Based on data compiled by CoinGlass, the notional open interest—the monetary value embedded in the quantity of open or active bitcoin (BTC) futures contracts—has reached its highest point in 26 months. At the time of writing, Bitcoin is trading at $51,499 as per data from CoinMarketCap, while open interest in
February 14, 2024 1 min read
The Spot Ethereum ETF frenzy has begun, after the Spot Bitcoin ETF mania. Amidst the excitement around the Ether ETF, it has come to light that Kraken, the second-largest cryptocurrency exchange in the US, is considering joining the crypto ETF custodian race, similar to Coinbase. Of the eleven Spot Bitcoin
February 13, 2024 1 min read
According to a new advertising campaign from cryptocurrency exchange Coinbase, the conversion of the US dollar to a “well-designed blockchain” has the potential to repurpose billions of “clunky” pennies in circulation. The initiative was launched on February 12 in celebration of National Lost Penny Day, an annual event that has
February 13, 2024 1 min read
More and more Ethereum validators are considering staking their ether (ETH) on the network. An analysis of data from ValidatorQueue shows that the so-called validator entry queue has reached 7,045 entries, the highest level since October 6th. In little over 48 hours, the waitlist—representing more than 225,000 ether ($562 million)—is
February 12, 2024 1 min read
New Zealand’s central bank governor Adrian Orr has voiced serious worries about digital assets, particularly stablecoins. Furthermore, he emphasized that fiat-pegged stablecoins cannot be considered a replacement for actual fiat currency. Reserve Bank of New Zealand Governor Adrian Orr warned about stablecoins’ seeming stability, calling them “the biggest misnomers” and
February 12, 2024 1 min read
Robert Kiyosaki, a famous author and financial expert, has delivered a dire warning about the current status of the United States empire. He brought attention to the mounting national debt and said that Bitcoin (BTC), together with gold and silver, may be the solution. The investor went on to say
February 10, 2024 1 min read
SEC Chair Gary Gensler has requested a record-breaking $2.4 billion in funding for the agency. With this money, Gensler plans to add 170 jobs to the agency’s workforce, with a focus on the crypto and cyber divisions. Moreover, in the midst of this ambitious initiative, there have been indications of
February 10, 2024 1 min read
A number of Republican senators hold Gary Gensler, chair of the Securities and Exchange Commission, in contempt for making inaccurate claims in the agency’s case against the cryptocurrency firm DEBT Box. In a letter sent to Gensler on Wednesday, Senators Cynthia Lummis (Wyoming), Bill Hagerty (Tennessee), Katie Boyd Britt (Alabama),
February 9, 2024 2 mins read
Ramp Network, a financial technology firm developing payment rails that link cryptocurrency to the global financial system, announces the launch of its groundbreaking document-free verification procedure. Customers in Brazil may currently utilize this feature to purchase cryptocurrency, and it will soon be available to a larger audience as well. To
February 9, 2024 2 mins read
In one of three national risk evaluation reports released on Wednesday, the U.S. Treasury Department said that virtual assets are becoming more popular with criminals, fraudsters, and illicit players. Highlighting illicit financing challenges, vulnerabilities, and hazards in the U.S., the agency issued its 2024 National Risk Assessments on Money Laundering,
February 8, 2024 2 mins read