Business News
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Ethereum ETFs Disappoint on Second Day of Trading with Net Outflows
The debut of Ethereum exchange-traded funds (ETFs) in the US market this week led to substantial shifts. Grayscale’s Ethereum Trust…
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Spot Ether ETFs Begin Trading with Strong Inflows Despite Grayscale Outflows
The U.S. debut of spot Ethereum exchange-traded funds (ETFs) saw notable net inflows of $106.6 million on their first trading…
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XRP Tumbles as SEC Cancels Meeting with Ripple Execs
In mid-July, the cryptocurrency XRP witnessed a dramatic surge in value, rising by over 53% at its peak, achieving a…
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State Street Expands into Blockchain with Plans for a New Stablecoin
State Street, a leading financial institution based in Boston, is advancing its blockchain strategy by developing its own stablecoin. The…
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BitMEX Dismisses Renewed DOJ Charges as “Old News”
Cryptocurrency exchange BitMEX has been charged again by the U.S. Department of Justice (DOJ) for violations of the Bank Secrecy…
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Spot Ethereum ETFs Poised for Launch as SEC Nears Final Approvals
The launch of several spot Ethereum ETFs is nearing fruition, with the U.S. Securities and Exchange Commission (SEC) and issuers…
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Dubai Customs Advances Trade Efficiency with New Blockchain Platform
In an ambitious move to fortify its status as a global trade hub, Dubai Customs introduced a cutting-edge blockchain platform…
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Mt. Gox Begins Long-Awaited Crypto Repayments Amid Market Tumult
Mt. Gox, the once-dominant crypto exchange, has commenced the distribution of Bitcoin (BTC) and Bitcoin Cash (BCH) to its creditors,…
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Circle Secures First E-Money License Under EU’s MiCA Regulations
Circle, a leading player in the cryptocurrency space, achieved a groundbreaking milestone on July 1 by becoming the first global…
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Sony Enters Cryptocurrency Market with Strategic Acquisition
Sony Group has made a decisive move into the cryptocurrency exchange market by acquiring Amber Japan, a move that positions…
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Mt. Gox’s Repayment Plan Spurs Panic, But Long-Term Effects Likely Minimal
The announcement from the trustees of the defunct Mt. Gox exchange about starting repayments in July 2024 initially sent shockwaves…
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Ripple Fights SEC’s $2 Billion Fine, Using Recent Terraform Labs Ruling
Ripple Labs is vigorously contesting a $2 billion fine requested by the US Securities and Exchange Commission (SEC), branding the…
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SEC Reviews ProShares’ Spot Ethereum ETF Proposal
The US Securities and Exchange Commission (SEC) is now reviewing an application for a spot Ether (ETH) exchange-traded fund (ETF)…
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Kraken Eyes $100 Million Fundraising Before IPO
Kraken, the prominent US-based crypto exchange, is reportedly planning to raise $100 million by the end of the year in…
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Ethereum’s Future: A Bold $22,000 Prediction by 2030
In a bold prediction, VanEck, a leading asset manager, forecasts that Ethereum (ETH) will soar to $22,000 per coin by…
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FTX Reaches Agreement to Settle $24B IRS Tax Claims For $200M
FTX, the bankrupt cryptocurrency exchange, has secured a tentative settlement with the Internal Revenue Service (IRS) over a significant $24…
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Coinbase Makes Another $25 Million Donation to Super PAC Fairshake
In a move to solidify its influence in U.S. politics, crypto exchange Coinbase has donated $25 million to the Super…
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Garlinghouse Forecasts Inevitable XRP ETF After ETH
As the cryptocurrency landscape evolves, Ripple CEO Brad Garlinghouse has made a bold prediction: the inevitability of an XRP exchange-traded…
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PayPal Chooses Solana for its Stablecoin’s Expansion
PayPal has officially expanded its US dollar stablecoin, PYUSD, to the Solana blockchain, a move set to streamline stablecoin transactions…
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BlackRock’s Bitcoin ETF Surpasses Grayscale’s GBTC
BlackRock’s iShares Bitcoin Trust (IBIT) has officially surpassed the Grayscale Bitcoin Trust (GBTC) to become the world’s largest spot Bitcoin…
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US SEC Approves Eight Ethereum ETFs, But Trading Won’t Start Right Away
In a groundbreaking decision, the U.S. Securities and Exchange Commission (SEC) has approved eight Ethereum ETFs. This development follows the…
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Ethereum Price Surges as ETF Approval Odds Increase
Ethereum prices experienced a dramatic increase following heightened anticipation of a spot Ethereum ETF approval by the U.S. Securities and…
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Kraken Maintains USDT Listing in Europe Amid Regulatory Uncertainty
Kraken, a major player in the cryptocurrency exchange market, remains committed to supporting Tether’s USD stablecoin (USDT) in Europe, despite…
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Michael Novogratz Puts Bitcoin In a Consolidation Phase
Michael Novogratz, CEO of Galaxy Digital, has outlined a steady trading range for Bitcoin, suggesting a period of consolidation for…
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Ripple Joins DeRec Alliance to Enhance Secret Management
Ripple, a major player in the cryptocurrency space, has joined forces with Algorand and Hedera to form the Decentralized Recovery…
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Heavyweight Asset Manager Discloses $1.3 Billion Investment in Bitcoin ETFs
In a bold expansion of its investment portfolio, Susquehanna International Group has revealed a $1.3 billion investment in multiple spot…
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FTX’s Bold Plan for Creditor Reimbursement Offers Over 100% Return
FTX, the cryptocurrency exchange that collapsed in 2022, has unveiled a comprehensive reorganization plan aimed at reimbursing its creditors. Under…
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SEC Delays Decision on Galaxy’s Ethereum ETF Amid Regulatory Scrutiny
The U.S. Securities and Exchange Commission (SEC) has once again postponed its verdict on the much-awaited Ethereum exchange-traded funds (ETFs),…
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Australia Prepares to Embrace Bitcoin ETFs Amid Global Crypto Surge
Australia’s main stock exchange, the Australian Securities Exchange (ASX), is gearing up to introduce spot Bitcoin exchange-traded funds (ETFs), following…
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Binance Launches Megadrop to Elevate User Engagement
In a significant expansion of its cryptocurrency offerings, Binance has unveiled the Binance Megadrop, a novel platform designed to redefine…
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Bitcoin Supply on Exchanges Could Dry Up in 9 Months According to Bybit
The forthcoming Bitcoin halving event, slated to reduce supply issuance by 50%, is anticipated to have significant repercussions on the…
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