🔸️Ethereum | Bitcoin & Altcoin News

2024-03-27 19:11:04 Grayscale CLO believes spot ether ETFs 'should be approved'

Though there has been conversation surrounding a supposed lack of engagement from the United States Securities and Exchange Commission about applications for spot ether exchange-traded funds (ETFs), Grayscale's Chief Legal Officer, Craig Salm, believes the highly anticipated products "should be approved.". "All of these issues were figured out and are identical when comparing spot Bitcoin to Ethereum ETFs," Salm claims.

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2024-03-25 19:25:00 Ethereum and L2s on track to beat Bitcoin for active addresses

The pupper with the woolly hat (WIF) is close behind with a 16% bounce. WIF spent most of the past week in the red after a healthy 30% retracement, and is still one of the worst performing top-100 cryptocurrencies over the past seven days. Cryptocurrencies for alt blockchains Quant (QNT), NEAR and TON (TON) are close behind, with between 15% and 11% over the past day. Bitcoin (BTC) at $67,000 is otherwise up 2.1% to ether’s (ETH) 1.4%. eCash (XEC), ronin (RON) and stacks (STX) are the worst of the front-page, each slipping between 6.5% and 4.2% today as of 9:15 am ET.

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2024-03-24 21:35:22 Ethereum ICO Whale Awakens, Moves 2000 ETH Amid Ongoing Recovery

An Ethereum (ETH) Initial Coin Offering (ICO) participant has woken up after more than 8.7 years of staying dormant, a move that has sparked speculations in the broader digital currency ecosystem. The first action orchestrated by the whale according to data from the crypto analytics platform Lookonchain is to transfer the sum of 2000 ETH worth as much as $6.7 million based on the current market price of the digital currency at $3,350 level.

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2024-03-24 09:10:10 Hospitality worker caught with $2.5B Bitcoin found guilty of money laundering

A hospitality worker has reportedly been found guilty of money laundering in a United Kingdom specialized court for major fraud cases, following the discovery of $2.5 billion worth of Bitcoin in her possession. According to a recent BBC report, the Southwark Crown Court has found Jian Wen of laundering money using Bitcoin to purchase "multi-million pound houses and jewellery.".

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2024-03-23 19:59:57 Anonymous crypto wallets now illegal in the EU

In a recent regulatory development, cryptocurrency payments of any size using unidentified self-custody crypto wallets are now effectively illegal in the European Union (EU). This decision is part of a set of new anti-money laundering laws (AML) in the continent. Notably, Dr. Breyer is a member of the European Parliament for the Deutsch Piraten Partei and one of the two leaders who opposed this approval. Gunnar Beck was the other Parliament member who voted against it, representing the Alternative for Germany (AfD) party.

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2024-03-23 11:09:57 Spot Ethereum ETF approval in May seems 'extremely unlikely,' says Galaxy's Thorn

Approval for spot Ethereum exchange-traded funds in May now seems "extremely unlikely," according to Alex Thorn, head of firmwide research at Galaxy Digital. Recent reports that the Securities and Exchange Commission has issued subpoenas to crypto firms regarding their relationship with the Ethereum Foundation, coupled with the SEC's lack of active engagement with ETF applicants just two months before the first deadline, have cast significant doubt on the May approval, Thorn wrote in a note on Friday.

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2024-03-22 21:19:57 Google adding Ethereum Name Service data into search results through Etherscan

Tech giant Google has integrated Ethereum Name Service (ENS) data into its search results through data available from Etherscan. CryptoSlate confirmed this feature by testing it with several ENS addresses, including Vitalik.eth, an address belonging to Vitalik Buterin, the co-founder of the Ethereum blockchain network. The displayed result showed the address details like the Ethereum balance and the timestamp of the last transaction. The data was collected from Ethereum block explorer Etherscan.

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2024-03-22 10:54:58 JPMorgan says bitcoin remains in 'overbought territory' despite recent correction

Bitcoin underwent a sharp correction last week before rebounding this week, but it still remains in "overbought territory," according to JPMorgan analysts, suggesting that the largest cryptocurrency by market capitalization could fall further. JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a note on Thursday that two metrics — JPMorgan's futures position proxies and the bitcoin futures price premium over the spot — suggest bitcoin is still overbought.

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2024-03-21 20:59:58 FTX estate faces estimated $3 to $5 billion in US government claims amid bankruptcy proceedings, court filing shows

U.S. government claims against the bankrupt crypto exchange FTX are expected to total between $3 and $5 billion, according to a court filing on Wednesday, subject to change and negotiations with applicable authorities. However, it is important to note that in accordance with Chapter 11 priorities for the estate, FTX customers, Alameda Research lenders, administrative expenses, and non-governmental creditor claims will be paid out before any government and tax claims.

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2024-03-21 11:09:58 SEC subpoenaed firms that dealt with the Ethereum Foundation: Fortune

The U.S. Securities and Exchange Commission issued subpoenas to firms that dealt with the Ethereum Foundation, reports Fortune, citing people familiar with the matter. Fortune reports that the regulator's investigations also required firms to provide documents and financial records related to Ethereum Foundation interactions. The Ethereum Foundation is a non-profit based in Switzerland that develops and manages the Ethereum blockchain.

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