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Spot Bitcoin ETFs Surge to $14.6 Billion in BTC Holdings 43 Days Post-Launch


It has been 43 days since the debut of the spot bitcoin exchange-traded funds (ETFs) on the American stock market, and in this time, the nine newly launched bitcoin ETFs have accumulated 287,315 bitcoins, valued at approximately $14.6 billion. Leading the pack is Blackrock’s IBIT, boasting...

GAIMIN Announces the World’s First L2 Gaming Blockchain on BNB Chain


GAIMIN, the world’s leading provider of DePIN (Decentralised Physical Infrastructure Networks) today announces the world’s first L2 blockchain focused on delivering Web3 technology and services to the gaming industry. The incorporation of Web3 technologies, such as blockchain, crypto...

Reddit files IPO, names Bitcoin and Ether holdings


Reddit submitted an application for an IPO with the US Securities and Exchange Commission. It revealed that Reddit has substantial holdings in Bitcoin and Ether. Also, Reddit invested in Ether and Polygon as a form of payment for sales of certain virtual goods. Reddit’s IPO filing is part...

FATF Grey Listing Concern Prompts Kenya to Establish a Crypto Working Group


The fears that Kenya’s lack of a regulatory framework for overseeing the crypto industry has prompted the government to establish a working group tasked with drafting crypto regulations. Authorities in the East African nation are confident that the approved regulations will designate a sole...

European Central Bank criticizes the US SEC’s Bitcoin ETF approval


Long story short, the European Central Bank remains wary, if not a supporter, of Bitcoin, despite the US SEC’s recent approval of the Spot Bitcoin ETF applications. This is based on a blog post by Ulrich Bindseil and Jürgen Schaaf, who advocate for ETF approval for Bitcoin, the naked...

Ebay’s Web3 Division Reportedly Lays off 30% of Its Employees


Recently, Ebay, the e-commerce behemoth, implemented significant changes within its Web3 division. These changes resulted in a 30% reduction in the division’s workforce and the departure of a pivotal employee. Among those affected by this restructuring is David Moore, the founder of Knownorigin,...

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