An Ethereum (ETH) whale has recently executed a series of transactions, carrying out a considerable movement of funds across various platforms. The blockchain analytics platform Spot On Chain initially brought to light this activity, involving roughly $46.02 million in ETH tokens. The whale, operating through a network of eight wallets, initiated the withdrawal of these
Recently, FOX Business reporter Eleanor Terrett discussed the expectations surrounding spot Ethereum ETF approvals. Terrett touched on a crucial point by suggesting that the U.S. Securities and Exchange Commission (SEC) is not inclined to approve a spot Ethereum ETF. While the source remains unidentified, it is uncertain whether they are a member of the SEC
In a groundbreaking collaboration, Endless Clouds and Immutable have teamed up to introduce their highly anticipated games, Treeverse and Capsule Heroes, on Immutable’s zkEVM blockchain. The gaming community is abuzz with excitement, and for good reason. This partnership brings together two powerhouses in the industry, promising a unique and immersive gaming experience like no other.
In a recent reminder issued by the IRS on January 22nd, taxpayers are urged to answer a crucial question regarding digital assets and report any income related to these assets. This new development highlights the increasing focus of the IRS on the taxation of digital currencies and assets. The IRS now requires taxpayers to disclose
On January 9, 2024, the Securities and Exchange Commission (SEC) experienced a significant security breach that resulted in false posts regarding the approval of spot Bitcoin exchange-traded funds. This breach raised concerns about the SEC’s cybersecurity measures and highlighted the vulnerabilities that exist in today’s digital world. According to the SEC, the breach occurred when
Coinbase, one of the leading cryptocurrency exchanges in the world, has recently announced its plans to diversify its execution clients in order to address concerns surrounding the dominance of go-Ethereum (Geth). With an aim to enhance security and mitigate potential risks, Coinbase Cloud has been actively evaluating alternative qualified execution clients for its platform. The
The crypto market never ceases to amaze investors and enthusiasts alike. With the recent plummet of BONK’s price, investors are now on the lookout for the next big crypto winner. Enter Launchpad XYZ, an all-in-one platform for crypto trading and Web3 services that has garnered significant attention in the market. With its upcoming crypto ICO
Rumors have resurfaced recently regarding a potentially groundbreaking Bitcoin buy-in by two influential Middle Eastern countries, Saudi Arabia and Qatar. Crypto analyst Justin Verrengia sheds light on these rumors, suggesting that an official announcement regarding the massive Bitcoin purchase could be imminent. In this article, we will explore the implications of such a significant investment
The concept of a metaverse, a virtual shared space where users can interact in various ways, has been gaining traction globally. However, the Chinese government has taken proactive steps towards establishing standards for a Chinese metaverse platform. This article explores the recent developments in China’s metaverse industry and the country’s efforts to shape the future
The recent approval of Spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC) has created anticipation in the crypto space for the potential entry of more ETFs, particularly Spot Ethereum ETFs. However, analysts at JP Morgan have provided a less than optimistic outlook for the approval of Ethereum Spot ETFs. In a