The US Securities and Exchange Commission (SEC) has approved the first Ether-based exchange-traded funds (ETFs) in the US, making the second-largest cryptocurrency by market capitalization more accessible to institutional investors. However, the products come with some drawbacks, as evidenced by the low trading volume. Two years ago, the crypto industry celebrated a milestone when the […]
TYRION, a trailblazer in decentralized advertising, has announced its strategic move to build its advertising platform on Coinbase’s Base Chain. This move is intended to revolutionize and decentralize the $377 Billion digital advertising landscape.Base Chain is renowned for its robust scalability, security, and efficiency, and aligns seamlessly with TYRION’s mission to offer unparalleled advertising solutions, […]
Coinecta, a decentralized Web3 launchpad, has announced its entrance into the Cardano ecosystem. The platform offers a middleman-free fundraising model for cryptocurrency protocols, with its core native cryptocurrency asset, CNCT token, set to be released soon. The CNCT token will be stakable, and the IDO launchpad will accept both Cardano’s core ADA token and Djed, […]
Chainalysis, a blockchain sleuth company valued at $8.6 billion last year, has announced a layoff of approximately 150 of its 900 staff members. This follows a smaller layoff of 4.8% of staff back in February. CEO Michael Gronager has stated that the layoffs are a necessary part of the firm’s pivot towards clients in the […]
Silvergate Bank, a crypto-friendly institution, collapsed this year due to its over-dependence on risky crypto deposits and nepotism that led to ineffective management, according to the Federal Reserve’s Office of Inspector General. In 2013, the bank changed its strategy to focus on customers engaged in crypto activities, leading to rapid growth from $1 billion to […]
Recent advancements in Hong Kong’s crypto space could provide a potential boost to the East Asian region, which has been largely affected by a China-wide ban on crypto trading activities since 2019. According to a report from Chainalysis, East Asia’s share of crypto transaction value dropped from around 30% in 2019 to less than 10% […]
UBS Asset Management, a major global fund management company, has launched its first “live pilot” of a tokenized money market fund on the Ethereum blockchain. The company is using its proprietary service, UBS Tokenize, to explore on-chain processes such as subscriptions and redemptions. This pilot program is part of the broader Project Guardian, an initiative […]
Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its Ethereum Trust (ETHE) to a spot Ethereum exchange-traded fund (ETF). The Ethereum Trust is the largest Ether investment product in the world, with nearly $5 billion in assets under management.Meanwhile, Shiba Memu’s presale has surpassed the $3.5 million mark. The […]
Sam Bankman-Fried, often referred to as SBF, is facing one of the most significant legal battles in the crypto industry. SBF was a renowned figure in the crypto industry, leading the celebrity-endorsed cryptocurrency exchange FTX. However, the U.S. government has charged SBF with seven primary charges, including wire fraud, conspiracy to commit wire fraud, conspiracy […]
Ripple’s potential Initial Public Offering (IPO) has sparked intense speculation in the XRP community. Wall Street financial veteran Linda Jones has suggested a potential valuation of Ripple’s stock at $35 per share, with a potential to soar up to $600. This could have a significant impact on XRP’s price, as a surge in Ripple’s stock […]
