Coins▪︎Trading▪︎Crypto News

2024-06-04 10:34:58 Bitfarms mining revenue drops 45% to $7 million in first full month after Bitcoin halving

Bitcoin miner Bitfarms released its latest monthly production data, which highlights the Bitcoin halving effect on the company’s bottom line and raises concerns about industry consolidation. In its monthly update, Bitfarms said it earned 156 BTC in May, a 42% drop from the previous month and down 66% year over year. Of that earned, it sold 136 BTC for total proceeds of $8.9 million (down from $16.1 million in April) as part of the company’s regular treasury management process.

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2024-06-03 09:46:43 Hong Kong Reveals 17 Crypto Trading Platform Applicants as New Regulations Take Effect

Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating without a license is a criminal offense and commits to taking appropriate actions against any legal breaches.

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2024-06-02 08:59:58 Ripple CEO Says XRP, Solana, Cardano ETFs Are 'Inevitable'

Ripple CEO Brad Garlinghouse foresees the emergence of exchange-traded funds (ETFs) for cryptocurrencies beyond bitcoin and ether, following the U.S. Securities and Exchange Commission (SEC) approval of spot bitcoin and ethereum ETFs. At the Consensus 2024 event, he stated: “I think it’s just a matter of time, and it’s inevitable there’s gonna be an XRP ETF, there’s gonna be a solana (SOL) ETF, there’s gonna be a cardano (ADA) ETF, and that’s great.”.

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2024-06-01 21:39:59 Coinbase Challenges SEC’s Rulemaking Process, Argues for Clear Regulations on Digital Assets

Coinbase, Inc. has escalated its dispute with the Securities and Exchange Commission (SEC) by filing a reply brief in the Third Circuit Court of Appeals, arguing the necessity of clear rulemaking for the digital asset industry. The case underscores the ongoing tensions between regulators and the digital asset sector over compliance and operational standards.

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2024-06-01 10:14:58 Franklin Templeton, VanEck and Invesco Galaxy file amended S-1 for spot Ethereum ETFs, Franklin lists 0.19% fee

Franklin Templeton, VanEck and Invesco Galaxy filed amended S-1 forms with the Securities and Exchange Commission on Friday for their spot Ethereum ETF applications. Those issuers, along with others, after successfully launching a spot Bitcoin ETF, are now trying to complete the necessary regulatory steps to launch a similar product that will allow investors to bet on the price of Ethereum without having to buy the cryptocurrency directly.

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2024-05-31 20:59:59 Vitalik Buterin critiques Bitcoin’s block size war, calls for innovation

Vitalik Buterin, co-founder of Ethereum, has provided a detailed reflection on the Bitcoin block size wars, a significant conflict within the Bitcoin community that spanned from 2015 to 2017. This debate centered on whether to increase Bitcoin’s block size limit from 1 MB to accommodate more transactions, thereby reducing fees and enhancing its utility as a payment system.

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2024-05-31 07:39:58 SEC told spot Ethereum ETF issuers to get first round of draft S-1 forms in by Friday: sources

The march to get the spot Ethereum ETFs approved for trading is well underway, with all eyes on the S-1 forms. After the 19b-4 forms were approved on May 23, the only remaining step is for the S-1 forms to become effective before trading can begin. However, since the approvals resulted from a last-minute change in direction from the SEC, the S-1 forms were not prepared in advance. Yet progress is now being made.

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2024-05-30 20:54:58 Senator Lummis says crypto will play important role in US economy post-elections

Senator Cynthia Lummis recently said the crypto market will play a significant role in the US economy unless the opportunity is squandered. Lummis, a vocal advocate for pro-crypto legislation, believes that recent victories in Congress signal a promising future for the sector. In recent years, pro-crypto lawmakers like Lummis have worked tirelessly to educate their colleagues about digital assets.

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2024-05-30 09:11:20 Deutsche Bank sees blockchain as key to tackling margin compression

Deutsche Bank AG has announced its strategic push into blockchain technology as a potential remedy for the margin compression challenges facing the financial services industry, Bloomberg News reported on May 29. The German banking giant is participating in Singapore’s Project Guardian, an initiative led by the Monetary Authority of Singapore, which aims to harness the benefits of blockchain for financial markets.

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2024-05-29 21:13:59 Blackrock’s IBIT Nears Grayscale’s GBTC in Bitcoin Reserves

According to the latest statistics, U.S. spot bitcoin exchange-traded funds (ETFs) experienced ten consecutive days of positive inflows. Notably, during a third of those days, Grayscale’s Bitcoin Trust (GBTC) faced outflows and neutral activity. Conversely, Blackrock’s IBIT saw inflows on most of the ten trading days. During the past ten trading days, spot bitcoin ETFs accumulated over a billion U.S. dollars in net inflows, with each day showing a positive influx.

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