Andrew Horowitz believes that the approval of a spot Bitcoin ETF would be a game-changer and attract new money. He also believes that it could lead to Bitcoin being included in 401(k) plans, making it more appealing to everyday investors. Horowitz is also bullish on Ethereum, and believes that it has the potential to shake up traditional finance. Renowned financial […]

BlackRock Inc., a prominent asset management firm, the company has brought attention to the potential threats that stablecoins pose to the Bitcoin market. This disclosure, part of a publicly filed document submitted to regulatory bodies, sheds light on the intricate challenges and intricacies within the ever-evolving landscape of cryptocurrency. BlackRock Shed Light’s on Stablecoin Volatility BlackRock’s document emphasizes the indirect […]

Disney has created a nonfungible token (NFT) platform together with blockchain and metaverse firm Dapper Labs. According to the Nov. 14 announcement, Disney will tokenize its iconic cartoon characters from the past century onto its NFT marketplace, dubbed Disney Pinnacle. The platform will also include icons from Pixar as well as heroes and villains from the Star Wars galaxy, uniquely styled […]

In the world of cryptocurrency, concerns arise as FTX Derivatives Exchange hints at a possible liquidation of over 250,000 Solana (SOL) tokens, valued at approximately $13.6 million. Meanwhile, this move has triggered a reaction in the market, impacting SOL prices. FTX Initiates On-Chain Transfer In a strategic move, FTX Derivatives Exchange has initiated an on-chain transfer of 250,000 SOL tokens […]

Is it real, or is it fake? Rumors of Black Rock ETF filing made the price blip. Bitcoin had its fair share of false ETF alarms before, and now it’s XRP’s turn, causing over $6 million in liquidations due to the subsequent market frenzy. Can we say it is a sneak peek into an upcoming XRP ETF, or are we […]

An employee of FTX’s charity wing recruited by FTX co-founder Sam Bankman-Fried is trying to get paid $275,000, the remainder of his claimed 2022 salary bonus. Ross Rheingans-Yoo’s lawyers argued in a Nov. 13 court filing that only $375,000 of his $650,000 bonus was paid by FTX. They claim the remaining funds were owed when the crypto exchange filed for […]

The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted a comment letter mainly in opposition to tax regulations proposed by the Internal Revenue Service (IRS). In a Nov. 13 letter, the Blockchain Association (BA) said proposed IRS rules introduced in August aimed at regulating the sale and exchange of digital assets by brokers exceeded the government body’s authority […]

Decentralized U.S. dollar stablecoin protocol Raft claims that despite multiple security audits, the firm still suffered a security exploit leading to the loss of $6.7 million last week. According to the project’s Nov. 13 post-mortem report, a few days prior, a hacker borrowed 6,000 Coinbase-wrapped staked Ether (cbETH) on decentralized finance protocol Aave, transferred the sum to Raft, and minted […]

Major stablecoin issuer Tether has been increasingly minting new USDT (USDT) tokens, issuing 4 billion USDT over the past month. Tether issued another 1 billion of Tether on the Tron blockchain on Nov. 10, blockchain data provider Whale Alert reported. The latest USDT minting came just a few days after Tether issued another 1 billion USDT on Ethereum on Nov. […]