Fidelity’s Ethereum ETF Faces Regulatory Hurdle as SEC Extends Decision Window

Fidelity’s Ethereum ETF Faces Regulatory Hurdle as SEC Extends Decision WindowFidelity Investments’ plans to launch a spot Ethereum exchange-traded fund (ETF) have hit a snag as the U.S. Securities and Exchange Commission (SEC) has extended its decision window. The proposed Wise Origin Ethereum Trust would enable investors to track the performance of Ether, the second-largest […]

SEC Trial for Terraform Labs Co-founder Do Kwon Postponed Until March

Spot Bitcoin ETFs Approved by SEC in the United StatesAfter more than a decade of waiting, the crypto industry has finally achieved a significant milestone with the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The SEC approved applications from various companies, including ARK 21Shares, Invesco Galaxy, VanEck, […]

Ethereum Jumps 11.4% as Whales Accumulate, Boosting Market Sentiment

Ethereum (ETH) has seen a significant increase of 11.4%, with whales in the crypto ecosystem playing a major role in this change. Data from the crypto analytics platform Lookonchain reveals that a whale with the wallet address “0xAA15” withdrew a total of 5,762 ETH, approximately $15.06 million, from Binance. This whale has purchased a total […]

Crypto Trends 2024: Scalability, Compliance, and Institutional Adoption

As the crypto winter subsides, businesses in the crypto space are anticipating less turbulent times ahead. This optimism is fueled by growing Bitcoin adoption and increasing institutional demand, which are driving innovation in the sector. Key trends to watch out for this year include scalability and compliance solutions.Transaction speeds and costs pose significant challenges for […]

SEC Approves 11 Bitcoin ETFs, Marking Major Step for Crypto

The long-awaited launch of a spot Bitcoin exchange-traded fund (ETF) in the United States has finally taken place. The Securities and Exchange Commission (SEC) has approved 11 products for listing and trading on several national exchanges, marking a significant step towards legitimizing the crypto asset class. This journey began a decade ago, with many industry […]

SEC Chairman Addresses Unauthorized Access to Official Twitter Account

The United States Securities and Exchange Commission (SEC) recently experienced a security breach involving unauthorized access to its official Twitter account, @SECGov X. The incident was confirmed by SEC Chairman Gary Gensler, who reassured the public that there was no evidence of the breach extending to SEC systems or data.The unauthorized party gained access to […]

SEC Approves Bitcoin ETFs Amid Mixed Reactions and Market Movements

The US Securities and Exchange Commission (SEC) has given its approval for the first set of spot Bitcoin ETFs. This comes after all applicants for the proposed spot Bitcoin ETFs submitted their final amended S-1 applications by the given deadline. However, Vanguard, the world’s second-largest asset manager, has stated it will not allow customers to […]

CoinShares Acquires Valkyrie Funds to Expand US Bitcoin ETF Market

European firm CoinShares is making strides in the U.S. market with the acquisition of Valkyrie Funds, the issuer of a successful Bitcoin ETF. This strategic move comes in the wake of the SEC’s landmark approval for spot Bitcoin ETFs.Valkyrie Funds, a unit of Valkyrie Investments, had a successful launch of its ETF in the U.S. […]

Judge Upholds SEC Claims, Terra Co-Founder Faces Extradition Amid Fraud Allegations

In a significant development in the ongoing lawsuit involving Terraform Labs (Terra) and its co-founder, Do Kwon, a federal judge has upheld multiple key decisions in favor of the U.S. Securities and Exchange Commission (SEC). The judge’s decision confirms that Terra and Do Kwon violated the Securities Act, marking a significant step in a case […]

Bitcoin Hashrate Hits Record High Following US Spot ETF Approval

Bitcoin’s hash rate, the measure of the network’s computing power, recently reached a new all-time high. This surge in hash rate coincided with the debut of spot Bitcoin ETFs in the US. Data from IntoTheBlock reveals that the Bitcoin hash rate reached an all-time high of 630.91 million TH/s or 630 EH/s on January 11, […]