BlackRock’s Bitcoin ETF application is a big deal, 3 tailwinds for Bitcoin[10 carefully selected books you want to read on Sunday]| CoinDesk JAPAN | Coin Desk Japan

BlackRock, the world’s largest asset manager, filed for approval last week for a Bitcoin spot ETF (exchange-traded fund). A pleasant surprise for a market that has been battered by a barrage of bad news for the past 12 months — picking 10 books to read on Sunday from the columns, analysis and interviews we published this week.

In February 2022, it was first reported that BlackRock, the world’s largest asset management company, was planning a crypto asset (virtual currency) trading service. And last week, there was finally movement.

Directional traders who have been betting on the rise of Bitcoin (BTC) have been disappointed over the past two months. Bitcoin has fallen more than 16% since reaching a high of $31,000 two months ago.

Amid concerns over cryptocurrency regulation and the return of a bear market in the United States, an email from the digital asset team at a major international investment bank left me with contradictory indicators and a view of the industry from a purely American perspective. It reminded me of things I shouldn’t see.

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With a young, tech-savvy and financially unfamiliar user base, the Metaverse offers banks a unique opportunity to build relationships with digital natives and fintech-friendly consumers. It is also important for banks to be able to utilize such talent for future employment.

As of March 2021, stablecoin issuer Tether has funds in four banks, two investment management firms, two gold depositaries and gold brokers, and sister company Bitfinex. was kept. Documents obtained by CoinDesk revealed.

Layer 2, which has native tokens and acts as a bridge, may pose more problems than solving blockchain problems as a scaling solution. Trust Machine’s Rena Shah thinks so.

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Financial institutions are rushing to take a fresh look at crypto assets (virtual currencies).

BlackRock, the world’s largest asset manager, last week applied for a Bitcoin (BTC) exchange-traded fund (ETF). This week, another major asset manager, Invesco, also re-applied for a Bitcoin ETF. In addition, Wisdom Tree has reapplied.

In retrospect, the U.S. Department of Justice will appoint veteran cybersecurity expert Eun Young Choi as the first director of the department’s National Cryptocurrency Enforcement Team (NCET) in the winter of 2022. The nomination may have been the first sign of the decidedly hostile approach the US government is now taking to the cryptocurrency industry.

I recently had a meaningful conversation about High-Frequency Trading (HFT) in the cryptocurrency market. I knew I had to think about this area in general, and just in time, I had the opportunity to talk to someone who was actually involved. …read more

It is becoming clear that centralized exchanges (CEX) can no longer support the growth of crypto assets.

CEX has lost billions of dollars due to external attacks (Mt.Gox), internal asset abuse (FTX), and regulatory crackdowns (Binance and Coinbase). Decentralized exchanges (DEXs), on the other hand, can address all three of these issues.

｜Text and editing: coindesk JAPAN editorial department
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