Author: Mahamat Ashraf

Article written by Mahamat Ashraf

US SEC Chair Gary Gensler reports smooth progress in approving Ethereum ETFs

June 26, 2024 1 min read

At the Bloomberg Invest Summit in New York, Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), stated that the Ethereum ETF applications are being approved without any major issues. However, he did not provide a specific timeline for when these ETFs will begin trading. Gensler underscored the necessity for asset managers to provide accurate and comprehensive disclosures prior to initiating a project. Prior to this, Gensler

Tether (USDT) to invest $1B in AI and Biotech sectors

June 12, 2024 1 min read

Over the course of the next year, Tether Holdings Inc., the stablecoin powerhouse that is responsible for USDT, has said that it intends to invest more than $1 billion in the fields of artificial intelligence and biotechnology. Paolo Ardoino, the CEO of the company, is in charge of the investment arm of the company, which intends to make investments in a variety of industries, including data, finance, and neural implants.

Ark Invest sells 323,801 Robinhood shares, spread throughout its three funds

June 12, 2024 1 min read

Cathie Wood’s Ark Invest carried out a significant sale of Robinhood Markets Inc. (HOOD) on June 10, 2024. This was done in spite of the fact that the crypto exchange had recently bought Bitstamp. More than $7.5 million in revenue was earned by the company as a result of the selling of HOOD shares, which led to a considerable decrease in the stock price. A total of 323,801 shares were

Fidelity’s FBTC leads a surge as US spot Bitcoin ETFs attract $105 million in daily inflows

June 5, 2024 1 min read

Fidelity’s FBTC was the top recipient of $105 million in inflows for the US spot Bitcoin ETF on June 3, 2024. These Exchange-Traded Funds (ETFs) have had 15 consecutive days of capital inflows, suggesting strong investor interest. As of June 3, SoSoValue has reported $13.96 billion in net inflows from 11 Bitcoin ETFs licensed in the United States. Within the last 24 hours, a total of $105 million was allocated

Kabosu, the Shiba Inu behind Dogecoin and the Doge meme, passed away peacefully

May 24, 2024 1 min read

Kabosu, the Shiba Inu behind Dogecoin and the Doge meme, died quietly, causing a massive crypto community response. Kabosu, the Shiba Inu that inspired Doge and Dogecoin, died quietly Friday. Kabosu died in her sleep, providing millions of people pleasure and influencing online culture, according to her owner, Atsuko Sato. Kabosu, a rescue dog, was famed for her expression. Her viral picture inspired Dogecoin (DOGE), a joke that became a

The US SEC has asked Nasdaq and Cboe to revise their Ethereum ETF proposals

May 23, 2024 1 min read

Nasdaq and Cboe have been urged by the US SEC to alter their spot Ethereum ETF plans. This request is vital to the regulatory review process and shows the SEC’s commitment to ensuring certain financial products fulfill requirements. Grayscale, BlackRock, Vaneck, 21Shares, Ark Invest, Hashdex, Invesco, Galaxy, Fidelity, Franklin Templeton, and Bitwise await SEC approval of their ETF applications. Market speculation has grown, with Bloomberg experts like James Seyffart upping

Tether announces a new P2P financial markets terminal using Holepunch technology

May 19, 2024 2 mins read

Tether’s Holepunch-powered peer-to-peer (P2P) financial markets terminal will eliminate middlemen and transform financial market data. CEO Paolo Ardoino said the corporation will spend heavily in this endeavor to make a difference. However, product details are still missing. Tether CEO Paolo Ardoino said on X that the business would substantially invest in this new P2P financial markets terminal. To emulate USDT’s financial market success, eliminate monopolistic middlemen. Ardoino stated, “Any exchange

Argentina taps stranded gas for pioneering Bitcoin mining facility

May 9, 2024 1 min read

Genesis Digital Assets Limited (GDA), a prominent global leader in Bitcoin mining, has collaborated with YPF Luz, a subsidiary of Argentina’s state-owned energy firm YPF, to establish an exceptional Bitcoin mining facility. This plant utilizes oil field gas that is generated during drilling but remains unused due to economic or logistical constraints. This initiative, located near Rincón de Los Sauces, within the Neuquén Province, utilizes waste materials to generate electrical

Binance founder CZ Zhao faces up to 3 years in prison as the company’s growth soars

May 6, 2024 2 mins read

The sentencing of Binance founder Changpeng Zhao, known as CZ, was scheduled for Tuesday, April 30th. In November of last year, he confessed to breaching U.S. anti-money laundering laws. The duration of his sentence is likely to be three years. Prosecutors are seeking a severe sentence due to Zhao’s inadequate adherence to regulations. Zhao is well-known for advocating the idea of “seeking forgiveness rather than permission.” Zhao has the potential

Solana experiences high volatility, including large transaction failures and scam projects

April 29, 2024 1 min read

Solana (SOL) is experiencing praise and critique as it experiences extreme highs and lows. Despite successes, the ecosystem faces hurdles and constant inspection, bringing acclaim and criticism. Despite Solana’s $2 billion trading volume in April, the network had a 72% transaction failure rate, worrying investors and experts. A new meme currency dubbed CoolCoin (COOL) has joined the fray, only to be affected by fraud. Lookonchain, an on-chain analytics startup, reports

Bitcoin (BTC) dominance hits 3-year high as BTC price dip pressures altcoins

April 13, 2024 1 min read

The price of Bitcoin (BTC) had a significant decline over the weekend, triggered by a series of liquidations, causing BTC to drop below $65,300. Altcoins had more unfavorable conditions, as a significant number of the top twenty cryptocurrencies witnessed a decline of over 15%. As a result, altcoins lost their part of the cryptocurrency market to Bitcoin, making the recent highs the most dominated by Bitcoin since April 2021. Bagsy,

Bitwise seeks UK SEC approval for Ethereum ETF

March 31, 2024 1 min read

Bitwise has submitted an application for an Ethereum Exchange-Traded Fund (ETF) after achieving favorable results with its Bitcoin ETF. The application incorporates a correlation study between ETH and BTC, with the objective of presenting evidence to the SEC that an Ethereum ETF should be granted permission based on shared characteristics in market dynamics. Bitwise is diversifying its investment portfolio by entering the Ethereum market with the introduction of the Bitwise