The United States Securities and Exchange Commission (SEC) has requested public input on a proposed rule change that could enable asset management firm Fidelity to offer shares of its spot Ether (ETH) exchange-traded fund (ETF). This move comes as Fidelity joins the growing number of firms seeking to launch a spot crypto ETF in the
Ethereum
Banco Santander, a major financial institution based in Spain, has recently taken steps to enter the world of cryptocurrencies. The bank’s Swiss private banking unit has introduced a new service that allows clients with Swiss accounts to trade Bitcoin (BTC) and Ether (ETH). However, access to these crypto investment services is not automatic. Clients must
The recent blog post by Ethereum founder Vitalik Buterin has caused a stir within the AI and blockchain community. Buterin’s post delves into the potential threats posed by artificial intelligence (AI) to humanity and has garnered both agreement and criticism from various individuals. This article aims to explore the different perspectives on this important topic
Ether (ETH) has been facing challenges in maintaining the $2,000 support level, as it continues to struggle in surpassing the $2,100 mark. The recent downturn in Ether’s performance is in line with the overall decline in market sentiment in the broader cryptocurrency market. However, it is important to analyze whether recent events, such as the
Blast network, a Web3 protocol, has made waves in the crypto industry by accumulating over $400 million in total value locked (TVL) within just four days of its launch. However, amidst the excitement surrounding Blast’s rapid success, Polygon Labs developer relations engineer, Jarrod Watts, voiced significant security concerns regarding the network’s centralization. Watts argued that
Ether (ETH) price has managed to maintain support above the $2,000 level on November 23rd, following a brief retest of $1,930 on November 21st. Over the past week, the price of Ether has increased by 2.5%, while the total market capitalization has grown by 0.5%. This upward trend can be attributed to several factors, including
Bitcoin transaction fees have experienced a significant surge recently, surpassing the average transaction fees of Ethereum. As of November 20, Bitcoin’s average daily transaction fee stood at $10.34, whereas Ethereum’s fees averaged at $8.43, according to BitInfoChart data. This development marks a turning point in the transaction fee landscape, highlighting the growing market interest in
In a shocking turn of events, a hacker managed to gain unauthorized access to quantitative trading firm Kronos Research’s API keys, resulting in a loss of $25 million. The incident came to light on November 19 when Kronos Research announced the security breach and promptly suspended its trading services. The hacker, whose identity remains unknown,
The asset management giant Fidelity, which oversees $4.5 trillion in assets, has joined the race to launch an Ethereum (ETH) exchange-traded fund (ETF). The firm recently filed an application with the United States Securities and Exchange Commission (SEC) to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange. This move
Solana (SOL) has experienced a surge in value, reaching new yearly highs with a gain of over 17%. This significant increase comes just one day after Cathie Wood, the CEO of ARK Invest, commended the Solana network for its efficiency and cost-effectiveness. In a recent interview with CNBC, Wood described Solana as a major infrastructure
Blockchain security platform Immunefi has recently released a report on the causes of crypto losses in 2022. The report highlights the significant role of Web2 security issues, such as leaked private keys, in contributing to the loss of nearly half of all crypto from Web3 exploits. This article critically analyzes the findings of the report,
The launch of the ERC-4437 standard at WalletCon in Denver on March 1 was met with much anticipation and excitement. The concept of “smart accounts” promised to revolutionize the user experience on Ethereum Virtual Machine-compatible blockchains by eliminating the need for seed phrases and signing in certain transactions. However, the reality is far from the
The United States Securities and Exchange Commission (SEC) is expected to approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications by November 17th. This comes after reports that the SEC has a designated period from November 9th to review and potentially approve these applications. However, even if the approvals are granted within this timeframe,
BlackRock, a prominent investment management company, has recently made a compelling argument against the U.S. Securities and Exchange Commission’s (SEC) differential treatment of spot-crypto and crypto-futures exchange-traded fund (ETF) applications. In its pursuit to launch a spot-Ether (ETH) ETF known as the “iShares Ethereum Trust,” BlackRock has challenged the SEC’s regulatory distinctions between these two
In a bold move towards diversification, BlackRock, the world’s largest asset manager, has recently filed for an Ethereum exchange-traded fund (ETF) after months of speculation. This highly anticipated filing comes just four months after the company filed for a Bitcoin ETF, signaling BlackRock’s eagerness to expand its presence in the cryptocurrency market. The news of
In the fast-paced world of Ethereum layer-2 networks, the competition is heating up. With this, users are left with questions about the unique characteristics, use cases, and strategies employed by each network to attract more users to Web3. In a recent episode of Hashing It Out, Elisha Owusu Akyaw (GhCryptoGuy) engages in a thought-provoking discussion
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
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
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
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 surprising announcement, the Aragon Association (AA), the governing body for the renowned aragonOS software, has revealed its plans to dissolve. According to a blog post published on November 2, the AA will distribute the majority of its assets to token holders as part of the dissolution process. This move marks the end of
The iris-scanning project, Worldcoin, has achieved a significant milestone with its mobile World App surpassing 4 million downloads, as stated in a blog post by the project’s team on November 1. If officially confirmed by Coingecko, this number would position World App as the sixth most downloaded software wallet on their list. The team, known
Renowned billionaire investor Stanley Druckenmiller recently expressed admiration for Bitcoin’s establishment of a strong brand identity over the past decade and a half. In an interview with hedge fund manager Paul Tudor Jones, Druckenmiller drew comparisons between Bitcoin and gold as a store of value. While he currently does not own any Bitcoin himself, Druckenmiller
The world of cryptocurrency has witnessed a surge in investment in recent years, with crypto exchange-traded products (ETPs) gaining significant traction. According to a recent report from CoinShares, ETPs experienced their largest weekly inflows in over a year, signaling a growing wave of optimism among investors. Surging Inflows and Their Significance During the week ending
Cryptocurrency infrastructure company Fireblocks recently discovered a critical vulnerability in the Ethereum ecosystem. The vulnerability, called ERC-4337 account abstraction vulnerability, was found in the smart contract wallet UniPass. Fireblocks worked with UniPass to address the vulnerability, which had affected hundreds of mainnet wallets. The vulnerability allowed potential attackers to execute a full account takeover of
The Web3 industry is on a mission to disrupt the World Wide Web, and one of its primary targets is social media. In a recent episode of Cointelegraph’s Hashing It Out, host Elisha Owusu Akyaw sits down with Ryan Li, co-founder of CyberConnect, to discuss the concept of decentralized social media. Li begins by shedding
In a surprising turn of events, wallets connected to bankrupt crypto firms Alameda Research and FTX have transferred more than $10 million worth of cryptocurrency to exchange deposit accounts. This sudden movement of funds has raised eyebrows and prompted speculation about the intentions and future plans of these firms. One plausible explanation for this transfer