Category: Latest news

[ad_1] Bitwise Asset Management said that it has no connection with another firm of the same name whose founders are facing charges. The asset management firm wrote on Nov. 9: “San Francisco-based Bitwise Asset Management, Inc., the largest crypto index fund manager in America, has no relationship with, and has never had a relationship with,…

[ad_1] The European Parliament said on Nov. 9 that it has voted in favor of a Data Act that will set out rules in various areas, including smart contract development. The current announcement says that the act has been adopted with 481 votes in favor and 31 votes against, with 71 abstaining votes. The act…

[ad_1] The failed crypto lending firm Celsius Network has been cleared to exit bankruptcy and enact its recovery plan, Bloomberg reported on Nov. 9. That report indicates that the company won approval in bankruptcy court to convert its business into a creditor-owned Bitcoin (BTC) mining firm. The plan will also see the company compensate users…

[ad_1] Irina Dilkinska, who reportedly served as “Head of Legal and Compliance” for the supposed crypto project, pleaded guilty to charges of wire fraud and money laundering on Nov. 9 in a Manhattan federal court. The announcement was made by U.S. Attorney for the Southern District of New York Damian Williams. OneCoin, founded in 2014…

[ad_1] German Parliamentarian Joana Cotar spoke out against introducing a Euro-based central bank digital currency (CBDC), claiming that “no one needs it.” Cotar stated in a speech on Nov. 9 that the ECB and politicians backing a digital euro are doing so because they want total surveillance of the monetary system. Bitcoin is healthy money…

[ad_1] BlackRock’s move to register an iShares Ethereum Trust in Delaware signaled a potential game-changer for Ethereum as an institutional-grade investment. Ethereum (ETH) surged on the news, breaking above $2,000 for the first time since July. Understanding the ETH/BTC ratio’s behavior is crucial in dissecting the market’s response to such developments, offering an alternative perspective…

[ad_1] Quick Take Bitcoin’s trajectory on Nov 9 presents a compelling case study in market volatility. Briefly touching $38,000, Bitcoin’s price has since dialed back to settle at $36,500. This short-lived surge drove Bitcoin’s market cap from an initial $715B to a zenith of $740B, before receding back to $715B. The noteworthy aspect is the…

[ad_1] BlackRock has taken the initial step toward filing for a spot Ether ETF, with the iShares Ethereum Trust recently registered in Delaware. This move is reminiscent of BlackRock’s iShares Bitcoin Trust, which was registered in a similar fashion seven days before the ETF application was filed with the U.S. Securities and Exchange Commission (SEC).…

[ad_1] Coinbase-backed Base has seen a substantial drop in decentralized finance activities on the network, with the total value of assets locked (TVL) dropping by around 30% in the last two months. Data from DeFillama shows that the Ethereum (ETH) layer2 network’s TVL has dropped by more than 30% to $284.59 million from its September…

[ad_1] Quick Take Over the 48-hour period of Nov. 7 and 8, short-term holders, specifically those who have maintained their Bitcoin investments for less than 155 days, have extracted a staggering $1.8B in profits. This massive profit-taking marks one of the highest volumes observed this year, rivaled only by instances such as the aftermath of…