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
On April 5, prominent global asset manager BlackRock added five major Wall Street companies as additional permitted participants to its Bitcoin exchange-traded fund (ETF) prospectus. An amendment to BlackRock’s S-1 registration statement with the U.S SEC states that new members include ABN AMRO Clearing, Citadel Securities, Citigroup Global Markets, Goldman
April 6, 2024 1 min read
Bitcoin reserves held by crypto exchanges have hit record lows, according to data from CryptoQuant that goes all the way back to the beginning of 2021. Over the previous month, leading cryptocurrency exchanges have seen withdrawals totaling over 90,700 bitcoin, according to statistics compiled by CryptoQuant. Investors are removing their
April 5, 2024 2 mins read
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