DeFi & Ethereum News

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2024-02-08 06:39:59 Ark and 21Shares amend spot Ethereum ETF with cash creation/redemption policy

Ark Invest and 21Shares amended their joint application for a spot Ethereum exchange-traded fund (ETF) in a Feb. 7 S-1 filing. According to one section, financial firms that are allowed to purchase and redeem ETF shares will only have access to cash creations and redemptions. They will not have access to in-kind creations and redemptions involving ETH.

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https://t.me/DeFi_Ethereum Open / Comment

2024-02-07 20:04:59 Thailand waives value-added tax on crypto gains: report

Thailand has extended its value-added tax exemption on cryptocurrency trading in an attempt to develop the country into a digital asset center, according to local media. The Bangkok Post reported on Wednesday that the Ministry of Finance has relaxed rules by suspending the requirement to pay a 7% value-added tax on gains from crypto trading. The tax exemption period became effective on Jan. 1, 2024, without an expiration date, according to the report.

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https://t.me/DeFi_Ethereum Open / Comment

2024-02-07 10:25:00 Bitcoin's price rebounds above $43,000 as macro concerns temper some optimism

The price of bitcoin has rallied back above the $43,000 mark with the volatile price action causing the liquidation of over $66 million in leveraged cryptocurrency positions. The world's largest cryptocurrency by market capitalization increased by over 1.8% in the past 24 hours to $43,317 at 12:00 p.m. ET, according to The Block's Price Page. The price action caused the liquidation of over $15 million in bitcoin leveraged positions, according to Coinglass data.

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https://t.me/DeFi_Ethereum Open / Comment

2024-02-06 21:02:24 Bitcoin's price decline has been exacerbated by miners selling reserves ahead of halving, Bitfinex says

Bitcoin's price has pulled back below the $43,000 mark, as the digital asset faces downside pressure from miners selling their reserves on the market. "Much of the recent price falls in bitcoin, particularly following the approval of spot bitcoin ETFs by the SEC, can be attributed to selling by bitcoin miners, who used the run up in BTC as a catalyst to exit, or leverage, their positions," Bitfinex analysts said in a report on Tuesday.

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https://t.me/DeFi_Ethereum Open / Comment

2024-02-05 21:10:01 Hacked crypto funds falls 98% YoY to $1.9 billion as US leads attacks: Report

According to crypto security firm Hacken’s end-of-year report, last year marked a notable reduction in the scale of financial damages from hacks and scams. Total losses amounted to $1.9 billion, starkly contrasting the staggering figures recorded in previous years. The decrease in lost value signals a significant advancement in the industry’s efforts to fortify security measures and address vulnerabilities more effectively.

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https://t.me/DeFi_Ethereum Open / Comment

2024-02-05 08:10:00 Pro-Bitcoiner El Salvador exit polls show Nayib Bukele to win election

Pro-Bitcoiner Nayib Bukele is widely expected to run for a second term as El Salvador’s president after new exit poll data indicates his party has won 87% of the votes. Bukele, who leads the “Nueva (New) Ideas” party, reposted an X post from CID Gallup on Feb. 5, showing him his party holding 87% of votes, while his closest competitors Manuel Flores and Joel Sanchez hold 7% and 4% of the votes, respectively. Should the official results show a similar lead, he would serve as president until 2029.

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https://t.me/DeFi_Ethereum Open / Comment

2024-02-04 20:35:30 Crypto Trading Volumes Reached a 12-Month High

Analysts at blockchain analytics firm CryptoRank observed that trading volumes on centralized exchanges rose 10.4% since December 2023 to a 12-month high of more than $800 billion in January. Interestingly, Binance accounted for $400 billion as it appears to recover from the regulatory challenges it faced across several jurisdictions, including the U.S. Despite the increasing regulatory scrutiny, Binance remains the dominant trading platform, commanding an impressive 52% of the market.

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https://t.me/DeFi_Ethereum Open / Comment

2024-02-04 09:15:10 El Salvador Stands Firm on Bitcoin, Defying IMF's Renewed Call to Drop BTC as Legal Tender

El Salvador has reaffirmed its commitment to embracing bitcoin despite the International Monetary Fund’s repeated calls for the country to drop the cryptocurrency as legal tender. The Salvadoran vice president emphasized that not only will El Salvador’s bitcoin law be maintained but at this moment the cryptocurrency also “enjoys the greatest credibility in the entire world.”.

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https://t.me/DeFi_Ethereum Open / Comment

2024-02-03 20:47:02 Binance touts 35% hike in compliance budget as firm girds for monitor, sentencing of ex-CEO Zhao

The world’s biggest cryptocurrency exchange says it’s increased year-over-year spending on compliance from $158 million to $213 million, purchasing a raft of new software systems to block and report suspicious transactions. The increased outlay also reflects personnel costs, including Binance’s decision to bring back executive Steve Christie as its deputy chief compliance officer.

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https://t.me/DeFi_Ethereum Open / Comment