News

Blackrock Files to Launch Ethereum Trust ETF on Nasdaq, Eyes Spot Crypto Market Entry

November 10, 2023 0

In a significant development for cryptocurrency investment vehicles, Blackrock Inc., through its subsidiary Ishares Delaware Trust Sponsor LLC, has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list shares of the Ishares Ethereum Trust on the Nasdaq. Blackrock

News

Ripple Expands Payments Network to 70+ Crypto and Traditional Payout Markets

November 10, 2023 0

Ripple has expanded its payments network to more than 70 crypto and traditional payout markets. “Accumulatively this adds up to 90% of the global foreign exchange market,” the company explained, highlighting that the Ripple network has facilitated over $30 billion in payment volume to date. Latest Iteration of Ripple’s Payments Solution Ripple announced at its […]

News

House Approves Amendment to Limit SEC’s Crypto Enforcement Authority

November 10, 2023 0

The U.S. House of Representatives has approved an amendment to the Financial Services and General Government Appropriations Act that limits the authority of the U.S. Securities and Exchange Commission (SEC) to carry out enforcement actions against the crypto industry. “Gary Gensler is as ineffective as he is incompetent,” said Congressman Tom Emmer. “Congress will hold

News

HSBC Announces Plans to Offer Digital Assets Custody Services for Institutions

November 10, 2023 0

HSBC, the London-based financial institution, announced its plans to launch an institution-focused digital assets custody service in 2024. Zhu Kuang Lee, chief digital, data and innovation officer at HSBC, explained that the bank had experienced an increasing demand for these services from asset managers and asset owners. HSBC Announces Digital Assets Custody Service HSBC,

News

Senator Introduces ‘Keep Your Coins Act’ to Protect Right to Use Self-Hosted Wallets

November 10, 2023 0

The Keep Your Coins Act has been introduced in the Senate to allow individuals to maintain custody of their cryptocurrencies in self-hosted wallets. The bill also seeks to prohibit federal agencies from “proposing a rule that would impair a person’s ability to act as a self-custodian of digital assets.” Keep Your Coins Act Introduced in […]

News

Celsius Bankruptcy Saga Nears Closure as Court Approves Restructuring Plan

November 9, 2023 0

In a pivotal moment for Celsius Network LLC and its affiliates, the Southern District of New York Bankruptcy Court has issued a confirmation order for the modified joint Chapter 11 Plan of the crypto lender. The approval sets the stage for a significant overhaul following the tumultuous financial whirlwind that ensnared the firm. The Long […]

News

FTT Skyrockets Amid FTX Acquisition Rumors Tied to NYSE’s Ex-President

November 9, 2023 0

FTX’s proprietary token, FTT, has witnessed an impressive surge of over 80% following reports that say Tom Farley, the former president of the New York Stock Exchange (NYSE), is potentially interested in acquiring and rebooting the collapsed exchange. FTT Price Jumps More Than 80% Over FTX 2.0 Speculation On Thursday, FTT’s value soared, escalating from […]

News

Bitcoin Hits 18-Month High as Market ‘Greed’ Takes Hold, Igniting Short Squeeze Frenzy

November 9, 2023 0

The Crypto Fear and Greed Index (CFGI) currently reveals a mood of “greed” within the cryptocurrency market, scoring a 69 out of 100. As of November 9, 2023, at 5:20 a.m. Eastern Time, the price of bitcoin peaked above $37K — a peak not observed since the first week of May 2022, stretching over a […]

News

Bitcoin Fees Climb 150% in 3 Days as Block Space Grows More Expensive

November 9, 2023 0

Transaction fees within the Bitcoin network have surged considerably, eclipsing the figures recorded merely three days prior. A transfer deemed high-priority, which formerly cost an average of $3.38, now demands a fee of $8.46. This significant increase was recorded on Thursday, November 9, 2023, at precisely 9:52 a.m. Eastern Time. This upsurge coincides with a […]

News

Blackrock Registers Ishares Ethereum Trust With Delaware’s Division of Corporations

November 9, 2023 0

Blackrock may be taking steps toward obtaining approval from the U.S. Securities and Exchange Commission (SEC) for a spot ethereum exchange-traded fund (ETF) in the near future. This comes on the heels of the company’s application for an Ishares Ethereum Trust with the Delaware Division of Corporations on Thursday. Speculation Rises on Blackrock’s Preparations for […]