The U.S. Securities and Exchange Commission (SEC) has been hesitant to approve a Bitcoin exchange-traded fund (ETF) in the United States. However, this may not be an impossible obstacle to overcome. The SEC has been reluctant to approve a Bitcoin ETF due to the lack of regulation in the cryptocurrency market. This has caused the […]
Cryptocurrency analyst Michaël van de Poppe offers a glimmer of hope to those who have been “hodling” through the current bear market, the longest in Bitcoin’s history. He believes that the current bear market will eventually give way to a bullish trend, potentially resulting in significant gains for those who remain patient. The market is […]
Bitcoin whales have been undeterred by the recent price swings of the leading digital asset, with the total number of whales reaching a 10-month high of 1,611 according to Glassnode. During the second half of August, Bitcoin was stuck around the $26,000 mark, but the price surged to $28,000 on August 29th after Grayscale won […]
The past few days have seen an increased number of developments in the crypto industry, mostly surrounding the potential launch of a spot Bitcoin ETF in the States. Grayscale won a court battle against the SEC, which resulted in a two-week peak of Bitcoin at just over $28,000. However, the Securities and Exchange Commission delayed […]
The African continent is a promising market for crypto adoption due to its young population, economic mismanagement by governments, and inadequate financial infrastructure. On Episode 28 of Hashing It Out, host Elisha Owusu Akyaw was joined by Christian Duffus, founder of Fonbnk, to discuss the complexity of onboarding users from the continent. Duffus shared his […]
Robinhood has been approved by a federal court in the Southern District of New York to repurchase shares seized from Sam Bankman-Fried’s Emergent Fidelity Technologies for $605.7 million. Bankman-Fried had previously held a 7.6% stake in Robinhood, and had expressed enthusiasm about the company’s prospects. However, the bankruptcy of FTX led to the seizure and […]
The Cambridge Centre for Alternative Finance (CCAF) has released a new study titled “Bitcoin electricity consumption: an improved assessment” which has sparked conversations among crypto enthusiasts and environmentalists. Daniel Batten, a prominent climate activist and Bitcoin environmental analyst, commented on the matter, noting that the CCAF model overestimated the BTC energy demand by 16.8% in […]
Wall Street Memes (WSM) is a new meme coin that has attracted whale buys of over 500 ETH, worth over $1 million. It is inspired by the Wall Street Bets movement, which made headlines during the last crypto bull run. The project has a large social media presence built around posting memes, and has even […]
Robinhood, the popular online brokerage firm, has reached an agreement with the United States Marshal Service to repurchase shares previously associated with Sam Bankman-Fried’s Emergent Fidelity Technologies, amounting to $605.7 million. The shares were seized and transferred to the U.S. government after Bankman-Fried’s FTX and Emergent filed for bankruptcy protection last year. Investors responded positively […]
Robinhood, a cryptocurrency and stock trading platform, has completed the purchase of 55,273,469 shares from former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang. The shares, originally held by Emergent Fidelity Technologies, were seized by the U.S. Department of Justice in January. The purchase, which cost Robinhood roughly $606 million, was approved by the […]
