A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s. Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Ethereum and Bitcoin. One screenshot showed gas fees were as high as
Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of crypto talent that has been spilling into the aspiring digital asset hub, says Jupiter Zheng, a partner at Hashkey Capital. Speaking to Cointelegraph, Zheng, partner of liquid funds and research at the investment arm of Hong Kong crypto firm
Bitcoin (BTC) may have tapped $37,000 for the first time in 18 months, but traders are getting suspicious of BTC price action. BTC/USD 1-hour chart. Source: TradingView BTC price move “doesn’t feel right” After snap overnight gains, Bitcoin is attempting to crush resistance on the way toward the $40,000 mark. Data from Cointelegraph Markets Pro
A wave of green has washed across the entire crypto market, and it won’t be long before traders on X (the social platform formerly known as Twitter) begin to explain that a new altcoins season has arrived. Altcoin season, or ‘altseason’ as the crypto bros say, typically measures the rallying of altcoins and a positive
November 9 marks a significant day in the US Securities and Exchange’s (SEC) lawsuit against Ripple. As such, all eyes, especially of those in the XRP community, will be on the Commission and the crypto company as their actions on the day could potentially determine the next steps that will be taken in the case.
China to protect NFTs In a surprise move, the Chinese government has guaranteed legal protection for NFTs. In response to a series of often conflicting judicial opinions on the state of cryptocurrency in the country, the Chinese government has officially issued a legal commentary on dealing with cases of nonfungible tokens (NFTs) theft and their status as
Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futures. The initial announcement was made by @SummersThings
Blackrock’s plans for a spot Ethereum exchange-traded fund (ETF) has now been confirmed, per a 19b-4 form filing submitted to the United States Securities and Exhange Commission on Nov. 9. Nasdaq filed the 19b-4 form to securities regulator on behalf of the $9 trillion asset management firm for a proposed ETF called the “iShares Ethereum
Ethereum insider, Steven Nerayoff has vowed to expose alleged fraud schemes which he claims are operating within the Ethereum network. As a result, the crypto community is keeping a close watch and Neyaroff has promised to reveal proof of his accusations in the coming weeks. Unmasking The “Truth” Former Ethereum Advisor, Steven Nerayoff has announced
The Proof of Stake Alliance (POSA), a nonprofit organization that represents firms in the crypto staking industry, published an updated version of its “staking principles” on Nov. 9. Previous version of the POSA staking principles. Source: POSA POSA represents 15 different firms in the staking industry, including Alluvial, Ava Labs, Blockdaemon, Coinbase, Credibly Neutral, Figment,
A team of academic researchers from the U.S. recently published a study exploring how the “gambler’s fallacy” affected cryptocurrency donations. Their findings indicate that organizations accepting crypto donations could benefit from timing the market. Essentially, the team’s work explores the idea that people generally misinterpret certain pattern signals when it comes to finance. Charities that
In a recent speech at the DC Fintech Week conference, Ripple CEO Brad Garlinghouse addressed the company’s regulatory hurdles. He expressed his views on the cryptocurrency landscape in the United States. Ripple CEO Warns Of US Risking Market Share Loss According to a Fortune Magazine report, Garlinghouse acknowledged during his speech that despite Ripple’s success
Move over Bitcoin ETF, it is time for Ethereum to take the center stage. $9 trillion asset manager BlackRock has revealed its intention to to launch a spot Ethereum ETF, and it already sent the price per ETH above $2,000. Ethereum ETF News From BlackRock Prompts Break Above $2,000 Ethereum sentiment has recently been in
AI Arena AI Eye chatted with Framework Venture’s Vance Spencer recently and he raved about the possibilities offered by an upcoming game his fund invested in called AI Arena in which players train AI models how to battle each other in an arena. Framework Ventures was an early investor in Chainlink and Synthetix and three
A report issued by the Office of the Maine State Treasurer highlighted the U.S. state’s interest in officially managing the abandoned and recovered crypto assets. The program evaluation report of Maine uncovered the state’s lack of preparedness when it comes to handling cryptocurrencies. It read: “Our office does not currently handle cryptocurrency, but programs like
Criminals in Sweden are specifically targeting prominent local Bitcoin figures, which appears to be the result of ease of access to personal information and residential addresses in the country. Reports from Swedish media outlets LT and Aftonbladet have linked separate robberies in Rönninge and Södertälje that appear to have occurred under the same modus operandi.
Cross-border payment remittance firm Ripple has recently achieved yet another important milestone with its payment services for its customers following its annual conference event known as Ripple Swell. Ripple Achieves New Milestone According to several announcements made by the firm during its annual conference, it has recently acquired a key milestone with its payment services
Australian crypto exchange CoinSpot has reportedly been hacked for $2.4 million in a “probable private key compromise” over at least one of its hot wallets. According to a Nov. 8 post to his Telegram channel, blockchain sleuth ZachXBT highlighted two transactions entering the alleged hackers wallet. Afterwards, the wallet’s owner bridged the funds to the
Pro-crypto Congressman Tom Emmer is advancing an amendment aimed at depriving the United States securities regulator from using government funds to go after crypto enforcement. On Nov. 8, Emmer attached an amendment to HR 4664 — the Financial Services and General Government Appropriations Act, or federal budget. The amendment, which has passed unopposed, prohibits the
The United States Securities and Exchange Commission could approve all 12 of the pending spot Bitcoin (BTC) exchange traded fund (ETF) applications within the next eight days. Bloomberg ETF analysts James Seyffart and Eric Balchunas wrote that starting from Nov. 9 the SEC has a “window” to approve all 12 spot Bitcoin ETF filings —
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