Latest Cryptocurrency News, Bitcoin News,Ethereum news
SUMMARY SEC Chair Gary Gensler dismissed inquiries about cryptocurrency during a post-meeting discussion on the U.S. Treasury market. Following a reporter’s question regarding the status of spot bitcoin ETF applications, Gensler emphasized the significance of the $26 trillion Treasury market in supporting the nation’s capital markets, funding the government, and shaping monetary policy. He underscored…
LATEST DEVELOPMENT UPDATE Pudgy Penguins, a prominent NFT project, recently revealed the next phase of its evolution: Pudgy World, a Web3 game leveraging the Ethereum Layer 2 network zkSync Era. Described as an “immersive, digital environment,” this new venture marks a significant stride for the popular NFT brand. The announcement comes amid a period of…
In a quick overview, VanEck envisions the long-awaited U.S. recession arriving in 2024, while still foreseeing approvals for spot bitcoin ETFs and the halving event propelling bitcoin to record highs by Q4. Other predictions from the investment manager for the upcoming year include the absence of an “ether flippening,” Solana’s continued outperformance, a notable resurgence…
Fidelity engaged in discussions with the Securities and Exchange Commission (SEC) on December 7 regarding its proposed spot bitcoin ETF, as outlined in a memo on the regulator’s official website. The asset management giant presented the SEC with a comprehensive overview titled “Bitcoin ETF Workflows,” encompassing slides that elucidate “In-Kind” creation and redemption models. The…
SUMMARY Terraform Labs, the entity behind the unsuccessful Terra stablecoin (UST) and LUNA cryptocurrency, has requested a New York judge to allow a jury to determine the regulatory status of the UST and LUNA tokens. The Securities and Exchange Commission (SEC) opposes this, insisting that the judge should decide. The SEC filed a lawsuit against…
BRIEF OVERVIEW JPMorgan Chase CEO Jamie Dimon, known for his outspoken criticism of cryptocurrency, asserted that he would shut down crypto if he held a government position. Responding to Sen. Elizabeth Warren’s inquiries about anti-money laundering concerns during a Senate Banking Committee hearing, Dimon reiterated his long-standing opposition to crypto, including bitcoin, citing its potential…
SUMMARY: Blockchain data platform startup Shadow, known for its innovative “shadow forks” providing private execution environments mirroring real-time public blockchain states, has successfully raised $9 million in a seed round. The investment, led by Paradigm, includes notable participants such as Coinbase Ventures, Electric Capital, Ethereum Foundation, Uniswap, and Flashbots. Shadow’s inaugural product, now available for…
SUMMARY: Neutron has acquired a 25% stake in Confio, the developer of the CosmWasm programming environment, with the goal of driving CosmWasm adoption and implementing technological enhancements. This strategic collaboration between Neutron, a Cosmos-based smart contracts platform, and Confio is focused on aligning development strategies. The investment amount remains undisclosed. CosmWasm, serving as the default…
SUMMARY Ray Youssef, former CEO of Paxful, has assumed the role of CEO at Noones, a financial communication app with a focus on integrating the Global South into global financial systems. This announcement coincides with the “official launch” of Noones, which has rapidly gained over 400,000 users worldwide within four months of operation. Youssef, known…
BRIEF SUMMARY Franklin Templeton’s CEO, Jenny Johnson, has reportedly diversified her personal investment portfolio by including cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Uniswap (UNI), and SushiSwap (SUSHI) governance tokens. In an interview with Fortune, Johnson revealed that these crypto investments constitute a small portion of her overall portfolio, marking the first public disclosure of her…