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BlackRock Takes Steps Toward Ethereum Investment with Spot ETF Filing
6 months ago 1 min read

BlackRock Submits Spot Ethereum ETF Filing to SEC

BlackRock, the largest asset manager globally, has officially submitted an application for a spot Ethereum exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC). The proposed ETF, named iShares Ethereum Trust, aims to track the overall performance of the price of ether, according to the Form S-1 filed by iShares on Wednesday. This filing comes a week after BlackRock registered the iShares Ethereum Trust entity with the Delaware Department of State Division of Corporations. Nasdaq also filed for the proposed ETF shortly afterward, confirming BlackRock’s involvement in developing a spot Ether ETF. For the custody of its proposed

Avalanche (AVAX) has experienced an impressive surge of over 29% in the past 24 hours
6 months ago 1 min read

Avalanche (AVAX) surges by over 29%

Avalanche (AVAX) has experienced an impressive surge of over 29% in the past 24 hours, reaching a high of $24, marking its peak in 15 months. This significant resurgence in Avalanche’s price has been due to a recent collaboration announcement between Onyx, JPMorgan, and Apollo Global. This collaboration is part of Project Guardian, which aims to integrate LayerZero Labs, connecting Onyx with a permissioned Avalanche Evergreen Subnet. The primary goal is to streamline fund subscriptions and redemptions for WisdomTree Prime, representing a substantial step forward in reshaping the asset and wealth management industry. The successful test conducted by Onyx and

New York Enforces Tighter Rules on Crypto Listings
6 months ago 1 min read

New York Implements Stricter Crypto Listing Rules for Enhanced Investor Protection

The New York State Department of Financial Services (NYDFS) has introduced new regulations impacting big crypto players like Circle, Gemini, and PayPal. Effective November 15, crypto companies must seek NYDFS authorization for listing and delisting coins to enhance investor protection. The NYDFS will evaluate firm policies against elevated risk assessment criteria, considering factors like technology, operations, and cybersecurity. All licensed digital currency enterprises in New York are required to adhere to these regulations, following public feedback solicited since September. Notably, firms with pre-approved policies, including Circle, Gemini, Fidelity, Robinhood, and PayPal, must now obtain new approvals. Following an initial discussion

GameStop Memes Surges Past Cardano and Polygon in Crypto Race
6 months ago 4 mins read

GameStop Memes Surges Past Cardano and Polygon in Crypto Race

GameStop Memes (GSM) emerges as a sensational disruptor, redefining the essence of digital assets. This intriguing newcomer has taken the market by storm, raising an eye-popping $2 million in a mere 24 hours of its presale, a feat that sets it apart from established giants like Cardano and Polygon. As we delve into this fascinating crypto landscape, GameStop Memes (GSM) stands as a beacon of potential, promising not just gains but a revolution in how we perceive and engage with meme coins. In this article, we’ll explore the unique allure of GSM and how it contrasts with the steady, yet

GameStop Memes are Supercharging the 2023 Crypto Wave
6 months ago 4 mins read

Solana, Filecoin, and GameStop Memes are Supercharging the 2023 Crypto Wave

As the crypto landscape evolves, investors seek the next big opportunity to maximize returns. This comparative article dissects three potential game-changers in 2024: Solana, Filecoin, and the unconventional GameStop Memes (GSM). Each presents a unique proposition in the crypto sphere, blending innovation and community engagement. But which holds the key to the most promising investment? Let’s unravel the intricacies. Solana: Where Speed Meets Scalability Solana’s ascendancy in the crypto arena is grounded in its mission to overcome the scalability challenges prevalent in blockchain networks. Its Proof of History (PoH) consensus mechanism timestamps transactions before inclusion in a block, enabling parallel

Paxos Introduces USD-Backed Token in Singapore
6 months ago 1 min read

Paxos Set to Launch USD-Backed Stablecoin in Singapore

Crypto company Paxos is expanding its presence by forming a new entity, Paxos Digital Singapore Pte. Ltd., to launch a USD-backed stablecoin in Singapore. The Monetary Authority of Singapore has granted in-principle approval for this initiative. Paxos plans to comply with Singapore’s stablecoin regulatory framework and issue a stablecoin in line with the regulatory amendments. Paxos is one of the two companies, alongside StraitsX, to receive approval from MAS for this venture. The move allows Paxos to extend its stablecoin offerings globally, building on its success with USDP in the United States. The new Singapore entity aims to ensure regulatory

dYdX Token (DYDX) Surges Over 20% Ahead of Massive Unlock
6 months ago 1 min read

dYdX (DYDX) Token Surges 20% Ahead of Massive Unlock Event

The native token of the dYdX chain, DYDX/USD, has experienced a significant surge, witnessing a value increase of over 20% in the last 24 hours. This surge comes as the market anticipates a substantial token unlock date for early investors and core team members, scheduled in just 16 days. dYdX, originally a decentralized exchange (DEX), has recently expanded its operational scope by launching its own layer-1 blockchain, leveraging Cosmos technology. This strategic move has introduced a new rewards system where validators earn a share of trading revenues for sustaining the network. Over the past month, DYDX’s price has more than

Binance Japan has announced the inclusion of 13 new tokens on its platform for Japanese users, scheduled for November 27.
6 months ago 1 min read

Binance Japan lists $HBAR, $NEAR, $ARB, $OP, $GRT, $IMX, $RNDR, $MANA, $EOS, $GALA, $APE, $KLAY, and $LSK

Binance Japan has announced the inclusion of 13 new tokens on its platform for Japanese users, scheduled for November 27. This move will bring the total number of tokens on the exchange to 47, solidifying its position as a major cryptocurrency platform in the country. Among the newly added tokens are well-known protocols like Near Protocol (NEAR), Optimism (OP), and Arbitrum (ARB). The inclusion of these assets enhances the diversity of Binance Japan’s token offerings, catering to the preferences of a wide range of users. The list of added tokens includes $HBAR, $NEAR, $ARB, $OP, $GRT, $IMX, $RNDR, $MANA, $EOS,

Kazakhstan has officially introduced its central bank digital currency (CBDC)
6 months ago 1 min read

Kazakhstan introduces its central bank digital currency (CBDC), known as the ‘digital tenge

Kazakhstan has officially introduced its central bank digital currency (CBDC), known as the ‘digital tenge.’ The first-ever transaction using this digital currency took place on November 15, orchestrated by Binur Zhalenov, the chairman of Kazakhstan’s National Payment Corporation. Zhalenov utilized a debit card linked to a CBDC account for this historic purchase in Almaty, marking the official entry of the digital tenge into the retail market. With significant developments planned for 2024, including interoperability with global payment systems like Visa and Mastercard, the digital tenge is positioned to be accessible worldwide through digital wallets such as Apple Pay and Samsung

Solana (SOL) Price Surges Over 46% in the Last 7 Days
6 months ago 1 min read

Solana (SOL) Price Surges By Over 46% in the Last 7 Days

In a recent surge, Solana’s native token, SOL, has experienced a significant uptick, climbing by over 46% in the last 7 days. This builds on an impressive trend, with SOL marking a 46% increase over the past week and a remarkable 160% surge in the last month. As of now, SOL is priced at around $63, reflecting the bullish sentiment surrounding the cryptocurrency. One contributing factor to SOL’s positive valuation is the overall bullish condition prevailing in the cryptocurrency market. Notably, major players like Bitcoin (BTC) and Ethereum (ETH) have also reached yearly peaks, indicating a broader upward trend. The

The ORDI price exhibited an impressive parabolic rise from the start of November, witnessing a staggering 365% increase in just 10 days.
6 months ago 1 min read

ORDI Token Price Surges Above $22

The price of ORDI experienced a remarkable surge, coming close to establishing a new all-time high on November 15. Although a slight dip followed, the price managed to find support around the $20 mark, prompting speculation about the possibility of reaching new peaks. The ORDI price exhibited an impressive parabolic rise from the start of November, witnessing a staggering 365% increase in just 10 days. This surge culminated in a peak of $22.82 on November 15. This surge led to a significant breakout above the $20 horizontal resistance area, which is considered the final barrier, before retesting the all-time high

BlackRock Cautions Investors About Stablecoin Risks in Proposed Bitcoin ETF
6 months ago 1 min read

USDT & USDC Stablecoins Put Bitcoin At Risk, Warns BlackRock

BlackRock is raising concerns about the potential risks associated with stablecoins. This comes in light of its plans for the iShares Bitcoin spot exchange-traded fund (ETF). Despite BlackRock’s active involvement in the crypto space, it is now drawing attention to the impact of stablecoin price fluctuations on the performance of its proposed Bitcoin ETF. Stablecoins like Tether USD (USDT) and Circle USD (USDC), designed to maintain a value equivalent to a specific asset or currency, are specifically highlighted. The asset manager expresses worry about the potential instability of stablecoins, citing past events that demonstrated significant price movements. It specifically mentions

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