereum exchange-traded fund (ETF) application with the US Securities and Exchange…

The post HBAR’s BlackRock Rollercoaster: 100% Surge, 47% Plunge, What’s Next? appeared first on Coinpedia Fintech News The Hedera token experienced a massive surge of over 100% to its portfolio following a hoax news breakout of its partnership with Archax to tokenize BlackRock’s ICS US Treasury money market funds on its blockchain. However, the news was later clarified to be a rumor. This resulted in a significant increase in the selling pressure for the altcoin in the market. Despite a…

The post Hedera(HBAR) Price Soars 70% on False BlackRock Association appeared first on Coinpedia Fintech News Hedera’s announcement on Tuesday about tokenizing BlackRock’s U.S. Treasury money market fund on its blockchain sparked a significant surge in trading activity for the platform’s native cryptocurrency, HBAR. However, it’s important to clarify that BlackRock was not directly involved in this tokenization project on Hedera. The news has opened the floodgates to TradFi giants realizing how big of a game-changer Hedera is. Today we…

Bitcoin tried to take down the $67,000 level once more in the past day or so but failed to overcome it decisively and now sits inches below it. The altcoins are well in the green, with ETH jumping to $3,250 and TON recovering some of the most recent losses. HBAR is today’s top performer after some interaction with BlackRock. BTC Goes After $67K Bitcoin’s price faced massive volatility last week, mostly driven by the escalating tension between Iran and Israel.…

Hedera Hashgraph enhances energy efficiency by supporting over 10 million transactions with the energy typically used for a single Bitcoin transaction. Archax, utilizing Hedera’s platform, collaborates with BlackRock to revolutionize institutional crypto through tokenized money market funds (MMFs). Hedera Hashgraph excels in the blockchain space by handling over 10 million transactions with the energy of a single Bitcoin transaction, showcasing its commitment to sustainability. Archax, the UK’s first regulated digital asset exchange, uses Hedera’s efficient platform to offer secure trading…