Featured Analysts ‘not surprised’ to see a Bitcoin price correction ahead of halving
Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Donec sit amet eros. Lorem ipsum dolor sit amet, consecvtetuer adipiscing elit. Mauris fermentum dictum magna. Sed laoreet aliquam leo. Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus.
Web3 Base Layer – Mystiko.Network Completed a 18 Million USD Seed Funding Round
Sed laoreet aliquam leo. Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.
Over 2000 ICO Investors Declare Investments Amid Regulatory Compliance Push
In a significant development for the cryptocurrency and blockchain industry, more than 2000 investors who participated in Initial Coin Offerings (ICOs) have come forward to declare their investments. This move comes as regulatory bodies ramp up efforts to ensure compliance and transparency within the rapidly evolving digital asset space.
Voluntary Declaration Initiative
The investors, hailing from various parts of the globe, have voluntarily disclosed their participation in ICOs, providing details of their investments as part of a broader initiative to adhere to regulatory guidelines. This proactive step is seen as a positive sign of cooperation from stakeholders within the cryptocurrency community.
Navigating Regulatory Landscape
ICOs, which emerged as a popular fundraising method for blockchain projects, have faced scrutiny from regulators due to concerns over investor protection and potential misuse. The voluntary declarations by investors signal a willingness to navigate the evolving regulatory landscape and operate within established frameworks.
Commitment to Transparency
In recent years, regulators have emphasized the importance of transparency and compliance in the cryptocurrency market. By declaring their investments, ICO participants are demonstrating a commitment to transparency, which is essential for building trust and legitimacy within the industry.
Regulatory Compliance Efforts
Authorities overseeing the cryptocurrency sector have welcomed the proactive approach taken by investors. The declarations will aid regulators in gaining insights into the extent of ICO participation, ensuring that projects and investors adhere to legal requirements and best practices.
Positive Impact on Market Confidence
The move by over 2000 ICO investors to declare their investments is expected to have a positive impact on market confidence. It signals a maturing of the industry, with participants taking responsibility for their actions and working towards a more sustainable and regulated environment.
Encouraging Responsible Investment Practices
Industry experts have praised the investors’ initiative, noting that it sets a precedent for responsible investment practices in the cryptocurrency space. As the market continues to evolve, such actions contribute to its long-term stability and growth.
Next Steps
With the declarations submitted, investors and regulatory bodies are now poised to engage in constructive dialogue. This includes discussions on compliance measures, investor protections, and ways to foster innovation while ensuring market integrity.
As the cryptocurrency and blockchain sectors continue to evolve, the voluntary declarations by ICO investors serve as a notable milestone in the industry’s journey towards regulatory clarity and responsible growth.
From LA to Riyadh: Outer Edge Web3 Innovation Summit debuts in Saudi Arabia in partnership with Animoca Brands and KACST
Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae
Bitcoin price: Is this the last dip buying opportunity?
Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus.
BlackRock deepens crypto push, debuts first tokenized fund on Ethereum
BlackRock, the world’s largest asset manager, today launched its first tokenized investment fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
Per its official statement, the move signals a major shift towards the integration of blockchain technology into traditional finance. The fund, built
on the Ethereum network, aims to provide qualified investors with U.S. dollar yields accessible through Securitize Markets, LLC.
Robert Mitchnick, BlackRock’s Head of Digital Assets, said the fund focuses on solving client issues in the digital space. “This is the latest progression of our digital assets strategy. We are focused on developing solutions in the digital assets space that help solve real problems for our clients, and we are excited to work with Securitize,” he added.
BUIDL offers a stable token value pegged at $1, distributing dividends directly to investors’ wallets monthly. It focuses on investments in cash, U.S. Treasury bills, and repurchase agreements, ensuring yields for token holders on the blockchain. The fund introduces 24/7 token transfers among pre-approved investors, along with flexible custody options.
Prominent crypto infrastructure providers like Anchorage Digital Bank NA, BitGo, Coinbase (NASDAQ:COIN), and Fireblocks are among the first participants supporting BUIDL. BlackRock has chosen Bank of New York Mellon for asset custody and fund management, while Securitize will manage tokenization and fund operations.
Additionally, BlackRock has invested in crypto infrastructure specialist Securitize, appointing Joseph Chalom, Global Head of Strategic Ecosystem Partnerships at BlackRock, to Securitize’s Board of Directors.
The fund’s token shares will be issued under specific U.S. securities regulations, with an initial investment threshold of $5 million. PricewaterhouseCoopers LLP will audit the fund operations to ensure compliance with relevant regulations.
“Tokenization of securities could fundamentally transform capital markets. Today’s news demonstrates that traditional financial products are being made more accessible through digitization. Securitize is proud to be BlackRock’s transfer agent, tokenization platform and placement agent of choice in digitizing and expanding access to its investment products,” said Securitize co-founder and CEO Carlos Domingo.
Earlier this month, the U.S. Securities and Exchange Commission (SEC) postponed its decision on a proposal from BlackRock for a spot ethereum exchange-traded fund (ETF). This delay marked another hiccup for the asset manager as it aims to launch the iShares Ethereum Trust, which is set to be listed on the Nasdaq should it receive approval.
Bitcoin price: hamstrung at $66k as dollar rebounds to 3-week high
Nam elit agna,endrerit sit amet, tincidunt ac, viverra sed, nulla. Donec porta diam eu massa. Quisque diam lorem, interdum vitae,dapibus ac, scelerisque vitae, pede. Donec eget tellus non erat lacinia fermentum. Donec in velit vel ipsum auctor pulvinar.
