Skip to main content

Featured Story

Navigating the Challenges and Trends in Game Development: Insights from the 2024 State of the Game Industry Report

The gaming industry in 2023 faced significant challenges, as highlighted in the recent report by Game Developer and the Game Developer Conference (GDC). The State of the Game Industry report for 2024, conducted by research firm Omdia, surveyed 3,000 game developers to provide insights into the current landscape of the industry. Key Findings from the Report: Adversity and Uncertainty: The report emphasized the adversity and uncertainty faced by game developers, with technology shakeups and workplace instability contributing to a challenging environment. Accessibility Options: While there was growth in accessibility options in games, developers expressed increased frustration with Twitter and divided opinions on returning to the office. Concerns about Layoffs: A significant 56% of respondents expressed worry about future layoffs, reflecting the ongoing concerns within the industry. Developer Insights: Roles and Studios: 34% of respondents identified their roles as game desig

BlackRock and Nasdaq Meet with SEC: Crucial Step for Bitcoin ETF Approval

BlackRock and Nasdaq met with the SEC's Division of Trading and Markets to discuss BlackRock's bid to launch a spot Bitcoin ETF. The meeting included key personnel from both BlackRock and Nasdaq, as well as Associate Directors from the SEC's Division of Trading and Markets.

The discussion centered around Nasdaq's proposed rule change to list and trade shares of the iShares Bitcoin Trust under NASDAQ Rule 5711(d). This rule provides guidelines for the listing of Commodity Based Trust Shares, including compliance requirements.

This meeting follows BlackRock's recent amendment to its S-1 application, in which the proposed iShares Bitcoin Trust gained a new ticker, IBIT, and switched to a cash only ETF. This means that new shares of the fund can only be created with cash, not Bitcoin.

It's worth noting that this is not the first meeting between BlackRock and the SEC regarding its Bitcoin ETF application. In November, the asset manager met with the regulator to discuss a proposed rule change that would make it easier for Wall Street Banks to participate in the ETF by shifting risk to crypto market makers.

BlackRock's initial filing for a spot Bitcoin ETF in June had a significant impact on the crypto industry, reinvigorating hopes that such a financial instrument would finally be approved by the SEC. The regulator had previously rejected every single Bitcoin ETF application it received.

With a January 2024 deadline approaching, the discussions between BlackRock, Nasdaq, and the SEC are crucial in determining the fate of the proposed Bitcoin ETF. Investors and market participants eagerly await the SEC's decision, as the approval of a Bitcoin ETF could have far-reaching implications for the cryptocurrency market.

Comments

Trending Stories