Bitcoin and other major cryptocurrencies such as ethereum, XRP, and solana have surged into 2024 amid concerns over the future of U.S. dollar dominance. This comes after the bitcoin price rebounded last year following its 2022 crash, pushing the combined ethereum, XRP, solana, and crypto market back above $1.6 trillion for the first time since […]
Crypto exchange Coinbase has announced plans to launch crypto-linked derivatives in the European Union (EU). The US-based exchange is set to acquire a holding company with a MiFID II license, which will enable it to offer regulated derivatives in the EU. This move is part of Coinbase’s global expansion strategy, with the exchange currently only […]
The Central Bank of Nigeria (CBN) has given its approval to the African Stablecoins Consortium (ASC) to introduce a new stablecoin, the cNGN. This move has sparked excitement and curiosity about the potential impact of this new stablecoin on the Nigerian economy and its resonance in the global cryptocurrency market.The CBN’s backing of cNGN marks […]
Cryptocurrency exchange heavyweight, Coinbase, has unveiled plans to acquire a Markets in Financial Instruments Directive (MiFID)-licensed entity based in Cyprus. This strategic acquisition is aimed at expanding Coinbase’s derivatives offerings across the European Union.The acquisition, which is still subject to regulatory approval, is expected to significantly boost Coinbase’s market presence by 2024. The company is […]
A group of former Citigroup executives have launched a startup to offer Bitcoin-backed securities that they claim do not require approval from the US Securities and Exchange Commission (SEC). The startup, named “Receipts Depository Corporation (RDC),” aims to cater to the institutional demand for Bitcoin investments that may not be met by spot Bitcoin exchange-traded […]
Ethereum, a leading cryptocurrency, has recently seen significant activity in the broader crypto market following a major transaction. Paradigm, an institutional liquidity network, has reportedly transferred a large amount of Ethereum to Coinbase, one of the world’s top crypto exchanges. This move has attracted considerable attention from global crypto market enthusiasts, especially as it coincided […]
Bitcoin (BTC) has started 2024 on a high note, recording a 3.18% gain in the first week of the year, as per data from CoinMarketCap. The leading cryptocurrency is anticipated to usher in a bullish crypto season, with many investors awaiting the immediate approval of Bitcoin spot ETF proposals by various asset managers.Despite the impending […]
Marathon Digital Holdings has made a significant mark in the cryptocurrency mining industry, setting a new record by mining 1,853 Bitcoin in December 2023. This achievement not only surpasses the company’s previous records but also sets a new high in the entire Bitcoin mining sector.The Florida-based company’s output in December represented a 56% increase over […]
Asset management firm VanEck has announced its commitment to donate 5% of the profits from its proposed spot Bitcoin ETF, if approved, to support core Bitcoin developers. A similar pledge has been made for Ethereum developers in relation to its Ether Futures ETF.This pledge demonstrates VanEck’s dedication to the larger Bitcoin ecosystem, with the firm […]
As the deadline for the United States Securities and Exchange Commission (SEC) to approve Bitcoin spot ETF (exchange-traded fund) approaches, approximately a dozen applicants have submitted 19b-4 amendment documents. This latest development involves 11 asset management firms, including BlackRock, Grayscale, Valkyrie, ARK 21shares, Hashdex, Biteise, Invesco Galaxy, Fidelity, VanEck, WisdomTree, and Franklin Templeton.These submissions are […]
