A group of former Citigroup executives have launched a startup to offer Bitcoin-backed securities that they claim do not require approval from the US Securities and Exchange Commission (SEC). The startup, named “Receipts Depository Corporation (RDC),” aims to cater to the institutional demand for Bitcoin investments that may not be met by spot Bitcoin exchange-traded […]
Marathon Digital Holdings has made a significant mark in the cryptocurrency mining industry, setting a new record by mining 1,853 Bitcoin in December 2023. This achievement not only surpasses the company’s previous records but also sets a new high in the entire Bitcoin mining sector.The Florida-based company’s output in December represented a 56% increase over […]
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 […]
The Securities and Exchange Commission (SEC) has been a significant topic of discussion in the crypto community in recent years, primarily due to its actions against various companies and projects. However, the agency is now anticipated to approve a spot Bitcoin ETF in the US, after a decade of rejecting all proposals.The new year brought […]
In a significant achievement, Arbitrum has surpassed Ethereum’s mainnet in trading volume, marking a milestone in the blockchain industry. This success is part of a broader surge in Arbitrum’s performance, with the blockchain achieving three all-time highs in total value locked (TVL), DEX volume, and the spot price of its native token, ARB, in the […]
The Polkadot community is buzzing with anticipation as DED, the first meme coin in the ecosystem, is set to launch soon. This has sparked excitement and interest in DOT, the native token of Polkadot, as analysts predict that the launch of DED will push up the price of DOT. This is because only DOT holders […]
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 […]
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 […]
Anatoly Yakovenko, co-founder of Solana, has expressed confidence in the ability of their blockchain to handle the increasing demand for decentralized applications (dapps) without the need for layer-2 solutions, unlike Ethereum.Yakovenko argued that Solana’s design, which uses a hybrid consensus mechanism, allows it to scale efficiently without the need for additional layers. He explained that […]
