State Street, Galaxy launch 3 new crypto ETFs
The funds aim to capitalize on Web3 by tracking a mix of stocks, spot cryptocurrencies and futures.
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Elon Musk’s bizarre name change on X turns trader’s $66 into $3M profit
The Ethereum-based KEKIUS market cap exploded to $380 million on Jan. 1 before falling to $100 million after Musk changed his profile name and photo back.
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Blockchain companies can’t afford to stay on the patent sidelines
Twitter plays defense with its patents, Square has launched a consortium — which includes Coinbase — to pool crypto patents and Alibaba is well on its way with its mission to overtake IBM in the blockchain patent wars. Many startups don’t take the necessary steps to protect their innovations, and that’s a big mistake. Particularly in…
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BitPay files with OCC to become national crypto-native trust bank
Another crypto player has taken steps to go mainstream, but a lot of work still remains ahead. 1610 Total views 4 Total shares Bitcoin (BTC) payments giant BitPay aims to form a national trust bank, based on its recent filing with the United States Office of the Comptroller of the Currency.“We confirm BitPay has filed…
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Virtuals Protocol fixes bug, pledges bounty for researcher’s discovery
A pseudonymous security researcher identified a critical vulnerability in Virtuals Protocol’s audited contract, prompting an urgent fix.
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China’s Central Bank: Digital Currency Has ‘No Timetable’ for Launch
China has no specific launch date in mind for its digital currency, its central bank has said in fresh comments contradicting previous statements.Central bank governor: We need time to researchAs local English-language news outlet Global Times reported on Sept. 24, the People’s Bank of China (PBoC) has now denied Beijing is ready to debut its…
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Keyless Wallet Provider Zengo Now Holds SGA Stablecoin
Saga Monetary Technologies’ SGA stablecoin is now compatible with keyless wallet ZenGo, thanks to a recent partnership between the two companies.“ZenGo provides guaranteed access, meaning that even if we stop operating, user funds will remain 100% available for the users to move them anywhere they wish,” ZenGo CEO Ouriel Ohayon explained to Cointelegraph about the…
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‘Big Time’ Margin Call Can Skyrocket Bitcoin Price in Mid-Term: Analyst
Despite the gloomy short-term price trend of Bitcoin (BTC), the pattern of liquidations on BitMEX and historical funding rates point toward a possible serious short squeeze in the medium-term.“High chance BTC bears get margin called big time in coming months. Funding rates will be your evidence in hindsight,” Bitazu Capital partner Mohit Sorout said.On March…
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CME Group’s Net Income Falls 17% in Q1 Amid Record BTC Futures Trading Volume in April
United States derivative market CME Group has reported a 17% fall in net income for the first quarter, according to a news release on May 1.Despite revenues rising over the three-month period, earnings stood at $497 million, compared with $599 million this time a year ago.CME Group chairman and chief executive Terry Duffy said the results amounted…