Category: Latest news

[ad_1] The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges. The watchdog made the proposal in its latest consultation report for Nigeria. The move aims to bolster the country’s economic stability while enhancing its status within the African crypto sector. The recommendation comes…

[ad_1] JP Morgan and Wells Fargo are the latest major global banks to disclose exposure to Bitcoin via some of the spot BTC exchange-traded funds launched in January. The two lenders filed their 13F disclosures on May 10, revealing a modest investment in the Bitcoin ETFs. JP Morgan disclosed $731,246 of spot Bitcoin ETF investments…

[ad_1] Coinbase’s non-profit organization called “Stand for Crypto” has launched a political action committee (PAC) aimed at shaping crypto regulation through the 2024 electoral process. Stand With Crypto announced the launch on social media on May 10 and said the PAC will enable its approximately 450,000 members to financially support US Senate and House candidates…

[ad_1] The average transaction fee on Ethereum has reached record lows as more activity moves to the Layer-2 (L2) networks on the chain. According to Ultrasound.money data, the average gas has dropped to 4.81 Gwei — the lowest level since the network completed the Merge event in 2022. Market observers attributed this decline to increasing…

[ad_1] Quick Take US ETFs According to the latest Farside data, US Bitcoin exchange-traded funds (ETFs) experienced outflows on May 9, totaling $11.3 million. Notably, the Grayscale Bitcoin Trust (GBTC) witnessed a $43.4 million redemption, marking its largest single-day outflow since May 2. GBTC has now recorded a total of $17.5 billion in outflows. Six…

[ad_1] The crypto scammer who stole 1,155 Wrapped Bitcoin (WBTC), equivalent to $70.5 million, has begun returning the funds, according to on-chain data. Blockchain security firm Peckshield reported that the attacker had returned 50% of the stolen funds— approximately 11,446.87 ETH worth $34.7 million—to the victim’s address as of press time. 10% bounty This refund…

[ad_1] Quick Take As Bitcoin pushed toward a new all-time high in March, a significant milestone was reached on Feb. 28, with over 99% of the Bitcoin supply in profit. This was the first time since November 2021 that over 99% of the supply had been in profit, according to Glassnode data. Percent Supply In…

[ad_1] Quick Take The Glassnode supply last active (SLA) chart overlays multiple cohorts, each representing a percentage of the circulating supply based on the duration since the coins were last active. These cohorts include 1+ years, 2+ years, 3+ years, and 5+ years. As coins are accumulated by long-term holders (LTHs), these metrics tend to…

[ad_1] Kraken has refuted the Securities and Exchange Commission’s (SEC) claims that its platform listed securities, pointing out that the financial regulator’s arguments attempt to restructure the US financial system beyond its regulatory scope, according to a May 9 court filing. Investment contract Kraken stated that the SEC could not pinpoint tradable investment contracts on…

[ad_1] Japan-based Metaplanet has acquired additional Bitcoin, according to a May 10 disclosure statement on social media platform X. The firm revealed that it bought 19.87 BTC on April 23 at an average price of 10.06 million yen, equivalent to $64,664 each. This purchase amounted to 200 million yen, approximately $1.28 million. This acquisition brings…