In the first quarter of this year, Tesla, which is a well-known electric car producer, didn’t offload any Bitcoins from its substantial reserves. Bitcoin ATH Pushed Tesla’s Profit Margin The front-runner among automobile companies now owns around 9,720 Bitcoins, obtained by selling off half of its earlier holdings in 2022. This Bitcoin collection is estimated … Read more
The SEC has delayed making a decision on Grayscale’s request to launch a Ethereum spot ETF. The review timeline has been extended to June 23rd. This decision signifies yet another delay in the approval of cryptocurrency-backed ETFs in the United States. In October, Grayscale submitted a grayscale application Form 19b-4 to NYSE Arca for the … Read more
In an important update to the ongoing dispute between the US Securities and Exchange Commission (SEC) and Terraform Labs, a jury has determined that both the blockchain platform and its co-founder Do Kwon are responsible for civil deceit regarding the collapse of the Terra system in 2022. The SEC has asked the court for a … Read more
The SEC in the United States has asked for public feedback regarding the latest modifications to BlackRock’s proposed Ethereum ETF, following Nasdaq’s resubmitted plan on April 19 to meet regulatory requirements. An ETF named iShares Ethereum Trust by BlackRock is being developed to mirror Ethereum’s price movement, with the proposal submitted as early as November … Read more
Cathie Wood’s Ark Invest decided to follow the trend of purchasing discounted stocks by buying a large amount of Tesla shares. On Monday, they executed a complex transaction, acquiring 122,752 Tesla (TSLA) shares, which were valued at around $18.05 million. These shares were distributed among three different Ark funds—ARKK, ARKQ, and ARKW. Ark Invest Buys … Read more
Shytoshi Kusama, the lead developer of Shiba Inu, has made an announcement with great enthusiasm. He revealed that the long-awaited upgrade for the SHIB community, ShibaSwap 2.0, is set to be launched soon. ShibaSwap 1.75 Set To Pave The Way For 2.0 On Monday, April 22nd, SHIBKIND, the Twitter account for Kusama, published a post … Read more
The Bitcoin halving triggered a first surge in prices for most cryptocurrencies due to increased buying from institutional investors. However, prior to the event, there were redemptions resulting in significant sell-offs, causing widespread liquidations. Negative economic and political conditions dampened investor confidence during this period. Following the halving event, most cryptocurrencies shifted from red to … Read more
Leading US nonprofits reporting significant increases in charitable donations are those embracing cryptocurrencies. A recent analysis by BanklessTimes reveals that the top two American charities have currently amassed over $2 billion in donations through this digital currency route for the current year. Adoption of Crypto in Charitable Giving In simpler terms, Jonathan Merry, the CEO … Read more
Two investment advisors have invested over $40 million each in the Fidelity Bitcoin Exchange-Traded Fund (FBTC), expressing great excitement about it. Additionally, according to Eric Balchunas, an analyst at Bloomberg, this is a noteworthy development for crypto adoption. This announcement follows a recent increase in Bitcoin ETF investments after substantial withdrawals the previous week. Investment … Read more
The Blockchain Association and CFAT, based in Texas, have initiated a lawsuit against the SEC over a new rule concerning “dealers” in the digital asset sector. In simple terms, they’re contesting an expanded definition of “dealer” put forth by the SEC in this domain. The legal action was taken at the Northern District Court of … Read more