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According to ProShares, the fund’s sponsor, the new ETF’s assets shot to $570 million from $20 million on its first day of trading. The first-ever exchange-traded fund (ETF) backed by bitcoin futures hauled in some $570 million of assets on its first day of trading, a sign of just how hungry investors remain for bets on the cryptocurrency as prices...
It becomes the stablecoin’s sixth network as a key part of a $2.5 billion HBAR initiative. USDC, the dollar-backed stablecoin used to grease the wheels of cryptocurrency trading, has made its way into the Hedera Hashgraph ecosystem. Hashgraph, an alternative to blockchains that usesdirected acyclic graphsto time-sequence transactions without bundling them into blocks, sees the introduction of USDC opening the...
The key cryptocurrency’s price shot past $59,000 late Thursday. Bitcoin rallied late Thursday following a Bloomberg report that a bitcoin futures exchange-traded fund (ETF) will clear the U.S. Securities and Exchange Commission (SEC). The top cryptocurrency was up 3.5% in less than an hour, nearing $60,000 for the first time since May, according toCoinGecko. The SEC is reviewing around 40...
“Crypto is a brand new team at Stripe,” one job post says. Payments company Stripe has begun assembling a crypto engineering team to chart its future in digital assets. The team – described in LinkedIn posts and job listings – will be run byGuillaume Poncin, Stripe’s former head of engineering for banking and financial products. He is looking to hire...
The DeFi community has once again found itself embroiled in a debate concerning the nature of on-chain ethics. On Friday afternoon, decentralized finance (DeFi) users discovered a researcher for Divergence Ventures, a crypto venture firm, was receiving hundreds of ETH from wallets selling recentlyairdroppedRBN tokens – a sign of an airdrop exploit to which Divergence later admitted. The episode presents...
So-called pass-through coverage would insure the holders of these tokens against losses up to $250,000 if the bank holding the collateral were to fail. The Federal Deposit Insurance Corp. (FDIC), a key U.S. banking regulator, is studying whether certainstablecoinsmight be eligible for its coverage, five people familiar with the agency’s thinking said. The discussions are preliminary, and it’s not clear...
In a Tuesday hearing, Gensler told the House Committee on Financial Services that the SEC has no plans to ban crypto. U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler told Congress on Tuesday that the SEC has no plans to ban crypto. When asked by Rep. Ted Budd (R-N.C.), alongtimecrypto supporter and member of the Congressional Blockchain Caucus, if...
El Salvador is looking to bolster adoption of its government-issued Chivo Bitcoin wallet by offering discounts on petrol purchases of $0.20 per gallon to consumers who pay using BTC. El Salvador is looking to bolster adoption of its government-issued Chivo Bitcoin wallet by offering discounts on petrol purchases of $0.20 per gallon to consumers who pay using BTC. Salvadoran president...
The exchange says it has become one of the first VASPs to obtain full licensure approval under Singapore’s Payment Services Act. Crypto exchange Independent Reserve says it has marked an Australian first in receiving a Major Payment Institution Licence from the Monetary Authority of Singapore (“MAS”). The license grants the exchange the approval to conduct its business as a virtual...
Interviews with former and current employees shine new light on the crypto exchange’s complicated relationship with its home country. Months before China’slatest crackdown, the Huobi Global cryptocurrency exchange relocated substantial parts of its operations out of the country, primarily to crypto-friendly Singapore, former and current employees told CoinDesk. Huobi had been trying to develop overseas operations since China’s earlier clampdown...
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