The Securities and Exchange Commission is trying to use Ethereum’s recent switch to proof-of-stake to regulate it. Jakub Porzycki—NurPhoto/Getty Images The stakes in the bitter war between the Securities and Exchange Commission and the crypto industry just got higher. As Fortune reported on Wednesday, the agency is going after Ethereum, issuing subpoenas to U.S. companies that require them to supply all records of their dealings with the foundation that oversees the blockchain. This is a big deal since so much of the crypto industry is built atop Ethereum—not just applications but entire secondary blockchains like Polygon. If the SEC goes…
Author: Web3 Daily Press Staff
Spot Bitcoin ETFs experienced their largest three-day withdrawal since their launch in January. The trend marked a significant shift from the high demand propelling Bitcoin to its all-time high. Between Monday and Wednesday, these ETFs saw a withdrawal of $742 million, indicating substantial outflows from the Grayscale Bitcoin Trust alongside a decrease in new investments in competing funds by significant firms such as BlackRock and Fidelity Investments. Despite this, according to Bloomberg data, the ETFs have attracted $11.4 billion in net investments since inception, making them among the most successful ETF launches. The Grayscale Bitcoin Trust, now an ETF, reported…
Last updated: March 21, 2024 12:22 EDT | 2 min read Coinbase, a prominent crypto exchange, is gearing up to launch futures trading for some notable cryptocurrencies, including the popular meme coins Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH).Coinbase believes that Dogecoin’s sustained popularity indicates it has evolved beyond its meme beginnings to establish itself as a significant player in the cryptocurrency market. Coinbase Derivatives Plans to Launch Cash-Settled Futures Contracts for Cryptocurrencies, Including DogecoinIn letters addressed to Commodity Futures Trading Commission (CFTC) Secretary Christopher Kirkpatrick on March 7, Coinbase Derivatives intended to launch cash-settled futures contracts for Dogecoin, Litecoin,…
The latest to do so is Option2Trade (O2T), swiftly dubbed the “cryptocurrency Diamond” by enthusiasts and investors alike. With its groundbreaking offer of an $888k giveaway and the promise of a 1000x movement, Option2Trade (O2T) is not just another token—it’s a beacon for those in search of significant returns. Among its most ardent supporters are members of the Shiba Inu (SHIB) community, a group celebrated for their enthusiasm and ability to spot potential in crypto. This article delves into the features that set Option2Trade (O2T) apart, the intricacies of the $888k giveaway, and the reasons behind the Shiba Inu (SHIB)…
As Ethereum exhibits robustness, it maintains an optimistic outlook despite market ebbs and flows, signifying its enduring potential for growth. Meanwhile, VeChain (VET) captures the market’s attention with an impressive 60% jump, establishing itself as a formidable entity. Amidst these developments, BlockDAG (BDAG) has become outstanding in the 2024 crypto presales, hinting at its transformative impact on the digital currency. The interplay of Ethereum’s stability, VeChain’s surge, and BlockDAG’s promising debut weaves an engaging narrative in the crypto domain, piquing investor interest in the unfolding future of this vibrant market. Ethereum’s Resilient Trend: A Symbol of Innovation Ethereum continues to…
An investor holding a large amount of ether {{ETH}}, a so-called whale, who began trading the Ethereum blockchain’s native token in 2017 moved a large chunk of it to crypto exchange Binance on Wednesday, in a possible precursor to liquidating the holding.Roughly 18 hours ago, the address x50b42514389F25E1f471C8F03f6f5954df0204b0 transferred 12,000 ETH (worth $42.8 million at the time) to Binance, according to blockchain sleuth Lookonchain. That’s about 0.01% of the total circulating supply of the second-largest cryptocurrency by market cap. The same address moved nearly 9,000 ETH to Binance on Tuesday, withdrawing 30 million tether USDTUSD. Tether is the world’s largest…
The U.S. Securities and Exchange Commission (SEC) announced charges against cryptocurrency company SafeMoon, its creator Kyle Nagy and its U.S. counterpart SafeMoon US.The executive team, which included CEO John Karony and Chief Technical Officer Thomas Smith, were accused of orchestrating a grand fraudulent scheme involving the unregistered sale of the crypto asset security, SafeMoon.The SEC alleged SafeMoon’s promoters made grandiose promises, assuring the token would soar “safely to the moon.”Contrary to these promises, they not only obliterated billions in market capitalization but also allegedly withdrew over $200 million in crypto assets from the project, channeling investor funds for personal luxuries.As the financial community gears up for…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Raffle Coin’s presale offers a unique decentralized gaming experience, potentially disrupting traditional raffles and enticing investors from the Polkadot and USDC communities. Raffle Coin (RAFF) is one of the pioneers in decentralized gaming, offering fun and possible returns. This article explores the dynamics of Raffle Coin and finds its unique features and why Polkadot and USDC investors are turning their heads to this new and promising project. Polkadot dynamics and technical analysis Polkadot will inevitably become a critical part…
As Spring arrives, so do crypto and NFT conferences, and with ETH Denver and NFT NYC big talk this Month, 99Bitcoins crypto journalist Isaiah McCall deep-dives an emerging new type of side-event – inspired by Vitalik Buterin’s Zuzalu. The side events are better at crypto conferences. There, I said it. After a long day on the beat, one thing is obvious: Layer-2 solutions were developed to address Ethereum blockchain congestion, and side events are the solution for congestion at events like ETH Denver and NFT NTC. Edge City Steals The Show at ETH Denver – Here’s Why: In a stand-out…
IOTA (IOTA) is trending on the charts currently after a monumental 50% price upswing during the past month, which has resulted in a major bullish sentiment surrounding its future overall performance. Moreover, its holders are diversifying as a result of the bullish sentiment, and have turned to KangaMoon (KANG) after an explosive 180% growth. We will be analyzing both of these altcoins to determine which one can surge the most. For those curious which crypto to buy today for long-term, we will go over both to determine which one can grow the most. IOTA (IOTA) Has Spiked by 72.1% and…