Category Archive: Cryptocurrency, No picture
Russia mined nearly 54,000 Bitcoin in 2023, says industry expert
Key Takeaways Russia mined approximately 54,000 Bitcoins in 2023. New legislation aims to regulate and support the mining sector. Share this article Approximately 54,000 Bitcoin (BTC), worth around $3 billion, was mined in Russia last year, said Sergey Bezdelov, the Director of the Industrial Mining Association, at the Eastern Economic Forum 2024, first reported by […]
Telegram updates policy, allows users to report illegal content in private chats
Key Takeaways Telegram has changed its policy to allow users to flag illegal content in private chats. CEO Pavel Durov acknowledges the platform’s rapid growth has made it easier for misuse. Share this article Telegram has revised its policy, allowing users to flag “illegal content” in private chats for review by moderators, according to a […]
Binance to launch fixed rate loans in USDC and FSUSD stablecoins
Key Takeaways Binance’s fixed rate loans provide predictable financial planning for users. The service includes features like auto-repay and principal protection. Share this article _*]:min-w-0″> Binance Loans now offers fixed rate loans, providing users with predictable borrowing costs, according to a blog post by Binance. This feature allows borrowers to lock in interest rates for […]
Morgan Stanley’s Institutional Fund reveals exposure to BlackRock’s Bitcoin ETF
Key Takeaways Morgan Stanley’s Institutional Fund allocated 2.1% to BlackRock’s Bitcoin ETF and 4% to MicroStrategy. Five of the six largest global asset managers now have Bitcoin-related investments or services. Share this article Morgan Stanley reported 2.1% exposure to BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) IBIT in its Institutional Fund. In a Sept. 4 […]
Cardano’s IOHK, Hedera join Ripple, Algorand Foundation as founding members of Decentralized Recovery Alliance
Key Takeaways IOHK and Hedera have joined the DeRec Alliance as founding members to enhance crypto recovery standards. The DeRec Alliance aims to make digital asset recovery as simple as web2 account recovery. Share this article IOHK, the technology firm behind Cardano, and Hedera have officially joined the Decentralized Recovery (DeRec) Alliance as its final […]
Bybit reveals SOL-based liquid staking token bbSOL, partners with Solana dApps
Key Takeaways Bybit launches bbSOL, the first exchange-based Liquid Staking Token on Solana, bridging CEX and Web3 platforms. bbSOL offers staking rewards, liquidity benefits, and MEV opportunities to various participants in the Solana ecosystem. Share this article Bybit has launched bbSOL, a Liquid Staking Token (LST) on the Solana blockchain. According to the announcement, this […]
Demand still sluggish for US Ethereum ETFs one month after debut—here’s why
Key Takeaways Grayscale’s Ethereum ETF has seen over $2.6 billion in outflows since its conversion. Regulatory uncertainty around staking features affects investor interest in Ethereum ETFs. Share this article The nine US exchange-traded funds (ETFs) tracking the spot price of Ethereum (ETH) have been struggling to attract new capital since their strong start in late […]
Australian asset manager Monochrome applies for new Ethereum ETF, eyes decision by end of this month
Key Takeaways Monochrome partners with Vasco Trustees to launch an Ethereum ETF. The ETF is set for Cboe Australia listing by September 2024. Share this article Monochrome Asset Management, in partnership with Vasco Trustees Limited, has officially applied to list the Monochrome Ethereum exchange-traded fund (ETF) on Cboe Australia, the company shared in a Thursday […]
Robinhood fined $3.9M in California over crypto withdrawal restrictions from 2018
Key Takeaways Robinhood’s settlement with California requires ongoing crypto withdrawals. The $3.9M settlement addresses past custody and disclosure issues. Share this article California Attorney General Rob Bonta announced a $3.9 million settlement with Robinhood Crypto LLC for violating state commodities law by prohibiting customers from withdrawing crypto from their accounts between 2018 and 2022.The settlement […]
AI tokens rally as Nvidia refutes DOJ subpoena reports
Key Takeaways AI tokens experienced a significant surge after Nvidia denied reports of receiving a DOJ antitrust subpoena. Nvidia’s stock shows resilience with a slight rise amid subpoena rumors. Share this article Several artificial intelligence (AI) tokens have bounced back following Nvidia’s denial of reports that it had received a subpoena from the Department of […]
