Day: March 11, 2024

Dimming Hopes for May Ethereum ETF Approval

Analysts from Bloomberg have notably adjusted their expectations, reducing the probability of a spot Ethereum ETF being greenlit by May to just 30%. This adjustment reflects a considerable shift from earlier optimistic projections, underscoring the intricate dance between regulatory processes and market anticipation. At the outset of the year, Bloomberg Senior ETF Analyst Eric Balchunas […]

MakerDAO’s Bold Move to Stabilize DAI Amid Volatility

MakerDAO has unveiled a series of temporary changes to its fee structure, aimed at reinforcing the stability of its dollar-pegged stablecoin, DAI. This strategic pivot comes amidst an environment of “increased volatility and bullish sentiment” that has seen a significant depletion in DAI’s reserves, challenging the protocol’s equilibrium. The catalyst for these adjustments was a […]

London Stock Exchange Opens Doors to Crypto ETNs

Traditional institutions like the London Stock Exchange (LSE) are ready to embrace the potential of cryptocurrency. In a landmark announcement on Monday, the LSE declared its intention to start accepting applications for Bitcoin and Ether exchange-traded notes (ETNs) in the coming months, specifically during the second quarter of 2024. This decision signifies a significant shift […]

Phishing Frenzy: Crypto Users Lose $104 Million in First Two Months of 2024

The shadows of the crypto world are filled with more than just market volatility. Phishing scams continue to be a major threat, draining millions from unsuspecting users. According to security firm Scam Sniffer, a staggering $104 million has been lost to these attacks in just the first two months of 2024. This represents a significant […]

South Korea Tightens Grip: Crypto Management System Targets Tax Evasion

South Korea, a nation that has historically exhibited a complex relationship with cryptocurrencies, is taking a proactive stance against tax evasion in the digital asset space. The country’s National Tax Service is spearheading the development of a crypto-focused asset management system, slated for completion by 2025. This system signifies a significant step towards increased scrutiny […]

Rose Trims NFT Portfolio, But Doubles Down on Web3 Future

Kevin Rose, a prominent figure in the Web3 space and co-founder of the NFT project PROOF, has sent ripples through the NFT community by offloading over $1.2 million worth of NFTs. However, those worried about Rose abandoning ship entirely can rest easy – the man himself assures everyone this is a strategic move, not a […]

Coinbase Champions Grayscale’s Ethereum ETF Push in SEC Meeting

Coinbase, the leading American cryptocurrency exchange, recently met with the Securities and Exchange Commission (SEC) to advocate for Grayscale‘s proposed spot Ethereum (ETH) exchange-traded fund (ETF). This development follows Grayscale, a major crypto fund manager, applying in October to convert its existing Grayscale Ethereum Trust (ETHE) into a spot ETF. This shift would be a […]

Bitcoin Breaks the Bank: Surpasses Silver, Soars Past $71,000

Bitcoin has solidified its position as a major player in the financial arena as it surpasses the market capitalization of silver, a long-established precious metal, while simultaneously shattering its all-time high and soaring past $71,000. This latest achievement comes just days after Bitcoin breached the $70,000 mark for the first time, solidifying its journey towards […]