One of the most talked-about U.S. Spot Ethereum ETFs got the go light from the SEC last week, setting off a chain reaction in the cryptocurrency market. Notably, last week, as optimism grew, Bitcoin and most altcoins rose. It seems that investors’ trust in the digital assets market has been
May 26, 2024 1 min read
The former US president and Republican candidate for president this year, Donald Trump, has once again shown his support for cryptocurrency. His ambitions to back crypto startups were disclosed in a post the former president made on Truth Social, his social media platform. For some time now, people have seen
May 26, 2024 1 min read
Eight Spot Ethereum ETFs were authorized by the U.S. Securities and Exchange Commission (SEC) on Thursday, May 23, 2024, marking a significant milestone for the cryptocurrency sector. Lead developer Shytoshi Kusama of Shiba Inu was one among many who reacted to this news. Additionally, the developer suggested big ecosystem enhancements
May 24, 2024 1 min read
Midway through Wednesday, the spot ether exchange-traded funds (ETFs) established by ChinaAMC, a Chinese fund manager, had a daily influx of almost HK$5 million (US$640,780), a substantial increase. This comes after Tuesday’s record-breaking inflow of HK$3.77 million, the most since the ETF’s launch. Investors are speculating that comparable products might
May 22, 2024 1 min read
This time it’s the Hong Kong Office of the Privacy Commissioner for Personal Data (PCPD) that is putting the brakes on Sam Altman’s iris-scanning startup Worldcoin (WLD). A recent development is that Worldcoin was found to have breached the privacy ordinance as per the Privacy Commissioner Chung Lai-ling. Consequently, they
May 22, 2024 1 min read
The minutes from last week’s Federal Reserve meeting and Nvidia’s massive earnings release will be the economic highlights. Markets might be somewhat swayed by news on consumer inflation predictions and global manufacturing and services indices. A first occurred last week when the DJIA, the U.S. stock market index, surpassed the
May 20, 2024 2 mins read
The average weekly number of new Bitcoin addresses approached its greatest levels since its all-time high in December 2017, six months ago, due to enthusiasm over spot Bitcoin ETFs, innovations in the Bitcoin ecosystem like Ordinals, and the imminent halving. The enthusiasm around new Bitcoin projects has waned, and the
May 20, 2024 2 mins read
Charles Hoskinson, founder of Cardano, has once more brought attention to two blockchain characteristics that have the potential to expand the global financial operating system (OS). Hoskinson’s post on X was in reaction to one made by Dedium, a Cardano-based decentralized GPU computing network. As an example of “the beauty
May 20, 2024 2 mins read
The Venezuelan government has stated its intention to detach cryptocurrency mining farms from the power grid in order to control the country’s excessive energy consumption and guarantee a steady supply of electricity to its residents. In an effort to combat corruption, the government recently confiscated 2,000 crypto mining devices, prompting
May 19, 2024 2 mins read
Bloomberg’s senior ETF analyst Eric Balchunas claims that the withdrawals from spot bitcoin ETFs last month were compensated for by the inflows in May. Balchunas stated: “The bitcoin ETFs have put together a solid two weeks with $1.3 billion in inflows, which offsets the entirety of the negative flows in
May 18, 2024 2 mins read