Binance has phased out of supporting Bitcoin (BTC) non-fungible tokens (NFTs) shortly after adding them to its marketplace. Binance revealed its plans “to streamline product offerings” on the Binance NFT marketplace in a blog post that was published on April 4th. In keeping with these initiatives, the exchange’s marketplace will
April 5, 2024 1 min read
There are a number of potential spot Ethereum ETF applications that the U.S Securities and Exchange Commission (SEC) has opened for public comment. Its primary emphasis is on exchange-traded funds (ETFs), particularly the Grayscale Ethereum Trust, Bitwise Ethereum Fund, and Fidelity Ethereum Fund. Additionally, the SEC has made note of
April 4, 2024 2 mins read
Practicing Law Institute’s “SEC Speaks” event featured U.S SEC Commissioner Hester Peirce, who criticized the agency’s regulatory stance on the cryptocurrency sector, with an emphasis on Staff Accounting Bulletin 121 (SAB 121). Peirce, who is well-known for her dissenting opinions within the Commission, brought attention to the difficulties caused by
April 3, 2024 1 min read
On April 2, the U.S government sent 30,175 BTC—almost $2 billion in value—to a wallet connected to Coinbase. At the time of the transfer, the price of Bitcoin dropped significantly, reaching a weekly low of $64,500. But shortly after that, the price of the cryptocurrency sustained over $65,000. One of
April 3, 2024 1 min read
System and Organization Controls 2 (SOC) audits are the pinnacle of security compliance, and Tether has revealed that they have successfully completed one. The AICPA (American Institute of Certified Public Accountants) created the audit. According to a statement made by Tether CEO Paolo Ardoino on April 1, the audit highlighted
April 2, 2024 1 min read
Grayscale Solana Trust (GSOL) value has skyrocketed, showing that institutional investors are more optimistic about Solana (SOL). The Coin Bureau’s CEO and co-founder, Nic Puckrin, brought attention to this inclination in particular. He took note of the premium that GSOL shares trade for compared to SOL’s current pricing. Incredibly, GSOL
April 2, 2024 1 min read
In a post on X (previously Twitter) on Friday, Grayscale announced the establishment of a “dynamic income fund” that would invest in proof-of-stake tokens. The fund, which goes by the ticker symbol GDIF, is reserved for authorized investors who have a net worth of $2.2 million or more, according to
March 30, 2024 2 mins read
Crypto exchange Coinbase has received USDC worth $1.4 billion, thanks to the current upswing in the crypto market. The on-chain crypto analytics company CryptoQuant reports that Coinbase had the largest influx of USDC stablecoin assets, valued at $1.4 billion. The specifics of the transfers are still murky, but market experts
March 29, 2024 2 mins read
In a statement published on the exchange’s blog on March 27, crypto exchange KuCoin’s CEO Johnny Lyu announced that the exchange would be holding an airdrop of Bitcoin and its native KuCoin (KCS) token valued at $10 million. The announcement follows two days after the exchange and two of its
March 28, 2024 2 mins read
Users of the OKX exchange have reported that their cryptocurrency accounts were showing an incorrect amount due to an API error. Some OKX users’ balances showed zero dollars, while others displayed tens of millions of dollars, according to a report on X from Wu Blockchain. It seems that thousands of
March 28, 2024 2 mins read