Franklin Templeton has submitted an S-1 registration statement for the “Franklin Ethereum ETF,” aimed at tracking the price of ether. This move follows similar filings from other major players like Ark Invest, 21Shares, Grayscale Investments, and BlackRock, reflecting the growing institutional interest in cryptocurrency and the potential of ETFs for easy access. The fund may […]
The nine newborn U.S. spot bitcoin ETFs have made a dramatic entrance, accumulating over 200,000 BTC (worth roughly $9.5 billion) in their first month. This impressive feat surpasses the holdings of major bitcoin entities like software giant MicroStrategy and stablecoin issuer Tether and collectively represents almost 1% of the total bitcoin supply. The rapid growth […]
New York Attorney General Letitia James has expanded her fraud lawsuit against Digital Currency Group (DCG) and its crypto lending subsidiary Genesis. It alleges that these companies are responsible for $3 billion in investor losses. From $1 Billion to $3 Billion On Feb 8, New York Attorney General Lettia James filed suit in connection with […]
Coinbase has highlighted a significant trend in California. This indicates that approximately 8.2 million residents, that is 27% of the population, own digital assets. Accordingly, the surge in crypto ownership is expected to influence the upcoming 2024 elections, with voters likely to favor candidates supporting crypto-friendly policies. Pro-Crypto Sentiment According to data from Morning Consult, […]
The United Nations (UN) is poised to expose North Korea’s alleged six-year, $3 billion cyberattack campaign against cryptocurrency firms, as reported by Reuters. This comes amidst growing concerns about the misuse of crypto in illicit activities and its potential contribution to North Korea’s weapons program. Unpublished UN Documents Reveal 58 Crypto-Related Attacks An independent sanctions […]
In a recent survey conducted by JPMorgan, findings indicate that 78% of institutional traders, out of over 4,000 participants, have no intention of cryptocurrency trading over the next five years. This comes after a decline in enthusiasm for the digital currency sector compared to previous years. Blockchain Fades, AI Rises Only 7% see blockchain as […]
The launch of spot Bitcoin ETFs in the US has generated remarkable results, with BlackRock and Fidelity’s offerings smashing records for asset accumulation in their first month. Bloomberg Intelligence data reveals that both BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) have secured over $3 billion in assets in 17 trading […]
Bitcoin’s recent rally above $45,000 is fueling a rebound in “Bitcoin-adjacent” stocks, even with the arrival of long-awaited Bitcoin spot ETFs. These companies, often seen as indirect ways to gain exposure to cryptocurrency, are outperforming the market despite the new competition. MicroStrategy (MSTR) rose 12% to $569/share with its substantial 190,000 BTC holdings. Coinbase (COIN) […]
Bitcoin breached the $44,000 mark on Wednesday, its highest level since mid-January. This surge comes amidst positive developments in both the crypto and traditional finance spheres. Bitfinex analysts previously suggested that heightened selling by miners might have contributed to recent pressure on BTC prices. However, today’s market dynamics, highlighted by crypto analyst Ali Martinez in […]
Leading crypto exchange OKX has announced its official launch in Argentina, offering its full suite of crypto exchange services and the OKX Web3 Wallet to local users. This expansion marks a significant move for OKX, tapping into one of Latin America’s most dynamic crypto markets. Argentinians can now enjoy secure and seamless trading of hundreds […]