Crypto | Bitcoin | Blockchain

2024-04-10 08:40:13 VanEck, CoinShares CEOs doubt SEC will approve spot Ethereum ETFs: CNBC

Firms that gained the Securities and Exchange Commission's approval for a spot bitcoin exchange-traded fund are not feeling very confident that the agency will greenlight proposals for an ether product, according to reporting from CNBC. VanEck CEO Jan van Eck told CNBC in an interview posted on Tuesday that he expected the VanEck Ethereum ETF to be rejected in May – the first deadline approaching for when the SEC will decide whether to allow those products to pass.

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2024-04-09 19:50:01 Uphold adding Bitcoin support to its new Vault wallet

After launching a self-custody wallet at the end of last year, Uphold is now adding Bitcoin support, the company said in a statement. "Many of us are familiar with the challenges users face in managing their bitcoin keys and wallets,” said Uphold CEO Simon McLoughlin in a press statement. “As bitcoin ownership expands, the need for enhanced security combined with trading convenience becomes ever-more apparent.".

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2024-04-09 09:29:52 Top Chinese mutual funds exploring Bitcoin ETFs via Hong Kong units

Leading Chinese mutual funds are actively exploring Bitcoin exchange-traded funds (ETFs) through their subsidiaries in Hong Kong, with adoption set to kick off within the second quarter once regulatory approval is secured, local media reported on April 8. Jiashi Fund has applied to launch a Bitcoin spot ETF, while Huaxia Fund’s subsidiary recently partnered with Bitcoin ETF custodian HashKey. Both firms are awaiting regulatory approval to proceed further.

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2024-04-08 23:14:53 Bitcoin price breaks out above $72,000 as market volatility causes spike in liquidations

Bitcoin short positions bore the brunt of market volatility damage as the digital asset surged above the $72,000 mark on Monday. According to Coinglass data, there were over $47 million in bitcoin short liquidations in the past 24 hours. In the wider cryptocurrency market, there have been over $152 million in liquidations over the past 24 hours. Of these liquidations, the vast majority — around $107 million — were short positions.

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2024-04-08 11:54:53 Base hits $4B TVL as monthly txs outstrip Ethereum and Arbitrum

Crypto exchange Coinbase’s Ethereum layer-2 blockchain Base has seen its total value locked (TVL) surge by over 13.2% in the past week to surpass $4 billion for the first time as its 30-day transactions beat out Ethereum and its top rival Arbitrum. L2BEAT data updated on April 7 shows Base’s total TVL at $4.15 billion, including $1.45 billion of canonically bridged value — assets locked on Ethereum to be represented on Base — and $2.7 billion in natively minted assets.

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2024-04-07 22:39:55 Bug in Discontinued Lido Staking Service Blocks User Access to Tokens Valued at $24.4 Million

A bug in the smart contract of Lido’s discontinued Solana staking service is reportedly preventing users from withdrawing digital assets valued at more than $24 million. Lido attributes this issue to “a problem with the maintainer bot and the recent update of rent-exempt terms for Solana staking accounts.”. A report said the staking service’s financial unsustainability and low fee revenue were some of the reasons why Lido ended the service more than five months ago. Before that, 92.7% of the Lido community voted in favor of discontinuing the service rather than funding it.

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2024-04-07 11:04:54 Coinbase cleared in lawsuit over crypto transactions

Coinbase, one of the leading cryptocurrency exchanges, has achieved a significant victory in an ongoing lawsuit. The U.S. Court of Appeals for the Second Circuit has ruled in favor of Coinbase, confirming that the secondary sales of cryptocurrencies on its platform do not violate the Securities Exchange Act. The court’s decision affects a nationwide group of people who traded tokens on Coinbase from Oct. 8, 2019, to March 11, 2022. At the heart of the dispute was whether Coinbase’s traded cryptocurrencies met the criteria for securities.

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2024-04-06 20:54:54 Ethereum Foundation Researchers' Proposal to Slow ETH Issuance Draws Pushback

Earlier this year, a pair of Ethereum Foundation (EF) researchers put forth a proposal to reduce the pace of new issuance of ether (ETH) tokens. It was part of a concerted plan to reduce incentives for new stakers – the investors who lock cryptocurrency into the blockchain as a way of helping to secure the network. The freshly minted ETH is a crucial component of the rewards these investors hope to receive, in the form of staking yields.

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2024-04-06 11:44:55 SEC to eventually approve spot Ethereum ETFs, says JPMorgan

JPMorgan remains optimistic about the Securities and Exchange Commission's eventual approval of spot Ethereum exchange-traded funds despite earlier this year assigning not more than a 50% chance for approval by May, the initial deadline. "If there is no spot Ethereum ETF approval in May, then we assume there is going to be a litigation process after May," Nikolaos Panigirtzoglou, managing director and global market strategist at JPMorgan, told The Block.

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2024-04-05 20:39:55 Uniswap hits a historic $2 trillion in trading volume

The world's most popular decentralized exchange by trading volume announced it has passed a whopping $2 trillion in total trading volume. Uniswap Labs announced that the cumulative trading volume transacted using its protocol had hit the historic mark. Since its founding in 2018, Uniswap has been one of the most used DeFi applications on the Ethereum blockchain and the leading decentralized exchange, or DEX, by trading volume.

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