In order to provide investors with access to a spot Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX), Australian crypto investment company Monochrome Asset Management has revised its application with its partner Vasco Trustees. According to the company’s release on July 14, the Monochrome Bitcoin ETF would be
July 14, 2023 2 mins read
Following a judgment by a U.S. federal court that XRP should not be deemed a security in some contexts, the larger cryptocurrency market is nearly uniformly green today. This upswing has pushed Ethereum, the second-biggest cryptocurrency by market size, back over $2,000 after a two-month absence. The price of Ether
July 14, 2023 1 min read
A $2 billion lawsuit has been brought against FTX’s sister firm Alameda Research by Celsius Network on claims of suspicious trading activity that may have affected the price of the Celsius CEL token in 2022. Regulatory agencies such as the U.S. CFTC, the U.S. SEC, and federal prosecutors in Manhattan
July 13, 2023 1 min read
After the last difficulty adjustment on July 12, Bitcoin mining achieved an all-time high of 53.91 trillion units. It’s a way to rank the difficulty of mining Bitcoin. Every two weeks, the blockchain adjusts the difficulty to keep the average transaction time at 10 minutes. As the processing power of
July 13, 2023 2 mins read
The United States District Court for the District of New Hampshire has released its final judgement in the case of SEC v. LBRY. The court rules that LBRY, Inc. violated Section 5 of the Securities Act of 1933 and penalizes the company accordingly. In light of the continuing legal struggle
July 12, 2023 2 mins read
ConsenSys is beginning to onboard partners to their Linea network, which has generated substantial scaling milestones in testing. And this is great news for the Ethereum ecosystem as a whole. Linea is a layer-2 scaling network for Ethereum that facilitates the creation of, and migration to, decentralized applications. It uses
July 12, 2023 1 min read
The U.S. June Consumer Price Index (CPI) will be released on Wednesday, and the PPI will be released the following day, bringing attention back to inflation statistics after a week of major employment announcements. In the event of a drop, investors may hope that the Federal Reserve would reconsider its
July 11, 2023 1 min read
Due to BitOasis’s failure to comply with regulatory requirements within the allotted time limit, the crypto regulator in Dubai has suspended the exchange’s operating license. Two notices were issued on July 10 by the Virtual Assets Regulatory Authority (VARA). Stating that enforcement action had been taken against BitOasis and that
July 11, 2023 1 min read
Ripple’s University Blockchain Research Initiative (UBRI) was the first of its kind when it was created five years ago. Pledging $50 million in charitable funding to top universities across the globe in order to promote blockchain and cryptocurrency education, research, and development. Blockchain’s position in the inevitable digital-first future has
July 8, 2023 1 min read
Recently, U.S. Federal Reserve Chairman Jerome Powell expressed optimism about the cryptocurrency market. In his testimony before Congress, Powell defended the sustainability of cryptocurrencies as an investment category in the United States. Witnessing before the House Committee on Financial Services about the Federal Reserve’s Semiannual Monetary Policy Report, Powell made
July 8, 2023 2 mins read
