Bitcoin & Crypto Trading

2024-05-01 07:09:58 Russia to Enact a Ban on Domestic Operations Of Cryptocurrency Exchanges

Russia is preparing to enact a ban on the organization of cryptocurrency exchanges in the country via the approval of a bill that regulates mining activities. According to statements made by Russian Duma Financial Market Chairman Anatoly Aksakov, digital financial assets like the digital ruble will be allowed to circulate.

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2024-04-30 20:49:58 Coinbase rolls out Lightning Network support in collaboration with Lightspark

Coinbase, the largest U.S. crypto exchange by trading volume, is rolling out support for the Lightning Network from today, enabling a faster and cheaper way for its users to send, receive or pay with bitcoin directly from their account. Previously, bitcoin transfers on Coinbase were processed on-chain, meaning transactions could take between 10 minutes and two hours, incurring high fees during periods of network congestion.

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2024-04-30 08:50:13 Tether invests $200 million to reach ‘ultimate’ goal of putting computers in people’s brain

Tether, the largest company in the digital asset industry, has announced a strategic investment of $200 million into Blackrock Neurotech, a leading pioneer in Brain-Computer-Interface (BCI) technology. This significant move marks the unveiling of Tether’s new venture division, Tether Evo, which CEO Paolo Ardoino describes as “the ultimate pillar of its long-term vision and strategy.”

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2024-04-29 20:40:24 Australia’s largest stock exchange could list approved spot bitcoin ETFs by end of 2024: Bloomberg

Australia’s ASX stock exchange is expected to list its first approved batch of spot bitcoin exchange-traded funds by the end of 2024, according to Bloomberg. Its report, citing sources familiar with the matter, noted that several issuers, including VanEck and local firms BetaShares and DigitalX, have already submitted their ETF applications earlier this year. ASX is the top equity exchange in Australia, managing about 80% of the local trades.

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2024-04-29 07:31:00 Transaction Fees Plunge to 35% of Bitcoin Miner Revenue Post-Halving: CryptoQuant

Transaction fees have fallen from $80 million on the halving day to $6 million as of April 26. The portion of Bitcoin miner revenue coming from transaction fees has fallen significantly after surging on the day of the last halving event. A CryptoQuant report revealed that transaction fees now represent 35% of total miner revenue, a significant decline from the 75% recorded on April 19.

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2024-04-27 19:39:58 Franklin Templeton lists Ethereum ETF on DTCC

Asset management firm Franklin Templeton has listed its spot Ether exchange-traded fund (ETF) — the Franklin Ethereum TR Ethereum ETF (EZET) — on the Depository Trust and Clearing Corporation (DTCC) website, a significant platform for securities transactions in the United States. The DTCC website’s “Create/Redeem” column lists the ETF, indicating its availability for creation and redemption.

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2024-04-27 06:29:58 Arkham Intel finds wallets associated with Wisdomtree's Physical Bitcoin ETP WBIT

The blockchain data tracking firm Arkham Intel found wallets associated with WBIT, a physical Bitcoin exchange-traded product (ETP) from the asset manager WisdomTree. "WisdomTree Physical Bitcoin is a physically backed exchange-traded product (ETP) designed to offer shareholders a simple, secure and cost-efficient way to gain exposure to the price of Bitcoin,” according to WBIT’s website. “The ETP provides for easy investor access, tradability, transparency and institutional custody solutions with a robust physically backed structure."

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2024-04-25 21:05:31 Morgan Stanley considers allowing brokers to recommend Bitcoin ETFs to clients

Morgan Stanley could soon allow its 15,000 brokers to recommend Bitcoin (BTC) exchange-traded funds (ETF) to their clients, AdvisorHub reported on April 24. The financial behemoth had initially greenlit BTC ETF purchases following approval earlier this year. However, these transactions were strictly initiated by customers, necessitating them to proactively engage with their advisors to delve into this asset class.

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2024-04-24 20:25:25 Grayscale, BlackRock Ethereum ETF applications updated amid SEC delays

Grayscale Investments and BlackRock have updated their spot Ethereum ETF applications despite the SEC delaying its decision on the matter in recent weeks and expectations leaning toward rejection. Grayscale filed an S-3 registration statement with the SEC on April 23. The submission marks the latest step toward the firm’s proposed conversion of its existing Grayscale Ethereum Trust to a spot exchange-traded fund (ETF). Grayscale referred to the submission as “another key filing,” along with NYSE Arca’s earlier Form 19b-4 filing.

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2024-04-24 10:01:16 Bitcoin has room to trend higher in less leveraged market: Standard Chartered

Bitcoin, along with the rest of the cryptocurrency market, may trend higher following the liquidation of highly elevated leveraged positions before the halving, an analyst said Tuesday. The week leading up to last Saturday's bitcoin halving saw a flush-out of a substantial amount of leveraged long positions, when bitcoin fell to a recent low below the $60,000 level.

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