In a significant development for the Polygon network, the much-anticipated POL upgrade has finally gone live on the Ethereum mainnet. Polygon Labs, the driving force behind the Ethereum sidechain, expressed their excitement, hailing this milestone as a crucial step in realizing the Polygon 2.0 roadmap. The team has been actively working on enhancing the platform, […]
BlackRock, a massive global financial giant with $9.4 trillion in assets, has recently shown a growing interest in the world of cryptocurrencies. They’ve taken a significant step by applying for permission to launch an iShares Bitcoin exchange-traded fund (ETF). This move has sparked considerable excitement within the investment community and represents a notable return for […]
The crypto community eagerly awaits the approval of a US spot Bitcoin exchange-traded fund (ETF) as a potential turning point for the industry. A recent decision from the US Securities and Exchange Commission (SEC) has hinted at a positive step in this direction. The SEC confirmed that it won’t contest a court decision supporting Grayscale’s […]
NFTs making a comeback during Bitcoin’s strong ‘Uptober’ rally and concerns about Friend.tech’s security issues have led traders to shift their focus back to NFTs. It seems like the NFT market is not just putting on a Halloween bull costume but genuinely gaining momentum. The recent surge in NFT interest can be attributed to several […]
In a recent development, Coinbase, a prominent cryptocurrency exchange, has strongly contested the United States Securities and Exchange Commission’s (SEC) classification of cryptocurrencies listed on its platform as securities. In a filing presented to a New York District Court on October 24, Coinbase criticized the SEC’s definition of securities, asserting that it exceeds the boundaries […]
Bank of China Hong Kong (BOCHK) has initiated a pilot project to explore the use of smart contracts in the proposed Hong Kong central bank digital currency (CBDC). The bank will examine how smart contracts can be employed in prepaid service contracts via its mobile app, BOC Pay. Initially, the pilot will involve BOCHK employees […]
n a significant development for the crypto industry, the election of Rep. Tom Emmer as House Speaker has emerged as a promising sign of potential support within the US legislative framework. Emmer, renowned as the US Congress’ ‘Crypto King’ due to his deep understanding and advocacy for the budding industry, secured the GOP’s nomination for […]
Crypto trading specialist Michaël van de Poppe pointed out that Bitcoin held steady above $30,200 and surpassed its yearly high. He expressed his surprise but noted that this surge could be linked to the expected ETF approval. As long as Bitcoin remains above $31,000, he believes the future looks bright, with a potential $40,000 price […]
In Ethereum’s recent price action, it has managed to climb higher, particularly when it surpassed the $1,649 resistance level. This is a positive sign for those interested in the cryptocurrency market. However, it’s important to note that if Ethereum’s daily closes fall below $1,649, there might be a potential drop in its price, bringing it […]
The price of Bitcoin (BTC) surged sharply to near USD 35,000 in the last 24 hours, marking an increase of more than 10 percent. This happened thanks to the latest developments regarding Bitcoin ETFs. This is the first time since May 2022 that the Bitcoin price has moved above the USD 34,000 mark. This event […]