Ethereum, the second-largest cryptocurrency and the most prominent altcoin, has experienced significant growth in its market capitalization over the past year. According to a report from crypto analytics firm IntoTheBlock, Ethereum’s market cap has increased by 85%, moving from approximately $149.18 billion to its current value of $275.98 billion. However, when compared to other major
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The U.S. Securities and Exchange Commission (SEC) has recently set a strict deadline of December 29th for companies interested in launching exchange-traded funds (ETFs) tied to the spot Bitcoin price. This development, which emerged from a high-level meeting on December 21st, has garnered significant attention from leading financial entities, including BlackRock, Grayscale Investments, ARK Investments,
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In March 2022, Mikhail Klyukin, a Russian banker under White House sanctions, made headlines when he sold over £15m in shares of UK-based cryptocurrency firm Copper Technologies. The involvement of Copper Technologies, chaired by former Chancellor Philip Hammond, in this transaction has sparked concerns about the transparency of cryptocurrency transactions and the potential evasion of
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Cryptocurrency exchange BitMEX’s former CEO and co-founder, Arthur Hayes, recently expressed his concerns about the potential downfall of Bitcoin. Hayes specifically raised reservations about the possible launch of Spot Bitcoin ETFs and the involvement of traditional finance (TradFi) asset managers. In his final article of the year, Hayes argued that if these ETFs were to
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