Author: Mohammed Ali

Article written by Mohammed Ali

Hashdex proposes a Bitcoin and Ethereum ETF to the SEC

June 20, 2024 2 mins read

Hashdex, an asset management firm, has submitted a proposal to the US Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) that merges spot Bitcoin (BTC) and Ethereum (ETH). The Hashdex Nasdaq Crypto Index US ETF seeks to offer investors direct exposure to the top two cryptocurrencies, representing a notable step towards incorporating crypto assets into conventional financial markets. The ETF’s portfolio will be comprised primarily of Bitcoin

Donald Trump vows to ensure that the future of crypto and Bitcoin will be made in the USA

May 26, 2024 1 min read

Today, Donald J. Trump tweeted, “I am very positive and open minded to crypto companies and all things related to this new and growing industry,” as both sides in the presidential election appear to be courting pro-crypto voters. “Our country must be the leader in the field, there is no second place,” Trump wrote on Truth Social before speaking at the Libertarian National Convention in Washington, D.C., today. On the

ConstitutionDAO’s PEOPLE surges by over 25% in the last 24 hours

May 25, 2024 1 min read

The price of PEOPLE, the token associated with the disbanded ConstitutionDAO, has seen a significant rise of 25% in the last 24 hours. Currently trading at $0.095, the token boasts a market cap exceeding $480 million. This unexpected surge comes despite the DAO itself dissolving in November 2021 after failing to win a rare copy of the U.S. Constitution at auction. A Brief History of ConstitutionDAO Formed in late 2021,

Ripple and the SEC reach the final stage of their legal battle, with the court set to decide on key issues

May 21, 2024 2 mins read

Ripple Labs and the SEC are at a key point in their legal battle. The SEC’s latest court brief is the last statement before Southern District of New York Judge Analisa Torres resolves this important case’s remedies. The SEC responded to Ripple’s request to seal financial papers and other evidence in a detailed reply on May 20, 2024. The SEC strongly opposes Ripple’s move to withhold financial facts and contractual

Coinbase exchange consumers are frustrated with its frequent disruptions

May 15, 2024 1 min read

Coinbase exchange consumers are frustrated with its frequent disruptions. Borovik’s statement mirrors a prevalent sentiment: Coinbase’s customers anticipate greater dependability. In March, when Bitcoin was at record highs, some users’ account balances were presented as zero, prompting panic. The event was soon fixed and restricted to display faults, but it damaged user confidence. The February downtime, induced by a traffic increase when Bitcoin reached $60,000, led many users to experience

JP Morgan and Wells Fargo reveal investments in Bitcoin ETFs, signaling growing bank interest

May 13, 2024 1 min read

JP Morgan and Wells Fargo recently disclosed their stakes in Bitcoin ETFs, showcasing the growing acceptance of the cryptocurrency by well-established financial organizations. On May 10, prominent financial institutions revealed these assets in their 13F filings, demonstrating a consistent pattern of embracing Bitcoin. JP Morgan allocated a total of $731,246 towards various Bitcoin exchange-traded funds (ETFs), including a specific investment of $477,425 in BlackRock’s IBIT. Wells Fargo acquired $141,817 worth

THORChain’s native token, RUNE, surges by over 15% in the past 24 hours to $6.10

May 9, 2024 1 min read

While the global crypto market is falling, THORChain, the liquidity protocol native token RUNE, rose 15% in 24 hours from $5.35 to $6.10, ranking first. Trading between $4.95 and $5.54 all week, the token was stable. RUNE bulls recovered impetus as crypto market volatility increased and large-cap altcoins grabbed the decline, pushing its price up 21% in seven days. A 39% fall to $4.39 followed RUNE’s failure to break the

Mantle (MNT) surges over 40% in the last 24 hours, hitting new all-time highs

March 28, 2024 1 min read

Mantle (MNT) is a blockchain operating at Layer 2 (L2) that has had a significant increase of 40% during the last 24 hours, hitting its highest value ever at $1.49. Mantle Network functions as a scaling solution for Ethereum Virtual Machine (EVM) that is compatible with Optimistic rollups, enabling speedy and economical transactions. The modular architecture of the system integrates Optimistic rollups with a distinct data availability layer, resulting in

The US SEC considers classifying Ethereum as security; probes into Foundation intensify

March 21, 2024 1 min read

The US SEC is considering labeling Ethereum (ETH) as a security token, following a report by Fortune. Meanwhile, investigations are targeting the Ethereum Foundation for alleged illegal actions. According to CoinDesk, the Foundation received a confidential inquiry from an unknown regulatory authority, but the details remain under wraps. Additionally, online investigator Boringsleuth hinted at the Foundation’s involvement in the 2016 Gatecoin hack on X, where 185,000 Ethereum and 250 Bitcoin

Grayscale pushes for the first spot in Ethereum ETF despite facing regulatory hurdles

March 18, 2024 1 min read

Grayscale intends to introduce a spot Ethereum ETF and has submitted an updated application to the US Securities and Exchange Commission (SEC). The company contends that the triumph of Ethereum futures ETFs bolsters the argument for a direct Ethereum ETF. The objective of Grayscale’s proposal is to transform its Ethereum Trust into an Exchange-Traded Fund (ETF) that may be traded on NYSE Arca. The company then presents the SEC’s previous

Ethereum announces Dencun upgrade is officially live on all testnets

February 29, 2024 1 min read

The Ethereum Foundation has announced that the Dencun network upgrade is set to go live on the Ethereum mainnet on March 13, 2024. The upgrade, which follows the Shapella upgrade, includes major changes to both the consensus and execution layers of Ethereum Network, detailed in EIP-7569. Some important changes to the protocol include: EIP-1153 for transient storage opcodes, EIP-4788 for beacon block root in the EVM, EIP-4844 for shard blob

Worldcoin (WLD) surges as Bitcoin leads market surge

February 20, 2024 1 min read

Worldcoin (WLD) has seen a 20% increase in value in a single day, following the upward trend of the market as a whole. The crypto market was primarily driven by Bitcoin (BTC) and Ethereum (ETH). Following this, a crypto whale profited from Worldcoin’s rise by transferring 2.09 million WLD tokens from Binance, making a profit of about $2.5 million and demonstrating the high-reward potential present in the erratic crypto market.