Author: Anshul

Spot Bitcoin ETFs See Rebound

After four weeks of sustained outflows totaling over $1 billion, spot bitcoin exchange-traded funds (ETFs) in the United States have finally seen a return to net inflows, amassing $116.8 million last week. This marked change was led predominantly by Fidelity’s FBTC and Ark Invest’s ARKB, signaling a potential shift in investor sentiment towards these investment […]

Bitcoin’s Leap to Stablecoins on Lightning

The recent announcement by Lightning Labs CEO Elizabeth Stark at the Financial Times Crypto and Digital Assets Summit has sparked considerable interest in the cryptocurrency community. Stark revealed that the developer behind Bitcoin’s Lightning Network has successfully tested a protocol allowing for the issuance of stablecoins on the Bitcoin blockchain. The new protocol, dubbed the […]

Kraken vs SEC: Legal Battle Heats Up

As the legal confrontation between cryptocurrency exchange Kraken and the U.S. Securities and Exchange Commission (SEC) escalates, the arguments from both sides are intensifying ahead of a pivotal hearing set for June. In their latest court filing, Kraken’s legal team has presented arguments suggesting that the SEC’s claims may lack substantial basis, particularly concerning the […]

Crypto Trading Volumes Dip in April

April marked a significant shift in the cryptocurrency market as cumulative spot trading volumes on centralized exchanges witnessed their first month-to-month decline in seven months, highlighting a cooling phase in the market dynamics. After a robust performance in March, where spot volumes surged to nearly $2.5 trillion, April’s figures took a downturn to $1.6 trillion. […]

Binance Fined $6M for Compliance Failures

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has taken decisive regulatory action against Binance, one of the world’s largest cryptocurrency exchanges, for breaches related to money laundering regulations. According to a recent announcement, Binance faced significant fines for not adhering to Canadian financial laws. FINTRAC’s findings highlighted two primary infractions by the […]

Scammer Negotiates After $71M Bitcoin Theft

A recent digital heist involving $71 million in wrapped bitcoin (WBTC) has taken a surprising turn, as the alleged scammer reached out to their victim through Ethereum’s blockchain. The scammer, implicated in a poisoning attack, prompted the victim to provide contact details on Telegram, followed by sending over 51 ETH worth approximately $151,600. This peculiar […]

FTX Estate Proposes Generous Creditor Payouts

The FTX bankruptcy estate has unveiled a reorganization plan poised to significantly exceed the required payouts to creditors, a remarkable development 17 months following the cryptocurrency exchange’s Chapter 11 bankruptcy filing. According to the estate, an impressive 98% of creditors are slated to receive at least 118% of their allowed claims in cash within 60 […]

Grayscale Drops Ethereum ETF Plans

Grayscale, a leading crypto asset manager, has recently retracted its intention to launch an exchange-traded fund (ETF) for Ethereum futures, officially withdrawing its application with the Securities and Exchange Commission (SEC). Initially filed on September 19, 2023, the proposal for the Grayscale Ethereum Futures Trust ETF has faced multiple delays, with the SEC citing the […]