Bitcoin exchange-traded funds (ETFs) have long been considered the pinnacle of the crypto market—once approved, they would legitimize the industry and push it into the mainstream. The lack of action from the U.S. Securities and Exchange Commission (SEC) might indicate that there’s very little improvement happening in this field. However, with new filings being submitted …
Continue reading “The US SEC currently has 19 pending Bitcoin ETF applications”
Metaplex Studios announced today the appointment of Adam Jeffries as the Chief Executive Officer. The Solana-powered on-chain protocol for minting and auctioning NFTs has processed over $200 million worth of SOL on its platform since July 2021, and is looking to bolster its reach. Bringing with him more than a decade of experience in user …
Continue reading “Ex-Google exec to head Solana NFT marketplace Metaplex”
James Bowater founded CryptoAM as a section within the respected online CityA.M. publication dedicated to crypto and blockchain industry news. A highly active community member, James organizes online and in-person networking events and industry conferences, including the DeFi & Digital Inclusion Summit and multiple industry awards events across Europe and the Middle East. As an …
Continue reading “How institutions perceive crypto: A Cryptonites evening with James Bowater”
‘DeFi is really eating the world of finance,’ says Kraken CEO The emergence of cryptocurrencies such as Bitcoin and Ethereum made it obvious how much traditional markets lack transparency and are stacked against the “little guy,” Jesse Powell, CEO of crypto exchange Kraken, told Yahoo! Finance in an interview published on Friday. 2 min read …
Continue reading “Kraken fined $1.25 million by CFTC for offering Bitcoin, crypto futures”
On Tuesday, Salvadoran president Nayib Bukele shared a video of a bitcoin mine operating adjacent to a volcano. Bukele discussed the volcano-powered bitcoin mining on June 9 when he talked about the “95MW of 100% clean, 0 emissions geothermal energy from our volcanos.” El Salvador’s Nayib Bukele Shares a Video of the ‘First Steps’ Behind …
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In search of ways to heal its travel industry, hurt by the pandemic, Thailand is now recognizing an opportunity to tap into a growing market of cryptocurrency holders. Fostering a “cryptourism atmosphere” is what the country’s tourism agency intends to do, including by minting a new token and facilitating bitcoin card payments. Tourism Board of …
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press release PRESS RELEASE. Zug, Switzerland: SwissOne Capital AG, a specialized digital asset manager with a focus on blockchain investment funds, has partnered with ISP Securities AG for the launch of their Smart Index Crypto Fund Tracker Certificate. This fund tracker certificate is the first of its kind to capitalize on 50 of the best-performing …
Americans are not only worried about future inflation, but they are also dealing with dwindling purchasing power in real-time. Meanwhile, on Thursday, Federal Reserve chairman Jerome Powell plans to address the Senate Banking Committee and discuss inflation. In the remarks pre-published from Powell’s speech, the Fed chair noted that the recent inflation spike may last …
A federal official says that Ethereum (ETH) researcher Virgil Griffith has admitted to violating the U.S. International Emergency Economic Powers Act by assisting North Korea to evade sanctions. In a statement, United States Attorney for the Southern District of New York Audrey Strauss says that Griffith has pled guilty to helping the Democratic People’s Republic …
Crypto veteran Bobby Lee says Bitcoin (BTC) is overdue for a massive FOMO (fear-of-missing-out) rally this market cycle. In a new interview with Bloomberg, the former CEO of China’s biggest crypto exchange BTCC says that the timing of China’s latest crackdown on cryptos mirrors the 2017 market cycle shortly before Bitcoin rallied hard. ADVERTISEMENT …
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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler is issuing yet another warning to the crypto industry. While speaking at the Code Conference earlier this week, Gensler told attendees that cryptocurrency trading and lending venues should become regulated, Bloomberg BNN reports. ADVERTISEMENT Gensler says, “There’s trading venues and lending venues where they coalesce …
The Federal Bureau of Investigation (FBI) is alerting crypto owners about online romance scams that have cost investors over $133,400,000 in the first seven months of 2021 alone. Between January 1 and July 31, more than 1,800 people reported being defrauded by fake romantic partners claiming to be knowledgeable about crypto investing in order to …
High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels of activity across the cryptocurrency ecosystem. Since the completion of Ethereum’s London hard fork, …
The judge in the class-action lawsuit filed in the Southern District of New York against stablecoin issuer Tether and crypto exchange Bitfinex has granted motions to dismiss many of the claims in the case. According to court documents filed Tuesday in the Southern District of New York, District Judge Katherine Polk Failla has granted motions …
Continue reading “Tether scores win in class action case as court dismisses RICO claims”
Decentralized exchange dYdX’s native token DYDX surged by nearly 80% this week as traders assessed its potential against China’s recent ban on crypto transactions. The DYDX price hit a new high of $26.50 on the FTX exchange after trading at around $13 a week ago. The China ban was an apparent boost for the dYdX …
Continue reading “DYDX gains 80% in a week — What’s driving the DEX token rally?”
