Tag: Crypto

Abu Dhabi’s Mubadala Expands Bitcoin ETF Portfolio By $436.9 Million

Abu Dhabi’s renowned wealth management firm Mubadala has invested $436.9 million in BlackRock’s BitcoinETF. Mubadala, the giant managing assets worth $330 billion, is diversifying its portfolio aggressively. A US Securities and Exchange Commission (SEC) filing revealed Mubadala’s confidence in Bitcoin and allocation of nearly half a billion to the...
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MANTRA Secures a License From Dubai’s VARA to Operate as a Virtual Asset Exchange

The DeFi platform MANTRA obtained a Virtual Asset Service Provider (VASP) license from Dubai’s dedicated regulator overseeing crypto operations.  The approval now allows the entity to serve as a Virtual Asset Exchange and provide Broker-Dealer and Management and Investment Services.  MANTRA’s Milestone According to a document shared with CryptoPotato,...
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Stablecoins Are A Big Deal, But Not Where You’d Expect, Bernstein Says

Stablecoins are becoming a significant force in financial markets, but their impact is concentrated outside of traditional payments, according to a new report by Bernstein on Wednesday. While their market capitalization has surged to approximately $220 billion—marking a 74% increase compared to last year—their primary use case remains within...
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Ripple Whales Go on a Buying Spree Again: Is XRP Ready for New Heights?

TL;DR Whales have purchased almost $400 million worth of XRP in the last two days, which could potentially drive upward pressure on the asset’s valuation. Growing anticipation for a spot XRP ETF, with SEC acknowledgment of filings from Grayscale, 21Shares, and Bitwise, could provide a major catalyst for future...
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