Asset management firm Hashdex has officially joined the competitive landscape of spot Bitcoin exchange-traded funds (ETFs) in the United States. Firstly, marking its entry into a market dominated by industry giants like BlackRock and Fidelity. Conversion to Spot Bitcoin ETF: DEFI Takes Center Stage Hashdex announced the completion of the conversion of its Hashdex Bitcoin […]
In recent weeks, Binance has found itself entangled in a series of regulatory challenges across multiple jurisdictions. Accordingly raising concerns about its operational integrity and compliance with local laws. Detentions and Escapes: Nigeria’s Cryptic Handling One of the most perplexing developments involves Nigeria, where two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, were detained a […]
Despite concerns about the U.S. Securities and Exchange Commission’s (SEC) perceived “lack of engagement.” Grayscale expresses confidence in the approval of spot Ether (ETH) exchange-traded funds (ETFs) in May. Grayscale’s Chief Legal Officer, Craig Salm, emphasized that the case for spot Ether ETFs. This is just as strong as it was for spot Bitcoin ETFs. […]
The London Stock Exchange has announced plans to establish a marketplace for exchange-traded notes (ETNs) linked to Bitcoin (BTC) and Ether (ETH). This move marks a significant step in integrating cryptocurrency products into traditional financial markets. The LSE announced that it will commence operations for the market of Bitcoin and Ether ETNs on May 28. […]
In the wake of Bitcoin’s climb to the $70,000 mark, Coinbase shares have surged by over 9% in the past 24 hours. It is reaching above $279 per share according to TradingView data. The rally in Coinbase shares mirrors the broader cryptocurrency market, which has seen a remarkable 61% increase in market capitalization since the […]
At the recent ETHTaipei conference, Ethereum co-founder Vitalik Buterin introduced a novel concept called Rainbow Staking. This is aiming to tackle the growing concerns of centralization in Ethereum staking. Buterin expressed apprehensions regarding the centralization risks inherent in the current state of Ethereum staking. He pointed out the dominance of liquid staking solutions like Lido. […]
The Securities and Exchange Commission (SEC) has extended the decision timeline for the VanEck Ethereum exchange-traded fund (ETF), announcing that it will defer its ruling until May 23, 2024. The regulatory body has also invited public commentary on the proposed ETF. This is signaling a cautious approach to approving such financial products. In a document […]
Asset management giant BlackRock has officially entered the asset tokenization arena by launching a new real-world asset (RWA) tokenization fund on the Ethereum network. This move marks BlackRock’s strategic foray into the burgeoning digital asset space, aiming to leverage blockchain technology to offer innovative solutions to its clients. The BlackRock USD Institutional Digital Liquidity Fund […]
The Saudi Arabian government is reportedly considering the creation of a $40 billion investment fund dedicated to artificial intelligence (AI) initiatives. In fact, it is potentially becoming the largest investor in the AI space. Partnership with a16z According to reports, Saudi Arabia’s Public Investment Fund (PIF) is contemplating a collaboration with Silicon Valley venture capital […]
Despite Ethereum’s recent 20% price correction over the past week, investor sentiment remains bullish, buoyed by futures data suggesting continued faith in the cryptocurrency’s long-term trajectory. Ether’s price soared to near $4,100 in early March, marking a significant 20% increase before encountering resistance and undergoing a subsequent correction. The cryptocurrency tested the $3,200 support level […]