Grayscale, a digital asset management firm, reportedly holds $5 billion in Ethereum (ETH) according to Arkham Intelligence. This is in line with Grayscale’s own public statements. The funds are divided across more than 500 addresses, each containing $30 million or less. Grayscale recently obtained a legal victory from the U.S. Securities and Exchange Commission (SEC) […]
Former SEC Chairman Jay Clayton believes that the approval of a spot market Bitcoin (BTC) exchange-traded fund (ETF) is inevitable. In a recent interview on CNBC Squawk Box, Clayton stated that it is clear that Bitcoin is not a security and that retail and institutional investors want access to it. He also noted that trusted […]
Dwayne Johnson (The Rock) and Oprah Winfrey have launched an initiative to help those affected by the devastating wildfires in Maui, Hawaii. The People’s Fund of Maui is open to contributors from all over the world and accepts donations in cryptocurrencies. Every adult resident of Lahaina and Kula is eligible to receive $1,200 per month […]
New York Judge Katherine Failla recently ruled that Ethereum (ETH) is a commodity, rejecting a class action lawsuit against the leading decentralized exchange Uniswap. Judge Failla is also in charge of the SEC’s ongoing case against Coinbase. In her ruling, she stated that the smart contracts involved in the exchange of ETH and Bitcoin were […]
Kava Chain, a decentralized Cosmos-Ethereum interoperable layer one blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. This integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain.Idan Ofrat, co-founder and chief product […]
Robinhood, a crypto and stock trading platform, has completed a nine-figure buyback of its own shares from the former executives of FTX, including Sam Bankman-Fried and Gary Wang. The purchase was worth $605.7 million and secured 55,273,469 HOOD shares. The company funded the purchase from its balance sheet and the Board of Directors had authorized […]
Kava Chain, a decentralized Cosmos-Ethereum interoperable Layer 1 blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. This integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain. Fireblocks customers will be able […]
Coinbase, the leading US-based crypto exchange, has announced its plans to enter the world of PayPal’s recently introduced stablecoin, PYUSD. Trading is set to begin on August 31, pending liquidity conditions, and will be accompanied by a gradual introduction of PYUSD-USD pairs. Coinbase has labeled this venture as “experimental” due to the asset’s newness and […]
Former SEC chair Jay Clayton believes that the approval of spot Bitcoin exchange-traded funds (ETFs) is inevitable. On Aug. 31, the SEC designated a longer period in which it could review spot BTC ETF applications from major firms such as BlackRock, WisdomTree, VanEck, Invesco Galaxy, Bitwise, Valkyrie and Fidelity. The commission has another 45 days […]
Robinhood, a popular retail trading platform, has announced that its self-custodial web3 wallet now supports in-app swapping on the Ethereum (ETH) network. Select users can now swap for more than 200 tokens on Ethereum starting Wednesday, August 30th, and the feature will be available for all users in the coming weeks. Unlike other wallets, the […]
