Bitwise Asset Management, a prominent provider of cryptocurrency index funds, is advocating for the U.S. Securities and Exchange Commission (SEC) to postpone the approval of a spot Ethereum Exchange-Traded Fund (ETF) until December. This strategic move aims to shift the industry’s focus from Bitcoin-related products to highlight the potential and significance of Ethereum in the
Crypto
Shiba Inu (SHIB) witnessed a remarkable surge in token burns during the month of March, with billions of tokens being removed from circulation. The burning mechanism, aimed at reducing the circulating supply of SHIB, resulted in over 15.5 billion assets being destroyed. The most significant spike in burning activity occurred on March 8, when almost
With the booming crypto market, there has been a sharp increase in crypto crimes targeting individuals, particularly the elderly. Fraudsters are preying on vulnerable seniors, convincing them to invest their funds in cryptocurrencies under false promises of high returns. This has led authorities to ramp up their efforts to crack down on such scams. Two
Recently, the US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) have taken significant steps to crack down on entities linked to terrorism financing through cryptocurrency. This crackdown comes in the wake of the October 7th attacks on Israel, with two individuals and three entities facing fresh
The Financial Conduct Authority (FCA) in the United Kingdom recently announced its plan to address meme-based marketing for financial products. The FCA issued guidelines for financial services firms and social media influencers to ensure transparency and prevent misleading promotions in the industry. The move comes after the regulator’s crackdown on illegal financial promotions, signaling a
Tigran Gambaryan, a high-ranking official at Binance, has recently taken legal action against the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC) in Nigeria. This bold move comes after Gambaryan, an American citizen, was wrongfully detained by Nigerian authorities. The case sheds light on the questionable tactics employed by the Nigerian
It has come to light that Kerrisdale Capital recently released a report suggesting that MicroStrategy’s shares are currently trading at an unjustifiably high premium. This premium, which represents over two and a half times the spot price of Bitcoin, has raised concerns about the true value of the company’s stock. Kerrisdale Capital argues that for
Recently, Prisma Finance fell victim to a malicious attack where $11.6 million was stolen from the decentralized finance (DeFi) protocol. The hacker behind this act claimed that it was a “whitehat rescue” and expressed a desire to return the funds. This term refers to ethical hackers who identify and remedy security flaws in software code.
Coin Bureau’s host, Guy Turner, recently shared his bullish outlook on SOL with his two million YouTube followers. Turner predicts a potential breakout of 35% to 45% above the $300 mark for SOL, citing promising weekly and monthly charts from the beginning of 2024. He describes SOL as “incredibly bullish” on both timeframes, despite facing
Matt Hougan, the Chief Investment Officer of Bitwise, has made some interesting observations regarding the adoption of Bitcoin exchange-traded funds (ETFs). According to him, the influx of investments into Bitcoin ETFs is expected to continue in the coming years as more investors and institutions embrace these products. Variation in Adoption Pace During a recent 20-day