Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Nation-state adoption of Bitcoin has become the new frontier for crypto advocates, a far cry from the days when the currency’s biggest achievement was buying two pizzas. Sixteen years after that first recorded transaction, the Bitcoin community marked the anniversary on May…
Monday saw the highest daily inflows, with almost $650 million leaving the funds. Bitcoin’s price calamity is not isolated, as, aside from all other macro and on-chain reasons, the exchange-traded funds tracking the asset’s performance experienced their worst weekly outflows since late January. In fact, data from SoSoValue shows that May has turned red following…
Binance CEO Richard Teng has pushed again in opposition to a brand new Wall Avenue Journal investigation claiming the change processed $850 million in transactions tied to a sanctioned Iranian financier, which finally flowed to Iran’s Islamic Revolutionary Guard Corps. In and Friday post on X, Teng referred to as the reporting “essentially inaccurate,” saying…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Trading in the new Bitcoin index options will not start right away. The SEC approval does not automatically open the door — the Commodity Futures Trading Commission must still grant its own exemptive relief before any contracts change hands on the exchange,…
One analyst warned that a dump below $2,000 would inevitably lead to new lows. Ethereum’s native token has taken the most recent crypto market correction hard, with the asset diving to just over $2,000 earlier today, which became its lowest price point in almost two months. Moreover, it has dropped by 17% since its monthly…
The European Central Financial institution warned EU finance ministers on Friday that proposals to increase euro stablecoin issuance might weaken financial institution lending and complicate financial coverage, in keeping with three sources cited by Reuters. The pushback got here in response to a coverage paper prepared by Brussels-based suppose tank Bruegel, whose authors introduced their…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto exchange Blockchain.com has confidentially filed for a US IPO, becoming the latest crypto company to seek a public listing. Meanwhile, Ripple remains on the sidelines and has not indicated plans to go public anytime soon. Crypto Exchange Files For IPO As…
The total crypto market cap is down by $100 billion in just a couple of days. After it was rejected at $78,000 earlier this week, bitcoin’s troubles worsened with a nosedive to a monthly low of just over $74,000, where it finally found some support. Most altcoins have followed suit on the way down, with…
The Securities and Change Fee has authorized Nasdaq’s proposal to record cash-settled Bitcoin index choices on the Philadelphia Inventory Change. The choices are European-style contracts tied to the Nasdaq Bitcoin Index, a benchmark that tracks one one-hundredth of the CME CF Bitcoin Actual Time Index, which updates with information from main cryptocurrency exchanges each 200…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korean lawmakers are expected to review their crypto tax plan after a petition to abolish the long-delayed framework surpassed the required signatories to be discussed in the National Assembly. Over 50,000 Koreans Sign Crypto Tax Petition As South Korean authorities prepare…
