In a significant development, Genesis, a prominent player in the cryptocurrency industry, has been compelled to forfeit its BitLicense. This drastic measure comes as a result of a lawsuit filed by the New York Department of Financial Services (NYDFS). In addition to relinquishing its BitLicense, Genesis has also been mandated to pay a hefty sum […]
In the world of decentralized finance (DeFi), a Solana-based maximum extractable value (MEV) bot has made a significant impact, generating $1.7 million in profit from a single trade. This news comes alongside the Near Foundation’s decision to lay off 40% of its staff, despite a strong financial performance. Meanwhile, the United States Commodity Futures Trading […]
The XRPL Mainnet has faced several challenges, including issues related to authorized trustlines and a combination of flags when the exchange rate on an offer diverges from the order book rate. These challenges have been classified as core ledger updates. When new features are introduced to the XRPL Mainnet, XLS specifications that involve fundamental changes […]
The U.S. Bitcoin ETF debut sparked a wave of excitement, but prices dropped after an initial surge, impacting both long and short futures traders with $80 million in losses. Spot Bitcoin ETFs made a historic debut, with $4.3 billion in trading volume on the first day, attracting institutional investors.The debut of Bitcoin exchange-traded funds (ETFs) […]
JPMorgan has expressed skepticism regarding the approval of spot Ethereum ETFs by the Securities and Exchange Commission (SEC) in May. Nikolaos Panigirtzoglou, a representative from JPMorgan, stated that the SEC would need to classify Ethereum as a commodity, similar to Bitcoin, rather than a security for the approval to take place. However, he believes that […]
Bill Morgan, a prominent pro-XRP lawyer, has recently commented on the legal dispute between Ripple Labs and the United States Securities and Exchange Commission (SEC) over XRP’s non-security status. On Thursday, January 11, Morgan used the social media platform X to announce that the battle has concluded.Morgan’s statement was in response to the SEC’s latest […]
In a surprising turn of events, two major South Korean financial institutions, Samsung Securities and Mirae Asset Securities, have suspended their brokerage services for specific Bitcoin exchange-traded funds (ETFs). This decision follows a cautionary advisory from the Financial Services Commission (FSC), South Korea’s financial watchdog, which has caused significant disruption in the local cryptocurrency scene.The […]
Despite US sanctions, crypto mixer Tornado Cash has continued its operations, reportedly laundering over $500 million worth of crypto in 2023, according to data provided by blockchain security firm SlowMist. The US imposed sanctions on the crypto mixer in 2022, but this did not deter the service from laundering over $550 million in crypto the […]
BlackRock CEO Larry Fink has recognized the potential of an Ethereum ETF in the United States, marking a significant development following the successful launch of their Bitcoin ETF. Fink, in an interview, lauded the successful trading debut of BlackRock’s Bitcoin ETF, IBIT, which garnered an impressive $1.05 billion in trading volume. This feat surpassed the […]
BlackRock’s Chief Executive Officer, Larry Fink, has publicly acknowledged the potential of Ethereum-based exchange-traded funds (ETFs). In a recent interview with CNBC, Fink expressed his belief in the value of an Ethereum ETF.BlackRock, the world’s largest asset manager, with a staggering US$10 trillion in assets under management, understands the importance of Ethereum ETFs. These funds […]
