Cryptocurrency news
3 theories why the SEC may be eyeing down Ethereum: Crypto lawyer
The regulator does not want to undermine its arguments in ongoing legal action against Coinbase and Binance. The reported probe into Ethereum and its foundation could be a way for the securities regulator to comfortably deny spot Ether ETH $3,525 ETFs and satisfy senator blowba...
Spot Bitcoin ETFs suffer third straight day of net outflows, $261M bled
United States-listed spot Bitcoin ETFs have now bled around $742 million in just three trading days. United States spot Bitcoin BTC $66,449 exchange-traded funds (ETFs) have now marked their third straight day of total net outflows, with $261.5 million leaving the ten approved...
Sygnum bank to tokenize $50M of Matter Labs’ reserves for transparency
The crypto-forward banking group is tokenizing funds in the Fidelity Institutional Liquidity Fund, the first time it has tokenized traditional assets. Swiss-based global digital asset banking group Sygnum will invest $50 million in the Fidelity Institutional Liquidity Fund on b...
Fidelity amends spot Ethereum ETF proposal to include staking
The price of LDO jumped briefly after an updated spot Ether ETF application from Fidelity which proposed to stake “a portion” of the fund’s ETH to generate additional income. Financial services giant Fidelity is seeking permission to stake a portion of the Ether ETH $3,348 held...
Cardano refutes rumors it abandoned its scaling project Hydra
Hydra being abandoned is “just pure FUD,” wrote Cardano co-founder Charles Hoskinson in a post on X. Cardano co-founder Charles Hoskinson has hosed down rumors that suggesting its Hydra layer-2 scaling project for the network had been abandoned. On March 18, the IOHK chief exe...
Bitdeer is among the most ‘cost-effective’ Bitcoin miners: Benchmark
Benchmark analyst Mark Palmer initiated coverage of Bitdeer on Thursday, issuing the miner with a “buy” rating and setting a price target of $13. Bitcoin BTC $68,681 miner Bitdeer has one of the lowest “all-in mining costs” of publicly traded mining firms, a factor which could...
Australian crypto firm Finder’s Earn product was complaint, court finds
The court dismissed the corporate regulator’s legal action, saying Finder Earn wasn’t a debt security and didn’t require a financial license. An Australian federal court has dismissed a lawsuit bought by the country’s corporate regulator against a sister company of Australian fi...
Core Scientific shares fall 4% after Q4 2023 results report revenue drop
The Bitcoin miner posted decreased YOY revenues for 2023 but said narrowing losses and increased investments in infrastructure are strong points heading into the Bitcoin halving. Crypto mining firm Core Scientific (CORZ) reported a fall in year-on-year revenues in its Q4 2023 re...
Readyverse Studios debuts trailer for metaverse battle royale game Open
The development of Open could bring the world one step closer to bringing the “Ready Player One” experience to reality.Futurverse Studios and Readyverse, the metaverse co-founded by Ready Player One author Ernest Cline and producer Dan Farah, launched the first official trailer f...
Crypto phishers stole $47M last month, impersonators on X to blame
Most victims were lured to phishing websites from comments posted by impersonator accounts on X. Fake accounts on social media platform X were the leading cause for over 57,000 victims of crypto phishing scams in February. In its latest crypto phishing report, Scam Sniffer stat...