Tag: cryptocurrency

The recent rally in Bitcoin Exchange-Traded Funds (ETFs) has ignited a resurgence in the digital asset investment arena, instilling confidence within the crypto community. James Butterfill, CoinShares’ Head of Research, notes a significant milestone as Bitcoin ETFs attracted an impressive inflow of $862 million last week, marking a notable turnaround.

The ruling issued in July 2023, which designated XRP as a “non-security” in secondary market transactions, is encountering challenges. Concerns have been raised by two federal judges regarding the application of the Howey Test to XRP, suggesting that the token might be deemed an unregistered security.

The US and UK authorities have intensified their crackdown on entities associated with financing terrorism through cryptocurrencies following the October 7th attacks on Israel. This week, the US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) imposed new sanctions on two individuals and three entities. The sanctions are linked to their alleged involvement in fundraising for Hamas, the Palestinian Sunni Islamist political entity.

A recent advancement in cryptographic research has stirred significant concerns regarding the security of Bitcoin (BTC) and other digital assets reliant on the SHA-256 algorithm. The issue gained traction after a tweet from OneKey, a provider of crypto wallet solutions, went viral, posing the question “SHA-256 Collisions Breakthrough: Is Crypto Rekt?” alongside an image from an academic presentation.

Despite the prevailing bear market conditions, Turkish investors are displaying remarkable resilience in their pursuit of cryptocurrencies, highlighting a steadfast belief in the digital asset class. While global markets witness fluctuations and uncertainty, Turkey stands out as a nation where interest in cryptocurrencies continues to thrive, showcasing a robust demand that persists despite challenges.

Consensys, a prominent hub for blockchain technology, has submitted proposals to the U.S. Securities and Exchange Commission (SEC) with friendly initiatives. However, the firm’s proposal emphasizes the robust security systems entrenched in the Ethereum blockchain, notably the Proof of Stake (PoS) technique. The SEC receives numerous comments and requests regarding Ethereum ETF applications.

Solana’s native cryptocurrency SOL has been on a continuous upward trajectory over the past three days, rising from approximately $180 to surpass $210. However, a subsequent pullback occurred, causing the price to dip below the $200 mark. As of the time of writing, the SOL coin price has settled at $197. The question arises: Can SOL coin attain a new all-time high from this point onward?

So, it has finally occurred. Sam Bankman-Fried, known by many as a dubious character, has been handed a prison sentence of 25 years. While some may argue it’s not enough, it’s a significant development nonetheless. The entire cryptocurrency community has been abuzz with a sense of relief and vindication over the past twenty-four hours. This event led me to ponder another figure in the crypto realm whom the U.S. legal system has its sights set on – Changpeng “CZ” Zhao.

The global deployment of Bitcoin ATMs is witnessing a significant uptick post the Bitcoin halving, as forecasted by the CEO of a leading Bitcoin ATM operator. Brandon Mintz, CEO of Bitcoin Depot, predicts a worldwide surge in installations, attributing this trend to the usual spike in crypto FOMO (fear of missing out) that accompanies the Bitcoin halving period.

In a move to expand its suite of investment offerings, Grayscale Investments, a leading digital currency asset manager, has announced the launch of its new Dynamic Income Fund tailored specifically for accredited investors.