Author: Emma Davis

Article written by Emma Davis

BlackRock launches its Ethereum ETF on Brazil’s B3 stock exchange

August 30, 2024 1 min read

BlackRock has introduced its Ethereum Exchange-Traded Fund (ETF) with the ticker symbol ETHA39 on Brazil’s B3 stock exchange. This enables Brazilian investors to gain exposure to Ethereum by investing in Brazilian Depositary Receipts (BDRs). This action represents a noteworthy advancement in the worldwide use of crypto, establishing Brazil as a leader in this emerging phenomenon. ETHA39 is a Brazilian extension of BlackRock’s iShares Ethereum Trust (ETHA) that enables investors in

Nasdaq seeks SEC approval to launch Bitcoin index options

August 28, 2024 1 min read

Nasdaq, a prominent American stock exchange operator, is seeking US regulators’ approval to introduce options based on a Bitcoin index. The suggested Bitcoin Index Options will utilize the CME CF Bitcoin Real-Time Index (BRTI), created by CF Benchmarks. This index follows BTC futures and options contracts on the CME Group’s platform. If authorized, the available choices will encompass European-style exercise and cash settlement. The ultimate settlement value will be determined

Wazirx exchange to allow users to withdraw up to 66% of their INR balances in two phases

August 25, 2024 1 min read

WazirX, an Indian cryptocurrency exchange, has stated that those who are not involved in the platform may intentionally delay its restructuring process to benefit themselves instead of seeking a solution. Following a significant security breach on July 18, resulting in losses of over $230 million and the suspension of withdrawals and trading, WazirX has launched a comprehensive reorganization plan. WazirX believes that restructuring is the most effective and legally valid

Binance Labs invests in 4 top-performing projects from the most recent season of BNB Chain’s Most Valuable Builder

August 22, 2024 2 mins read

Binance Labs, the investment division of Binance, has made investments in four very successful initiatives from the seventh season of BNB Chain’s Most Valuable Builder (MVB) competition. The accelerator program, a joint effort by BNB Chain, Binance Labs, and CMC Labs, seeks to promote expansion within the BNB Chain ecosystem. The chosen projects consist of Aggregata, a platform that integrates AI data, models, and computing seamlessly; Opinion Labs, which constructs

Tether is launching a UAE Dirham-pegged stablecoin, aiming to streamline digital transactions

August 22, 2024 2 mins read

Tether, the entity responsible for developing the USDT stablecoin, plans to launch a new stablecoin that will be tied to the value of the United Arab Emirates Dirham (AED). This initiative is being carried out in partnership with Phoenix Group and Green Acorn Investments. The next stablecoin, which will be tied to the Dirham, will have its value backed by ample liquid reserves held within the UAE. This will guarantee

Solana funds face a record $39 million outflow as investors grow concerned

August 21, 2024 2 mins read

Solana funds experienced a significant outflow of $39 million last week, marking the largest weekly withdrawal on record for the cryptocurrency. Analysts believe this may be due to investor concerns about Solana’s heavy reliance on memecoins, which has raised concerns about the platform’s stability and long-term prospects. CoinShares’ report on digital asset fund flows highlighted these significant outflows, with $37 million coming from the 21Shares Solana ETP and another $2

Tether to Integrate USDT Into the Aptos Network

August 19, 2024 1 min read

Tether has integrated with Aptos blockchain, allowing users to transact with USDT at a lower cost compared to more expensive networks like Ethereum. Aptos, co-founded by former Meta engineers Mo Shaikh and Avery Ching, aims to offer a scalable, efficient, and user-friendly infrastructure for decentralized applications and smart contracts. USDT’s supply has primarily grown in Tron and Ethereum, with current supplies of $60.82 billion and $52.99 billion, respectively. Other networks,

Despite Bitcoin’s Recent Decline Below $59,000, Market Analysts Remain Confident

August 19, 2024 1 min read

Bitcoin failed to regain its $60,000 price tag on Sunday, despite a day prior, as investors drove broader market indices back to record highs. The world’s largest crypto by market capitalization rose to just above $60,330 on Saturday but has since fallen 1.7% to around $58,646, according to CoinMarketCap data. Despite the indecision in crypto, some analysts and investment trading desks remain optimistic for the remainder of the year. QCP

Nigerian authorities move to freeze $38 million in crypto

August 18, 2024 1 min read

The Federal High Court of Nigeria has placed a freeze on around $38 million out of the total $50 million worth of crypto that was delivered to provide financial backing for the protests over the escalating cost of living in the country. The injunction was issued at the request of the Economic and Financial Crimes Commission (EFCC). National Security Adviser Nuhu Ribadu asserted that the government identified the origin of

Justin Sun, the founder of TRON, introduces SunPump, a new meme coin platform

August 18, 2024 1 min read

Justin Sun, the creator of TRON, has introduced SunPump, a platform specifically built to take advantage of the current trend of meme coins. SunPump was introduced on August 13 via Sun.io, enabling users to swiftly and effortlessly generate meme coins, to take advantage of the current fascination with these digital assets. The platform imposes a 20 TRX cost for creating an account and a 1% fee for each trade. It

Bybit exchange gains 10 million new users in less than 90 days

August 16, 2024 1 min read

Bybit, the world’s second-largest crypto exchange by trading volume, has reached 40 million registered users worldwide, solidifying its position as a preferred platform for millions of crypto enthusiasts and traders. The platform has seen a surge of 10 million new users within 90 days, showcasing its ability to meet the evolving needs of the crypto community by providing a secure, reliable, and user-friendly trading environment. Bybit‘s Co-founder and CEO, Ben

US government sends 10,000 BTC Silk Road BTC worth over $590M to Coinbase Prime

August 15, 2024 1 min read

A Bitcoin address that received a transfer of 10,000 BTC from a wallet owned by the US government two weeks ago has now transferred the full amount to a deposit wallet on Coinbase Prime. The Bitcoin sent represents a portion of the crypto confiscated from the now-defunct illicit online marketplace Silk Road, with a value exceeding $592 million. On April 2, the US government transferred 31,800 BTC to a separate