Bitwise anticipates a surge in institutional investment into Bitcoin ETFs in the coming months as major financial institutions, known as “wirehouses,” start offering Bitcoin ETF trades to their clients. Matt Hougan, Bitwise’s Chief Investment Officer, shared a number of insights during a CNBC interview on Feb. 29, stating that the initial interest in Bitcoin ETFs has primarily come...
The House Financial Services Committee (HSFC) recently cast votes on a resolution aimed at nullifying a guideline from the United States Securities and Exchange Commission (SEC), which has been a barrier for banks wishing to engage in cryptocurrency custody services. During a markup hearing held on Feb. 29, the resolution saw support from both sides of the political spectrum,...
El Salvador’s President Nayib Bukele recently shared insights on X about the nation’s Bitcoin investments, revealing a potential profit margin of over 40% from its holdings. Bukele highlighted that despite previous criticisms during Bitcoin’s price lows the current market upswing would result in substantial gains if the assets were liquidated now. El Salvador, which adopted Bitcoin as legal tender alongside the...
Magic Eden, in collaboration with Yuga Labs, has launched a new Ethereum marketplace today, marking a significant milestone as the industry’s first major Ethereum platform that adheres to creator royalties. This partnership between Magic Eden, a leading cross-chain NFT platform, and Yuga Labs, a forefront web3 lifestyle and media company known for Bored Ape Yacht Club (BAYC) and...
Solana’s (SOL) market value has surged to new yearly highs, gaining 13.7% in the last 24 hours, as its price rose from $108 to $123.80 amidst a wider cryptocurrency market rally. The latest surge is attributed to a wave of purchases of the dogwifhat (WIF) memecoin, a digital asset based on the Solana blockchain. The memecoin, featuring...
The U.S. government allegedly transferred Bitcoin (BTC) from two wallets that contained funds confiscated in the 2016 Bitfinex hack. According to Arkham Intelligence, on Feb. 28, from approximately 18:39 UTC to 19:55 UTC, U.S. authorities transferred almost a billion dollars worth of Bitcoin in four transactions. First, the wallet transferred 1 BTC worth $60,200 (at the time...
LONDON/WASHINGTON (Reuters) - The launch of U.S. exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of cryptocurrencies and the traditional financial system, potentially creating unforeseen new risks, some experts say. The Securities and Exchange Commission (SEC) this month approved 11 spot bitcoin ETFs from issuers including BlackRock and Invesco/Galaxy Digital, in a watershed...
LONDON (Reuters) - Bitcoin has fallen over one fifth since its peak earlier this month, hit after the United States approved its first spot bitcoin exchange traded fund (ETF), as investors who had bought in expectation of the approval sold after the confirmation. The world's largest crypto currency was last at $38,900, down 20.6% from around...
In an op-ed on Bloomberg Law, Steven Merriman and Jim Vivenzio of Perkins Coie raised concerns over FinCEN’s latest move to crack down on crypto mixers. The Financial Crimes Enforcement Network (FinCEN) is pushing for financial institutions to impose new compliance measures in its latest reporting plan, focusing on crypto transactions involving” convertible virtual currency (CVC) mixing.” According to...
Manta Network has successfully resumed normal operations after overcoming technical issues, as reports of money laundering involvement emerge. On Jan. 18, the Manta network experienced a DDoS attack that temporarily disrupted its operations. The attack, which began at 9:30 AM UTC, coincided with the network’s Token Generation Event (TGE). It’s noteworthy that the incident follows closely after the...
