Amidst a significant surge in cryptocurrency prices, which propelled the total crypto market capitalization to a high of $1.93 trillion on Thursday, influential interest groups are urging the US Securities and Exchange Commission (SEC) to revise accounting guidance that imposes higher costs on US banks for holding digital assets on behalf of their customers. Banking […]

Foobar, a code builder, criticizes Ethereum, accusing its developers of neglecting crucial improvements. Because of this shift, projects, including meme coin issuers, are adopting alternative protocols, including layer-2s and modern blockchains like Solana, which boast more features, mostly higher scalability.  Ethereum Developers Are Blocking Mainnet Updates Taking to X, the developer claims that there have been […]

America’s biggest cryptocurrency exchange Coinbase reported a successful final quarter of 2023.  The San Francisco-based company’s Q4 2023 results showed that the company reported a profit of $273.4 million, compared with a loss of $557 million the same quarter one year ago. In Q3 2023, the exchange had reported a loss of $2 million in […]

Bitcoin’s bullish momentum has fueled the crypto market to an upward trend. As the flagship cryptocurrency rises to the $52,000 level, several other cryptocurrencies follow its steps closely and exhibit signals of a possible bull run. Accordingly, a renowned crypto analyst has predicted a potential bull run for VeChain (VET) that could lead the token […]

In a whitepaper update released Thursday, online crypto casino Shuffle outlined the project’s tokenomics and plans to distribute the Ethereum-based SHFL tokens in a series of airdrops beginning the first week of March. The first airdrop, Shuffle said, will go to users who have played in the online casino in the first 12 months since […]

VanEck is lowering its sponsor fee for its spot Bitcoin ETF just over a month after the digital asset manager launched the product, the latest in a string of cuts taken by issuers in a highly competitive market.  In a supplemental filing submitted to the Securities and Exchange Commission on February 15, VanEck said that […]

ARK Invest, Bitcoin bull Cathie Wood’s asset management firm, sold Coinbase stock again—this time ahead of the crypto exchange’s impressive earnings report. In total, ARK Invest sold $34.3 million in shares of the crypto exchange from three of its funds—ARK Innovation ETF (ARKK); ARK Fintech Innovation ETF (ARKF); and ARK Next Generation Internet ETF (ARKW), […]

After skyrocketing last week, Solana’s unofficial GameStop meme coin has, perhaps unsurprisingly, since plummeted—shedding more than 70% of its value since early last week. But meme coins are historically volatile and this one is no exception, mounting a surprise comeback over the last hours. At writing, the coin is trading at just under $0.004, according […]

Uniswap, one of the world’s largest decentralized exchanges (DEX), is poised for significant growth with the upcoming launch of its V4 upgrade. This anticipated update will introduce custom Automated Market Maker (AMM) functionality directly on top of Uniswap, eliminating the need for separate AMM designs. In addition, Uniswap’s governance token, UNI, has seen notable growth, […]

Representative French Hill challenged aspects of a bill amending the Bank Secrecy Act, implying requirements be impossible to apply to crypto miners and validators. United States Representative French Hill, chair of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, has challenged an aspect of Senator Elizabeth Warren’s proposed bill on digital […]