The cryptocurrency market is evolving, and so is the demand for exchange-traded funds (ETFs). Traditional finance companies are now seeking regulatory approval to introduce innovative products to meet the growing investor appetite. First Trust, an asset management firm, is the latest player in the game, aiming to create a unique offering in the form of
Crypto
Tether, the company responsible for the largest stablecoin, has taken significant measures to address concerns raised by US Senator Cynthia Lummis and Rep. French Hill regarding the alleged use of stablecoins in illicit activities. In its effort to combat issues such as funding terrorism and money laundering, Tether has released two letters directed at the
Bitcoin’s price has experienced a setback in the past 24 hours, retreating to around $42,000. This decline in value has affected most altcoins as well, with SOL and ADA experiencing significant drops of over 5%. Surprisingly, one standout performer amidst this red sea is ICP, which has seen a massive surge of 40%. Bitcoin’s Rollercoaster
While Bitcoin (BTC) continues to gain traction in financial circles, it is developing countries that are leading the way in its adoption. As a $1.5 trillion asset manager, Franklin Templeton, believes BTC will become indispensable for national treasuries in the future. Sandy Kaul, the investment firm’s Head of Digital Asset & Investor Advisory Services, recently
In a surprising turn of events, Securities and Exchange Commission (SEC) Chair Gary Gensler has hinted at the possibility of reconsidering his stance on approving a spot Bitcoin ETF for American investors. This revelation comes after Grayscale’s recent legal triumph, which caught the attention of regulators and industry players alike. While Gensler has not explicitly
Bitcoin, the king of cryptocurrencies, experienced a rollercoaster ride in the past few days. The market witnessed significant volatility due to vulnerability issues reported by Ledger, a major wallet company. This article explores the twists and turns that Bitcoin took, along with the performance of other altcoins in the market. Bitcoin soared to a 19-month
Ordinals critics argue that inscriptions, particularly BRC-20 tokens, are causing a denial of service attack on regular Bitcoin (BTC) transfers. However, on-chain analysis conducted by lead Glassnode analyst James Check challenges this claim. According to Check, the majority of Bitcoin block space is still filled with normal monetary transactions, with inscriptions simply occupying any remaining
As the world of cryptocurrencies continues to evolve, so do the tactics employed by scammers and fraudsters. One such tactic that has been gaining prominence is called “Approval Phishing.” It is a malicious approach that specifically targets crypto users, exploiting their trust and familiarity with blockchain transactions. Traditionally, scammers would distribute fraudulent crypto apps to
In the midst of a volatile market, Bitcoin has made a strong comeback. After dipping below the $41,000 mark, the cryptocurrency’s bulls have returned, pushing the price north and beyond $43,000. This resurgence has not only affected Bitcoin but also the altcoin market, with several coins standing out in the green. Over the weekend, Bitcoin
In recent discussions among experts in the crypto industry, one recurring topic that has surfaced is the potential of Tether becoming the de facto central bank digital currency (CBDC) of the world. This speculation follows comments made by Cantor Fitzgerald CEO Howard Lutnick, who expressed his support for Tether, stating that he holds their treasuries
