EU Takes Steps to Reduce Carbon Footprint of Crypto Industry

The European Commission has taken the initiative to commission a study aimed at developing a comprehensive methodology to reduce the environmental impact of crypto-assets. The Commission’s call for proposals explicitly addresses the need for innovative solutions to minimize the carbon footprint of cryptocurrencies. The Commission has allocated approximately 800,000 euros for this study, which is […]

Bitget Launches Signal Bot Trading Feature to Empower Crypto Traders

Bitget, a top crypto derivatives and copy trading platform, has launched its latest innovation, the Signal Bot trading feature. This feature is designed to help traders anticipate future price movements by analyzing historical market data and patterns. It is seamlessly integrated with TradingView, a widely recognized and trusted charting platform, and enables users to receive […]

Valkyrie Launches Pioneering Hybrid Crypto ETF with SEC Approval

Valkyrie, an asset manager, has taken a pioneering step in the investment domain by amalgamating Bitcoin (BTC) and Ethereum (ETH) futures under a singular Exchange Traded Fund (ETF) umbrella. This monumental move was made possible after the Securities and Exchange Commission (SEC) gave its approval, allowing Valkyrie to evolve its existing Bitcoin futures ETF into […]

SEC Delays Bitcoin ETF Applications Amid Government Shutdown Risk

The United States Securities and Exchange Commission (SEC) has delayed reviewing Bitcoin ETF applications from major financial firms, including BlackRock, Valkyrie, Invesco, and Bitwise. Analysts suggest this postponement is due to the impending risk of a U.S. government shutdown on Oct.1.The competition to launch a spot Bitcoin ETF in the United States has attracted much […]

Ripple’s IPO Speculation: Could XRP Reach $10?

Ripple (XRP) recently won a legal battle against the US Securities and Exchange Commission (SEC), which has caused a surge in the cryptocurrency’s market position and trading volume. This has led to speculation that Ripple may soon launch an Initial Public Offering (IPO) and that its stock could reach a valuation of $107 billion, similar […]

VanEck Launches Ethereum ETF Marketing Campaign Ahead of Expected October Launch

VanEck has released two TV commercials to promote its upcoming Ethereum Strategy ETF, tickered EFUT, which is expected to be listed on the Chicago Board Options Exchange and managed by Greg Krezner. Bloomberg ETF analysts Eric Balchunas and James Seyffart believe the ads could mean the ETF is launching sooner than expected, with Seyffart expecting […]

VanEck to Launch Ethereum Futures ETF on CME Ahead of US Shutdown

VanEck, a prominent investment manager, has revealed plans to launch an Ethereum Futures exchange-traded fund (ETF). This news comes shortly after the US Securities and Exchange Commission (SEC) announced its intention to fast-track the approval of some Ether futures ETF applications ahead of a potential US government shutdown. The ETF, named the VanEck Ethereum Strategy […]

Alibaba Moves Into Digital Wallets, Chinese Worker Fined $145K for VPN Use, Hangzhou Airdrops 10M E-CNY, 15 Detained Over Hong Kong Ponzi Scheme, CoinEx Resilient After $70M Hack

An unnamed individual in China was fined 1.06 million Yuan ($144,907) for using a virtual private network (VPN) to access restricted websites as part of a remote work routine for a foreign employer. Chinese law prohibits the use of VPNs to bypass the country’s “Great Firewall” that blocks popular sites such as Google, Wikipedia, and […]

Crypto Exchanges Urged to Meet Regulatory Standards by World Federation of Exchanges

The World Federation of Exchanges (WFE) recently released a paper that discussed the potential for crypto-asset trading platforms (CTPs) to play a larger role in the “real” economy and society. The WFE suggested six principles for regulating CTPs, including segregating functions to avoid trading against customers. It also encouraged the integration of distributed ledger technology […]