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Coinbase has formed a coalition with industry giants from across the tech sector to combine resources and expertise to tackle the growing issue of online fraud and financial schemes.
The “Tech Against Scams” coalition includes industry giants like Match Group, Meta, Kraken, Ripple, Gemini, and the Global Anti-Scam Organization (GASO).
Unified effort necessary
The coalition highlights the...
On-chain analytics firm CryptoQuant warned that ETH prices could fluctuate if pending spot Ethereum ETFs encounter uncertainties.
It warned that ETH could undergo a “significant price correction” if the SEC denies ETH ETF applications or delays the approval process.
Furthermore, high exchange flows could produce ETH price volatility in the coming days. Amid rumors of pending spot ETH ETF...
The World Economic Forum (WEF) has issued a stark warning about the vulnerabilities in central bank digital currencies (CBDCs), urging the implementation of quantum-resistant strategies to safeguard these digital currencies from emerging cybersecurity threats.
According to a recent WEF report developed with insights from Accenture experts, quantum computing poses significant risks to current...
The First District Court of Appeals in Florida has nullified an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US, according to a court filing on May 22.
Earlier this year, Florida’s regulator banned Binance.US from serving its residents, citing “immediate danger” to the public as the reason for its decision. The regulator also pointed to Changpeng...
Geneva, Switzerland, May 22, 2024 – TRON DAO, a leading innovator in blockchain technology, showcased its prowess as a Silver Sponsor at the prestigious DC Blockchain Summit held in Washington DC on May 15, 2024. This pivotal event gathered the most influential figures in blockchain and digital assets to engage with top policymakers and regulators, shaping the discourse on the future of...
Quick Take
A report compiled by wealth management firm Incrementum, shared by Tuur Demeester, a researcher at Adamant Research sheds light on the growing institutional interest in Bitcoin. The research, titled “The New Gold Playbook,” highlights the increasing resemblance of Bitcoin to gold, supported by various charts.
Incrementum’s data show that central bank gold holdings have risen, and US...
Bitcoin dropping below $60,000 at the beginning of May spooked the market and led to significant volatility across trading products. However, despite the massive volatility in derivatives, the spot market seems to have led most of this recovery, with volumes and inflows helping stabilize BTC at around $66,000 in mid-May. After a choppy few days where BTC struggled to break through $66,000, we saw...
Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), issued a statement on May 22 expressing strong opposition to the Financial Innovation and Technology for the 21st Century (FIT21) Act.
The FIT21 Act is widely celebrated for offering regulatory clarity to the crypto industry. However, Gensler has criticized it, arguing that the bill would weaken current consumer...
Quick Take
According to Newhedge data, Bitcoin’s difficulty is set to adjust tomorrow at around 9 am GMT on May 23, with a slight increase expected, just under 1%. This adjustment is significant as it follows the recent Bitcoin halving. The previous adjustment saw the largest difficulty drop since 2022 due to a decline in the hash rate, which fell approximately 12% from peak to trough.
However,...
Grayscale’s Ethereum Trust (ETHE) discount has shrunk to under 10%, its lowest level since 2021, amid growing expectations for approving a spot Ethereum exchange-traded fund (ETF).
As of May 21, market data from YCharts shows the ETHE discount rate has narrowed to 6.66%. The “discount” indicates when ETHE shares trade below their net asset value (NAV).
ETHE Discount or Premium. (Source: YCharts)...