Grayscale CEO Michael Sonnenshein recently provided an update on the company’s proposal to launch a spot Bitcoin exchange-traded fund (ETF). In an interview with Bloomberg, Sonnenshein discussed the progress the company has made in its interactions with regulators. Grayscale intends to convert its existing Grayscale BTC (GBTC) fund into an ETF, a move that would
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Chainlink’s LINK token has recently experienced a significant surge in price, climbing by 26% in just six days. This surge has propelled Chainlink to become the 10th largest cryptocurrency by market capitalization. While this price increase is exciting for traders, it raises the question of whether Chainlink’s current valuation of $8.1 billion is justified. In
Lido, a renowned liquid staking protocol, has recently received approval from its governing body to deploy Lido’s Wrapped Staked Ether (wstETH) to Coinbase’s Base network. This development was announced on November 8th, paving the way for the token to become live and available for trading and use in decentralized finance (DeFi) applications on the Base
SwissGold Crypto AG, a regulated crypto issuer in Switzerland, has introduced an innovative solution for wealth preservation in today’s volatile financial market – gold-backed NFTs. By blending the timeless value of gold with the revolutionary potential of NFT technology, these unique digital assets represent actual gold bars, providing a transparent and immutable proof of ownership.
The Bitcoin price has been showing signs of exhaustion on low timeframes, despite still recording some profits. However, when zooming out, recent data shows the massive rally experienced by cryptocurrencies over the past few months and the potential for additional gains in the sector. As of now, the Bitcoin price is trading at $34,800 with
The crypto startup Ava Labs, known for developing the Avalanche blockchain, has recently announced a significant layoff, trimming its workforce by 12%. Founder and CEO Emir Gün Sirer confirmed the job cuts, emphasizing the need to reallocate resources to support the growth of the firm and the expansion of the Avalanche ecosystem. While bear markets
Tuesday, November 7, 2023 – The much-awaited Sponge token ($SPONGE) Season 1 airdrop dropped today, in a move that saw around $100K distributed between participants. The competitive Season 1 airdrop enticed more than 20,000 active participants to compete in a series of Sponge challenges tied to engagement, trading, and $SPONGE token holding. With more than
The vice chair for supervision at the U.S. Federal Reserve, Michael Barr, recently shared his thoughts on the regulation of stablecoins and the potential issuance of central bank digital currencies (CBDCs). While there is interest in establishing strong federal regulations for stablecoins, Barr believes it should be Congress’ responsibility to determine the rules. Furthermore, he
Ripple CEO Brad Garlinghouse is eagerly looking forward to the upcoming DC Fintech Week. This annual event brings together individuals from both the public and private sectors who share a common interest in the world of finance and blockchain. Garlinghouse believes that the event provides a unique opportunity for people to come together and discuss
Cryptocurrency exchange Gemini recently made the decision to limit cryptocurrency transfers exclusively to Travel Rule Universal Solution Technology (TRUST)-registered Virtual Asset Service Providers (VASPs) in the U.K. This move comes as a result of the Travel Rule regulations, which require VASPs to share sender and receiver information for crypto transactions. Gemini partnered with TRUST to
The highly esteemed Bored Ape Yacht Club (BAYC) made waves recently in the Web3 community with news of eye-related incidents that occurred during their annual ApeFest event. This exclusive club, consisting of digital art collectors and investors in their unique collection of 10,000 computer-generated cartoon ape NFTs, is known for its sought-after status in the
The cryptocurrency market has witnessed numerous success stories, with early adopters reaping substantial profits. However, not all journeys in the crypto world are smooth sailing. Rain Lõhmus, the founder of Estonia-based LHV Bank, now finds himself in a predicament, holding a whopping 250,000 Ether (ETH) but lacking access to it. A Lost Treasure Rain Lõhmus
Ava Labs, the team responsible for the development of the Avalanche Blockchain, recently announced a significant downsizing of its workforce, resulting in a 12% layoff of employees. The company’s CEO, Emin Gün Sirer, confirmed the news, stating that the decision was made to reallocate resources and focus on the growth of the firm and the
The U.S. Security and Exchange Commission (SEC) is currently encountering significant difficulties in recruiting specialists in the field of cryptocurrency. The agency’s own policies, as well as competition from the private sector, contribute to these challenges. The SEC’s Inspector General’s Statement on the SEC’s Management and Performance Challenges, published in October and modified in November,
Solana (SOL) saw a significant surge in value from October 30th to November 2nd, with a notable increase of 36.6%. However, the token failed to breach the $44.50 mark, resulting in a 10% correction down to $40 on November 6th. This price movement has left many investors questioning whether the growth of the Solana ecosystem
Cryptocurrency has gained significant popularity in recent years, with Telegram coin exchange robots playing a pivotal role in enabling automated fund transfers. However, Bitrace Research has uncovered a concerning trend within this ecosystem, involving the TRC20 USDT cryptocurrency. This trend unveils a multitude of issues, including gambling, money laundering, stolen coins, and fraudulent activities. These
Ether (ETH) has experienced a surge of 6.2% between November 3 and November 5. However, despite this bullish trend, the altcoin fails to break the resistance at $1,900. In comparison to Bitcoin (BTC), Ether’s 17% return over the last 30 days falls short of Bitcoin’s impressive 27% gain during the same period. Uncertainty Surrounding Consensys
In recent trading hours, XRP, the popular cryptocurrency, has been experiencing significant strides. Investors and traders have witnessed remarkable gains, as the hourly chart indicates a bullish trend despite a sharp rise. CoinGecko reports an impressive 8.9% increase in the past 24 hours, marking a seven-day rally of 24.4%. Bulls are flexing their muscles on
Renowned for its satirical take on contemporary issues, “The Simpsons” once again brings its signature wit to the forefront, this time in a tech-infused narrative. The popular animation show recently aired its latest episode, titled “Wild Barts Can’t Be Token,” as part of its “Treehouse of Horror XXXIV” series. In this episode, the plot takes
In the world of cryptocurrencies, Bitcoin SV (BSV) has experienced a setback as it suffers a 5% decline in the midst of a growing interest in Bitcoin cloud mining. This downward trend comes after a remarkable rally of 74% in what has been dubbed as “Uptober.” As BSV enters a retracement phase, it is important
The crypto industry may be experiencing a bear market, but blockchain-based startups are still managing to secure funding. One such example is MetaMask partner Blockaid, which raised an impressive $33 million in October. However, despite these individual success stories, the overall funding in the crypto industry has dropped to levels last seen in 2020. According
In a move aimed at establishing transparency and trust in the era of “verify-everything,” Space and Time, a key player in the data warehousing industry, has announced the integration of its novel zero-knowledge (ZK) proof for SQL operations with Google Cloud’s warehouse, BigQuery. This integration, known as “Proof of SQL,” allows developers leveraging BigQuery to
In a shocking turn of events, Monero’s community crowdfunding wallet has fallen victim to a devastating cyber attack, resulting in the loss of its entire balance of 2,675.73 Monero (XMR). The incident occurred on September 1, 2023, but it was only disclosed to the public on November 2 by Luigi, one of Monero’s developers. Despite
Ethereum (ETH) has been gaining significant attention in recent weeks as it steadily approaches the $1900 price region. The cryptocurrency has seen a 5.85% increase in the last seven days, contributing to a total price surge of 15.17% over the past four weeks. However, it’s a recent whale movement that has sparked speculation of an
The performance of Bitcoin has been a hot topic in the crypto market, especially in the month of October. While some analysts have expressed bearish projections for the premier cryptocurrency, others have maintained a positive stance on Bitcoin’s performance, not only in November but also beyond. This article aims to provide a critical analysis of
Bitcoin and gold, two distinct but equally attractive assets, are gaining recognition as “exponential gold” and emerging as strong contenders in the investment world. Jurrien Timmer, the Head of Global Macro at Fidelity, recently shared his insights on the potential of both Bitcoin and gold. His analysis suggests that these assets may be on the
The U.S. Supreme Court recently made an announcement that has put cryptocurrency exchange Coinbase under the spotlight yet again. The court will review a highly contentious case involving Coinbase and its users over a Dogecoin sweepstakes, according to Bloomberg News. At the crux of the matter is Coinbase’s attempt to shift the dispute out of