news

Memecoin Leads the Way with Impressive Gains While the overall cryptocurrency market has been relatively stable, some digital currencies have experienced significant movements. On Monday, memecoin (MEME) stole the spotlight with a remarkable surge of 44.28% against the U.S. dollar. This gain made MEME the top performer of the day, capturing the attention of investors […]

Swan Bitcoin's Decision to Terminate Accounts Swan Bitcoin, a prominent bitcoin exchange platform, recently made an important announcement regarding its policies. The company has decided to terminate the accounts of users who directly interact with bitcoin mixing services. This decision comes as a response to the pressure from banking institutions, following a proposal made by

Blackrock Advocates for Spot Ether ETF Approval Blackrock, the world's largest asset manager, is making a case for the approval of spot Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The company believes that the introduction of a spot ETH ETF would be a significant victory for safeguarding U.S. investors in

The Surge in Transaction Costs Over the past three weeks, the transaction costs for bitcoin (BTC) have experienced a sharp increase, reaching a peak of $15 per transfer just three days ago. Similarly, the cost to transfer ethereum (ETH) has also seen a significant jump. From October 22 to November 12, 2023, the average fee

JPMorgan analysts have cautioned that despite recent legal defeats by the Securities and Exchange Commission (SEC) against crypto firms, there is unlikely to be a significant easing of U.S. crypto regulations. The analysts highlighted the lack of regulation in the industry as a reason for continued regulatory tightening. JPMorgan Sees Continued Crypto Regulatory Tightening In

The Rationale Behind Moody's Decision The credit agency Moody's has recently revised the credit outlook of the United States from "stable" to "negative." This decision comes as a result of concerns over persistent large fiscal deficits and diminishing debt affordability. Moody's announcement follows a previous downgrade by Fitch, indicating ongoing apprehension among investors regarding federal

Introduction Standard Chartered's ventures arm, SC Ventures, has announced a partnership with Japanese conglomerate SBI Holdings to establish a digital asset joint venture in the United Arab Emirates (UAE). This joint venture aims to invest in various companies across the digital assets spectrum, including market infrastructure, risk and compliance tools, defi, tokenization, consumer payments, and

Grayscale Investments CEO Discusses Bitcoin ETF Conversion Grayscale Investments CEO Michael Sonnenshein recently spoke about the company's plan to convert its flagship bitcoin trust (GBTC) into a spot bitcoin exchange-traded fund (ETF). In an interview with Bloomberg at DC Fintech Week, Sonnenshein mentioned that Grayscale is actively engaging with the U.S. Securities and Exchange Commission

The value of bitcoin (BTC) has witnessed an impressive surge of over 38% against the U.S. dollar in the last six months, resulting in a remarkable 125% increase year-to-date. Scaling new heights not seen in 18 months, bitcoin's market capitalization has now reached the eleventh position among global assets, joining the ranks of precious metals,

Hong Kong Open to Allowing Trade of Spot Crypto ETFs Hong Kong is currently exploring the possibility of allowing the trading of spot cryptocurrency exchange-traded funds (ETFs) as long as the risks associated with these instruments are adequately addressed. According to Julia Leung, the CEO of the Hong Kong Securities and Exchange Commission, the city