đBlackRock amends its Bitcoin custody agreement for its investment fund.
BlackRock amends its Bitcoin custody agreement for its investment fund with Coinbase so that it can withdraw any amount it wants to other wallets within a maximum period of 12 hours
đThis development comes amid talk on the Coinbase platform that the exchange was not using BlackRock's money to buy Bitcoin for its fund.
đAnd that it was issuing debt letters instead of supporting the fund and manipulating the price of Bitcoin using the company's money.
đA spokesperson from BlackRock said that the platform has been manipulating the price of Bitcoin since March 2024 to maintain its downward path.
