One of the customers of the FTX crypto exchange, Lee Rees, revealed that he was still affected by the bankruptcy of FTX. When FTX collapsed last year, Rees lost USD 100,000 or the equivalent of IDR 1.5 billion (assuming an exchange rate of IDR 15,661 per US dollar), this is half his annual income. Prosecutors […]
Amid the escalating tensions between Hamas and Israel, cryptocurrencies backed by gold have shown significant gains among the top 100 cryptocurrencies by market capitalization. This increase in value is directly linked to the rising price of gold, which has seen an upswing due to the recent conflict. What Happened: Some noteworthy gainers in this context […]
In a significant development for the world of digital assets, investment firms ProShares, VanEck, and Bitwise have recently unveiled ETFs linked to ether, the second-largest cryptocurrency globally, through futures contracts. These groundbreaking ether futures ETFs have arrived on the scene two years following the debut of the first US-listed bitcoin futures ETF in October 2021. […]
1. Ethereum Futures ETFs Debut in the US On October 2, nine Ethereum futures ETFs were introduced in the United States, a first of its kind. However, the excitement didn’t translate to massive trading volumes, with all nine ETFs seeing less than $2 million in total trading volume on the first day. The most popular […]
The former boss of crypto company Terra Labs, Do Kwon, admitted to falsifying trading volumes, according to court documents from the US Securities and Exchange Commission (SEC). An SEC filing on Sept. 22 shows a text message exchange between Do Kwon and Daniel Chin, the founder of payment app Chai, in which Do Kwon told […]
Bitwise, a leading cryptocurrency firm, has bolstered its application for a spot Bitcoin exchange-traded fund (ETF). The company’s Chief Investment Officer, Matt Hougan, made this announcement on September 25. Hougan emphasized that if the U.S. Securities and Exchange Commission (SEC) does not ultimately approve a spot Bitcoin ETF, applicants will need to demonstrate the adequacy […]