BlackRock, Grayscale have to wait for SEC’s spot ETH ETF decisions

The burgeoning popularity of nonfungible tokens (NFTs) has led to issues like exorbitant transaction fees and congestion in the prevalent Ethereum-based ecosystem. The fee factor serves as a major deterrent to anyone wanting to execute transactions on the blockchain.A report published by Reuters revealed that the NFT sales volume was $24.9 billion in 2021, considerably…

The blockchain space is seeing some areas of strength despite the perceived downturn in the market. The perpetual futures funding rates for Bitcoin (BTC) and Ether (ETH) have flipped back to positive on major exchanges, which shows bullish sentiment among derivatives traders. In addition, Bitcoin started trading below its cost basis, which has marked previous…

India’s central bank is carefully considering the merits of issuing a digital rupee as CBDC exploration continues to gather steam across the globe. 143 Total views 2 Total shares The Reserve Bank of India could commence preliminary central bank digital currency (CBDC) trials before the end of the year.Speaking to CNBC on Thursday, RBI governor…

Geth developers to blame? 852 Total views 10 Total shares The Ethereum network has suffered what looks like a hard fork on Wednesday as reports emerged of outages and irregularities on infrastructure providers Infura and Blockchair.While initially it was believed to be an internal issue in Infura, a hosting service used by some exchanges and…

Canada’s largest digital currency exchange QuadrigaCX is blaming legal action from a major bank for delays when customers cash out funds, the Globe and Mail reported Oct. 8.Vancouver-based crypto exchange QuadrigaCX was launched in 2013 and is known as the first exchange in Canada to be licensed by the Financial Transactions and Reports Analysis Centre…

Japanese messaging giant Line launched its new crypto trading platform Bitmax on Sept. 17, Cointelegraph Japan reports.FSA approval receivedFollowing regulatory approval to operate a crypto exchange in early September, Line’s blockchain arm LVC Corporation officially introduced its newly launched crypto platform today.In accordance with previous announcement, Bitmax will initially allow users to trade five major…

Bitcoin (BTC) stayed near one-week lows on March 7 as a flight to safety among investors did crypto markets no favors.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGold, dollar spell sour times for stocksData from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing at around $37,600 overnight before tracking around $1,000 higher.The pair had faced pressure into…

More than $30 billion was settled on the Bitcoin blockchain in a single day last week. 458 Total views 32 Total shares The value settled on the Bitcoin network has been surging recently, reaching a new daily all-time high last week.Bitcoin’s daily settlement value hit an all-time high on Oct. 6, with $31 billion worth…

Pangea Blockchain Fund has debuted its blockchain fund, securing $22 million with key investors including Bitcoin.com CEO Roger Ver, according to a press release on Feb. 27.Switzerland-based Pangea Blockchain Fund is targeting the development of transformative blockchain-driven solutions and expects the total fundraising to be capped at $200 million.The recent seed round was also participated…