Fidelity Ethereum ETF records largest daily outflows since launch
The Fidelity Ethereum Fund recorded outflows of $25 million on Oct. 1, the highest daily record among US-based spot Ether ETFs, excluding Grayscale.
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High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels of activity across the cryptocurrency ecosystem. Since the completion of Ethereum's London hardfork, cross-chain bridges…
The Bitcoin shitcoin machine: Mining BTC with biogas
A Bitcoin mining facility in Slovakia converts human and animal waste into Bitcoin hash rate, securing the network while mining Bitcoin. 384 Total views 26 Total shares Next time someone tries to poo-poo the renewable credentials of Bitcoin (BTC) mining, remember AmityAge Mining Farm. Founded by Gabriel Kozak and Dušan Matuska, the Bitcoin mining facility…
Futureswap V2 wants to offer a home for DeFi whale traders
After the success of the automated market maker, or AMM, model for building decentralized spot exchanges, several projects are now racing to take this concept to the world of derivatives. One of these is Futureswap, an AMM-based futures exchange specifically designed for large trades.Futureswap has recently launched Version 2 of its platform, which features a…
Crypto-friendly Commissioner Quintenz isn’t leaving the CFTC this month after all
In April, he said he'd by gone by Halloween, but the plan has changed pending action in the Senate. Among the leadership of the Commodity Futures Trading Commission, Brian Quintenz is known as one of the leading voices in favor of crypto. His announcement in April that he would only stay “until the earlier of…
Here’s why Bitcoin price could tap $21K before Friday’s $510M BTC options expiry
Bitcoin (BTC) has been trying to break above the $20,500 resistance for the past 35 days, with the latest failed attempt on Oct. 6. Meanwhile, bears have displayed strength on four different occasions after BTC tested levels below $18,500 during that period.Bitcoin/USD price index, 12-hour chart. Source: TradingViewInvestors are still unsure whether $18,200 was really…
Vauld gets permission for board restructuring from the court
Singapore-based crypto exchange has been ongoing bankruptcy proceedings since August 2022. 115 Total views 1 Total shares Vauld, a Singapore-based crypto exchange, that has been ongoing bankruptcy proceedings since August 2022, has said that it received permission from the court to restructure its board. The new top management will lead the company’s bailout process. On Aug.…
Hackers Use Fraudulent Unemployment Claims to Siphon Funds
A study by risk solutions provider, Kroll, indicated that a group of hackers from Russia managed to file fraudulent unemployment claims with the Washington State Employment Security Department, or ESD, through a ransomware attack against a healthcare provider in the US.According to research published on June 17, the firm investigated browser history logs that the…