According to a statement, asset manager BlackRock has launched a private bitcoin trust fund for institutional clients in the United States. In other words, the company will now allow its clients to gain direct exposure to Bitcoin.
BlackRock announces the launch of Bitcoin Confidence
The world’s largest asset manager appears to be doubling down on the world’s largest cryptocurrency. Earlier today, BlackRock announced that it had launched a Bitcoin Private Confidence, giving for the first time to its US institutional clients. access to bitcoin place.
According to the announcement: “Despite the sharp decline in the digital asset market, we are still seeing substantial interest from some institutional clients in how to efficiently and profitably access these assets using our technology and product capabilities.”
Furthermore, the company added that Bitcoin is the main asset crypto of interest to its clients, and has explored permissioned blockchains, stablecoins, crypto assets and tokenization in the ecosystem crypto longer.
The launch of the trust follows the BlackRock’s recent partnership with base of coins. On August 4, it was revealed that the two companies had signed an agreement that allowed base of coins to provide access crypto to BlackRock clients. base of coins Prime makes it easy to serve.
Bonus: Exchange Hotbit has suspended withdrawals amid an investigation by authorities.
Focus on BlackRock
As a reminder, BlackRock is the The world’s largest asset manager, with approximately $9 trillion in assets under management. The became increasingly interested in space crypto during the last bullfight cryptowhen microstrategy, rufer and many other institutional players have started to adopt Bitcoin.
Additionally, the investment giant suggested bitcoin could replace gold by the end of 2020, after SEC filings showed the company had bought bitcoin futures on the CME.
However, BlackRock CEO Larry snitchsaid that customer interest in cryptocurrencies had declined as of July 2021. Things seem to have changed after the April release of a YF crypto and the latest private Bitcoin fund.
Read: Tether and Circle extend support to Ethereum for their upcoming PoS transition.
Have you ever received a reply to one of your tweets from a celebrity? Or maybe there’s a great answer that you really want more people to see.
Soon, you’ll be able to show off those best answers with a new ‘Reply Pin Option currently under test at tweet headquarters, which, according to the latest discovery by a reverse engineering expert Jane Manchun Wong looks like a real launch.
As you can see here, Wong has discovered a new introductory screen for pinning a tweet reply, which explains the basics of the process.
Wong also discovered the initial test of the option in Mayposting these examples of response pinning in action.
Based on these example screens, with the tweet reply pinning, you’ll be able to tap the three-dot menu on a reply, then keep that reply at the top of the thread, maximizing exposure for that specific interaction.
Which, as noted, could be good for highlighting celebrity engagement or helping to highlight the best replies to their tweets. It can also be a means for brands to help improve community engagement, by inviting the most creative responses and then pinning the best response.
But really, the main impetus here is to add another element of control to your tweeting experience. Twitter has added a variety of tools on this front over the past year, from community response controls to removing yourself from a tweet conversation. Twitter is working to give users even more ability to manage exactly how they engage and interact within the app, with pinned responses adding another small improvement in this context.
Will it be a big change? No, it’s not a ‘game changer’ by any means. But it will be another element to experiment with, and there could be several ways to use the option within your tweet process.
And it looks like it’s coming soon – we’ll keep you posted on any progress.
South Korean Telecommunications Company, SK Telecomannounce plans to launch a blockchain wallet for crypto business. The company is said to have signed agreements with AhnLab block chain Company and Atomix Laboratory to operate the portfolio Web3.
a wallet Web3 for the general public
The wallet was developed in partnership with AhnLab block chain Company (ABC) and atom rings Laboratory. More precisely, SKT Use the digital asset wallet source code development service developed by ABC. Once the portfolios are finalized, SKT and ABC directed the operations, and atom rings Laboratory Will provide technical support to both companies.
This wallet designed for the challenges web3 allowed users to store, transfer and receive different types of cryptocurrencies and tokens issued on the blockchain.
According to the CEO ofAtomic Platforms Laboratory : “The biggest obstacle to blockchain expansion is wallet staff because of its difficulty in solving both the problem of safety and convenience”.
Consequent pair, the portfolio web3 it’s designed for alleviate these two challenges in the application of blockchain technology and in the use of the latest cryptographic solutions. In fact, users can use this wallet to log in to dapps specially developed for him web3. They could do it safely thanks to encryption technology » Secured MPC » integrated.
See more: One of the founders of 3AC breaks the silence and denies allegations of non-cooperation.
SKT I thought that Web3 and blockchain are the future of society.
Oh Se Hyeonhead of digital activities at SK Telecombelieve that the future of the company will certainly be closed related to the use of blockchain.
According to him, “the current online environment is entering the era of web3where users can directly own and manage all their data”.
Values that the ecosystem developed by SK Telecom Seems designed to meet the challenges of blockchain, the company has implemented a strategy that should allow it to stay ahead of its competitors. In this sense, SK Square Already working on launching its own cryptocurrencywhich should be available for all the services offered by the company.
Accordingly, the mission of the portfolio web3 I threw by SK Telecom is to be the leader of this ecosystem. This by providing easy and secure management of digital assets to corporate clients.
Bonus: Blackfridge launches the first regulated free sterling pegged stablecoin in the UK.
Belgium organizes public consultations on crypto assets. Its objective is to determine if some should be classified as securities, investment vehicles or financial instruments. Organized in collaboration with the local regulator FSMA, consultation It must end before July 31.
Belgium launches consultations on crypto classification.
Officials from the country’s financial sector and investor representatives can participate in the consultation. In addition, the regulator set out its thinking on how to classify it. The document also recommends existing regulations that each asset class will need to comply with.
- The first step in classifying a digital asset, as defined by the FSMAis to determine if it is “embedded in an instrument”. In other words, whether it is fungible or tradable. Assets that are not embedded in the instrument are not transferable securities and are governed by EU prospectus rules. When embedded in instruments, their classification may depend on one of two things related to their issuer. On the one hand, the tool can represent the voting rights of an investor in the project or the right to receive a certain return.
- From elsewhere, the asset is qualified both a transferable security and a financial instrument if they are transferable. The EU Prospectus Law, which regulates financial instruments, applies to these assets. Indeed, it obliges issuers of digital assets to publish prospectuses for potential investors, and the Markets in Financial Instruments Directive (MiFID).
- Furthermore, it isan investment vehicle if the asset is not transferable. In this context, assets are investment vehicles if they have a primary or secondary investment purpose. If there is no investment objective, it falls outside the scope of the prospectus.
However the FSMA He said issuerless digital assets are not subject to any existing EU regulations. On the other hand, the regulator cites BTC Y ETH as examples of such assets.
To find out: The United States encourages Japan to close cryptocurrency companies that work with Russia.
Waiting for a unified regulation of digital assets in the EU
The regulator added that the consultation is aimed at providing clarity on the ongoing harmonization of European regulations on digital assets. the Mica it will enter into force in 2024 after being approved by EU lawmakers this month.
Also, consult Following publication by the regulator registration guidelines companies and digital asset exchanges in May.
See more: Uniswap Suffers $8M Phishing Attack, Binance Gives a False Alarm.
Facebook is launching a new “Creator Collaborations” option to help increase creator exposure in the app
As it looks to add more ways to help creators build their presence and monetize their work in the app, Facebook is launching a new ‘The Creator Collaborations feature, which will allow creators to collaborate with others on content to extend their reach.
As you can see in this example, Creator Collaborations will allow multiple creators to be listed on a single Facebook post, providing both additional brand awareness, via the tag, and expanded reach to the combined audience of two collaborators.
As Facebook explains:
“With this tool, a creator can invite a second creator to publish a single video content together. If the second creator agrees, the post will be published on both collaborators’ pages. The collaborators will share the same distribution for the content and will be able to display shared information, such as reach and engagement, in Creator Studio.
It’s a lot like Facebook’s existing branded content tags, which allow brands to tag collaborating businesses in a single post to boost their promotional efforts.
And it could be a great way for more established stars to help newcomers gain more exposure, showing their work to a wider audience and allowing viewers to check their profile for more information.
Although it is quite limited at the moment.
Facebook says the option is currently only available for video posts, although other creator options are in development, while it’s also only available to those who manage a creator profile in the app.
But it could provide more ability to establish an in-app presence, which could also make meta tools a bigger part of your community building and ultimately monetization efforts.
Meta also added ads for short videos and live streams, a new Creator Marketplace on Instagram, an extension of its Reels Play Bonus program, and more, all of which provide additional avenues of discovery and monetization for creative efforts in its apps.
Attracting top talent is a key battleground for social apps, with each platform now offering incentive programs and deals to sweeten their deals, and keep the most talented creators posting regularly, prompting users to come back for the latest updates.
Indeed, just this week, YouTube signed a new exclusive content deal with one of Brazil’s most popular game creators, and it’s these kinds of direct publishing deals that will likely become more and more common then. that YouTube and Meta, in particular, seek to combat the TikTok threat. .
Starve content competitors and you’ll drive audiences back to your apps, which is a more expensive and potentially risky route to take. But that could be how Meta ends up bringing more users back to its apps.
The main US stock exchange coinbase announces that she is starting to list the term “Nano or BIT” bitcoin contracts today. It produced this development through a recent acquisition of a platform aimed at entering the lucrative cryptocurrency derivatives market.
an overview on contracted with Coinbase BIT term
The contract offered through a retail level broker will be 1/100 of the Bitcoin tail. They should start a business on the coinbase derivatives Swap todaybased on a blog post from the company on Thursday.
Furthermore, they will only be offered by third-party brokers and clearing houses. You hire them on term coinbase BIT will be available from companies What NinjaTrader, Optimus Futures, Stage 5, EdgeClear, iron beam and translate.
Read: Ripple is expanding in North America to open a new central engineering office in Toronto.
FairXa stock of products derived from CFTC. More, coinbasewho recovered FairX In January, witness the approval of an operating license as an end-of-term commissionaire. This will enable it to directly offer its clients futures contracts on margin. Coupled with the user-friendly interface of coinbasederivatives trading see derivatives trading crypto much more accessible.
The BIT contract became the first derivative product crypto coat of coinbase. The news comes as trading volumes for the sector continue to show big names in the billions of dollars.
A spokesperson for coinbase I declared: “This is a step towards creating a robust and regulated crypto derivatives market.”
The latest developments of coinbase
The news follows a number of changes that coinbase to distribute lately. For example, the company recently reorganized the portfolio coinbase in order to give back ” Web3 more accessible and intuitive. Also, the next day coinbase to explain that he was combining coinbase Pro (change) once you count coinbase utility.
According to the announcement: “We plan to merge the features and fee schedule of coinbase Pro in a new account coinbase unified platform that gives us users the choice of an advanced trading experience or the simplicity of the mainstream app coinbase“.
Read more: Coinbase will replace Coinbase Pro for Advanced Trade.
May 31st, Binance Smart Channel Launch a new technical roadmap. It aims to improve transaction speed, network decentralization and development support. According BSCthe new dApp offer to consumers “greater capacity, faster transactions, greater network decentralization, security and stability”.
Cannot attend #BNBCain Reveal Summit Live Stream? Do not despair ! 😉
In this thread, we’ll provide you with live coverage of the event so you can keep up to date with the most important news🥳
Watch on YouTube
or Binance Live
— BNB Channel 🔶 (@BNBCHAIN) May 31, 2022
As a reminder, Binance Chain and Binance Smart Chain merged to form the former multi-chain infrastructure layer now called BNB Chain, in February. BNB Chain supported the new ecosystem as well as the governance mechanism of BNB.
Bonus: Tether holds part of its reserves in a small Bahamian bank, Capital Union.
The roadmap includes several notable developments.
- Actually, I gas trained her in a pad BSB increase to 200 million in the third quarter of 2022, i.e. double whatethereal had so far. This ensures faster and cheaper transactions and will provide “an experience dApp transparent even during network traffic shots,” the ad suggests.
- The announcement highlights that upcoming developments focus on the the decentralization of layer 1 blockchains. This by integrating open source applications into its beacon chain.
- Moreover, with the proposal BEP-131, the name of validators will also be decentralized from 21 to 41. In this way, the team thought it would offer users a higher degree of transparency and security.
- Known for allowing users to easily create their own platform through the BNB Application side chain (DOWN), BNB the chain will lead ZkRollups to DOWN and possibly to the system zkBAS. I noticed that the change could improve the balance between security and performance and increase the transaction deficit.
- otherwise, the solutions DOWN and zkBAS specify are designed for building an “application-specific infrastructure”. They will therefore deal with computing power and data storage.
The CEO of Binance, Changpeng ZhaoI stated that the features have improved make BNB Channel the future of blockchain. CZ said it would become a highly decentralized community-controlled product.
“The blockchain can do many things. The first applications focus on Challengebut i thought that BNB Chain is much larger than binance.com. The community decides that they are future. I thought that in the future, people interact with the blockchain without even knowing if it is money, banking, etc.
Also, Uri FerrucioFoundation Executive Director BNBalso shared his thoughts on the roadmap. I affirm that technical improvements are crucialbecause they could bring significant changes to developers and consumers.
Official News: Kazakhstan received $1.5 million back from Bitcoin miners in its first quarter of 2022.
Crypto Valley business Capital city (RESUMEresume) I recently announced the launch of an unlocking fund for African blockchain start-ups. The venture capital firm invests in 12 start-ups with examples beyond the crypto. Additionally, they will invest in 100 African startups in 2025 alone.
The launch of an Africa-focused fund
Crypto Valley business former capital of leverage of 10 to 50 million dollars over the next 4 years to invest in 100 start Africans. According to the announcement, the venture capital fund made 12 investments in AfricaNope africa leadership Residence. Authorized Nigerian company registers funds based on blockchain and Ghanaian mobile payment platform Mazzuma.
According to CVVCAfrica has the passion and talent to support the development of successful businesses. As such, Africa will be a major market for “Blockchain Enterprises” over the next 5 years. the plural part start They can come from South Africa, Nigeria, Kenya, Ghana and Egypt, but they also support initiatives from across the continent.
Bonus: The government of Uruguay announces the launch of a campaign against banks linked to cryptocurrencies.
Venture capital investments in Africa
Along with the fund announcement, CVresume also published a report titled “Blockchain in Africa Report 2021″. I explained to him that the funding of African blockchain companies has exceeded the global growth of African venture capital funding by 11 years for one year.
According to the company, one of the reasons for this is that cryptocurrencies benefit from circumventing traditional financial processes. Furthermore, the company believes that cryptocurrencies are good enough to alleviate various economic deficits in the region.
In fact, the exchange VALR is a notable examplewhich closed its largest funding round in the United States in March 2022, raised $50 million. While start-ups like VAL Have succeeded in raising more capital, Africa has yet to see a “blockchain mega-deal”.
More and more venture capitalists are showing interest in the region. However, the company that deals with emerging liquors in the region’s cryptocurrency and blockchain ecosystem with next 2-3 years
moreover, Speedwell HallerChargé d’Affaires of the Swiss Embassy in South Africa, said:
“Blockchain has the potential to be a catalyst for positive change and shape the future of our continent. With data in and still around blockchain in Africa scarce, first report Africa The blockchain will be an important step. And let’s bet that Africa will soon be home to its first unicorn blockchain. »
To go further: The European Central Bank says that cryptocurrencies are not suitable as a store of value.