Asset management firm VanEck has announced its commitment to donate 5% of the profits from its proposed spot Bitcoin ETF, if approved, to support core Bitcoin developers. A similar pledge has been made for Ethereum developers in relation to its Ether Futures ETF.This pledge demonstrates VanEck’s dedication to the larger Bitcoin ecosystem, with the firm […]
Digital Currency Group (DCG), a venture capital firm, has announced the complete payoff of all its short-term loans from the now-defunct cryptocurrency lending platform Genesis. Despite the challenging conditions in the cryptocurrency market throughout the year, DCG managed to meet its loan obligations. The firm paid approximately $700 million of the nearly $1 billion it […]
Coinbase is set to broaden its derivatives offerings in the European Union through the acquisition of a MiFID-licensed entity in Cyprus. This move, which is still awaiting regulatory approval, is expected to bolster Coinbase’s market presence in 2024.MiFID II is the EU’s revised legislation governing financial instruments. The legislation was updated in 2017 to address […]
Digital Currency Group (DCG) has announced the resolution of all outstanding debts due to the now-defunct crypto lending platform Genesis. The announcement, made on January 6 on X (formerly Twitter), confirmed that DCG is current on all debts, having paid approximately $700 million to Genesis. This forms part of the over $1 billion paid to […]
Solana, a key player in the cryptocurrency world, has been the center of many discussions, especially concerning the adoption of Layer2 (L2) solutions. Anatoly Yakovenko, the co-founder of Solana, recently clarified the blockchain’s core mission and its stance on Layer2 solutions.Yakovenko made a definitive statement, dismissing the necessity of Layer2 solutions for Solana, labeling them […]
The US Securities and Exchange Commission (SEC) has lodged a motion against Binance, the world’s largest crypto exchange, in the US District Court for the District of Columbia. The motion draws parallels between its actions against Binance, Binance US, and its former CEO and founder, Changpeng Zhao, and the Terraform Labs case, where co-founder Do […]
The US Securities and Exchange Commission (SEC) has lodged a motion against Binance, the world’s largest crypto exchange, in the US District Court for the District of Columbia. The motion draws parallels between its actions against Binance, Binance US, and its former CEO and founder, Changpeng Zhao, and the Terraform Labs case, where co-founder Do […]
Bitcoin ETF applicant VanEck has committed to donate 5% of its fund’s profits to Bitcoin Core developers, if approved by the U.S. Securities and Exchange Commission (SEC). This pledge could provide significant financial support for these developers, who often lack funding for their work.VanEck, a prominent ETF and mutual fund manager since 1955 with $76.4 […]
ACE Exchange, a leading crypto trading platform in Taiwan, is currently under investigation for alleged fraudulent activities. The local authorities estimate the fraud to be worth over $32 million. The company, however, has clarified that its employees are not implicated in the alleged fraud case.The founder of ACE Exchange, David Pan, and 13 other suspects, […]
Decentralized exchange Mango Markets is bolstering its resources to address the ongoing scrutiny from United States regulatory authorities. A proposal on Mango’s governance forum reveals that the decentralized autonomous organization running the exchange is set to approve a budget of $250,000 in USD Coin on January 6. This fund is intended for the hiring of […]
