After handily defeating the regulator in court, Grayscale sent a letter to the Securities and Exchange Commission (SEC) on Tuesday with key messages for the agency as it pursues next steps. Given the court’s ruling, Grayscale emphasized that the commission has run out of reasons to continue denying the launch of a Bitcoin spot ETF....Read More
As part of FTX’s bankruptcy court proceedings, the exchange’s new management has – to the best of their ability – produced a balance sheet containing all expenses filed on behalf of the FTX Group’s C-Suite. Some of these expenses were already known to the public, such as the infamous purchase of Robinhood shares for SBF...Read More
Genesis Trading – the trading arm of crypto VC giant Digital Currency Group (DCG) – is set to shutter its trading operations in the United States later this month. The suspension comes after DCG’s crypto lending firm – Genesis Global Holdco – filed for bankruptcy in January. Why End U.S. Trading? As reported by Bloomberg,...Read More
On Sept. 4, Fabio Panetta, ECB Executive Board member at the Committee on Economic and Monetary Affairs of the European Parliament, said the central bank was nearing the end of its research and investigation phase. It will soon decide whether to move to the next phase of potentially developing and issuing a digital Euro. The...Read More
The Web3 startup accelerator that focuses on Decentralized Finance (DeFi) and blockchain games – Cronos Labs – said the recruitment phase of the Cronos Accelerator Program started on September 4. The entity has previously teamed up with numerous companies, including Google Cloud, Amazon Web Services (AWS), and PeckShield, to support the scheme’s launch. The price...Read More
Bitcoin’s price is well known for its four-year price cycles, which coincide with its “halving” schedule that reduces its inflation rate every four years. But is one phenomenon truly related to the other? Some analysts believe that the asset’s cyclical movements are related to macro conditions. and that the halving schedule’s congruency is pure coincidence....Read More
As Ripple’s ongoing legal battle with the SEC keeps traders and investors on edge, the company has recently taken some significant actions that have sparked a surge in trading and whale movements in the XRP market. Additionally, an increase in outflow signals a potential bullish comeback for XRP, fueling bullish hope for an upward push...Read More
While predicting the future of specific cryptocurrencies is not an exact science, market analysts often consider several aspects, including past performance, use cases, community participation, and broader market volatility. With that in mind, let’s examine whether Shiba Inu (SHIB) has the potential to outperform Ripple (XRP) in the future. For this particular question, though, we...Read More
Tether is one of the leading global purchasers of US Treasury bills. According to Paolo Ardoino, the stablecoin issuer’s chief technology officer, USDT has now amassed a substantial $72.5 billion in US Treasury bonds. This places Tether in the 22nd position worldwide, surpassing countries like the United Arab Emirates, Mexico, Australia, and Spain in terms of...Read More
Ethereum co-founder Vitalik Buterin has listed several problems that need to be handled to fix the issue of centralization on the leading smart contract blockchain. During the ongoing Korea Blockchain Week (KBW), Buterin revealed that the centralization of nodes is one of the major problems. He recommended that the challenge be fixed by reducing the...Read More
Finding a reliable partner in the digital mining landscape is paramount in the rapidly evolving world of cryptocurrency, where opportunities abound, but risks lurk. GlobaleCrypto has emerged as a beacon of trust and profitability. Offering a comprehensive suite of services catering to seasoned crypto miners and newcomers. This article delves into the world of GlobaleCrypto,...Read More
One of South Korea’s major financial institutions – Hana Bank – unveiled plans to introduce digital asset custody services starting. This announcement was made during Korea Blockchain Week in Seoul by the bank, which boasts total assets worth $448 billion. For the initiative, Hana Bank has teamed up with Palo Alto-based digital asset custody provider...Read More
The 70th edition of a weekly report by cryptocurrency exchange Bitfinex revealed that digital asset funds are seeing large outflows as investors lose confidence in the market. According to the paper, crypto funds have experienced the most significant outflows since March, as the U.S. Securities and Exchange Commission (SEC) continues to delay the long-awaited spot...Read More
[PRESS RELEASE – Seoul, South Korea, September 5th, 2023] Aims to create a vast ecosystem to drive common growth of global blockchains Complete user-customized omnichain network to easily and conveniently utilize services across multiple blockchains All platforms and dApps are connected as one with blockchains bringing complementary strengths to the ecosystem WEMIX has unveiled unagi,...Read More
Outflows have significantly slowed down, with bitcoin products showing resilience amidst a flatlined market trend. According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report,’ there is a glimmer of hope that negative sentiment may be starting to shift, as highlighted by the firm’s Head of Research, James Butterfill. Butterfill observed that...Read More
A resident of Norfolk, the United Kingdom, has reportedly lost her life savings (more than $200,000) after falling prey to cryptocurrency fraudsters. This is hardly the first such scheme in the country that has resulted in substantial losses. David Lindberg – Chief Executive of retail banking at NatWest – has previously warned local investors to...Read More
