Speculation Rises on SEC Approval of Ethereum ETF in 2023

The US Securities and Exchange Commission (SEC) has recently given the green light to a spot Bitcoin ETF, albeit somewhat reluctantly. This has sparked speculation about when the agency will approve an exchange-traded fund (ETF) that tracks the performance of Ethereum, the second-largest cryptocurrency.The year 2023 has been a significant one for ETFs, with numerous […]

Hedera Council Allocates 4.86 Billion HBAR for Network Development

The Hedera Council, the governing body of the Hedera network, has given the green light to allocate 4.86 billion HBAR — Hedera Hashgraph’s native cryptocurrency, for further development and advanced decentralized governance. This decision will see a total of $408.2 million directed towards the development of the Hedera network.The majority of this allocation, specifically 4.248 […]

Truck Driver Turns $650 into $1.7 Million with SHIB Investment

In a remarkable turn of events, an American truck driver’s life was transformed when his $650 investment in the Shiba Inu meme token (SHIB) ballooned to $1.7 million. The driver, who remains anonymous, made the investment in August 2020 when SHIB was relatively unknown and its price was around $0.00000000051 per token. This investment equated […]

SEC Approves Spot-Bitcoin ETFs Amid Controversy and Delays

For the past six months, nearly a dozen providers have been awaiting the green light from the U.S. Securities and Exchange Commission (SEC) to launch the first spot-based Bitcoin ETF. For years, the agency has refused to approve such products, always with seemingly false reasons. However, a clear court decision in the case of Grayscale […]

Ethereum Co-founder Proposes 33% Increase in Gas Limit

Vitalik Buterin, co-founder of Ethereum, has proposed a 33% increase in the gas limit to enhance network throughput. This marks the first change in Ethereum’s gas limit in three years, addressing rising gas prices and the ongoing scalability debate within the Ethereum community.In a recent ask-me-anything (AMA) session on Reddit, Buterin suggested raising the gas […]

Coinbase Partners with Yellow Card to Expand in Africa

On January 11, Coinbase, a renowned crypto exchange, announced its collaboration with Yellow Card, the first licensed Stablecoin on/off ramp on the African continent. This partnership aims to broaden the reach of their products to emerging economies across Africa.Through this alliance, Coinbase plans to extend access to its products, beginning with 20 African nations. The […]

SEC Approves 11 Bitcoin ETFs, Industry Leaders Discuss Competition

The US Securities and Exchange Commission (SEC) has approved 11 Bitcoin Exchange-Traded Funds (ETFs) in a move celebrated by crypto investors. The simultaneous approval of these ETFs is intended to provide a level playing field for issuers.Many ETF issuers have offered low fees to attract more investors, with some, such as Fidelity and Bitwise, even […]

BlackRock CEO Views Bitcoin as Asset Class, Not Currency

BlackRock CEO Larry Fink has expressed skepticism about the feasibility of Bitcoin as a medium for everyday transactions, insisting that it should be seen as an asset class. In a recent interview with CNBC, Fink articulated his belief in Bitcoin as an alternative form of wealth storage, rather than a potential replacement for national currencies.“I […]

Wise Lending Drained of $440,000 in Apparent Oracle Price Exploit

Web3 lending app and yield aggregator Wise Lending suffered a significant loss of 170 Ether (ETH), valued at $440,000, in an apparent exploit on January 12. The attacker is suspected to have manipulated an oracle price via a flash loan to execute the exploit. The attack occurred at 07:29 pm UTC, with the perpetrator using […]

SEC Chairman Doubles Down on Bitcoin Criticism Despite ETF Approvals

The chairman of the Securities and Exchange Commission (SEC) has reiterated his criticisms of Bitcoin (BTC), despite recently approving a number of exchange-traded funds (ETFs) for the cryptocurrency. In an interview with CNBC, the chairman argued that Bitcoin’s use cases are limited, often associated with illicit activities, and have ironically trended toward centralization over time.Bitcoin’s […]