Bitcoin has surged past $74,000 and attracted the attention of major financial firms such as JPMorgan and BlackRock. These firms have reportedly purchased Bitcoin, showing confidence in digital assets. Additionally, XRP stands to gain $9 trillion, increasing interest in this digital investment. Ripple has also launched its CryptoTradingFund System, blending traditional financing with blockchain. There are reports of manipulation of XRP's value to increase Bitcoin holdings, but no concrete evidence. XRP is also facing legal action from the SEC for selling unregistered securities. The involvement of JPMorgan and BlackRock in the crypto space signifies a shift in how traditional financial institutions perceive digital assets. The gap between banking and blockchain technology is narrowing.
- Content Editor ( cryptonewsland.com )
- 2024-11-09
JPMorgan and BlackRock Invest in Bitcoin and XRP, Boosting Crypto Market