On-chain analytics firm CryptoQuant warned that ETH prices could fluctuate if pending spot Ethereum ETFs encounter uncertainties. It warned that ETH could undergo a “significant price correction” if the SEC denies ETH ETF applications or delays the approval process. Furthermore, high exchange flows could produce ETH price volatility in the coming days. Amid rumors of […]
The post CryptoQuant warns of Ethereum price correction, volatility if ETF approvals waver appeared first on CryptoSlate.
The First District Court of Appeals in Florida has nullified an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US, according to a court filing on May 22. Earlier this year, Florida’s regulator banned Binance.US from serving its residents, citing “immediate danger” to the public as the reason for its decision. […]
The post Florida court overturns Binance.US suspension order appeared first on CryptoSlate.
WisdomTree has received approval from the Financial Conduct Authority to list its physically-backed Bitcoin and Ethereum ETPs on the London Stock Exchange. This approval allows WisdomTree to introduce the WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETPs, targeting the May 28 lifting of UK restrictions. These ETPs, available exclusively to professional investors, have a management […]
The post WisdomTree first to get nod from FCA on spot Bitcoin ETP ahead of multi-product UK launch appeared first on CryptoSlate.
Standard Chartered reaffirmed its projection that Ethereum (ETH) will reach $8,000 by the end of the year, following heightened anticipation of ETF approvals. StanChart’s head of crypto research, Geoffrey Kendrick, said in a note shared with CryptoSlate that recent developments reflect heightened investor optimism and increased market activity. Kendrick’s statement comes after Bloomberg analyst Eric […]
The post StanChart reaffirms Ethereum’s potential to hit $8000 following ETF approval appeared first on CryptoSlate.
Former President Donald Trump has begun accepting crypto donations for his re-election campaign, making him the first US Presidential candidate to adopt digital assets for funding. According to a May 21 statement: “This addition to President Trump’s already groundbreaking digital fundraising operation marks the first time a major party Presidential nominee has embraced cryptocurrency for […]
The post Trump campaign leans in on crypto with new donation page amid shifting political landscape appeared first on CryptoSlate.
Bitcoin (BTC) surged past the $70,000 mark on May 21, marking a significant milestone driven by a flood of investment into spot Bitcoin exchange-traded funds (ETFs) and a broader market rally. Bitcoin’s price climbed to $70,325, a 6% increase over 24 hours, before settling at $68,700 as of press time, based on CryptoSlate data. Ethereum […]
The post BTC surges 6% to touch $70k as Ethereum ETF rumors cause market frenzy appeared first on CryptoSlate.
Grayscale Investments, the world’s largest crypto asset manager, announced the appointment of Peter Mintzberg as its new Chief Executive Officer, effective August 15, 2024. Mintzberg will succeed Michael Sonnenshein, who stepped down from the position after a decade with the firm to pursue other interests. During his tenure as CEO, Sonnenshein guided Grayscale from $60 […]
The post Grayscale switches CEO following $144 million reduction in fees as Bitcoin outflows finally subsiding appeared first on CryptoSlate.
Kraken could drop EU support for Tether’s USDT stablecoin, Bloomberg reported on May 17. Kraken Global Head of Regulatory Strategy Marcus Hughes said the company is planning for circumstances in which it is “not tenable to list specific tokens such as USDT.” The EU’s regulatory landscape is set to change when the EU’s Markets in […]
The post Kraken considers delisting USDT in Europe due to MiCA rules appeared first on CryptoSlate.
Oklahoma has become the first US state to legally protect the right to self-custody Bitcoin after passing a new bill. The newly signed legislation ensures that residents can hold, control, and use digital assets without state interference. Republican Governor Kevin Stitt signed the ‘Bitcoin Rights’ bill — HB3594 — into law earlier this week. The legislation […]
The post Oklahoma enacts landmark legislation establishing rights to self-custody crypto appeared first on CryptoSlate.
A Nigerian High Court has denied bail to Binance executive Tigran Gambaryan, citing concerns that he might flee the country. Gambaryan, who turned 40 today, has been held by the Nigerian government since February. Speaking on his detainment, Noah Perlman, Binance’s chief compliance officer, said: “On this very unhappy birthday, a reminder that Tigran Gambaryan […]
The post Nigerian court denies bail to Binance executive, intensifying crypto industry tensions appeared first on CryptoSlate.
The US Senate voted in favor of repealing the SEC’s Staff Bulletin 121 (SAB 121) on May 16. In all, 60 Senators voted in favor of HJ Res. 109, a resolution to overturn the bulletin, while 38 Senators voted against it. The results show bipartisan support for reversing the SEC rule. Of the 60 Senators […]
The post US lawmakers vote in favor of repealing controversial SEC accounting rules for crypto appeared first on CryptoSlate.
The US Treasury Department intends to place a significant emphasis on addressing the risks posed by cryptocurrencies and other emerging technologies in the coming months via comprehensive regulation. The Treasury has made digital assets a key area of focus in its 2024 National Strategy for Combating Terrorist and Other Illicit Financing report. The strategy outlined […]
The post US Treasury to increase focus on combatting illicit financial activity via crypto, emerging tech appeared first on CryptoSlate.
Building on the success of Lens Protocol, Lens Lab, an entity under Avara, has announced the Lens Network, a blockchain-based network aimed at transforming the future of social media interactions. Developed on the ZK Stack utilizing zkSync technology on Ethereum, the Lens Network is poised to address and overcome the prevalent scalability challenges faced by […]
The post Avara to launch Lens Network on zkSync to expand on success of Lens Protocol appeared first on CryptoSlate.
The State of Wisconsin Investment Board (SWIB) and others reported investments in spot Bitcoin ETFs. In a May 14 filing, SWIB disclosed 2.5 million shares of BlackRock’s IBIT worth $99.1 million and 1.0 million shares of Grayscale’s GBTC worth $63.7 million. The investment makes SWIB the second-largest holder of IBIT after Bracebridge Capital. SWIB is […]
The post State of Wisconsin Investment Board, Titan Global invest in spot Bitcoin ETFs appeared first on CryptoSlate.
Coinbase said it resumed operations after a system-wide outage that impacted its website, mobile, and API for over three hours. However, several customers of the crypto trading platform on social media claimed this was false as they could still not withdraw their funds. One X user, Nigel Dias, revealed that he attempted to send his crypto […]
The post Coinbase users report withdrawal issues despite official ‘resolved’ status appeared first on CryptoSlate.
Uniswap founder Hayden Adams criticized President Joe Biden’s approach to crypto regulation and said his administration’s perceived indifference to crypto could be a significant miscalculation in the 2024 election. Adams warned in a May 13 post on social media that the administration is ignoring a key issue for many Americans and compared the decision to […]
The post Uniswap founder says Biden’s indifference toward crypto could cost him elections appeared first on CryptoSlate.
Two US lawmakers have opposed the Department of Justice’s (DOJ) attempt to expand the definition of a money-transmitting business. In a May 9 letter to US Attorney General Merrick Garland, Senators Cynthia Lummis and Ron Wyden argued that the DOJ’s broad interpretation could criminalize non-custodial crypto asset software services. According to the lawmakers: “The DOJ’s unprecedented […]
The post US senators challenge DOJ’s broad definition of crypto money transmitters appeared first on CryptoSlate.
Crypto-related investment products recorded their first inflow in over a month, totaling $130 million during the past week, according to CoinShares’ latest weekly report. The inflows mark a notable shift in investor sentiment after weeks of negative flows across the crypto market. However, the inflow did not improve investors’ participation in the asset class as […]
The post Crypto investment products see first inflow in weeks despite subdued trading volumes appeared first on CryptoSlate.
Tokyo stock exchange-listed Metaplanet declared Bitcoin as its strategic reserve asset due to the current economic uncertainty pervading the Japanese economy, according to a May 13 statement. The firm said: “Metaplanet has adopted Bitcoin as its strategic treasury reserve asset. This move is a direct response to sustained economic pressures in Japan, notably high government […]
The post Tokyo-listed Metaplanet outlines Bitcoin plan amid rising economic pressure in Japan appeared first on CryptoSlate.
House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end of May. The proposed legislation — dubbed the Financial Innovation and Technology for the 21st Century (FIT21) Act — aims to provide clear […]
The post US Congress to potentially vote on new legislation for crypto industry by end of May appeared first on CryptoSlate.
Former President Donald Trump continued his advances toward the crypto community by hosting an event for holders of the Trump Cards NFT Gala on May 8 at his Mar-a-Lago resort in Palm Beach, Florida. During the event, Trump expressed his support for cryptocurrencies, announcing plans to accept digital asset donations for his potential re-election campaign. […]
The post Former President Donald Trump-related memecoin lead market following new crypto promises appeared first on CryptoSlate.
Taiwan is bolstering its anti-money laundering regulations through amendments to its Money Laundering Control Act, as the island aligns its laws with international standards set by the Asia/Pacific Group on Money Laundering (APG). The key focus of the amendments is to bring virtual assets and virtual asset service providers firmly under the oversight of Taiwan’s […]
The post Taiwan revises money laundering act to include digital assets appeared first on CryptoSlate.
Crypto wallet provider Exodus said the US Securities and Exchange Commission (SEC) made a “surprising last-minute decision” that delayed its planned listing on the NYSE American Stock Exchange, according to a May 9 statement. NYSE said the SEC halted the listing because the financial regulator’s staff are still reviewing Exodus’s registration statement. Exodus added: “We’re […]
The post SEC delays crypto wallet provider Exodus’ NYSE American listing amid ongoing scrutiny appeared first on CryptoSlate.
US lawmakers have proposed a new bill that aims to temporarily prevent financial institutions from engaging in transactions involving funds that have been through crypto mixers. Congressman Sean Casten (IL-06) introduced the bill on May 7 and received support from Representatives Bill Foster, Brad Sherman, and Emmanuel Cleaver. Blockchain Integrity Act The proposed legislation, dubbed […]
The post US lawmakers introduce bill to suspend crypto mixer transactions appeared first on CryptoSlate.
House Republicans are gearing up to challenge the SEC’s controversial rule regarding digital asset custody, labeling it as an overreach of the agency’s authority. During a press conference on May 7, Representative Tom Emmer, a prominent Republican lawmaker, criticized SEC Chairman Gary Gensler’s tenure, calling it marked by “regulatory hypocrisy, inconsistency, and incompetence.” The issue […]
The post Emmer slams Gensler for ‘inconsistency, incompetence’ over SAB 121 appeared first on CryptoSlate.
In a recent proposal, prominent Ethereum developers, including Vitalik Buterin, Sam Wilson, Ansgar Dietrichs, and Matt Garnett, suggested a new transaction type to enhance Externally Owned Accounts (EOAs). The proposal, currently in draft status, outlines the creation of a new transaction type that temporarily converts EOAs into smart contract wallets during transaction execution, offering functionalities […]
The post Vitalk Buterin drafts EIP-7702 to enhance externally owned accounts appeared first on CryptoSlate.
Joachim Nagel, President of the Deutsche Bundesbank and a member of the ECB, emphasized the urgency for central banks to reassess their business models and swiftly adopt central bank digital currencies (CBDCs). Speaking at a high-level panel during the Bank for International Settlements (BIS) Innovation Summit on May 6, Nagel expressed concern over the uncertain […]
The post German central bank president calls for swift adoption of CBDCs to stay competitive. appeared first on CryptoSlate.
Robinhood’s crypto division received a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4. According to a May 8 filing, the Gary Gensler-led Commission staff had been investigating Robinhood’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations” for some time before recommending an enforcement action against it. Dan Gallagher, the chief […]
The post SEC issues Wells Notice against Robinhood, crypto community calls it ‘scare tactics’ appeared first on CryptoSlate.
Phishing attacks within the crypto industry decreased 46% to $38 million in April, the lowest amount this year, according to the security firm Scam Sniffer. Notably, this aligns with CertiK’s finding that crypto-related exploits and scams plummeted to a historic low of $25.7 million in April. April’s phishing attack Per Scam Sniffer’s findings, the Coinbase-backed […]
The post Crypto phishing attacks plummet in April, reaching a yearly low of $38 million appeared first on CryptoSlate.
Bitfinex Chief Technology Officer Paolo Ardoino has debunked rumors that the crypto exchange suffered a database exploit recently. Over the weekend, several reports suggested a potential database leak comprising 22,500 records of emails and passwords allegedly from Bitfinex users. However, Ardoino opined that the purported breach was likely fake, stating that only a small percentage […]
The post Bitfinex CTO dismisses rumors of major database breach, suggests misinformation by hackers appeared first on CryptoSlate.