Former Binance CEO Zhao Changpeng (CZ) is currently serving a four-month sentence for violating anti-money laundering regulations. Despite his imprisonment, Zhao maintains a strong grip on Binance Coin (BNB), the native token of the leading cryptocurrency exchange Binance. According to a recent Forbes report, Zhao holds 64% of the circulating...

Bloomberg’s Exchange Traded Fund (ETF) experts predict that a spot market Ethereum ETF is expected to launch in the U.S. by early July. Eric Balchunas, Bloomberg’s senior ETF analyst, shared on social media platform X that after the U.S. Securities and Exchange Commission (SEC) responded to S-1 filings from several...

Renowned brokerage firm Bernstein has expressed optimism about Bitcoin’s future trajectory, setting a long-term price target of $200,000 by the end of 2025. Despite Bitcoin’s recent struggles to reclaim its all-time high of $73,000, Bernstein analysts remain confident. In their latest report, they have revised their long-term Bitcoin (BTC) price...

The BRICS nations (Brazil, Russia, India, China, and South Africa) have made significant progress in their currency adequacy plans, including the development of an autonomous payment system. According to a research paper first noticed by XRP enthusiast Amelia, Russian President Vladimir Putin has approved the group’s proposal to investigate using...

A recent survey by the Bank for International Settlements (BIS) reveals that the majority of central banks are currently exploring the issuance of their own central bank digital currencies (CBDCs). The BIS survey encompassed 86 different central banks, with 94% of respondents indicating that they engaged in some form of...

The Australian Securities Exchange (ASX) is set to launch its first-ever exchange-traded fund (ETF) directly investing in Bitcoin (BTC) on June 20th. The pioneering Bitcoin ETF to be listed on Australia’s primary stock market is the VanEck Bitcoin ETF. This spot ETF provides investors with a regulated, transparent, and robust...

In a recent Senate Appropriations Committee hearing, SEC Chairman Gary Gensler announced that the final approval for an Ethereum spot ETF is expected to be completed this summer. The SEC had initially given preliminary approval for the Ethereum spot ETF in May. However, Gensler mentioned that the final registration requirements...

In a recent interview with Bloomberg, Binance CEO Richard Teng described 2024 as a “landmark year” for the cryptocurrency industry. He highlighted key factors such as increased regulatory transparency, broader mainstream acceptance, and the introduction of Bitcoin spot ETFs. “The momentum of development remains strong, which is very encouraging for...

Curve Finance, a leading DeFi protocol, experienced a significant collapse on Thursday as its native token, CRV, saw a sharp 30% decline. This sudden drop was triggered by the automatic liquidation of loans tied to the protocol’s founder, Michael Egorov. Blockchain analysis firms Lookonchain and Arkham reported that Egorov’s addresses...

According to a report by CryptoQuant, Bitcoin (BTC) miners have initiated a significant sell-off as Bitcoin’s price neared $70,000 this week, marking the highest transfer of BTC from mining pools to exchanges in two months. The Bitcoin halving event has led to a decrease in daily mining revenue, prompting miners...