Bitwise filed for its spot Ethereum exchange-traded fund (ETF) on Mar. 28, according to an X post by Bloomberg ETF analyst James Seyffart. The first filing was an S-1 form, followed by a 19b-4 form less than one hour later.The S-1 is mandatory for companies planning to offer securities publicly, while the 19b-4 is necessary when a stock exchange wants to list a new product, like a spot Ethereum ETF.The new filing prompted some optimism from the crypto community about a spot Ethereum ETF approval in May. Users rushed to tag Eric Balchunas, another Bloomberg ETF analyst, in publications about…
Author: Web3 Daily Press Staff
By Natalie Sherman & Kayla Epstein & Michelle FleuryBBC News28 March 2024Updated 11 minutes agoSam Bankman-Fried, co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors of his now-bankrupt firm. The ruling cements the downfall of the former billionaire, who emerged as a high profile champion of crypto before his firm’s dramatic collapse in 2022.He was found to have stolen billions from customers ahead of the failure.Bankman-Fried’s legal team will appeal against his conviction.A message from his parents shared with the BBC by a representative for Bankman-Fried said: “We are…
Bitcoin miner CleanSpark plunged 10% in after-hours trading on Thursday after the firm amended its at-the-market (ATM) offering agreement to sell up to $800 million of its stock.CleanSpark initially inked a deal for a $500 million ATM offering with New York investment banking firm H.C. Wainwright & Co on Jan. 5, 2024, where CleanSpark said it may, from time to time, offer and sell shares of its common stock at $0.001 per share, a March 28 SEC filing reveals.CointelegraphPrimary stock dilution is a common strategy for publicly-listed companies to raise additional capital.CleanSpark isn’t the only Bitcoin miner to enter into an…
Last updated: March 28, 2024 16:08 EDT | 13 min read Litecoin (LTC) has been deemed by many to be the silver to Bitcoin’s gold. ‘Bitcoin-lite’ if you will. Indeed, much of Litecoin’s architecture is similar to Bitcoin’s architecture and has become influential to blockchain developers and crypto enthusiasts.It was created two years later than Bitcoin (BTC), making the technology for its creation slightly more advanced. Although much of Litecoin’s codebase is taken from Bitcoin, Litecoin is faster than Bitcoin, with four times the transaction throughput. The blockchain also has four times the supply cap. It was never meant to…
In a riveting development, the dynamism of the Shiba Inu community reigns supreme, as evidenced by the cryptocurrency’s SHIB’s surge across Europe. Now outpacing its peers in the digital asset market, SHIB graces the ranks as Europe’s second most desired crypto asset, asserting its standing in this burgeoning financial hemisphere. Esteemed XRP aficionado and cryptocurrency sage, known to many as Marcel Knobloch or by his alias Collin Brown, was the herald of this momentous growth at the popular cryptocurrency forum, X. He revealed that Shiba Inu has not only accumulated an impressive and sizeable pool of long-term investors but its…
In the most recent update, VeChain (VET) saw a slight decline in its price, dipping by 1.44% to trade at $0.04383. Despite this minor setback, the cryptocurrency remains amidst a surge of enthusiasm, largely sparked by the announcement of its revolutionary code-free asset tokenization platform. This development positions VeChain for a promising trajectory in the upcoming month. VeChain has long been acknowledged as a leader in the cryptocurrency market, pioneering solutions that bridge the gap between blockchain technology and real-world applications. The introduction of its code-free asset tokenization platform signifies yet another significant milestone in its journey toward mainstream adoption.…
Authorities are reportedly investigating billions in cryptocurrency transfers that moved through a Russia-based exchange. The probe into the $20 billion-plus payments is part of efforts by the U.S. and Great Britain to crack down on sanctions evasions amid Russia’s war in Ukraine, Bloomberg News reported Thursday (March 28), citing sources familiar with the matter. According to the report, the transaction in question traveled through Moscow-based crypto exchange Garantex using the dollar-pegged digital currency Tether. Those transfers happened after Garantex was sanctioned by the U.S. and U.K. on suspicion of furthering financial crimes and illegal transactions in Russia, the sources said. The $20…
As the crypto market continues evolving, investors are always looking for the next big opportunity. With Polkadot’s (DOT) growing potential, BlackRock’s venture into tokenized funds, and BlockDAG standing out with the potential for investors to reap returns of 5000x, the crypto community is in splits deciding which crypto would not only be their best investment decision for short term gains but also a crypto that would benefit them in the long term. This article aims to guide investors toward making an informed investment decision while discussing the intricacies of three very prominent names, ultimately naming the best crypto to buy…
Welcome to another edition of Crypto NFT Today! The past two weeks have been full of must-know events that’ll be defining points for the future of blockchain, cryptocurrency, and NFTs. With FTX Founder Sam Bankman-Fried sentenced to 25 years in prison, Giga Energy mining bitcoin in Argentina, and more, there’s lots of essential news you should know about. So, let’s dive in and see what’s happening! FTX Founder Sam Bankman-Fried Sentenced 25 Years On Mar. 28, FTX founder Sam Bankman-Fried received a 25-year prison sentence for his involvement in a massive fraud and conspiracy that led to the downfall of…
With the bulls taking over the market, altcoins are once again regaining the uptrend, teasing a sharp jump in the coming months. Amidst such high-potential altcoins, the IOTA price is probably ready to become one of the top performers. IOTA’s primary objective is to employ the Internet of Things to facilitate transactions among gadgets connected via the Internet. It uses distributed ledger systems to develop unrestricted bandwidth at a low cost. Are you a prospective buyer of this cryptocurrency? Then you would be probably curious about the IOTA future market valuation. Wait no more as we will unfold the complete…