Ethereum

Ripple requests a delay on its $125M fine as its legal battle with the SEC continues

September 6, 2024 1 min read

Ripple Labs has formally requested a postponement of the $125 million penalty levied by the US Securities and Exchange Commission (SEC) in the ongoing legal conflict with the business. The business anticipates that the Southern District Court of New York will take action on this motion before the payment deadline of September 6. Ripple’s request entails depositing the fine into an escrow account, where the monies will be held until

Rocko, A New Marketplace for Crypto-Backed Loans, is Officially Live

September 5, 2024 4 mins read

Rocko, a new marketplace for accessing the best crypto-backed loans, has officially launched. Crypto owners can now use Rocko to quickly secure loans using their crypto assets as collateral, avoiding the need to sell their holdings. Users can access competitive rates from leading DeFi protocols — starting with Compound — and set up a loan within minutes, regardless of their level of expertise. DeFi lending protocols like Compound and Aave

South Korea’s FSS plans to inspect korean-won-based and other crypto exchanges for illicit activities

September 3, 2024 1 min read

In 2024, there has been a significant increase in activity within the global crypto regulatory industry, as prominent countries such as the US and UK have implemented new strategies. The Financial Supervisory Services (FSS) of South Korea has declared its intention to conduct inspections on two cryptocurrency exchange platforms, including Upbit, Bithumb, Coinone, Gopax, and Korbit, which are all domiciled in South Korea and operate using the Korean Won currency.

Bitcoin and ether fall sharply as U.S. stocks post large losses

September 3, 2024 1 min read

Today, there was a significant decline in the value of cryptocurrencies. Bitcoin (BTC) had a 1.5% decrease, reaching $57,800, while Ethereum (ETH) dropped by 3% to $2,442, marking its lowest point since early February. Simultaneously, there was a notable decrease in stock prices, with the Nasdaq experiencing a 2.4% dip and the S&P 500 falling by 1.5%. The August ISM Manufacturing PMI survey indicated a sustained decline, as new orders

Vitalik Buterin dismisses fears about Ethereum Layer-2 fund security

September 2, 2024 1 min read

Vitalik Buterin, the co-founder of Ethereum, has denied allegations that the network’s Layer-2 (L2) solutions carry a potential danger of confiscating users’ cash. He asserts that these solutions do not have the power to unilaterally remove assets. This follows recent debates on social media regarding the security of Ethereum’s Layer 2 (L2) networks, with a specific focus on platform X. Justin Bons, the founder and Chief Investment Officer (CIO) of

Bitcoin price dips to around $57k in the last 24 hours

September 2, 2024 1 min read

The cryptocurrency market has seen a period of decline, characterized by substantial decreases in the price of Bitcoin. The market has experienced significant turbulence, with altcoins exhibiting high levels of volatility and transitioning into a negative trend. Bitcoin (BTC) initiated a decline on August 30th, as prices had difficulties in maintaining the $60,000 level. On September 1, it was trading at levels around $58,000 and experienced an additional decrease of

Users Panic As Whale Sends 90K ETH to Binance in the Last 24 Hours

September 2, 2024 1 min read

A crypto address presumed to be owned by the ARB Foundation, a non-profit organization that supports those facing depression, has substantially transferred ETH to the Binance crypto exchange, causing apprehension within the crypto community. In the final hours of August, a sum of 60,000 ETH valued at around $150.33 million was transferred to Binance. The current deposit of ETH has raised the total transferred amount to Binance to 90,000 ETH,

Vitalik Buterin moves 800 ETH worth over $2 million to a multi-sig wallet

September 2, 2024 1 min read

Vitalik Buterin, the co-founder of Ethereum, has allegedly moved Ethereum (ETH) valued at $800 million to a multi-signature wallet, generating curiosity among the cryptocurrency community. The recent transfer occurred a few hours ago and was accompanied by an exchange of 190 ETH for $477,000 USDC stablecoin, indicating the implementation of techniques for managing liquidity. Nevertheless, Buterin’s recent transactions are not solitary, since a substantial sum of 3,000 ETH, valued at

Vitalik Buterin clarifies ETH sales were for projects and charity, not profit

August 31, 2024 1 min read

Ethereum co-founder Vitalik Buterin has denied selling Ether for personal gain, stating that his transactions were not driven by personal gain but to support Web3 projects and charitable initiatives. He has reduced his ETH holdings by 85K ETH ($209M) in three years, as per on-chain analytics firm Lookonchain. Buterin’s statement aims to emphasize his commitment to using his resources for important causes rather than personal enrichment. He has also addressed

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

Ethereum co-founder Vitalik Buterin warns of growing threats to privacy and freedom

August 26, 2024 1 min read

Vitalik Buterin, the co-founders of Ethereum, has expressed worries on the emergence of potential dangers that could jeopardize technological liberties and fundamental principles of cryptocurrencies. He highlighted the escalating political scrutiny faced by encrypted messaging services, centralized identity systems, vulnerable operating systems, and the expanding authority of influential social media platforms and governments to suppress and exclude individuals globally. The increasing political scrutiny on encrypted messaging platforms is a fundamental

Bitcoin ETFs see a $252 million inflow, signaling strong investor confidence

August 25, 2024 1 min read

Significant changes occurred in the U.S. exchange-traded funds (ETFs) market on August 23, 2024, specifically with Bitcoin (BTC) and Ethereum (ETH). Bitcoin ETFs experienced a substantial influx of $252 million, indicating a rise in investor enthusiasm, while Ethereum ETFs encountered an outflow of $5.7 million, underscoring the difficulties faced by this particular cryptocurrency. The iShares Bitcoin Trust, managed by BlackRock, attracted a significant investment of $86.8 million, making it the