Category Archive: Cryptocurrency, No picture
Political support is bad for Bitcoin in the long run: Samson Mow
Former Blockstream Chief Strategy Officer Samson Mow believes that the newfound political support for Bitcoin could weaken its core principles and increase the risk of future failures that could harm users. “I’m not bullish on politicians becoming pro “crypto.” It may feel nice given the prior hostile anti-crypto stances, but long term it’s bad for […]
Ethereum devs set Pectra upgrade for Q1 2025
Ethereum’s anticipated Pectra upgrade is now scheduled for release by the end of Q1 2025, according to recent updates from Ethereum developers. Pectra is the next major milestone on Ethereum’s development roadmap, following the Dencun upgrade which was successfully deployed in March. Some more up to date thoughts the next hard fork after Cancun, Pectra […]
Trump advocates for US leadership in crypto industry
Donald Trump, the former president and presumptive Republican nominee, has publicly reinforced his support for crypto businesses in the US and the broader industry. According to him, there is no acceptable position for the nation other than being the leader in the crypto sector. “I am very positive and [open-minded] to cryptocurrency companies and all […]
US Bitcoin spot ETFs attract $2 billion in net inflows over two weeks
Investors have poured around $2 billion into US spot Bitcoin exchange-traded funds (ETFs) over the past two weeks, according to data from Farside. These funds also recorded a tenth consecutive day of net inflows.This week alone, US spot Bitcoin ETFs saw over $1 billion in inflows, with Thursday recording the largest daily inflow of around […]
Ethereum Foundation to implement conflict of interest policy amid EigenLayer controversy
The Ethereum Foundation (EF) is set to introduce a formal conflict of interest policy following community backlash over two prominent researchers’ associations with EigenLayer, a layer-2 restaking protocol built on Ethereum.The controversy began when crypto trader Jordan Fish (Cobie) questioned the ethics of EF developers receiving substantial financial incentives from projects built on Ethereum, specifically […]
Ethereum spot ETF approval is here – Everything you need to know
Spot Ethereum ETFs have finally received the greenlight after a period of uncertainty. Thursday’s approval not only marked a milestone for Ethereum but also a positive development in the US regulatory approach to crypto. This article will provide more insights into the recent approval, its potential motivation, and implications for the industry.An overview of spot […]
BlackRock’s Bitcoin ETF nears top spot after $380 million buy
BlackRock’s iShares Bitcoin Trust (IBIT) is on track to become the largest Bitcoin fund after purchasing over $380 million worth of the BTC this week, according to blockchain analytics platform Arkham Intelligence.The biggest purchase occurred on May 21, with IBIT buying over $290 million in Bitcoin. Launched in January 2024 after the SEC approved spot […]
ETH balances in centralized exchanges fall to lowest level in three months
Ethereum (ETH) investors withdrew 56,089 from crypto exchanges in the last 24 hours, according to on-chain analysis platform Nansen. Moreover, the amount of ETH held in centralized exchanges hit the lowest level in the last three months, totaling 20,288,992 ETH.ETH flows in centralized exchanges in the last three months. Image: NansenCrypto outflows from centralized exchanges […]
OKX to end trading services in Hong Kong, abandons VASP license bid
Global crypto exchange OKX announced today the withdrawal of its Virtual Asset Service Provider (VASP) license application in Hong Kong. The company will discontinue centralized trading services for Hong Kong residents by May 31, 2024, in compliance with regulatory demands.OKX said in a recent announcement that customers’ funds are secure and that withdrawal services will […]
Solana drops as FTX sells $2.6 billion at 38% discount
Solana token prices have fallen by 4% in the past day after the bankrupt crypto exchange FTX sold $2.6 billion worth of tokens to Figure Markets and Pantera Capital at a significant discount, according to Bloomberg.Figure bought 800,000 Solana tokens for about $80 million, or $102 per token – a 38% discount from Friday’s market […]
