While there is evidence suggesting the SEC is likely to postpone the approval of spot Ether ETFs, Hong Kong is set to begin trading its own spot Ether ETFs next week. A recent report indicates that the U.S. Securities and Exchange Commission (SEC) is expected to deny Ether spot ETFs in May Reuters reported on […]
This week, PayPal’s Blockchain Research Group, in collaboration with the non-profit organization EnergyWeb, unveiled a new initiative to incentivize Bitcoin miners to employ clean energy in their operations. The project offers a financial reward to network participants who commit to and certify an environmentally friendly approach. Bitcoin mining is a procedure in which participants, known […]
The New York Stock Exchange (NYSE), the world’s largest securities trading organization by market capitalization, is considering changing its trading hours to resemble those of cryptocurrencies, providing investors the option to trade stocks 24/7. According to a Financial Times story published on Monday, Intercontinental Exchange, the company that owns the New York Stock Exchange, reportedly conducted […]
With the new divisions, Tether wants to achieve its mission to expand and be able to offer a variety of new infrastructure, services and investment solutions. The stablecoin with the largest market capitalization is restructuring to introduce new departments beyond stablecoin development. Tether has launched a new framework introducing four new divisions: Tether Data, Tether […]
The price of Bitcoin (BTC) and Ether (ETH) have risen sharply in Hong Kong after several applicants claimed to have obtained approval for exchange-traded funds (ETFS) in cryptocurrencies. Market analysts note that Bitcoin’s price has increased by about 2.8% in the last 24 hours, trading above USD 66,500, while Ether has reached USD 3,240. Details […]
ESMA estimates that the Mica Law may become a “booster” for euro cryptocurrency transactions. In one of its latest reports, the European Securities and Markets Authority (ESMA), the European Union’s securities regulator, has noted that the Mica Law has not yet driven any increase in cryptocurrency transactions. According to the regulator, the announcement of the […]
U.S. President Joe Biden’s cryptocurrency mining tax proposal is one of the more ambiguous elements of his budget proposal for next year. Biden seeks to impose a new 30% tax on the electricity used by Bitcoin miners, regardless of its source. This means that many miners may possibly relocate to other countries. President Biden in […]
Brad Garlinghouse, the CEO of blockchain startup Ripple (XRP), is estimating a massive year for the cryptocurrency market, with the option of a possible doubling of its total market capitalization nearing $5 trillion by the end of this year. Garlinghouse attributed this anticipated rise to several macro factors, including the introduction of the first Bitcoin […]
Days of high volatility and volume are expected for both Bitcoin (BTC) and other cryptocurrencies. Bitcoin has once again surpassed $72,000, a price not seen since mid-March. This suggests a potential mini rally leading up to the halving event on April 20, just two weeks away. The approval of Bitcoin ETFs in the United States […]
Ethereum posts $1.2 billion in transaction fee earnings during Q1 2024, a 155% increase compared to the same quarter last year. Ethereum (ETH), the largest blockchain network by transaction volume showed significant growth during Q1 2024, showing positive signs in most of its income statement metrics. According to information from Coin98 Analytics, Ethereum tripled its […]
