Cryptocurrency news
VanEck, ARK filings ‘officially’ start clock for spot Ethereum ETFs: Analyst
Bloomberg ETF analyst James Seyffart expects more spot Ethereum ETFs to be filed in the coming days. The race for the United States’ first spot Ethereum exchange-traded fund has officially begun after new 19b-4 filings by the Chicago Board Options Exchange (CBOE), which will "ul...
Vitalik Buterin on fix for Ethereum centralization — make running nodes easier
Ethereum co-founder Vitalik Buterin says node centralization is one of Ethereum's main challenges but the perfect solution may not come for another 20 years. The centralization of nodes is one of the biggest problems facing the Ethereum network and should be addressed by making...
FTX wallet shifts $10M in crypto, sparking fear of token dumps to come
The transfer of millions in altcoins has ignited concerns of FTX creating a potential dump across the crypto markets. A wallet owned by bankrupt crypto exchange FTX has moved $10 million worth of digital assets from the Solana SOL $20 network to Ethereum, sparking concerns it c...
Lufthansa airline launches NFT loyalty program on Polygon
Airline passengers can collect NFTs and then get rewards, such as flight upgrades or airport lounge access, after completing NFT sets. Lufthansa, one of the largest airline groups in Europe, has launched its nonfungible token (NFT) loyalty program on the Polygon Network. The pro...
Coinbase CEO reveals top 10 crypto ideas he’s urging devs to work on
From flatcoins to on-chain advertisements, Brian Armstrong hopes aspiring developers take the time in the bear market to build out these crypto concepts. Coinbase CEO Brian Armstrong has unveiled the ten ideas he is most excited about when it comes to crypto's future, sharing h...
SEC’s first deadlines to approve 7 Bitcoin ETFs coming over the next week
Analysts say the best-case scenario for crypto is that the Securities and Exchange Commission approves the batch of spot Bitcoin ETFs, but the agency may exercise its right to an appeal. The United States Securities and Exchange Commission is facing its first deadlines to decide...
EOS secures regulatory approval in Japan, will trade against yen
The EOS Network Foundation announced that the EOS token will start trading on the Japanese exchange BitTrade in September. The EOS $0.64 token has been granted whitelist approval by Japan’s crypto regulator, paving the way for the token to be traded against the Japanese yen on...
Bitcoin revenue per terahash nears record lows as hashrate soars
As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability. Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per day — has slumped to levels not seen since the collapse of FTX in November 2022,...
Base, Optimism unveil shared governance and revenue-sharing framework
The two networks will share profits and governance using multisignature wallets, and a “security council” will be formed as the ecosystem grows. Developers behind the Base and Optimism networks have jointly announced a revenue-sharing and governance-sharing agreement. Coinbase,...
Why is the crypto market down this week?
Rising interest rates, delayed Bitcoin ETFs, global financial turmoil and other regulatory pressures are contributing to the crypto market’s underperformance. The cryptocurrency market has experienced a notable downturn recently, with the total market capitalization falling by 1...