Category: Latest news

[ad_1] Crypto traders’ interest in Solana remains very high as the trading volume for the digital asset surpassed that of Bitcoin and Ethereum on major centralized exchanges during the weekend. Conor Grogan, a director at Coinbase, first pointed out this milestone on Dec. 24, saying SOL saw more trading than the combination of the top…

[ad_1] Chainlink co-founder Sergey Nazarov believes a spot Bitcoin ETF will create a path for institutions to buy Bitcoin en masse, eventually leading to more blockchain products and services. Nazarov shared his insights during a recent interview with CNBC, discussing the transformative potential of blockchain technology in the traditional finance (TradFi) sector. Nazarov’s perspective comes…

[ad_1] Ethereum layer-2 network zkSync’s Era faced a temporary block production halt today but is now back in full operation following a bug-related disruption that lasted over four hours. In a Dec. 25 post on X, the developers confirmed that a bug within its server triggered an automated safety protocol, causing network issues. “The zkSync…

[ad_1] Quick Take As 2023 draws to a close, analyzing options data provides revealing insights into Bitcoin’s perceived value. In the year-end options expiry on Dec. 29, $40,000 stands out as the distinct ‘call wall,’ a term used to describe the price at which the largest number of call options are set to expire. The…

[ad_1] Crypto-related investment products received $103 million in inflows last week, bringing the year-to-date flow to almost $2 billion. Data from CoinShares’ head of research, James Butterfill, showed that Bitcoin-related products saw $87.6 million of the total inflows recorded last week. This brings its monthly flow to $95.5 million and its year-to-date flow to $1.758…

[ad_1] Quick Take The Bitcoin mining industry is experiencing a notable shift in its revenue structure. CryptoSlate’s analysis identified a significant increase in the fees miners earn from processing transactions. Last week, these fees exceeded the standard block reward of 6.25 BTC, suggesting a potential shift away from the traditional way miners generate their income.…

[ad_1] The Japanese government has reportedly ended the imposition of unrealized gains tax on crypto assets held by corporations, local media outlet CoinPost reported. In a Dec. 22 cabinet meeting, the authorities reportedly approved the discontinuation of taxing corporations for unrealized gains derived from cryptocurrencies issued by third parties. This policy change is slated to…

[ad_1] It has been widely accepted that Bitcoin ETF applications have been the main driver for Bitcoin’s return to the April 2022 level at above $40k. The thesis is simple: with a new layer of institutional legitimacy, the capital pool for Bitcoin inflow would deepen. From hedge funds and commodity trading advisors (CTAs) to mutual…

[ad_1] In the decentralized finance (DeFi) space, each blockchain or protocol can be compared to a unique stall in a bustling marketplace. However, there’s a twist: each trader (blockchain) communicates using their rules and language. While this diversity fosters a hotbed of innovation, it simultaneously presents a formidable challenge — the absence of seamless and…

[ad_1] The U.S. SEC has set a strict deadline of Dec. 29 for companies hoping to launch exchange-traded funds (ETFs) tied to spot Bitcoin price, Reuters reported Dec. 23, citing people familiar with the discussions. This significant development emerged from a high-level meeting on Dec. 21, where SEC officials engaged with representatives from leading financial…