The United States Securities and Exchange Commission (SEC) has recently introduced a new regulatory standard for all Bitcoin Spot Exchange-Traded Fund (ETF) applicants. This development came as spot Bitcoin ETF issuers were finalizing their filings with the regulatory body. The SEC’s latest requirement, known as the “Cash Redemption Model,” has raised eyebrows and garnered attention
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Cryptocurrency enthusiasts and economists often debate the impact of inscriptions, particularly BRC-20 tokens, on regular Bitcoin (BTC) transfers. Critics argue that these inscriptions amount to a denial of service attack on the Bitcoin network, but on-chain analysis suggests otherwise. In this article, we delve into the data to debunk the misconceptions surrounding inscriptions and their
The world of cryptocurrency has long been plagued by various scam tactics, and a new method called “Approval Phishing” is starting to gain prominence. Traditionally, scammers have targeted victims by distributing fraudulent crypto apps. However, in recent years, a group of fraudsters known as pig butchering scammers have successfully integrated approval phishing into their strategies.
The Financial Accounting Standards Board (FASB) has recently introduced new accounting rules for Bitcoin, marking a significant milestone in the integration of digital assets into mainstream corporate finance. This article delves into the implications of these changes and the potential impact on corporations and the perception of cryptocurrencies in the financial world. The adoption of
Coinbase, one of the leading cryptocurrency exchanges, has recently made headlines with its decision to include Bonk (BONK), a meme-based token on the Solana network, to its list of tradable assets. This move brings yet another memecoin to Coinbase’s platform, alongside popular choices like Shiba Inu and Dogecoin. While BONK may sit in the 69th
In recent months, spin-off tokens launched by decentralized exchanges (DEX) have been capturing the attention of investors with their jaw-dropping rallies. The latest token to skyrocket is DONK, which has experienced a staggering 4.5x price pump. This trend of explosive moves in DEX-traded tokens has been fueled by the fear of missing out (FOMO) among
Bitcoin, the leading cryptocurrency, has had its fair share of ups and downs in recent days. After hovering below the $41,000 mark and experiencing a dip in prices, the bulls have resurfaced, propelling Bitcoin past the $43,000 threshold. This resurgence is not limited to Bitcoin alone; altcoins like ADA, DOT, SHIB, AVAX, and SOL are
The reorganization plan proposed by defunct crypto lender Genesis has recently caused an uproar among Gemini Earn users. According to the plan, users may only receive 61% of the value of their crypto holdings as of January 19, 2023. While some are hopeful about the potential recovery, others have expressed concern about various aspects of
In a surprising turn of events, JPMorgan analysts have expressed a bullish sentiment towards Ethereum (ETH), predicting that it will outperform Bitcoin (BTC) and other digital currencies in terms of market price performance by the year 2024. This forecast signifies a unique perspective within the institution, indicating that the analysts recognize the distinctive potential and
The Blockchain Game Alliance (BGA) recently released its 2023 State of the Industry Report, which provides valuable insights into the current state and future trends of the blockchain gaming space. The report highlights various predictions and trends, shedding light on the potential role of traditional game studios and franchises in driving the adoption of web3