Author: Mahamat Ashraf

Article written by Mahamat Ashraf

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

IBIT and FBTC Bitcoin ETFs become top picks at BlackRock and Fidelity in record time

March 25, 2024 1 min read

BlackRock and Fidelity Investments have reached a significant achievement with their Bitcoin ETFs, IBIT and FBTC, becoming the leading options in their investment portfolio in less than 50 days. Despite overseeing a diverse portfolio of 420 ETFs, IBIT was responsible for more than 50% of BlackRock’s yearly net inflows. In the same way, FBTC had the highest amount of money coming into Fidelity, garnering five times more capital than any

Fantom (FTM) surges by over 120% within a month

March 21, 2024 1 min read

Fantom (FTM) has shown resilience and solidified its position as a top player in the industry, despite the downturn caused by Bitcoin’s (BTC) recent drop below the $61,000 threshold. Over the past 24 hours, FTM has reached a 12-year high of $1.08, marking a 120% surge within a month. Currently trading at $0.9386, FTM has seen an impressive 11% surge, with a trading volume of $1 billion and a market

Over $700 million of short and long positions get liquidated as Bitcoin fell below $67,000

March 15, 2024 1 min read

Bitcoin’s price has experienced a significant correction, trading below $67,000, a 8.9% drop in the last 24 hours. This has led to massive liquidations, with over $700 million long positions being liquidated. According to Coinglass, over $530 million in longs and $140 million in short positions have been liquidated, with $220 million in BTC longs being liquidated. Most liquidations occurred on Binance and OKX exchanges, with $248 million and $236

Ethereum crosses $4K after surging by over 5%

March 8, 2024 0 mins read

Ethereum’s price has risen 4.92% in the past 24 hours to $4,003, with a 17.0% increase over the past week. The second-largest crypto by market cap has an all-time high is $4,878.26, which means the coin has a long way to go before hitting a new ATH. Additionally, the chart compares price movement and volatility over the past 24 hours and week, using Bollinger Bands to measure volatility. Furthermore, trading

Binance to transfer large amount of Bitcoin (BTC) to another address as part of its wallet maintenance

March 5, 2024 1 min read

Binance, the world’s leading crypto exchange, has issued a warning about large-scale Bitcoin transfers due to routine wallet maintenance. The exchange said it will be moving a significant amount of BTC to another address within its network. While announcing the move, the exchange reassured users that these transactions are part of internal operations and not indicative of any outward flow of funds. The crypto exchange has taken the proactive step