The launch of the Shibarium mainnet — a layer 2 scaling solution for the Ethereum network — appears to have gotten off to a rocky start, at least when it comes to the price of its related tokens. Many Shiba Inu (SHIB) holders had held out hope for a sharp appreciation of SHIB, Shibarium’s governance
The approval for America’s largest digital asset exchange, Coinbase, to offer crypto futures to U.S. retail customers is being seen as a major regulatory victory amid a heated battle with the country’s securities regulator. On Aug. 16, the National Futures Association (NFA) — designated by the U.S. commodities regulator as a registered futures association —
The price of Bitcoin (BTC) will surge past an eye-watering $150,000 by the end of 2024, as long as the current slew of United States spot-Bitcoin exchange-traded funds (ETFs) are approved, according to investment research boutique Fundstrat. In an Aug. 16 interview on CNBC’s Squawk Box, Fundstrat’s managing partner and head of research Tom Lee predicted
Jeremy Koven, the president of Canada-based crypto exchange CoinSmart and president at WonderFi, pointed to areas of concern for crypto firms in the United States looking for regulatory clarity and favorable tax policy. Speaking to Cointelegraph at the Blockchain Futurist Conference in Toronto on Aug. 16, Koven said promoting crypto at casinos and for sports
Canadian financial institutions are increasingly taking an interest in crypto as regulatory clarity emerges in the country, according to WonderFi CEO Dean Skurka, who met up with Cointelegraph at the Blockchain Futurist Conference in Toronto. Skurka claimed that his exchange had seen an uptick in trading by institutions as opposed to retail investors. “What we
Asset management firm Valkyrie has taken a significant step by filing for an Ether or Ethereum (ETH) futures exchange-traded fund (ETF) called “Valkyrie Ethereum Strategy ETF” with the United States Securities and Exchange Commission (SEC). Valkyrie Ether Futures ETF Include Secure Collateral Investments According to the filed documents on August 16, the proposed ETF will
Ripple Labs has voiced its opposition towards the United States securities regulator’s move towards filing an interlocutory appeal relating to the summary judgment laid down by U.S. District Court Judge Analisa Torres on Jul. 13. In an Aug. 16 letter to Torres of the Southern District of New York, Ripple’s lawyers explained that because the Securities
The Ethereum price has been on a rather disappointing run for investors over the last month and this decline has seen it fall to the low $1,800s. As the onslaught continues, the question now is will Ethereum be able to cross the $2,000 resistance before the month runs out? ETH Open Interest On The Rise
El Salvadorian school kids as young as 12 years old are being orange-pilled — taught to send their first Bitcoin (BTC) transaction by visiting members of El Salvador’s Bitcoin Beach. Bitcoin Beach community leader Roman Martínez told Cointelegraph that he believes early-age education on Bitcoin, money and the economy may lay out a framework for
Size and energy allowed Kraken to stay in Canada after the imposition of new registration requirements for crypto exchanges in February. But in spite of the demanding process, the regulatory clarity has benefited the company, Kraken managing director for Canada Mark Greenberg said. Speaking to Cointelegraph’s Sam Bourgi at the Blockchain Futurist Conference in Toronto,
Shiba Inu launched the Shibarium mainnet, an Ethereum layer-2 scaling solution, on Aug. 16 after months of testing that saw millions of users participate and 21 million wallets created. Shibarium is built on a new consensus mechanism called proof-of-participation (PoP), which works by selecting validators in proportion to their quantity of holdings in the associated
Bitcoin (BTC) continues to trade inside a narrow range with no clear signs of a breakout from it. Trading platform QCP Capital said in their latest market update that Bitcoin may remain quiet for a few more weeks before making its move in September. Delphi Digital co-founder Kevin Kelly believes that the cryptocurrency markets are
A federal judge overseeing the civil case between the United States Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance, Binance.US and Binance CEO Changpeng Zhao has ordered a motion for a protective order to go to a magistrate judge. In an Aug. 16 filing in the U.S. District Court for the District of Columbia,
SpiritSwap, a decentralized exchange (DEX) on Fantom, will no longer shut its doors in September after having treasury funds stuck on troubled cross-chain protocol Multichain. In an Aug. 16 community vote, SpiritSwap users passed a resolution to transfer the project to Power, a fellow nonfungible token platform and DEX that is also based on Fantom.
In the most recent update in the legal proceedings of the United States Securities and Exchange Commission (SEC) against Ripple Labs, Judge Torres grants permission for an investment banker declarant to make an appearance. According to a court filing, Judge Analisa Torres granted permission for Andrew A. Kunsak from the law firm Sidley Austin LLP
The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has granted financial services permission (FSP) to virtual assets firm M2 to operate a multilateral trading facility from the United Arab Emirates capital. In an Aug. 16 announcement, the Abu Dhabi-headquartered M2 said the regulatory approval would allow institutional and retail clients
Asset management firm Valkyrie has filed for an Ether (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission. According to documents on Aug. 16, the application is an addition to the company’s previous move to change its investment strategy for a Bitcoin futures ETF in line with the regulator. As per
ConsenSys has completed the launch of its Ethereum scaling rollup Linea, onboarding over 150 partners and bridging more than $26 million in Ether (ETH) to date. Linea went live with select partners onboarded to the alpha mainnet in July 2023, allowing developers to migrate existing decentralized applications (DApps) from Ethereum’s mainnet or other scaling solutions.
When it comes to cryptocurrency/blockchain regulation, considerable attention has been focused, this past year, on the United States’ action (or inaction). But the U.S. is not the world, just one important player, and crypto, from its beginnings, has been a global enterprise. Perhaps, then, it makes sense to step back and ask: What is going
Hardware wallet manufacturer Ledger has integrated its Ledger Live software with PayPal, according to an Aug. 16 joint announcement by the two companies. The integration allows U.S. residents with verified PayPal accounts to buy Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) directly through Ledger Live with no extra verification, the announcement stated.