Ethereum

Bitcoin Network Reaches One Billion Transactions, 15 Years After Its Launch
Blockchain

Bitcoin Network Reaches One Billion Transactions, 15 Years After Its Launch

Bitcoin network has officially surpassed one billion processed transactions. According to data published on Clark Moody Bitcoin, one billionth transaction was processed in block 842,241 at 9:34 pm UTC on May 5.  This achievement comes exactly 15 years, four months, and four days after the pseudonymous founder, Satoshi Nakamoto, mined Bitcoin’s first block on Jan. […]

May. 6, 2024
Patrick McHenry Accuses Gensler of Misleading Congress on Ethereum Classification
Ethereum

Patrick McHenry Accuses Gensler of Misleading Congress on Ethereum Classification

House Financial Services Committee Chair Patrick McHenry criticized United States Securities and Exchange Commission (SEC) Chair Gary Gensler on April 30, alleging that Gensler misled Congress about the classification of Ethereum (ETH) during his testimony to the Financial Services Committee last April. McHenry’s allegation comes just a day after unredacted court documents filed by Consensys […]

May. 2, 2024
Bitcoin Falls Below $58K, Leads to $389M in Crypto Liquidations
Bitcoin

Bitcoin Falls Below $58K, Leads to $389M in Crypto Liquidations

Bitcoin (BTC) has recently seen a significant price drop, leading to concerns among those who anticipated a surge following its halving event. Since the fourth BTC halving, which occurred on April 20 at 12:09 AM UTC, BTC has fallen by 11%. The price is currently 22% down from its March 14 all-time high of $73,737. […]

May. 1, 2024
Hong Kong Spot Bitcoin and Ether ETFs See Only $11M in Volume on First Trading Day
Bitcoin

Hong Kong Spot Bitcoin and Ether ETFs See Only $11M in Volume on First Trading Day

Hong Kong’s new spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) recorded over HK$87.58 million ($11.2 million) in trading volume on their first trading day. In contrast, the United States spot BTC ETFs recorded a staggering $4.6 billion in trading volumes on the very first day. On April 30, Hong Kong Exchanges and Clearing […]

May. 1, 2024
Australia to Launch Spot Bitcoin ETFs by End of 2024: Report
Bitcoin

Australia to Launch Spot Bitcoin ETFs by End of 2024: Report

Australia’s largest stock exchange — the Australian Securities Exchange (ASX) — is expected to approve the country’s first spot Bitcoin exchange-traded funds (ETFs) later this year, Bloomberg has reported, citing people familiar with the matter. The surge in spot Bitcoin ETF applications follows the approvals in the United States. The 11 spot BTC funds in […]

Apr. 29, 2024
Bitcoin Volatility Plummets, Ethereum Skews Deepen: QCP Report
Bitcoin

Bitcoin Volatility Plummets, Ethereum Skews Deepen: QCP Report

This week, the QCP Weekend Brief noted that the crypto markets saw a large compression in volatility levels. From 70% to 50%, Bitcoin’s volatility showed a relative calm following its recent turbulence. However, this shrinking of volatility also brought about a deepening downside skew in Ethereum risk reversals, with front-end breaching -13%. Analysts have been quick to point […]

Apr. 26, 2024
$243M Liquidated as Bitcoin Breaks Below $64k
Bitcoin

$243M Liquidated as Bitcoin Breaks Below $64k

On April 25, the price of Bitcoin (BTC) fell below $64,000, triggering widespread liquidations of long positions across the crypto market. The price drop is attributed to several factors, including the arrest of Samourai Wallet founders, escalating geopolitical tensions in the Middle East, and post-halving volatility. As of writing, Bitcoin is trading at $63,306, down […]

Apr. 25, 2024
SEC Postpones Decision on Spot Ethereum ETF Proposals from Grayscale, BlackRock, and Franklin Templeton
Ethereum

SEC Postpones Decision on Spot Ethereum ETF Proposals from Grayscale, BlackRock, and Franklin Templeton

On April 23, the US Securities and Exchange Commission (SEC) postponed its decisions on the Grayscale and BlackRock applications for spot Ethereum (ETH) exchange-traded funds (ETFs). The SEC issued notices of the delay in the Grayscale decision and the amending of the BlackRock application just hours after postponing its decision on Franklin Templeton’s proposed spot […]

Apr. 25, 2024
Hong Kong’s Bitcoin & Ethereum ETFs Begin Trading April 30
Bitcoin

Hong Kong’s Bitcoin & Ethereum ETFs Begin Trading April 30

Bitcoin and Ethereum exchange-traded funds (ETFs) are on the horizon in Hong Kong, set to debut by the end of April, as Hong Kong intensifies its focus on cryptocurrencies. In an interview with Bloomberg, a spokesperson for HashKey, an Asian crypto group, said that the firm’s Bosera-HashKey Capital spot products are set to begin trading […]

Apr. 24, 2024