A former president of the New York Stock Exchange (NYSE), Tom Farley, is making a bold move to revive the bankrupt cryptocurrency exchange FTX. Through his technology firm Bullish, Farley is participating in an auction to acquire the remnants of FTX. The auction has attracted significant interest, with three primary contenders remaining: Bullish, fintech startup […]
Asset management giant BlackRock has taken a significant step towards launching an exchange-traded fund (ETF) based on the cryptocurrency ether. The company’s iShares division has registered the iShares Ethereum Trust with the state of Delaware, following a similar approach taken earlier this year with a Bitcoin-based ETF. This move suggests that BlackRock is preparing to […]
Securities and Exchange Commission (SEC) Chair Gary Gensler has indicated that the agency is open to the possibility of the exchange resuming operations. Following Gensler’s comments at the DC Fintech Week conference, the native token of FTX, FTT, has experienced a significant price surge of 90%. Gensler responded to a question about former New York […]
Former Ethereum lawyer Steven Nerayoff has announced that he will soon provide evidence to support his claims of a massive fraud within the Ethereum network. In an interview, Nerayoff stated that he would release the proof within the next four or five days. This revelation has sparked anticipation within the crypto industry, as investors eagerly […]
Attorney John Deaton, representing XRP holders in the Ripple vs. SEC legal battle, has presented a compelling argument suggesting that the anticipated $770 million disgorgement for Ripple is unlikely. Deaton’s prediction is based on several influential factors that could sway the court’s decision.One key factor Deaton highlights is the Supreme Court’s Morrison ruling, which limits […]
BlackRock, the world’s largest asset manager, is planning to create an ETF that holds Ethereum’s ether (ETH), further solidifying its commitment to cryptocurrencies. The announcement caused the price of ETH to surge, reaching its highest level of the day at around $2,100, a 3% increase from before the filing was made public. However, the price […]
SOLANA (SOL) had an impressive performance in October, surpassing the broader market with a gain of 79.90%. After facing challenges in the past, SOL has been making a comeback and catching up to BTC and ETH in terms of relative gains. The Solana ecosystem remains vibrant, with nearly 1,000 monthly active developers, indicating a strong […]
BlackRock, the world’s largest asset manager, has taken the first step towards listing a spot-based Ether ETF by establishing a new Delaware trust company for the iShares Ethereum Trust and filing an SEC application with Nasdaq. This move comes after BlackRock surprised the investment world in mid-June by filing for a spot-based Bitcoin ETF, increasing […]
A judge in New York has postponed the bail of John Karony, the CEO of crypto platform SafeMoon, while assessing the level of flight risk. The bail had previously been granted by a Utah judge but was stayed at the request of prosecutors. The prosecutors argued that the Utah judge did not consider Karony’s finances […]
JPMorgan has recently introduced programmable payments on its digital currency, JPM Coin. This new feature allows clients to set specific rules for triggering payments automatically based on their own customized criteria. With this development, JPMorgan aims to provide greater flexibility and efficiency in the payment process for its clients. By leveraging programmable payments, clients can […]
