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Crypto traders have entered the speculative market, making bets on the potential approval of a spot Ethereum exchange-traded fund (ETF) by the United States Securities and Exchange Commission. The United States SEC is set to make its verdict before May 31, and market participants have lined up to make bets on it on Ploymarket. Polymarket…

Former FTX executives and promoters settle class-action lawsuit

Former executives and promoters of defunct crypto exchange FTX have settled with a group representing former investors of the exchange in a lawsuit. According to the details of the settlement, the former executives and promoters of the exchange will part with $1.3 million. The settlement stems from a protracted lawsuit where investors were seeking compensation,…

Sam Bankman-Fried goes to jail: Is Changpeng Zhao next?

So, it finally happened. Sam Bankman-Fried, the dirty little criminal, was sentenced to prison. Twenty-five years. Little too little if you ask… well, anybody. But it’s still something I guess. The entire crypto community has been kind of celebrating for the past twenty-four hours. That got me thinking; there is one other person in the…

Tron blockchain leads in 45% of 2023’s illicit crypto transactions

TRM Labs has shone a fresh light on the field of illicit cryptocurrency transactions of 2023. The findings indicated that the blockchain-invests-100m-ai-development/” target=”_blank” rel=”noopener”>tron blockchain accounted for 45% of all scamming activities. This is 41% better than the previous year. The Ethereum and Bitcoin blockchains followed, 24% and 18% respectively. TRM Labs analysis illustrates that…

Bybit expands to Europe, launches Dutch platform Bybit.nl

market–trading-heres-everything-you-need-to-know/” target=”_blank” rel=”noopener”>Bybit, a leading global cryptocurrency exchange, has announced its expansion into the contact market. This development comes in view of the exchange looking for fresh prospects after encountering regulatory issues in Hong Kong. Bybit announced that Bybit.nl, a digital asset platform specifically designed for the Dutch market, was launched on March 28. The…

Bitwise exec predicts $1T institutional shift to Bitcoin

bitcoin–trading-activity/” target=”_blank” rel=”noopener”>Matthew Hougan, Chief Investment Officer at Bitwise, forecasted a huge surge of institutional investments into Bitcoin. He argued that ETFs could inject as much as $1 trillion into the digital asset. Hougan published these comments in a memo to investment professionals, which was a signal of a clear move toward crypto investments. Interest…

Bitwise Seeks SEC Nod for Groundbreaking Spot Ether ETF

Bitwise, a leading asset management firm, has officially filed with the United States Securities and Exchange Commission (SEC) for the creation and trading of a spot Ether (ETH) exchange-traded fund (ETF). The filing, submitted on March 28, marks a pivotal moment in the ongoing dialogue between the cryptocurrency industry and regulatory bodies regarding the classification…

Europe’s economic problems are threatening to crush the ECB

Patrick Cliff9 months ago9 months ago08 mins

bitcoin-etfs/” data-type=”post” data-id=”501677″ target=”_blank” rel=”noopener”>Europe is standing on a shaky ground, and I can see the contact Central Bank (ECB) is holding a hammer, but I’m not sure if it’s to fix or further crack the foundation. So central banks had their eyes popped wide open by an unexpected energy showdown led by Vladimir Putin,…

US and UK jointly sanction online media channel Gaza Now for fundraising for Hamas

Gaza Now, an contact media channel supporting Hamas, and its owner, Mustafa Ayash, have been sanctioned jointly by the United States and the United Kingdom for their involvement in fundraising activities for the group. This move comes after the Oct 7 attack in Israel and emphasizes a unified approach in the attempt to restrict funding…

CBN Governor clarifies his stance on crypto regulation

The Central Bank of Nigeria (CBN) has been in the news over the developments concerning the regulation of cryptocurrencies in the country. In a recent turn of events, Yemi Cardoso, the governor of the Central Bank noted that crypto regulation in the country is under the jurisdiction of the Securities and Exchange Commission of Nigeria…

United States Treasury’s tokenized assets hit over $1 billion

The tokenization of United States Treasurys and other real–world assets on blockchain platforms has gained significant traction, with over $1 billion worth of U.S. Treasurys now existing across Ethereum, polygon, Solana, and other blockchains. This surge has been fueled in part by the launch of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which has…

THORchain hits a significant trading volume milestone

Decentralized liquidity protocol THORChain has achieved a significant feat by netting over $10 billion in its monthly trading volume. Notably, this is the first time that the protocol will be registering such an impressive feat. The protocol, which facilitates swaps across blockchains has grown significantly in the decentralized finance sector. However, its new feat has…

BlackRock’s BUIDL fund hits $245 million in one week

Renowned investment firm BlackRock has announced a significant milestone connected to its BUIDL fund based on Ethereum. The Ethereum-based BlackRock ISD Institutional Digital Liquidity fund has witnessed its balance surge to around $245 million. The unique approach of the company to debut tokenized securities has made the fund one to watch out for the financial…

Federal Reserve gets more reasons to hold off on interest rate cuts

The scenario with the Federal Reserve and interest rates is becoming akin to a suspense thriller where the hero, against all odds, refuses to throw in the towel. The latest updates from the Federal Reserve’s camp reveal a cautious stance towards the idea of slashing interest rates from their towering 23-year summit. Christopher Waller, a…

Coinbase wallet victory sparks debate on crypto regulation

The decision is regarded as a win for self-custody wallets and decentralized finance (DeFi) applications. The ruling was made by U.S. District Judge Katherine Failla on March 27, stating that the Securities and Exchange Commission (SEC) had failed to prove that Coinbase Wallet was engaged in broker activities. This judgment provides a ray of hope…

But seriously, what are the chances of China’s economy ever rebounding?

Everyone’s talking about China’s economy bouncing back, but really guys, what are the odds? If you’ve been keeping tabs, you’d know that the vibe is supposedly “strong,” as per a business survey. Now, let’s not get all dazzled by the fancy talk of “strong notes” and impressive stats on retail sales and industrial activity. The…

Germany’s economy is probably never getting better at this point

Let’s face it, Germany’s economic scene is looking pretty bleak. Five big-brain economic institutes have gone back on their word, dropping their growth predictions for Germany from a hopeful 1.3% down to a dismal 0.1%. They’re pretty much saying that things aren’t picking up at home and selling stuff abroad is getting tougher because of…

Fantom Foundation partners with Frax Finance’s Sam Kazemian

The fantom Foundation recently announced a significant partnership with Sam Kazemian, the founder of Frax Finance. Kazemian has joined as an angel investor. His expertise and financial support will propel fantom into its next phase of growth. This collaboration marks a pivotal step for fantom, enhancing its ecosystem and technological capabilities. In conjunction with this…

Ripple faces criticism from Forbes over XRPL’s role in global finance

In the latest article, Forbes has classified thecommunity-engage-in-talks-over-potential-usdc-support/” target=”_blank” rel=”noopener”> XRP Ledger (XRPL) and 19 other blockchains as not really working – to the point of calling them “zombie chains”. The research claims that these networks, among them XRPL, need more substantial use despite their presence within the blockchain ecosystem for more than a decade….

Tether Launches New AI Division; Interesting AI Models in the Pipeline