Ethereum developer Consensys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC) in the District Court for the Northern District of Texas. The company aims to prevent the regulator from classifying ETH as a security. Consensys Sues SEC Over Ethereum Classification Consensys contests the SEC’s recent actions, which suggest Ethereum might be […]

Top investment management firm Franklin Templeton has announced the availability of shares of the Franklin OnChain United States Government Money Fund (FOBXX) on the blockchain. Franklin Templeton Ties Shares To BENJI Token As it announced, peer-to-peer transfers for tokenized shares in the FOBXX fund on the public blockchain have been enabled. Notably, one share of the Fund […]

The U.S. economy saw an unexpected slowdown in the first quarter of 2024, with the Gross Domestic Product (GDP) growing at just a 1.6% annualized rate. This rate is too far lower than the expected growth of 2.4%, as was predicted by the economists. This deceleration is especially remarkable in view of the 3.4% of […]

Bitcoin accelerator ViaBTC has auctioned off the “epic” satoshi it mined for 33.3 Bitcoin which is approximately $2.13 million based on the current market value of the flagship cryptocurrency. The Historic ViaBTC Auction Upon the conclusion of fourth Bitcoin halving on April 20, ViaBTC mining pool won the competition to mine the first satoshi. It […]

Digital Currency Group (DCG) has officially announced the appointment of Aimie Killeen as its new Chief Legal Officer. This strategic move comes at a crucial time for DCG, as the company seeks to bolster its legal and corporate governance framework. Aimie Killeen’s Legal Expertise In her new position at Digital Currency Group, Aimie Killeen adds […]

The crypto market is facing another setback with the Bitcoin price drop. As a result, the majority of cryptocurrencies are under losses, including PEPE. The frog-themed meme coin, PEPE has succeeded in staying in a profit overall this week as the price has surged by 50%, but compared to its yesterday’s value, the token is in […]

Bitcoin price today: The spike in investors’ risk appetite after the halving last week has been halted in the last couple of days, with Bitcoin price left with no option to seek liquidity downstream. This lack of interest in buying BTC is reflected in the net outflow volume witnessed in the ETF sector. Moreover, the […]

Perianne Boring, the CEO and founder of the Chamber of Digital Commerce (CDC), recently took to a post on X, offering critical insights into the IRS’ latest draft of Form 1099-DA and what it holds for the world of cryptocurrencies. In her post shared today, April 25, the CEO spotlighted the IRS’ (Internal Revenue Service) […]

The Grayscale Bitcoin Trust (GBTC) has established a precedent of negative investor sentiments, which have been incredibly prolonged. This 72-day stretch outlasts any world ETF fund streak in known history, Bloomberg’s Senior ETF Analyst Eric Balchunas confirms. The unexpected outflows continued since the USA permitted the spot Bitcoin ETFs to launch on January 30, 2023. […]

As India Election 2024 progresses through multiple phases, crypto enthusiasts and industry observers in the world’s largest democracy, are eagerly anticipating indications about the direction of crypto policy in the country. Although there is significant political excitement surrounding the elections, it appears that India’s position on cryptocurrencies will probably remain consistent during the next parliamentary […]