Crypto | Ethereum | Bitcoin

2024-03-01 19:15:26 Grayscale lobbying for regulatory approval of options for spot Bitcoin ETFs

Grayscale is lobbying for the US SEC to approve options on its spot Bitcoin exchange-traded fund (ETF), Reuters reported on Feb. 29. The SEC approved Grayscale’s spot Bitcoin ETF (GBTC) in January. Unlike most of the other newly approved spot Bitcoin ETFs, GBTC was converted to an ETF from an existing fund. According to Sonnsenshein, the SEC’s rejection of options on GBTC would unfairly discriminate against shareholders because the regulator has approved options on Bitcoin futures ETFs.

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2024-02-29 21:29:01 Bitcoin closes in on posting the biggest monthly candle in its history

Bitcoin is set to close February posting a gain of almost $20,000 since the beginning of the month. In U.S. dollar terms, this is the largest monthly gain ever for the digital asset, according to Coingecko data. Bitcoin's green candle for February, as shown on candlestick price charts, is approaching the $20,000 mark, registering specifically at $19,976 as of 10:42 a.m. ET. Following in second place is October 2021's monthly candle, which reached $17,978. The third spot is held by February of the same year, with a length of $15,467.

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2024-02-29 11:32:01 Bitcoin rocked by 'demand shock' as ETFs gobble up BTC faster than it is mined, says CoinShares

Rising demand for the world's largest cryptocurrency by market cap, thanks to the surging popularity of spot bitcoin ETFs, is having a profound impact on the market. "While 900 bitcoins are produced daily, the newly issued US ETFs are demanding 2,800 bitcoins per day," CoinShares's Head of Research James Butterfill told The Block. "This has led to a 28% reduction in exchange holdings since 2020, indicating a market experiencing a significant demand shock.”

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2024-02-28 22:01:55 Coca Cola HBC to use Solana-based ALL ART verification system for staff qualifications

Coca-Cola HBC, a leading bottling partner for the Coca-Cola Company, is leveraging blockchain technology to revamp its internal certificate verification process, partnering with Solana-based platform ALL.ART. Coca-Cola HBC has adopted a secure blockchain system for issuing and verifying employee qualifications obtained through its Coca-Cola Digital Academy training program.

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2024-02-28 14:25:25 Hong Kong to roll out regulatory sandbox for stablecoin issuers, says financial secretary

The Hong Kong Monetary Authority plans to introduce a regulatory sandbox for stablecoin issuers in the near future, the city’s financial secretary, Paul Chan, said during the 2024 budget announcement on Wednesday. Chan stated in the announcement that the sandbox is designed to enable companies to test stablecoin initiatives, explore business models, and implement investor protection and risk management strategies in a controlled environment.

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2024-02-27 22:50:00 Tether CEO Paolo Ardoino predicts more bitcoin buy-in from funds post spot bitcoin ETF approval

Tether CEO Paolo Ardoino predicts bitcoin will increasingly integrate into traditional finance, with hedge funds, pension funds, and corporations showing growing interest in the world's first cryptocurrency. Companies will also keep bitcoin on their balance sheets, Ardoino said, adding that spot bitcoin ETFs have since provided legitimacy. So far, only a handful of companies have bitcoin holdings including Tesla, Inc. and MicroStrategy Inc., according to CoinGecko.

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2024-02-27 14:29:01 OKX opens crypto exchange in Turkey, expanding its international footprint

OKX officially launched a crypto exchange in Turkey on Tuesday as part of its international expansion plans. OKX TR offers Turkish Lira direct deposits and withdrawals as well as bilingual support in both Turkish and English, according to a statement shared with The Block. OKK’s web3 non-custodial wallet is also now available to Turkish customers via its global platform.

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2024-02-26 20:30:02 Bitcoin Explodes to New 26-Month High of Over $53,500, Leaving Almost $200M in Liquidations

The price of the largest cryptocurrency by market cap took a sudden liftoff and shot up by more than two and a half grand in minutes to a new 26-month peak of over $53,500. As such, Bitcoin had declined to $51,000, and it seemed like the consolidation around that level would continue. However, that wasn’t the case. The bulls took charge of the market minutes ago and initiated a massive leg-up that resulted in BTC soaring by nearly three grand.

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2024-02-26 08:40:15 MicroStrategy’s X account hacked, shilling Ethereum token phishing scam

Hackers took over the official MicroStrategy X account, posting a series of malicious links to a fake airdrop for a so-called Ethereum-based $MSTR token. Business intelligence firm MicroStrategy’s X account has been hacked, posting malicious links to a fake airdrop of a so-called "official" Ethereum-based MSTR token. According to independent blockchain sleuth ZachXBT and anti-scam platform Scam Sniffer, losses incurred from the scam have already tallied over $440,000.

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2024-02-25 22:25:24 Defi sector surges past $80 billion TVL milestone

DeFi has undergone a striking transformation, witnessing a notable surge in total value locked (TVL), surpassing $80 billion. This resurgence signifies a remarkable turnaround, particularly after the tumultuous downfall of Terra’s stablecoin in May 2022. With its decentralized nature and innovative financial products, the DeFi landscape has attracted widespread attention from investors and enthusiasts.

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