Even though Donald Trump seems to have warmed up to cryptocurrencies and bitcoin after releasing his initial set of digital trading card NFTs in late 2022, demand for the NFTs has undoubtedly waned. Trading volumes for NFTs have been rather steady in recent months, according to The Block Data Dashboard,
April 13, 2024 1 min read
Hong Kong could approve Bitcoin and Ethereum ETFs as soon as next Monday, which would be a huge deal for the crypto community. Bloomberg broke the news, and the crypto world is ecstatic, particularly in light of the phenomenal performance of Spot Bitcoin ETFs in the US. Furthermore, the report
April 12, 2024 2 mins read
According to the most recent edition of Reuter’s Inside ETFs, the remarks made by Grayscale CEO Michael Sonnenshein about Bitcoin ETFs seem to have sent shockwaves across the cryptocurrency market throughout the world. On April 10, investor interest was piqued by Michael Sonnenshein’s statement that Grayscale Bitcoin Trust (GBTC) outflows
April 11, 2024 1 min read
The decentralized exchange Uniswap has received a Wells notice from the U.S SEC. Marvin Ammori, chief legal officer of Uniswap, verified the notification from the regulator on April 10 on X (previously Twitter). The SEC formally notifies companies or individuals that they plan to propose enforcement action against them with
April 11, 2024 1 min read
On April 9, Toncoin (TON) overtook Cardano’s ADA token in market valuation, moving up to the position of ninth biggest cryptocurrency as per data from CoinMarketCap. TON surpassed ADA’s $22 billion market size, reaching $23 billion, amidst a strong ongoing rally.. The surge takes place only one day after the
April 10, 2024 1 min read
A leading name in stablecoin issuer, Circle, has announced that USD Coin (USDC) will now be compatible with zkSync, a zero-knowledge layer-2 solution built on Ethereum. Developers will be able to use USDC on a scalable and efficient platform thanks to this announcement, which took place on April 9, 2024.
April 10, 2024 1 min read
Remarkably, prominent crypto skeptic Peter Schiff recently posted on X, claiming that the current price surge in Bitcoin is an attempt to attract ETF investors, predicting that the bounce would be short-lived and that the price of BTC will soon collapse. Investors are worried about the overall volatility of the
April 9, 2024 2 mins read
The number of active addresses on the Polkadot blockchain has surpassed all previous records. An April 7 X post by Polkadot provided statistics from DotLake, which showed that Polkadot had over 600,000 active addresses on-chain by the end of March. Among the 605,000 addresses, 248,000 (or more than 41%) are
April 8, 2024 1 min read
A major win in an ongoing trial has been made by crypto exchange Coinbase. Confirming that Coinbase’s platform does not violate the Securities Exchange Act, the U.S. Court of Appeals for the Second Circuit ruled in favor of the exchange. Many individuals throughout the country who used Coinbase to trade
April 7, 2024 2 mins read
In an effort to settle the debts incurred by the defunct cryptocurrency exchange, the FTX estate sold Solana (SOL) tokens valued at around $1.9 billion. According to Bloomberg, which cites sources familiar with the case, FTX’s estate sold off almost two-thirds of the SOL lot. There were as many as
April 6, 2024 1 min read