The world of cryptocurrency continues to grow and evolve, with asset managers seeking approval for various investment products. Wall Street titan and asset manager Franklin Templeton recently made headlines by applying for an Ethereum Spot Exchange-Traded Fund (ETF). This move comes after their struggle to gain approval for a Bitcoin Spot ETF earlier this year.
The court battle between Changpeng Zhao, commonly known as CZ, and the United States government has taken an unexpected turn. A notice filed in a Seattle court reveals that the verdict, initially expected later this month, will now be delayed until the 30th of April. This extension will undoubtedly prolong the anticipation, anxiety, and speculation
In a recent incident, the U.S. Securities and Exchange Commission (SEC) fell victim to a SIM swap attack, highlighting the vulnerability of its cybersecurity measures. The incident involved an unknown actor performing a SIM swap attack on the SEC’s X account and spreading false information about the approval of spot Bitcoin ETFs. In response to
It has been confirmed by lawyers representing FTX that the possibility of restarting the defunct exchange has been officially scrapped. Instead, the company will dissolve completely once all debts have been paid off. The lawyers are confident that full repayment to creditors is an attainable objective, albeit in the form of the dollar value of
The Korea Financial Intelligence Unit (KoFIU) has recently unveiled an extensive plan aimed at enhancing supervision and regulation within the crypto industry. This move comes as part of South Korea’s commitment to strengthening financial oversight and consumer protection in the ever-evolving digital asset landscape. With the development of their comprehensive strategy for 2024, which involved
Tech mogul Elon Musk has been ordered by a US court to testify in an investigation conducted by the Securities and Exchange Commission (SEC) regarding his acquisition of social media platform Twitter, now rebranded as X. The court ruling came after the SEC filed a motion to enforce a subpoena against Musk, seeking relevant information
In the world of cryptocurrency, meme coins have emerged as a popular investment option. One such meme coin, BONK, has recently experienced a minor localized price drop, leading holders to question its future prospects. This article will analyze the current price trends of BONK and evaluate whether another meme coin, Meme Kombat, offers a more
After a tumultuous 2022, Bitcoin (BTC) is poised for a remarkable resurgence in 2024, according to a consensus of industry experts. This comprehensive analysis delves into the key factors driving this positive sentiment, including the highly anticipated Bitcoin halving event, surging institutional adoption, and the introduction of spot Bitcoin exchange-traded funds (ETFs). The Bitcoin halving
Ethereum co-founder Jeffrey Wilcke has sent shockwaves through the cryptocurrency market with a significant deposit of 4,300 ETH to a leading cryptocurrency exchange. The total deposit, worth approximately $41.1 million at the time, has generated renewed interest and excitement from investors and traders alike. This surprise deposit is particularly notable considering the lengthy hiatus Wilcke’s
In the latest run for Bitcoin, the cryptocurrency has reached a new monthly peak at $48,600. After a period of sideways trading, Bitcoin experienced a surge in price following last week’s volatility. The bulls took control of the market, causing the price to climb above $47,000 by the end of the business week. Over the
