6 Institutional Investors Bet On Ethereum Futures ETFs Amid Bitcoin Spot ETF Hype
NEWS 6 Institutional Investors Bet On Ethereum Futures ETFs Amid Bitcoin Spot ETF Hype Leading the charge, Volatility Shares, the firm responsible for introducing the first leveraged Bitcoin futures ETF, is now aiming to launch a groundbreaking ETF centered around Ether – the second-largest cryptocurrency by market capitalization. The recent success of Volatility Shares’ 2x […]
Tether’s Q2 Results: $3.3 Billion in Excess Reserves, Surpassing $1 Billion in Operational Profits
NEWS Tether’s Q2 Results: $3.3 Billion in Excess Reserves, Surpassing $1 Billion in Operational Profits Stablecoin issuer Tether’s consolidated reserves report for the second quarter of 2023 shows that the company has around $3.3 billion in excess reserves, while profits increased 30% from last quarter to over $1 billion. The report, which was attested by accounting firm […]
Bitcoin Whale Michael Saylor Might Buy a Lot More BTC
NEWS Bitcoin Whale Michael Saylor Might Buy a Lot More BTC MicroStrategy plans to sell up to $750 million of stock, possibly to acquire BTC. The price of bitcoin rose following the announcement. MicroStrategy, the software developer that’s amassed a giant bitcoin (BTC) stash in recent years, may raise up to $750 million by selling […]
Crypto Markets Start Year on Positive Note After Horrendous 2022
NEWS Crypto Markets Start Year on Positive Note After Horrendous 2022 The governance token of the Lido decentralized autonomous organization surged 26% so far in 2023, while bitcoin and ether have held steady after last year’s steep losses. Some 142 assets of 163 assets in the CoinDesk Market Index are trading higher in the new […]
Ethereum in 2023: Here’s What to Look Forward To Staked ETH withdrawals, scalability and more cool events are on the horizon for Ethereum.
NEWS Ethereum in 2023: Here’s What to Look Forward To Staked ether withdrawals are imminent This will be the most pressing issue that Ethereum developers will tackle. After September’s Merge, when Ethereum switched its consensus mechanism to proof-of-stake (PoS), the network began to use validators instead of miners to approve and add blocks to the Ethereum blockchain. Prior to […]
World Economic Forum Says Crypto and Blockchain Technologies Will Continue to be an “Integral” Part of Modern Economy
NEWS World Economic Forum Says Crypto and Blockchain Technologies Will Continue to be an “Integral” Part of Modern Economy The World Economic Forum (WEF) believes the technology underpinning cryptocurrencies and digital assets will continue to be an “integral” part of the modern economy. In a Monday blog post, the international organization talked about what the future holds […]
Customers who trusted crypto giant FTX may be left with nothing
NEWS Customers who trusted crypto giant FTX may be left with nothing New YorkCNN Business — As the dust settles from one of the most shocking financial implosions in history, one of the key unknowns is how much customers who can’t access their money expect to get back from FTX, the crypto exchange that filed for bankruptcy […]
5 Lessons to Learn From the FTX Collapse
NEWS 5 Lessons to Learn From the FTX Collapse 1. Crypto Does Not Change Human Nature For all the talk of uprooting the establishment, crypto has re-affirmed the human desire to make a quick buck through whatever means necessary. FTX is just the latest in a long line of crypto scandals from Mount Gox to […]
Crypto and Payments Firm MobileCoin Launches Stablecoin – ‘Electronic Dollars’
NEWS Crypto and Payments Firm MobileCoin Launches Stablecoin – ‘Electronic Dollars’ Privacy-focused cryptocurrency and payments firm MobileCoin, in collaboration with stablecoin platform Reserve, has launched a stablecoin dubbed “Electronic Dollars” (eUSD). The company says eUSD is fully collateralized and is uniquely designed to protect users’ private transactional data. According to MobileCoin, eUSD is backed by a […]
Crypto Investment Firm Blockwater Technologies Defaults on DeFi Loan
NEWS Crypto Investment Firm Blockwater Technologies Defaults on DeFi Loan Bitcoin rallied the most since July, breaking out of the narrowest trading range in about two years, as a drop in the dollar renewed demand for battered risk assets worldwide. The largest cryptocurrency by market value advanced as much as 10.1% to $21,341 as of […]