Skip to main content

Blackrock enters cryptocurrencies

 


Who is Black Rock?

Blackrock is the world's largest wealth manager. The US company, with its CEO Larry Fink, became known above all for the investment tool “Aladdin”. Aladdin, a kind of super software for data analysis of investments and is an invention of the CEO Larry Fink. Aladdin enabled Blackrock to become the world's largest wealth manager. Blackrock now manages over $10 trillion in assets. These assets are often represented via ETFs. For example, the most well-known ETF brand "ishares" belongs to Blackrock. In addition to private investors, the company's customers also include companies and states.


What does that mean for the market?

With Blackrock comes a lot of trust and prestige in the crypto market. Blackrock can already influence prices through its market power and reputation. Above all, the partnership with Coinbase should return confidence to the market. In addition to the factors of trust and prestige, there is one production factor in particular: capital. If Blackrock opens up the opportunity to invest in Bitcoin, Ethereum & Co, this will enable millions of customers to discover the “cryptocurrencies” investment opportunity for themselves. With the customers, billions of capital come into the market.


Blackrock could now increasingly find its way into the market for crypto ETFs.


Effects of market entry

The trust that has been created brings old and new crypto investors into the market. Whether via ishares ETFs or other products, the crypto market could be in for a money spree. The logical consequence of this would be rising prices - first of all for the large and well-known currencies, then also for lesser-known Altcoins.

In addition, Blackrock works with a wide variety of corporate clients, governments and even central banks. Even sovereign wealth funds and pension schemes are among the wealth manager's large customer base.


According to Blackrock, these customers want to get involved in the market and thus move the market forward. For the crypto industry, this could mean more than just capital.


Conclusion

Blackrock's entry into the market is a boon for the crypto industry. Thanks to Blackrock's numerous partnerships, the crypto industry can build a basic framework for the next bull market. Especially since, in addition to relevant partnerships, capital should also flow into the market. However, the time factor should not be underestimated. It will probably be some time before Blackrock launches corresponding products and the group's customers actually access them.

As of now, the partnership with Coinbase brings prestige and trust to the industry, but long-term capital and strategic partnerships will follow.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne...
Post a Comment
Read more

Bored Ape Yacht Club NFTs stolen through phishing on Instagram

  Bored Ape Yacht Club ( BAYC ) developers announced on Monday that hackers have hijacked the official Instagram page of the popular NFT collection and posted links to a fake airdrop. Crypto enthusiasts who connected their MetaMask wallet to the rogue website subsequently had their Ape NFTs stolen. Apparently, the attack was planned to coincide with the one-year anniversary of the BAYC collection. This increased the "perceived credibility" of the phishing link. About 100 NFTs are said to have been stolen in the phishing attack . According to CoinGecko data , the minimum price for a BAYC NFT is 139 Ether ( ETH ) or $400,726. So if reports are correct, over $40 million worth of NFTs were stolen in the attack. These numbers are only the lowest estimate, however, as they are based on the lowest price.  At the time of writing, it was still unclear how the hackers gained access to BAYC's official Instagram account. Social media users have pointed out the importance of two-fact...
Post a Comment
Read more