SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer
17.6.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether...
Former House Speaker Paul Ryan: Stablecoins Can Help Fight an Upcoming US Debt Crisis and China’s Growing Influence
17.6.2024
Paul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed stablecoins, which use U.S. treasuries as backing...
Bitcoin uses more renewable energy, but will Tesla accept it again?
16.6.2024
Tesla removed Bitcoin payments citing environmental concerns, but Elon Musk pledged to reinstate them if renewable energy use on the network increased
Crypto Sector Secures $317M in Venture Capital Deals in Early June
16.6.2024
With the first half of June concluded, there have been 37 venture capital deals and fundraising events in the crypto sector. Collectively, these investments totaled $317.87 million, with Avail, a modular blockchain project, leading the pack with $43 million. 37 Crypto Startups and Projects Gather...
Gary Gensler could ‘literally cost Joe Biden the election’ — Mark Cuban
16.6.2024
The billionaire investor also intimated that any political aspirations Gensler had would amount to nothing due to the SEC chairman’s stance against cryptocurrency
The State of Crypto Merchant Adoption in 2024
16.6.2024
Merchants are increasingly adopting cryptocurrencies like bitcoin and ethereum, reflecting a growing trend towards digital currency payments as a viable alternative to traditional means. Merchants Embrace Digital Currency Payments Cryptocurrency is no longer a fringe concept but a rapidly growing...
Salvadoran Government Introduces Bitcoin Banking Law Reform
16.6.2024
The Salvadoran government has presented an initiative to accelerate the inclusion of Bitcoin and other cryptocurrencies in its investment banking sector. The banking law reform introduced to the National Assembly would allow private investors to constitute banks that can provide services in Bitcoin...
Crypto startup funding eclipses $100B
16.6.2024
The $100 billion mark took just 10 years with the bulk raised since the COVID-19 pandemic
Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch
16.6.2024
According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by 20% Bloomberg reports that Paxos has laid off...
Openai Reportedly Mulling For-Profit Shift
16.6.2024
Openai, the artificial intelligence (AI) company, is considering shifting to a for-profit model, according to The Information. Sam Altman, CEO of the company, is said to be contemplating this decision and taking Openai’s non-profit board out of the picture, given that it would not have...
ETH, TON, UNI, and XMR could rally if Bitcoin clears $68,000
16.6.2024
Bitcoin price needs to rise above $68,000 to sustain buying in ETH, TON, UNI, and XMR
T-Mobile Owner Deutsche Telekom Unveils Bitcoin and Lightning Network Node Operations
16.6.2024
This week at the BTC Prague conference, Deutsche Telekom’s subsidiary T-Systems MMS announced its operation of a Bitcoin node and a Lightning Network node. Deutsche Telekom, Europe’s largest telecommunications provider and the parent company of T-Mobile, also shared plans to mine...