Category: News
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BtcTurk’s hot wallets attacked
BtcTurk, a leading crypto exchange in Turkey, suffered a cyber attack resulting in unauthorized access to several of its hot wallets. The exchange detected the attack, revealing that hackers managed to steal crypto balances from some of its hot wallets. In response to the attack, BtcTurk has temporarily suspended all crypto deposits and withdrawals. The…
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Fidelity reveals $4.7M for spot Ethereum ETF
Fidelity has updated its S-1 filing for a spot Ethereum ETF, as per documents submitted to the U.S. Securities and Exchange Commission (SEC) on Friday. The asset management firm is the first to amend its S-1 Registration Statement with the SEC, signaling the start of what ETF analysts predict could be a busy period for…
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Standard Chartered to Launch Spot Crypto Trading for BTC & ETH
Standard Chartered to Launch Spot Crypto Trading for Bitcoin, Ethereum The British multinational banking and financial services firm, Standard Chartered, is set to launch a spot cryptocurrency trading platform for Bitcoin and Ethereum. According to sources, this new venture will handle transactions in these two major cryptocurrencies. Standard Chartered Ready to Launch Crypto Trading On…
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Solana ETF Next in Line?
The investment landscape is witnessing a significant shift with the introduction of the Solana ETF. 3iQ Corp, one of Canada’s leading investment fund managers, has filed to launch the first Solana Exchange Traded Fund (ETF) in Canada, and consequently, in North America. This groundbreaking move places Solana alongside other major digital assets available through traditional…
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Winklevoss twins donate $2M to Trump
The Winklevoss twins have reportedly donated $2M in Bitcoin to Donald Trump’s presidential campaign to end “Joe Biden’s war on crypto”. The twins shared the news on their respective X handles and also pledged to vote for Trump come November. Trump is “pro-Bitcoin, pro-crypto, pro-business”, Cameron Winklevoss declared on X, formerly Twitter, on Thursday. “And he…
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MicroStrategy buys 11.9k more Bitcoin
Michael Saylor’s MicroStrategy, which is the largest corporate holder of Bitcoin bought yet more Bitcoin. 11.9k $BTC worth around $750M+ were bought by the company according to their press release. MicroStrategy shares have surged approximately ten-fold since the company began purchasing Bitcoin four years ago. Similarly, Semler shares have increased by over 60% since the…
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Binance fined for $2.2 Million by Indian Authorities
Major Penalty for Non-Compliance India’s Financial Intelligence Unit (FIU) has fined Binance, the world’s largest cryptocurrency exchange, approximately $2.2 million (18.82 crore INR). The penalty was imposed for providing services to Indian clients without adhering to the nation’s anti-money laundering rules. This enforcement action was announced on Thursday. Key Points: Showcause Notices and Initial Ban…
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Argentina President Javier Milei advocates Bitcoin use
In his recent statement, Argentina President Javier Milei advocated his support for Bitcoin and other other currencies to be used in Argentina. Milei’s statement was in response to Gabor Gurbacs, former Director of Digital Asset Strategy at VanEck, who replied to his tweet with “Bitcoin for all.” Milei affirmed that his administration would support free…
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NVIDIA Hits New Highs: Blockchain Based AI Projects
In a remarkable turn of events, NVIDIA’s market capitalization has soared past tech giants Microsoft and Apple, reaching an impressive $3.33 trillion. This surge is largely attributed to the burgeoning demand for artificial intelligence (AI) products, which have become a cornerstone in various industries since 2023. The success of NVIDIA’s data center category, witnessing a…
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SEC stops ETH investigation.
The US Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0 and will not pursue legal action regarding ETH sales as securities transactions, according to a recent announcement from Consensys. Despite this positive development, Consensys emphasized the ongoing need for clear regulatory guidelines, especially for services like MetaMask Swaps and Staking. The…