Coins▪︎Trading▪︎Crypto News

2024-04-18 09:41:19 Crypto ETFs other than Bitcoin and Ethereum funds will '100%' be approved: Grayscale

Grayscale's ETF chief is bullish that regulators will eventually have to approve exchange-traded funds based on cryptocurrencies other than bitcoin and ether. David LaValle, Grayscale's global head of ETFs, was asked during a roundtable discussion on Wednesday if he thought exchange-traded funds based on other cryptocurrencies might gain approval in the next two to three years.

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2024-04-17 19:09:58 Telegram CEO Pavel Durov says he's held a few hundred million dollars in his 'bank account or in bitcoin' for 10 years

During an interview with Tucker Carlson aired late Tuesday, Telegram co-founder and CEO Pavel Durov said he has held a few hundred million dollars in fiat or bitcoin for the last 10 years. Responding to a question about the encrypted messaging platform not accepting venture capital money, Durov said the firm wanted to remain independent, and it was never about the money. “I have had a few hundred million dollars in my bank account or in bitcoin since 10 years ago, and I don't do anything with it. I don't own any real estate, jets or yachts.

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2024-04-17 10:06:17 Former New York Fed officer joins Binance.US board

Crypto exchange Binance.US announced Tuesday it has appointed a former New York Federal Reserve officer, Martin Grant, to its Board of Directors for BAM Management US Holdings to help oversee the firm’s financial reporting processes and internal controls. Grant is a former chief compliance and ethics officer at the New York Fed with over three decades of regulatory, legal and compliance experience in government and the digital assets industry.

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2024-04-16 21:03:11 Ethereum falls to lowest level against Bitcoin in 3 years amid panic selling

Ethereum fell against Bitcoin to its lowest point in three years amid the carnage that followed Bitcoin’s fall from $70,000 over the weekend. The ETH-BTC chart reached as low as 0.0462 BTC on Saturday, April 13, down 24% from the year-to-date high of 0.085 BTC. Ethereum’s all-time high against Bitcoin came in 2017 when it touched 0.16 BTC before closing the year around similar levels to now at 0.048 BTC. It has since recorded lows around 0.018 BTC in late 2019 before rising significantly throughout the 2020 – 2021 bull market.

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2024-04-16 10:51:31 Ethereum validator queue hits highest level since September 2023

Staking on Ethereum has become all the rage recently with the recent popularization of restaking, which we talked about a bit last week. In a fun update, EigenLayer did launch on the Ethereum mainnet last week along with its EigenDA data availability layer. Coinbase Cloud and Google Cloud are among the protocol’s first operators, and it announced six actively validated services that will be secured through EigenLayer’s restaking on Friday.

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2024-04-15 21:07:35 Norway Wants to Restrict Crypto Mining by Regulating Data Centers, Lawmakers Say: Report

Norway's government is introducing a law for data centers partly in an effort to block energy-intensive crypto mining in the country, according to a report by local news outlet VG that cited two lawmakers. Digitalization Minister Karianne Tung and Minister for Energy Terje Aasland say the law will regulate the data-center industry for the first time, requiring operators of the centers to be registered with local regulators, the report said.

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2024-04-15 09:11:01 Bitget’s Futures Trading Hits $1.4 Trillion in Q1 2024: Report

February’s strong market recovery, particularly with Bitcoin reaching an all-time high aided Bitget’s exchange volume in Q1. Bitget experienced significant growth across its trading volumes and user base in the first quarter of 2024, riding the wave of widespread market resurgence. The Seychelles-headquartered exchange revealed that its futures trading volume soared to around $1.4 trillion, marking a 146% increase, while spot trading volume surged by 113% to exceed $160 billion.

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2024-04-14 11:16:38 US Treasury: Russia Turns to Tether (USDT) to Evade Sanctions

Adeyemo emphasized the necessity of enhancing secondary sanctions capabilities within the Treasury, directed towards digital asset providers. Wally Adeyemo, Undersecretary of the U.S. Treasury, released an official statement saying Russia is increasingly resorting to alternative payment methods, such as the stablecoin Tether (USDT), to evade sanctions and sustain its military operations. The hearing, titled “Countering Illicit Finance, Terrorism, and Sanctions Evasion,” marks the committee’s second discussion on the topic within the last six months.

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2024-04-13 18:52:28 Sources Say Hong Kong Set to Approve First Spot Bitcoin ETFs as Early as Monday

Following the approval of 11 spot bitcoin ETFs in the U.S., their counterparts in Hong Kong are now anticipated to secure the nod from the country’s Securities and Futures Commission (SFC). Bloomberg reported on Friday that according to insiders, these funds might begin trading on the Hong Kong Stock Exchange (HKSE) by Monday. According to the report, ETFs managed by Harvest Fund Management Company, Hashkey Capital, and Bosera Asset Management are likely to be approved by the SFC.

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2024-04-10 11:02:26 Binance Has Matured Since DOJ $4.3B Settlement: CEO Richard Teng

Teng said Binance is now looking at sustainability and more compliance; hence the company’s focus on building a robust compliance program. Richard Teng, CEO of the world’s largest cryptocurrency exchange, Binance, believes the trading giant is past the cultural issues after it settled criminal charges from the United States Department of Justice (DOJ) with a $4.3 billion fine. During an interview with CNBC, Teng said Binance had moved past the early stage of its development, where there were no clear rules, and it had to operate in a certain way to stay relevant.

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