Globally, the use of cryptocurrencies like Bitcoin is gaining traction with an increasing number of consumers and traditional finance investors showing interest. According to a recent survey by Deutsche Bank, people are becoming less cautious about investing in Bitcoin and other digital currencies. Amid rising numbers of stories about more crypto usage and understanding in … Read more
A few Ethereum ETF applicants, led by Nate Geraci, president of The ETF Store, have held talks with the US Securities and Exchange Commission (SEC) to clarify the details of their planned Ethereum ETF offerings. Uncertainty Looms Amid Approaching Spot Ethereum ETF Deadline Geraci called attention to a post from Senior Bloomberg reporter Joe Light, … Read more
It’s unlikely that Ethereum ETFs will receive approval from the regulators this May, as per the assessment of well-known ETF expert Eric Balchunas. Based on a Barron’s report, some ETF creators have held talks with the Securities and Exchange Commission (SEC) about potential Ether ETFs. At this point, the SEC hasn’t given these businesses clear … Read more
In the US, a recent court ruling brings ambiguous results regarding cryptocurrency regulations, affecting platforms like Coinbase and investors across the country. In simpler terms, the Second Circuit Court of Appeals in the United States decided that transactions involving the sale of cryptocurrencies as a secondary market on Coinbase are not subject to the regulations … Read more
On Monday, MATIC, the currency used in Polygon‘s layer 2 solution, experienced a significant increase as the cryptocurrency market began to recover. The price rise was fueled by Bitcoin‘s breakthrough above $70,000, which created a favorable environment for altcoins like MATIC. Consequently, buyers were able to recoup their losses and drive up the price of … Read more
In recent times, Solana’s (SOL) blockchain hasn’t shined brightly, prompting growing unease among its community of users, financiers, and experts. Solana (SOL) Seeing Price Reversal In the past few days, Solana’s price climbed up to around $200 but has since then experienced a substantial decrease, now hovering below $180. When Solana’s Layer-1 protocol reached and … Read more
Over the past few weeks, Shiba Inu‘s rally took a break, resulting in decreased investor enthusiasm towards the asset. Yet, this trend seems to be reversing as investors, particularly large ones known as whales, are once again purchasing SHIB in significant amounts. An impressive buy was recently made by a whale, who acquired 692 trillion … Read more
Starting April 10, 2024, KuCoin users in India will be subject to a 1% tax deducted at the source (TDS) on their transfers of Virtual Digital Assets (VDAs). This new policy comes after the exchange successfully registered with the Indian Financial Intelligence Unit (FIU). In accordance with Indian government regulations, KuCoin will begin implementing this … Read more
Early Monday, there was a major disruption on the dYdX Chain, the blockchain supporting the dYdX perpetual futures exchange, which lasted for over nine hours. The cause of this interruption was a scheduled upgrade to version 4 of the chain. However, the upgrade process ran into an issue, resulting in an unforeseen halt in operations. … Read more
Based on information provided by Eric Balchunas, Bloomberg’s senior ETF analyst, the assets under management for this Bitcoin ETF are nearing $20 billion. This figure places it among the top 3% of Bitcoin ETFs in existence, as noted by the analyst. Notably, BlackRock’s new product has surpassed the asset size of established funds such as … Read more