Gensler made fun of the cryptocurrency business a few days ago and claimed that it is replete with fraud, misuse, and misbehaviour. In a similar vein, he made the same claim again in his most recent appearance before the House Committee on Financial Services.  On September 27, 2023, at 10 a.m. Eastern Standard Time, a hearing titled “Oversight of the […]

Sam Bankman-Fried, the founder and former CEO of FTX, is scheduled to stand trial starting Oct. 4 for multiple charges, including seven counts of fraud and conspiracy. The case, slated to last 21 days in court or possibly longer, could have profound implications for the crypto industry, given FTX’s influence as a leading crypto exchange. The Department of Justice is […]

Ethereum price is attempting a fresh increase above $1,650 against the US Dollar. ETH could accelerate higher if it clears the $1,670 resistance. Ethereum is attempting a fresh increase above the $1,620 level. The price is trading above $1,620 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,645 on the hourly […]

Investment manager VanEck has fired up the marketing engine for its “upcoming” Ethereum futures exchange-traded fund (ETF), which some analysts expect could be launched as early as Oct. 2. On Sept. 28, VanEck released the two “Enter the Ether” themed TV commercials, revealing that its Ethereum Strategy ETF — tickered EFUT — is “coming soon.” The commercials came on the […]

Popular Singapore-based cryptocurrency exchange Crypto.com has announced a new partnership with PayPal and Paxos for it to become a preferred exchange for the PayPal USD (PYUSD) stablecoin that the payments giant launched last month. The cryptocurrency exchange has said in a press release that it has already listed PYUSD on its platform for both retail and institutional investors and is […]

According to a recent FOX Business report, Valkyrie Investments has secured approval from the Securities and Exchange Commission (SEC) to launch the first exchange-traded fund (ETF) featuring Ethereum (ETH) futures.  This achievement positions Valkyrie as the frontrunner among nine issuers seeking to provide investors with an opportunity to speculate on the future price of the world’s second-largest digital asset through […]

Asset management firm Valkyrie will begin offering exposure to Ether (ETH) futures to United States investors through its existing Bitcoin Strategy exchange-traded fund, or ETF. A Valkyrie spokesperson told Cointelegraph on Sept. 28 that the firm’s Bitcoin (BTC) Strategy ETF will allow investors access to ETH and BTC futures “under one wrapper”, making it one of the first firms to […]

The world’s flagship crypto, Bitcoin (BTC), is showing some signs of tension. While external events frequently steer its course, the latest headwinds arise from within its mining community, as recent data suggests mounting selling pressure from Bitcoin miners. Miles Deutscher, a seasoned crypto analyst, has been vocal about this emerging trend, casting light on what might be a significant underlying […]

A report from blockchain data analytics platform Chainalysis has revealed that the majority of crypto transactions in the United Arab Emirates (UAE) from July 2022 to June 2023 have been whale transactions, crossing over $1 million each.  Majority Of UAE Crypto Transactions Exceeds $1 million  The report from Chainalysis reveals that institutional investments accounted for the majority of cryptocurrency transactions […]