SEC Chair Gary Gensler said spot Ethereum ETFs will “take some time” to launch despite approving the associated 19-4b filings last month. Gensler said the ETF applications are going through the normal procedures, which could take some time. He remained vague about an exact timeline for the launch. The SEC chair also slammed crypto exchanges […]
The post Gensler slams crypto exchanges for unsavory practices, says spot Ethereum ETFs will ‘take some time’ appeared first on CryptoSlate.
A recent survey by Germany’s central bank, the Deutsche Bundesbank, reveals a surprising openness among Germans towards the digital euro, the European Central Bank’s (ECB) proposed digital currency. However, the survey also exposes a significant knowledge gap that needs to be addressed before the system’s potential can be fully realized. Related Reading: $100,000 Bitcoin: Hype […]
Turkey has dismissed levies on profits from stocks and cryptocurrencies but is exploring a transaction tax as part of efforts to regulate the tax on financial transactions.
Coinbase customers can look forward to a cheaper, easier experience when they buy, sell or trade crypto.
Coinbase customers can look forward to a cheaper, easier experience when they buy, sell or trade crypto.
CEO Jenny Johnson believes institutions will deploy a second wave into Bitcoin funds and attract the truly big players.
Paxos introduces the Lift Dollar in the UAE, offering a stablecoin with a daily yield aligned with US Treasury bonds.
The post Paxos launches Lift Dollar, a rebased yield-generating stablecoin appeared first on Crypto Briefing.
Ethereum co-founder Vitalik Buterin has expressed strong disapproval of the recent trend of celebrities experimenting with crypto by creating memecoins. In a June 5 social media post, Buterin pointed out that most celebrity-backed memecoins lack practical utility or a specific use case backing their creation. He added that financialization — or the process of turning something […]
The post Vitalik Buterin criticizes celebrity memecoins for lack of real-world value appeared first on CryptoSlate.
The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse, has shed light on the potential timeline for an XRP ETF. Previously speaking at the Consensus 2024 conference, Garlinghouse declared that the introduction of an XRP Exchange Traded Fund (ETF) was inevitable. XRP ETF Slated For 2025 In an exclusive interview with Fox Business on June […]
Hats Finance, a community-focused audit platform that enables permissionless on-chain competitions and bug bounties has joined the Cointelegraph Accelerator program.
SEC Chairman Gensler addresses the complexities of crypto ETF approval, emphasizing the need for transparency and investor protection.
The post SEC Chairman Gensler weighs in on approving more token ETFs appeared first on Crypto Briefing.
Trading volumes on CEXs have somewhat subsided after topping $9 trillion in March.
Bitcoin remains stuck inside a range, but solid inflows into spot ETFs suggest investors anticipate an upside breakout.
U.S. listed bitcoin miners draw up to 5 gigawatts of power and have access to an additional 2.5 GW, making them attractive potential takeover targets, the report said.
The EVM will let developers build applications with smart contracts that run on the IOTA network.
The approval of new exchange traded funds (ETFs) for Ethereum's ether {{ETH}} is a logical next step to the regulator previously approving spot bitcoin ETFs, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler seemed to suggest twice on Wednesday.
Marathon Digital sold a large chunk of its Bitcoin production in May as miners adjusted operations after the halving event.
The SEC Chair spoke on CNBC on June 5, suggesting the commission could delay approving S-1 registration statements for exchanges listing spot Ether ETFs.
Bitcoin, the largest cryptocurrency asset by market cap, broke through the $70,000 resistance level today, demonstrating momentum for further upsurge. Delving into the significance of this development, cryptocurrency analyst and trader YG Crypto has emphasized that Bitcoin must break above the level and maintain that break in order for the digital asset to regain its […]
Despite the relative tepid movement in the crypto market since Bitcoin hit a new all-time high (ATH) in March, Bitcoin, Ethereum, and Solana have continued to top traditional assets, including Gold. This was highlighted in a recent report that showed how crypto assets have provided the best returns for a while now. Bitcoin, Ethereum, And Solana Outperform Traditional Assets Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM), shared the crypto investment firm’s latest monthly update, showing annualized returns on all major assets. Related Reading: Dogecoin Social Sentiment Turns Bearish And Drops To March Levels, What This Means For Price Bitcoin, Ethereum, and Solana have topped traditional assets with annualized returns of 141%, 152%, and 224%, respectively. For context, NDX, the best major traditional asset, boasts an annualized return of 17%. Thanks to this, these crypto assets have been the best-performing assets in 11 of the last 14 years. These digital assets also look on course to outperform traditional assets again this year, as they boast higher year-to-date (YTD) gains. Data from CoinMarketCap shows that Bitcoin, Ethereum, and Solana currently have YTD gains of over 67%, 66% and 70%, respectively. On the other hand, Gold, the best-performing non-crypto asset this year, has a YTD gain of 13%. The NDX boasts a YTD gain of 10%, while the SPY has recorded a YTD gain of 11%. Interestingly, while the volatility of crypto assets has been criticized at times, this has largely contributed to why they have continued outperforming traditional assets. The Director of Global Macro at Fidelity Investments, Jurrien Timmer, previously highlighted how Bitcoin has continued to record the best risk-reward since 2020. He also alluded to Bitcoin’s high volatility, stating that Bitcoin’s huge drawdowns have also come with large gains. The same can also said about crypto tokens, especially considering that a token like Solana, which dropped to as low as $10 in late 2022, is now trading above $170. More Gains Ahead For BTC, ETH, SOL Bitcoin, Ethereum, and Solana are expected to record more YTD gains as the year progresses, given that the crypto market is currently in a bull run. Recent developments in the crypto market also paint a bullish outlook for these crypto tokens. One is the increased demand for the Spot Bitcoin ETFs. Data from Farside Investors showed that these funds recorded net inflows of $886.6 million on June 4, their best day since March. Related Reading: Crypto Pundit Shares “Inevitable” Prices For Bitcoin And 5 Altcoins Meanwhile, the Spot Ethereum ETFs are expected to begin trading by July. Crypto analysts like Michael van de Poppe predict these funds could spark a significant rally for Ethereum and other altcoins. ‘Solana Summer’ also looks to be on the horizon, with the crypto token showing signs of imminent parabolic upward trend. At the time of writing, Bitcoin has broken above the $70,000 resistance level and is trading at around $71,000, up almost 3% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Since the start of the year, I’ve been living in a cheap island paradise as a Bali crypto digital nomad. Here’s how you can too.
USDL is issued in the UAE and regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
A bill that provides the SEC with less funds for the coming fiscal year also prohibits the agency from implementing or enforcing SAB 121.
The case relates to the delisting of the BSV token in 2019.
"Once you get hacked in most of the cases you're done," CEO Dadosh said. "And this is what we're trying to prevent."
Decentralized finance is coming to Bitcoin – and it could be huge.
One of crypto's biggest flaws – a lack of mainstream use – could be going away.
Tracking changes in liquidity is equally important as monitoring changes in Bitcoin‘s on-chain data. Each price movement, be it up or down, exerts significant pressure on liquidity. One way to analyze changes price swings bring to the market is to look at market depth. The aggregated 2% market depth and the 2% bid vs. ask […]
The post Market depth reveals Bitcoin’s underlying strength at $70k appeared first on CryptoSlate.
Coinbase-backed Ethereum layer-2 network, Base, is experiencing rapid growth, reflecting the significant adoption and attention it enjoys from the crypto community. Base’s growth comes amid the exchange launch of its Smart Wallet, a self-custodial solution aimed at bringing more than 1 billion users on-chain. Increased network activity Base recorded the highest daily transactions among Ethereum […]
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The post Terra Luna Classic To Go Ahead With Tax2Gas Implementation appeared first on Coinpedia Fintech News
The Terra Luna Classic developer group Genuine Labs has proposed to go ahead with the Tax2Gas implementation. Tax2Gas will incorporate the tax into the gas and remove the need for separate handling and calculation, revising the burn tax. The proposal aimed to increase the on-chain tax rate to 1.5%, which brings back to the original …