Ethereum ETF Launch Date Hinges on Issuers’ Responsiveness, Not SEC Delays — Gensler
The approval timeline for United States-based spot Ether exchange-traded funds (ETFs) hinges on how quickly issuers can address feedback from the Securities and Exchange Commission (SEC), according to SEC Chair…
Coinbase Rolls Out Smart Wallet with No Gas Fees and Easy Onboarding
Cryptocurrency exchange Coinbase is launching a smart wallet, aiming to provide users with greater convenience through simplified onboarding, the elimination of gas fees, and the removal of recovery phrases. The…
Tether Announces Strategic Investment and Launch of XAU1 Stablecoin
Tether, the digital asset company behind the USDT stablecoin, has announced a strategic investment of $18.75 million in XREX Group and the launch of a new stablecoin, XAU1. This collaboration…
Centralized Crypto Exchange Trading Volume Drops to $5.2 Trillion in May
According to the latest report by CCData, May 2024 saw a significant decline in both spot and derivatives trading volumes in the cryptocurrency market. The combined trading volume on centralized…
Tether CEO Warns of New Wave of Crypto Airdrop Scam Emails; CoinGecko Potentially Affected
Cryptocurrency users should exercise extreme caution, as a prominent industry leader has warned of a potential new wave of crypto airdrop scam emails. Paolo Ardoino, the CEO of Tether, revealed…
Bitcoin Halving Impacts Miner Riot’s Revenue by 43% Despite New Facility
Bitcoin (BTC) miner Riot Platforms produced 215 BTC in May, marking a 43% decrease from the previous month. This decline in mining revenue is directly attributed to the Bitcoin halving…
Japanese Crypto Exchange Secures $320M to Compensate Users After Major Hack
DMM Bitcoin, a Japanese cryptocurrency exchange recently hacked for $320 million worth of Bitcoin, has announced plans to raise 50 billion yen ($320 million) to compensate users for their losses.…
BlackRock and Citadel Support New National Stock Exchange in Texas
The world’s largest asset manager, BlackRock, and market maker Citadel Securities have reportedly backed a firm in launching a new national stock exchange in Texas. The Texas Stock Exchange (TXSE)…
Bitcoin ‘Coiling’ Up for a Significant Move as It Hovers Around $71K
Bitcoin may soon find itself at a critical price crossroads. Its average price across three different time frames has now fallen within a tight cluster, signaling a potential breakout. Indicators…
Upcoming EU Elections Could Influence Approval of First Ether ETF
The forthcoming parliamentary elections in the European Union, set for June 6 to June 9, are poised to play a crucial role in the future landscape of cryptocurrency regulations and…
Dubai Financial Regulator Revises Crypto Token Regulations for Funds
The Dubai Financial Services Authority (DFSA) has announced significant amendments to its cryptocurrency token regime to enhance and advance the regulatory framework for tokens within its special economic zone. These…
Hackers Use Chrome Extension to Extract Millions from Binance Users
A recent cybersecurity incident involving a deceptive Google Chrome plugin named Aggr has led to significant financial losses for a Chinese trader and potentially others. This plugin, masquerading as a…
Australia Launches Its First Direct Bitcoin Holding Spot ETF
Australia is poised to debut its first spot Bitcoin exchange-traded fund (ETF) that holds the cryptocurrency directly. This development represents a significant advancement in the Australian financial landscape, offering investors…
Bitcoin Sees Yearly Peak in Transaction Value with $25 Billion Transferred
On May 28, the Bitcoin network witnessed a significant surge in transaction value, reaching over $25 billion, marking the highest dollar value recorded in the past year. This peak reflects…
OKX Launches New Crypto Exchange and Wallet in the Netherlands
OKX, a major global cryptocurrency exchange, is expanding its presence in Europe with the official launch of a local trading platform and a Web3 wallet in the Netherlands. This strategic…
Frax Finance’s X Account Compromised, CEO Suspects Insider Involvement
The crypto lending platform Frax Finance recently experienced a security breach of its X social media account. This incident has sparked concerns within the crypto community and raised questions about…
SEC Commissioner Proposes Safe Environment for Digital Securities Trials
SEC Commissioner Hester Pierce has recently advocated for the creation of a cross-border sandbox initiative to facilitate joint experiments in digital securities between blockchain companies in the U.S. and the…
Unlicensed Crypto Exchanges Required to Exit Hong Kong Market
The Hong Kong Securities and Futures Commission (SFC) has mandated all cryptocurrency exchanges operating without an official license to cease their activities in the region immediately. This regulatory crackdown aims…
Robinhood Launches Crypto Trading API for U.S. Traders
Robinhood, a leading stock trading app, has expanded its technological offerings with the introduction of a crypto trading application programming interface (API) tailored for U.S. users. This strategic move is…
Concerns Arise in Nigerian Crypto Community Over Davido’s Meme Token
Afro-pop sensation Davido has recently ventured into the cryptocurrency market with the launch of his own meme token, DAVIDO. However, this move has sparked controversy and criticism within the Nigerian…