According to a filing with the United States SEC dated November 17, Fidelity Investments intends to launch a spot Ethereum ETF. The proposed rule change that would enable Cboe BZX to list and trade shares in Fidelity’s prospective fund was described in a 19b-4 filing. Similar to Fidelity’s spot Bitcoin
As per data from CoinMarketCap the price of the WLD token, which is tied to the Worldcoin project, fell by 13% after the news of co-founder Sam Altman’s resignation from OpenAI was made public. After an evaluation, the OpenAI board decided to remove Altman as CEO due to insufficient openness
Cardano’s (ADA) recent drop in value reflects the overall crypto market’s decline and puts investors’ fortitude to the test. Profit-taking by investors reassessing their holdings in light of the market’s downturn is likely contributing to the current selling pressure. The Cardano Ballot, announced by Cardano co-founder Charles Hoskinson, will be
The head of Mastercard’s blockchain and digital assets for the APAC region told CNBC that CBDCs are unnecessary since consumers are already comfortable with fiat currency. Ashok Venkateshwaran, speaking on the fringes of the Singapore FinTech festival on Wednesday, said that adoption is the most challenging aspect of the industry.
Ripple’s Chief Legal Officer Stuart Alderoty responds sharply to comments made by U.S SEC Chairman Gary Gensler. The SEC chair, in a recent address, echoed the first Chair of the SEC, Joseph P. Kennedy, who emphasized the agency’s role as both a partner to honest businesses and a prosecutor of
A new research report from the Bank of International Settlements (BIS) details the institution’s growing worries about the stability of stablecoins. BIS expressed serious doubts regarding their dependability as both an investment and a medium of exchange in their study report. The research analyzes 68 stablecoins and finds that none
The price of Cardano (ADA) surged 3.3% on November 16th, joining a broader altcoin rally as the cryptocurrency aims to recapture lost ground. ADA currently trades around $0.3883, up from $0.3624 just 24 hours ago, according to CoinMarketCap. After a rocky few weeks impacted by FTX contagion, ADA has now
The firm behind Solana (SOL), Solana Labs, have refuted CertiK’s assertion that the Saga smartphone has a security flaw. Earlier, CertiK claimed that the crypto-enabled smartphone Saga had a security flaw, however this was disputed by Solana Labs. On November 15th, security firm CertiK tweeted that a significant security flaw
A decision on the Grayscale Ethereum futures ETF proposal has been postponed as the United States SEC delays its judgement. This proposal was first presented to the SEC by Grayscale Investments in September. It outlined a fund in which investors could buy shares based on their forecasts for the value
Solana (SOL) jumped nearly 10% in the past 24 hours, leading gains among top cryptocurrencies as investors regain confidence in the blockchain project once heavily backed by the now-disgraced Sam Bankman-Fried. SOL crossed above $63 on Wednesday, reaching prices not seen since last May. Trading volumes also spiked over 70%
