Crypto | Ethereum | Bitcoin

2024-04-17 09:10:15 Umoja Partners With Merlin Chain to Launch Bitcoin's First High-Yield Synthetic Dollar

The smart money protocol Umoja has joined forces with the Bitcoin layer two (L2) initiative, Merlin Chain, to roll out a Bitcoin-based high-yield synthetic dollar. The newly introduced stablecoin is engineered to uphold a self-sustaining peg via transparent, onchain trading techniques developed by Umoja.

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2024-04-10 11:05:15 Vaneck CEO Expects SEC to Reject Spot Ethereum ETF Applications in May

The U.S. Securities and Exchange Commission (SEC) faces a May deadline to decide on the approval of spot Ethereum exchange-traded funds (ETFs), including applications from asset managers Vaneck and Ark Invest led by Cathie Wood. Several spot bitcoin ETF issuers, including Blackrock, the world’s largest asset manager, and Fidelity, have also filed to launch a spot ether ETF.

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2024-04-09 21:55:33 SEC delays decision on spot bitcoin ETF options

The Securities and Exchange Commission published a notice Monday saying that it "designates May 29, 2024 as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove," allowing the New York Stock Exchange to start listing options on spot bitcoin ETFs. Two spot bitcoin ETFs named specifically were Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust, but the proposal also opened the door to "any trust that holds Bitcoin."

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2024-04-09 09:54:52 Crypto Market Cap to Double to $5 Trillion by Year-End: Ripple CEO

The value of the cryptocurrency market could almost double to $5 trillion by the end of the year, propelled by the January approval of spot bitcoin exchange-traded funds in the U.S. and the mining-reward halving due later this month, according to Ripple CEO Brad Garlinghouse. “I’m very optimistic. I think the macro trends, the big picture things like the ETFs, they’re driving, for the first time, real institutional money,” Garlinghouse said in an interview with CNBC.

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2024-04-08 09:29:53 Cathie Wood calls on US regulators to emulate Hong Kong’s cryptocurrency policies

ARK Invest CEO and chief investment officer Cathie Wood is urging the U.S. to follow Hong Kong’s example in regulating cryptocurrencies. Wood expressed the sentiment in a dialogue at the latest edition of the Hong Kong Web3 Festival, where she spoke on several key topics shaping the future of the blockchain and crypto industries. Wood acknowledged Hong Kong’s rapid development compared to the U.S., particularly in terms of policy leadership and support for innovative technology and entrepreneurship.

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2024-04-07 20:39:54 Bug in Discontinued Lido Staking Service Blocks User Access to Tokens Valued at $24.4 Million

A bug in the smart contract of Lido’s discontinued Solana staking service is reportedly preventing users from withdrawing digital assets valued at more than $24 million. Lido attributes this issue to “a problem with the maintainer bot and the recent update of rent-exempt terms for Solana staking accounts.”. A report said the staking service’s financial unsustainability and low fee revenue were some of the reasons why Lido ended the service more than five months ago. Before that, 92.7% of the Lido community voted in favor of discontinuing the service rather than funding it.

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2024-04-07 11:28:54 Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant

Currently, at a block height of 837,984, there are precisely 2,016 blocks remaining until the forthcoming Bitcoin block halving event, which will reduce the reward from 6.25 BTC to 3.125 BTC. Cryptoquant, in a report shared on the social media platform X last Friday, shed light on how bitcoin (BTC) miners will need to “innovate [and] improve” post-halving. In examining revenue against hashprice, Cryptoquant’s analysts observed that despite daily revenues reaching new peaks, the miner hashprice has plummeted by 30% compared to levels before the last halving, indicating a decline in earnings per unit of computational work.

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2024-04-06 22:24:54 Bitcoin's Path to Halving — Anticipated Increase in Difficulty Sets Stage

In April, bitcoin (BTC) miners face two significant events: the upcoming difficulty adjustment and the subsequent halving. During the last adjustment on March 28, at block height 836,640, the difficulty decreased by a modest 0.98%. However, this reduction may be erased in the next adjustment, which is projected to increase by anywhere from 1.2% to 2.16%. The upcoming difficulty adjustment is anticipated to happen at block height 838,656, providing miners with 1,344 blocks to mine until block 840,000.

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2024-04-06 12:14:55 Coinbase stands strong in consumer lawsuit as case is revived post-appeal

An appellate court has revived a civil lawsuit against Coinbase due to a clerical error despite ruling that the initial dismissal was appropriate. The current ruling largely supported a federal court’s dismissal of the case, noting that the district court “properly dismissed” the plaintiffs’ Section 29(b) complaints. Coinbase chief legal officer Paul Grewal responded to the legal development on April 5, saying that crypto exchanges have no private liability for secondary trading of crypto tokens because “contracts matter.”

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2024-04-05 19:54:55 Brazil Eyes Crypto Taxation Changes in New Bill

Brazil is planning to change the way how cryptocurrencies are being taxed. A new bill that deals with investment taxation for individuals will propose to change how crypto is considered, allowing it to be taxed similarly as shared and capital instruments with a variable exchange rate. According to the proposal to be presented in the coming days to the National Congress, crypto investors will have to pay 15% of the income of the operations made with cryptocurrency.

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