• BlackRock CEO Larry Fink has praised Bitcoin as an “international asset” and likened crypto to “digitizing gold.”
• Bitwage has halted USDC payments for US residents due to “strict regulations.”
• Valkyrie’s spot-Bitcoin ETF application has been refiled with Coinbase named as surveillance partner.

BlackRock CEO Larry Fink Likens Crypto to Digitizing Gold

BlackRock CEO Larry Fink recently praised Bitcoin as an „international asset“ and likened crypto to „digitizing gold.“ This shows his support for the rapidly growing cryptocurrency market, which is increasingly becoming a mainstream investment option.

Bitwage Halts USDC Payments for US Residents

In response to the increasing regulatory scrutiny of cryptocurrencies, Bitwage has announced that it will be halting all USDC payments for US residents due to „strict regulations.“ This decision comes after the company received several inquiries from regulators regarding its operations in the country.

Valkyrie Spot-Bitcoin ETF Application Refiled With Coinbase Named As Surveillance Partner

Valkyrie’s spot-Bitcoin exchange-traded fund (ETF) application has been refiled with Coinbase named as the surveillance partner. The refiling is part of Valkyrie’s attempt to gain approval from the U.S. Securities and Exchange Commission (SEC) for its ETF product, which would allow investors to gain exposure to BTC without having to purchase tokens directly from exchanges or other third parties.

Coinbase Market Share on Rise Despite SEC Actions

Coinbase’s market share continues to grow despite recent actions taken by the SEC against some of its products and services. The exchange currently holds an estimated 15% of total trading volume across all major cryptocurrency exchanges, up from 10% in 2020, according to data from CoinMarketCap .

SEC, FTX & Three Arrows Capital Contest BlockFi’s Bankruptcy Plans

The U.S. Securities and Exchange Commission (SEC), alongside bankrupt crypto firms FTX and hedge fund Three Arrows Capital (3AC), have objected to BlockFi’s bankruptcy plans, claiming that they fail to provide adequate information for stakeholders involved in its bankruptcy process. The SEC requested the court suspend BlockFi’s plan until more detailed information was provided about such broad releases so that affected stakeholders can make informed decisions about their rights or obligations under those releases.

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