Author: e_cash_top
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Philippines to launch CBDC within 2 years to counter rising crypto use
[ad_1] The Philippines central bank, or Bangko Sentral ng Pilipinas, is preparing to launch a Central Bank Digital Currency (CBDC) in the next two years to counter the rising use of crypto in the country, according to local media reports. Central Bank Governor Eli Remolona Jr. announced the plan on Feb. 12 and said the…
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Gary Gensler answers lawmakers about X breach and fake Bitcoin ETF approval
[ad_1] Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), has responded to lawmakers regarding a breach of the SEC’s X account. On Jan. 9, an unknown actor performed a SIM swap attack on the SEC’s X account then published a false message stating that the SEC had approved various spot Bitcoin ETFs.…
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Solana hits 100k preorders for second mobile device, five times original production
[ad_1] Solana Mobile said in a Feb. 12 announcement that it has attained 100,000 preorders for its upcoming “Chapter 2” mobile device. The firm said that those 100,000 preorders occurred over less than 30 days, noting that this number means that the early preorder price ($450) will end in 48 hours. Solana Mobile’s website adds…
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Franklin Templeton files for spot Ethereum ETF, becoming ninth applicant overall
[ad_1] Franklin Templeton has become the latest asset manager to apply for a spot Ethereum exchange-traded fund (ETF) with the publication of a Feb. 12 filing. The company detailed its plans in an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC). Like other similar proposals, the fund will issue shares representing its…
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Short-term Bitcoin holders send over $4B in profit to exchanges
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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SafeMoon SFM token drops 6% following $11 million liquidity drain
[ad_1] More than $11 million worth of digital assets were removed as liquidity from various pools of the controversial crypto project SafeMoon, according to blockchain security firm Cyvers Alert. Following the news, SafeMoon’s SFM token fell 6% to $0.00003134 as of press time, according to CryptoSlate’s data. Liquidity removed In a Feb. 12 post on…
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Korean watchdog to ban crypto exchanges that fail to meet stringent new regulatory standards
[ad_1] The Korea Financial Intelligence Unit (KoFIU) announced a sweeping plan to enhance supervision of the crypto industry, which includes expelling crypto exchanges that fail to meet stringent operational standards, according to local media reports on Feb. 12. The initiative is part of South Korea’s effort to bolster financial oversight and consumer protection in the…
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Crypto AUM reaches two-year peak of $59 billion driven by US Bitcoin ETF inflows
[ad_1] Large inflows into the newly launched spot Bitcoin Exchange-Traded Funds (ETFs) in the United States have propelled the assets under management (AUM) for crypto-related investment products to a two-year high of $59 billion, according to CoinShares’ latest weekly report. US dominate flows During the past week, digital asset investment products witnessed significant inflows totaling…
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Why Grayscale says this one’s different
[ad_1] The countdown to Bitcoin’s highly anticipated halving event is on, with fewer than 10,000 blocks left as of Feb. 12. According to the Bitcoin Halving Clock, approximately 9,843 blocks remain before the event, which is estimated to occur by April 17. The halving event is significant for the crypto industry because it enhances Bitcoin’s…
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Why did Bitcoin’s market cap surge by over $102 billion while realized cap only grew by $4 billion?
[ad_1] Bitcoin’s price saw a significant increase in February, jumping from $43,049 at the beginning of the month to $49,900 on Feb. 12, as of press time. Crossing $49,000 marks a significant milestone for BTC, as it indicates the potential to breach the $50,000 resistance and move closer to its all-time high. Alongside its price…