Crypto exchanges see $3B Ethereum exit since ETF approvals

Coin Metrics’ popular indicator continues its relentless uptrend despite bearish sentiment creeping into Bitcoin markets. 1180 Total views 28 Total shares Bitcoin (BTC) set a new all-time high this week as bearish market sentiment failed to dent one metric’s march to $106 billion.Data from on-chain monitoring resource Coin Metrics shows that as of June 11,…

A central bank’s role is to manage a nation’s currency, money supply and interest rates. The United States did not have a central bank until 1913, when Woodrow Wilson signed the Federal Reserve Act into law. Since then, the Federal Reserve has been accountable for the elasticity of the U.S. economy through the expansion and…

The New York Department of Financial Services (NYDFS), the state’s financial regulator, has established a new department that will be responsible for licensing and regulating crypto-related businesses.In a statement on July 23, the NYDFS announced the formation of the Research and Innovation Division which will “house the Department’s division responsible for licensing and supervising virtual…

According to blockchain provider Nansen, hundreds of NFTs have been moved from the 3AC-linked fund to a Gnosis Safe address. 365 Total views 19 Total shares Starry Night Capital, a nonfungible-token (NFT)-focused fund launched by the co-founders of the now-bankrupt hedge fund Three Arrows Capital (3AC), has moved over 300 NFTs out of its address,…

Major crypto exchange Binance has made its first public acquisition, having bought Trust Wallet, according to an announcement July 31. Launched in 2017, U.S.-based Trust Wallet is an open source, anonymous, and decentralized wallet that supports Ethereum (ETH) and over 20,000 different Ethereum-based tokens (ERC20, ERC223, and ERC721). While the details of the deal are…

Another Chinese banking institution has created a hardware wallet for the country’s central bank digital currency. 1852 Total views 8 Total shares China’s large-scale digital yuan testing across several cities continues to gather pace with some financial institution leading the development of hardware wallets for the central bank digital currency.According to news agency Xinhua, the…

Dutch ministers have urged the government to regulate cryptocurrencies and certain cash payments over money laundering concerns in a statement on July 1.The officials said that the government should ban cash payments over 3,000 euros, regulate cryptocurrencies and ban 500 euro banknotes, as these instruments can purportedly facilitate money laundering.The Netherlands do not recognize cryptocurrency…

“When AltSeason 2?” has been on the minds of many investors for some time now. The average retail Joe Schmoe investor most likely draws some insight from crypto-sector leaders and Crypto-Twitter influencers who often post compelling charts of various digital assets with a captioned explanation of why or why not certain price action could lead…