BlackRock Bets Big on Ethereum: $500 Million Milestone Reached

10.07.2024 12:46 77 times read Reading time: 2 minutes 0 Comments

BlackRock: This is Why the Investment Giant is Betting on Ethereum

BTC-ECHO | Bitcoin & Blockchain since 2014 reports that BlackRock is increasingly tokenizing assets on the Ethereum blockchain. BlackRock's CEO, Larry Fink, emphasizes the importance of tokenization as a key to democratizing investments. In March 2024, BlackRock launched its first fund on the Ethereum blockchain and recently surpassed the $500 million mark.

Cryptocurrencies with a Slight Recovery: Current Market Report on Bitcoin & Co.

According to finanzen.net, cryptocurrencies like Bitcoin and Ethereum have slightly recovered. On Wednesday morning, Bitcoin rose by 1.82 percent to $59,050.39, while other cryptocurrencies like Litecoin and Ripple also recorded slight gains. This positive development comes after a decline in recent days.

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Ethereum Forecast: ETFs Before Launch - Expert Lists 5 Reasons for ETH Bull Run

FinanzNachrichten.de highlights that experts have identified five key factors that could support an upcoming bull run in Ethereum. These include the absence of major sell-offs by institutions like the German Federal Criminal Police Office (BKA) or Mt.Gox, as well as a low inventory of ETH holdings on exchanges.

Vitalik Buterin Endorses New Ethereum (ETH) Upgrades

BeInCrypto | Bitcoin & Crypto News reports on Vitalik Buterin's support for two significant ERC upgrades—ERC3770 and ERC7683—that aim to improve transaction processes. Additionally, the Ethereum Foundation announced an "Attackathon" with a prize pool of two million USD to enhance protocol security before the Pectra hard fork.

Ethereum in "Real Time": What's Behind MegaETH

According to BTC-ECHO | Bitcoin & Blockchain since 2014, MegaETH is a promising Layer-2 solution personally supported by Joe Lubin and Vitalik Buterin. This scaling solution could handle up to 100,000 transactions per second, significantly increasing Ethereum's mass adoption potential.

Faster Ether Transactions: Buterin Proposes New Improvements

finanzen.net reports on Vitalik Buterin's proposed improvements to enhance user experience in processing Ether transactions. He emphasized the need for upgrades such as ERC3770 and ERC7683 to make the process more efficient. Additionally, the Foundation announced an "Attackathon" with a prize pool of two million USD to strengthen protocol security before the Pectra hard fork.

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Article Summary

BlackRock is increasingly tokenizing assets on the Ethereum blockchain, with CEO Larry Fink highlighting its role in democratizing investments; their first fund launched in March 2024 has surpassed $500 million. Meanwhile, cryptocurrencies like Bitcoin and Ethereum have slightly recovered after recent declines, experts foresee a bull run for ETH due to various factors, Vitalik Buterin supports new ERC upgrades to improve transactions, and MegaETH promises significant scaling solutions for mass adoption.

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» Infinity Hash

From our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.

» Hashing24

A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.