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
On Monday, the total value of the cryptocurrency market experienced a significant rise, reaching an impressive $2.8 trillion. This surge was largely driven by Bitcoin‘s renewed dominance at over $72,000. Furthermore, there were signs of continued growth among other top altcoins such as Shiba Inu (SHIB), Pepe Coin (PEPE), and Dogewhiz (WIF). These digital currencies … Read more
In recent days, there has been a significant increase in trading and investments in Bitcoin ETFs. Two particular ETFs, those offered by Blackrock and Fidelity, have stood out as particularly favored among investors. As reported by Bloomberg analyst Eric Balchunas, these ETFs have moved up the ranks to join the top 20 with the highest … Read more