The US Securities and Exchange Commission (SEC) is on the brink of potentially approving the latest adjustments to spot Ethereum ETFs by July 4th. Discussions between asset managers such as BlackRock, Franklin Templeton, and Grayscale Investments, along with regulators, are reaching their final stages. This progress comes after the successful launch of spot Bitcoin ETFs
Coinbase, the largest cryptocurrency exchange in the United States, is currently embroiled in legal battles with both the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The exchange has filed lawsuits against these regulatory bodies for allegedly failing to comply with information requests related to closed crypto cases. Coinbase argues that
The recent decline in Bitcoin price can be attributed to major sell-offs orchestrated by large governments. The German government, for example, sold around 2,786 BTC worth $140 million. Similarly, the US government moved almost 4,000 BTC to the Coinbase exchange, amounting to $241.22 million. The transfer to centralized exchanges like Coinbase for sale indicates a
The village of Yamakoshi in Japan has taken a unique and innovative approach to supporting its development and addressing the needs of its ageing population through the use of Non-Fungible Tokens (NFTs). The Neo-Yamakoshi Village project, which was initiated in 2021, has successfully attracted 1,700 “digital citizens” who have invested in Nishikigoi NFTs, resulting in
The US spot Bitcoin ETFs are showing signs of recovery, with collective inflows reaching $21.52 million on June 26th. This positive momentum that started on Tuesday is a hopeful indication for the market. BlackRock’s iShares Bitcoin Trust (IBIT) has not seen any new investments in the past four days. This is not the first time,
The battle between Ripple Labs and the United States Securities and Exchange Commission is heating up as the trial phase continues. One of the key developments in this case is the significant decrease in the fine demanded by the SEC. Initially seeking a fine of $2 billion, the Commission has now lowered its demand to
Recently, the crypto trading platform Abra and its CEO, William “Bill” Barhydt, reached a settlement with 25 US state regulators. The regulators accused Abra of offering crypto trading services without proper licenses, resulting in a violation of state regulations. This settlement marks a significant development in the crypto space, highlighting the increasing scrutiny and regulation
Nigeria’s Securities and Exchange Commission (SEC) has recently given a 30-day ultimatum to crypto exchanges and digital asset traders to re-register their businesses. The warning includes enforcement actions against those who fail to comply with the new regulations. This initiative is a part of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers
The recent distributed denial of service (DDoS) attack on the Cardano network aimed to disrupt its operations. However, the decentralized structure and mechanisms of Cardano effectively thwarted the attack, showcasing its resilience and ability to ensure uninterrupted stability. Despite the malicious attempt, most services on the network, including SundaeSwap, continued to function effectively during the
The latest analysis by IntoTheBlock has revealed a notable shift in Bitcoin accumulation patterns among whales in the market. Despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD), there has been a surge in net inflows to the largest wallets. Holders with control of at least 0.1% of the total Bitcoin supply increased