Day: April 30, 2025

BlackRock files to create digital shares tracking one of its money market funds

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Asset manager BlackRock has filed to create digital ledger technology shares from one of the firm’s money market funds, which will leverage blockchain technology to maintain a mirror record of share ownership for investors. The DLT shares will track BlackRock’s BLF Treasury Trust Fund (TTTXX), which may only be purchased from BlackRock Advisors and The Bank of New York Mellon (BNY), the firm said in its April 29 Form N-1A filing with the Securities and Exchange Commission. The money market fund holds over $150 million worth of assets, invested almost…

US Treasury’s OFAC can’t restore Tornado Cash sanctions, judge rules

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The US Treasury Department’s Office of Foreign Assets Control can’t restore or reimpose sanctions against the crypto mixing service Tornado Cash, a US federal court has ruled. Austin federal court judge Robert Pitman said in an April 28 judgment that OFAC’s sanctions on Tornado Cash were unlawful and that the agency was “permanently enjoined from enforcing” sanctions. Tornado Cash users led by Joseph Van Loon had sued the Treasury, arguing that OFAC’s addition of the platform’s smart contract addresses to its Specially Designated Nationals and Blocked Persons (SDN) list was…

Strategy’s Bitcoin buys should be ‘super careless’ to pump price — Exec

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Key takeaways: Richard Byworth says Michael Saylor’s Strategy could ramp up its Bitcoin buys by acquiring cash-rich companies and converting their cash into Bitcoin. He says that Strategy should consider accelerating purchases as the Bitcoin supply on exchanges continues to decline. Byworth argues that aggressively increasing Bitcoin holdings would boost Strategy’s mNAV, benefiting shareholders. Michael Saylor’s Strategy should take a more aggressive approach to buying Bitcoin by acquiring companies to use their cash holdings to fund purchases and do away with over-the-counter buys, a crypto executive says. “Saylor’s strategy so…

Ethereum Price Shows Strength — Bulls Active and Eyeing Upside

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum price started a downside correction from the $1,850 level. ETH is now consolidating near the $1,800 zone and might aim for a move above $1,820. Ethereum started a…

Bitcoin Price Steady Above Key Levels — Ready for a New Push Higher?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price is consolidating gains above the $94,000 zone. BTC is again rising and might aim for a move above the $95,500 resistance zone. Bitcoin remained supported above the…

Bitcoin space race is on and US wants to win it: Bo Hines

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Key Takeaways The US aims to become the Bitcoin superpower with a strategic approach outlined by the administration. A Strategic Bitcoin Reserve initiative highlights the US view of Bitcoin as digital gold with intrinsic stored value. Share this article White House crypto advisor Bo Hines said a global space race for Bitcoin accumulation is underway, and the US is determined to lead it. “I think there is definitely a sort of space race as it pertains to the accumulation of this asset,” said Hines in a recent interview with Bitcoin…

Australia’s finance watchdog to crack down on dormant crypto exchanges

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Australia’s financial intelligence agency has told inactive registered crypto exchanges to withdraw their registrations or risk having them canceled over fears that the dormant firms could be used for scams. There are currently 427 crypto exchanges registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), but the agency said on April 29 that it suspects a significant number are inactive and possibly vulnerable to being bought and co-opted by criminals. The agency is contacting any so-called digital currency exchanges (DCEs) that appear to no longer be trading, and AUSTRAC…

Ledger scammers are sending letters to steal seed phrases

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Scammers are mailing physical letters to the owners of Ledger crypto hardware wallets asking them to validate their private seed phrases in a bid to access the wallets to clean them out. In an April 29 X post, tech commentator Jacob Canfield shared a scam letter sent to his home via post that appeared to be from Ledger claiming he needed to immediately perform a “critical security update” on his device.  The letter, which uses Ledger’s logo, business address, and a reference number to feign legitimacy, asks to scan a…