Hashdex, a crypto asset management company, has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin futures ETF that will hold actual spot Bitcoin. Exchange-traded funds, or ETFs, are investment funds that track BTC’s value and trade on traditional stock exchanges rather than crypto exchanges. Hashdex’s approach differs from recent […]
XRP tokens worth $1.5 million were recently acquired, sparking discussions within the crypto community and hinting at the possibility of an impending price surge. This strategic move has been seen before in the cryptocurrency market, leading to substantial price fluctuations. The identity of the purchaser and the motive behind this investment remain undisclosed.This occurrence recalls […]
The U.S. Federal Bureau of Investigation (FBI) has warned crypto companies of $41 million in stolen Bitcoin (BTC) controlled by North Korean “TraderTraitor-affiliated actors” known as Lazarus and APT38.The FBI attributed the theft of 1,580 BTC from several crypto service providers in 2023 to Lazarus, and estimated the total losses to be nearly $200 million. […]
USD Coin, the world’s second-largest stablecoin by market capitalization, is set to launch on six new blockchains, including NEAR, Polkadot, and Base. This would make the stablecoin available on a total of 15 blockchains. The decision comes a day after Coinbase acquired a stake in USD Coin issuer Circle Internet Financial.The extension to the new […]
Coinbase, the American crypto giant, is in talks with some of Canada’s largest banking institutions in order to gain support for the local crypto ecosystem. This comes shortly after Coinbase announced its official entry into the Canadian crypto market.Lucan Matheson, Coinbase’s Director of Canadian Operations, is reportedly in talks with the tier-one banks in Canada, […]
Investors of the popular meme token PEPE were spooked earlier today after a major modification to the project’s multi-signature wallet was highlighted. The threshold of keys was reduced from 5/8 signatures to just 2/8 signatures, meaning two out of eight signatories could approve transactions for the project.Digital asset research firm ASXN reported that PEPE tokens […]
PayPal has recently made a groundbreaking move into the cryptocurrency market with the introduction of its stablecoin, PayPal USD (PYUSD). This digital asset is designed to facilitate secure and effortless virtual transactions, particularly within the realm of blockchain technology. PYUSD is backed by tangible assets such as USD deposits and short-term U.S. treasuries, ensuring its […]
Bitcoin’s recent price drop from $29,400 to $25,000 has not shaken the confidence of long-term holders. This is evident in the on-chain metric of Bitcoin’s reserve risk. This metric is important as it reveals insights about Bitcoin’s long-term potential. Analyzing this metric can help investors make informed decisions about their investment strategies. Information Details Geography […]
The US government’s debt is rising at a historic rate, with $97.7 billion added to the national debt between August 16th and August 22nd, bringing the total to $32.759 trillion. Finance guru Larry Mcdonald has analyzed the US government’s spending over the last two decades, noting that since 2020, the US government has spent a […]
The Federal Reserve is committed to bringing inflation down to 2%, according to Chairman Jerome Powell’s speech at the Jackson Hole Symposium. Despite some economists suggesting that achieving this target may be difficult, Powell reiterated that the Fed remains committed to the goal. The odds of a rate hike at the Fed’s next meeting in […]
