With surveys conducted in France, Spain, Italy, and Sweden, Binance—the world’s leading blockchain ecosystem and crypto service provider by trading volume—has dived into the behavior of European cryptocurrency users, providing a thorough understanding of their preferences and behaviors. A striking pattern emerges from the poll: 73% of participants are bullish about cryptocurrency’s
January 24, 2024 3 mins read
Grayscale has experienced massive losses amounting to billions of dollars. Total platform outflows reached approximately $2.2 billion on the fifth trading day of spot Bitcoin ETF, with Grayscale seeing a substantial outflow of $579.6 million. Grayscale has deposited 63,991 Bitcoin, worth about $2.68 billion, according to statistics from Lookonchain. It
January 23, 2024 2 mins read
With five trademark applications pertaining to blockchain technology and cryptocurrencies that are still active from 2022, the United States House Financial Services Committee is pressuring Meta to reveal any intentions it may have about blockchain technology and cryptocurrencies. The trademark applications were filed on March 18, 2022. In a letter
January 23, 2024 1 min read
One of the most prominent United States-based issuers of tokenized securities, Ondo Finance which is backed by Coinbase is now aggressively expanding into the Asia Pacific area to take advantage of the region’s increasing interest in digital assets. In a recent press release, the firm—which asserts a substantial global market
January 22, 2024 1 min read
The renowned cryptocurrency wallet application MetaMask has teamed up with Consensys Staking to operate Ethereum validator nodes for users who are ready to stake a minimum of 32 ETH, which is equivalent to around $80,000. After ‘The Merge,’ which occurred in September 2022 and marked the switch from a proof-of-work
January 22, 2024 1 min read
Within one week of its inception, Fidelity Investment’s spot Bitcoin (BTC) ETF has amassed more than $1 billion in assets under management (AUM), making it the second ETF provider to achieve this feat. According to Bloomberg data, Fidelity’s Wise Origin Bitcoin Trust hit this mark on its fifth trading day,
January 20, 2024 2 mins read
The United States SEC acknowledged the application for options trading on spot Bitcoin ETFs within three days of its filing. The 19b-4s asking for authorization to trade options on spot Bitcoin ETFs have been acknowledged by the U.S. SEC, according to Bloomberg’s senior ETF analyst James Seyffart. The standard procedure
January 20, 2024 1 min read
An updated protocol has reduced the time it takes to create a block on the layer-1 blockchain Algorand by almost 20%, bringing the average block time down to less than three seconds. With the release of the Dynamic Lambda (dynamic round times) update, the Algorand Foundation boasted improved network speed
January 18, 2024 1 min read
There has been some talk about digital currency deployment among central banks throughout the globe, as people move away from using physical cash and toward online and electronic payment methods. In these continuing discussions on the development of payment mechanisms, the U.S has been keen on introducing a CBDC. Trump
January 18, 2024 2 mins read
U.S. Treasury and IRS officials have stated that they would postpone implementing new reporting rules for digital asset transactions, providing some short-term respite to companies involved in the cryptocurrency industry. The agencies are now working on adopting rules in response to changes brought by the Infrastructure Investment and Jobs Act,
January 17, 2024 2 mins read