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BlackRock takes initial steps toward an Ethereum ETF. BlackRock’s move signals the growing institutional interest in cryptocurrency investments. The SEC’s cautious stance on crypto ETFs presents regulatory challenges despite increasing industry enthusiasm. On Thursday, the website for Delaware’s Division of Corporations revealed the registration of an “iShares Ethereum Trust.” This move closely mirrors the steps taken by BlackRock in June when the company filed for a Bitcoin ETF, with a similar notice for the “iShares Bitcoin Trust.”  BlackRock has made first step towards filing for a spot Ether ETF. I just confirmed on the website myself. Nice catch by @SummersThings https://t.co/mLKIhKdiI6 — Eric Balchunas (@EricBalchunas) November 9, 2023 The iShares product, managed by BlackRock, holds a dominant position in the exchange-traded funds sector, boasting more than $2.3 trillion in assets under manageme...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Do you recall the state of crypto exchanges back in 2017? I entered the crypto space at that time, and crypto exchanges were entirely different from what they are today. They offered a bad user experience, had poor website engines, lacked mobile applications, and had almost no investment products or trusted methods to buy crypto.  Blockchain market in 2017 | Source: CB Insights Looking at it from today’s perspective, the experience with cryptocurrency exchanges in those years was extremely clunky. And, let’s not even start talking about the capabilities of the first generation of decentralized exchanges (DEXs). You might also like: Decentralized finance is changing our everyday lives | Opinion Two bull run cycles have passed, and now we see a completely different picture. As Bob Dylan aptly put it, “Th...

Bitcoin (BTC) pleasantly shocked the entire market with its recent surge, reaching the $35,000 milestone. Although it couldn’t maintain that level, the cryptocurrency experienced a minor correction and retraced to $34,000. At the time of writing, BTC is changing hands at $34,059.02, reflecting a 1.77% decline for the day. It’s worth mentioning that the asset saw a remarkable increase of more than 16% in the past couple of days. As BTC sits at its current value, a report from finder.com provides insights into future expectations, as interpreted by industry experts. As per a recent report, 31 analysts have come together to offer their projections for BTC’s price in 2025. The general agreement among those surveyed indicates that BTC is expected to end 2023 at a price of $30,000. It is anticipated to exceed its previous all-time high of $69,000 and reach a value of $87,000 by 2025. Source In the report, these experts engage in discussions about the likelihood of the S...

According to Spot On Chain data, the firms sent $10 million worth of crypto to a single wallet address, which then deposited the funds to Binance and Coinbase. Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the firms plan to sell some assets to pay back creditors. #FTX and #Alameda related addresses are depositing tokens to exchanges ! Via address 0xde9, #FTX 0x97f and #Alameda 0xf02 have transferred 2,904 $ETH ($5.21M) 1,341 $MKR ($2.01M) 11,975 $AAVE ($1.02M) 198,807 $LINK ($2.27M) to #Binance and #Coinbase in the past 5 hours .… pic.twitter.com/MQxCySp8g0 — Spot On Chain (@spotonchain) October 25, 2023 According to Spot on Chain data, an address listed as “likely” belonging to FTX transferred 2,904 Ether (ETH), worth over $5 million at t...

FCA’s enforcement of new advertising guidelines triggers changes in the UK crypto space, prompting high-profile exits and the birth of compliance gatekeepers. On Oct. 8, the UK’s Financial Conduct Authority (FCA) announcув a novel set of rules under the Policy Statement PS23/6. These guidelines were specifically crafted to oversee the promotion of crypto assets in the UK.  The immediate aftermath of this introduction saw a substantial shakeup, with many crypto companies deciding to exit the UK market due to the heightened regulatory environment. High-profile departures and market realignments have also been evident, emphasizing the significant impact of these regulations.  Let’s delve deeper into this topic and try to unravel the intricacies of these changes and understand the present state of the UK’s crypto sector in light of the FCA’s new regulations. Crypto firms respond to FCA’s regulatory overhaul The introduction of the FCA’s new pr...

The meme cryptocurrency Shiba Inu [SHIB] has been a consistent topic of discussion within the cryptocurrency community. In particular, with regard to its market value. As the network experiences ongoing enhancements aimed at increasing its utility, the central question is whether SHIB can hit the coveted 50 cent price threshold. The broader crypto community has collectively fixed its gaze on this significant milestone. However, some view it as a potential stepping stone towards the ultimate goal of reaching $1. Nevertheless, for SHIB to secure its position at $0.50, it will likely require the establishment of a strong price floor. In an effort to gain insights into the feasibility of SHIB reaching this level, Google’s artificial intelligence [AI] platform, Bard was consulted. Bard outlined several key factors that could contribute to SHIB’s progression toward the $0.50 price range. Bard’s Analysis emphasized the necessity of a notable surge in buying acti...

Shiba Inu [SHIB], a prominent representative of meme crypto currencies, has seen a significant drop in value following its peak in August, which marked a four-month high. The crypto market, as a whole, has encountered challenges throughout the year, making it a difficult environment for meme coins. These tokens often rely on short-lived, high-intensity surges in value. With SHIB’s losses for the year approaching the 10% mark, concerns have arisen about the path it will take in the future, contributing to an increased level of uncertainty in the cryptocurrency space. SHIB’s descent has been particularly evident since its peak in August. This abrupt drop in value has further fueled negative sentiment surrounding the coin. Given the broader turmoil in the crypto market, meme coins like SHIB have found themselves in a tough spot, experiencing only occasional, brief periods of recovery. Also Read: Will Shiba Inu Hit $0.01 if 50% Of Its Supply Is Burned? Forecasting S...

Stake.com was recently hacked for $41 million. What happened during the incident? How did the crypto casino giant respond to the attack? The implications and lessons for crypto. The security breach that saw online crypto casino Stake.com lose $41 million to hackers on September 4 is among the most notable attacks to hit the cryptocurrency industry this year. Since the incident, blockchain security analysts and law enforcement have linked the “suspicious outflows,” to a sovereign state actor – North Korea’s Lazarus Group. On September 7, the   Federal Bureau of Investigation (FBI) released a report that identified the Lazarus Group as the hacker responsible for the theft. The FBI also pinned several other crypto hacks to the group, including the attacks on Alphapo, CoinsPaid, and Atomic Wallet. The group is reportedly responsible for attacks that have seen more than $200 million in crypto stolen in 2023 alone. Understanding what...

G20 finance ministers say the document is necessary to achieve macroeconomic and financial stability goals. The G20 Finance Ministers and Central Bank Governors (FMCBG) adopt ed a crypto roadmap designed to support a coordinated regulatory framework for all group members. As reported by Business Standard, the roadmap called on boosting the World Bank’s capacity to support the “low and middle-income countries to meet the global challenges.” The new regulatory guidelines are based on updates from the International Monetary Fund and Financial Stability Board. According to the roadmap, jurisdictions should implement the Financial Action Task Force (FATF) anti-money laundering and counter-terrorist financing (AML/CFT) standards to “address risks to financial integrity” and mitigate criminal and terrorist misuse of cryptocurrencies. You might also like: G20 leaders support FSB recommendations on crypto regulation G20 and crypto regulations In ear...

A parliamentary committee in the United Kingdom has called for stricter regulations on sports fan tokens and has proposed that the government establish a code of conduct for NFT platforms. In a bipartisan move, a parliamentary committee in the UK has strongly recommended that the government takes measures to safeguard the rights of creators in the face of copyright violations linked to nonfungible tokens (NFTs). Additionally, the committee aims to tackle potential issues arising from sports organizations releasing digital assets. In a press release dated October 11, the Culture, Media and Sport Committee emphasized that the most critical concern is the threat to artists’ intellectual property rights due to the rapid and easy minting of NFTs, in stark contrast to the sluggish process artists encounter when attempting to protect their rights. Dame Caroline Dinenage, the committee’s chair, expressed concern, saying, “Artists face the risk of their hard-earned creations be...

The “Titan Fund” has already invested in five distinct blockchain startups, allocating two of these investments to projects based in Hong Kong. CMCC Global, a venture capital (VC) firm centered in Hong Kong with a focus on cryptocurrencies, has successfully raised a substantial $100 million to bolster emerging Asian blockchain startups. This remarkable achievement signifies the culmination of the inaugural funding round for the crypto fund, aptly named the Titan Fund. The round witnessed enthusiastic participation from 30 investors, featuring prominent names such as blockchain behemoth Block.one, Hong Kong magnate Richard Li’s Pacific Century Group, Winklevoss Capital, Jebsen Capital, and Animoca Brands founder Yat Siu, as reported by the South China Morning Post. The Titan Fund is strategically poised to channel its investments into pivotal sectors, including blockchain infrastructure, consumer-oriented applications such as gaming and nonfungible tokens (NFTs), and...

Australian police have arrested a 25-year-old man for reportedly selling illegal drugs on the dark web. The arrest was made in Adelaide Hills, South Australia. Police also seized crypto assets worth approximately $1.5 million and tens of thousands of dollars in cash. You might also like: FTX founder Sam Bankman-Fried’s trial day 2: Recap Detective Superintendent Adam Rice stated that the drug dealer was laundering money through digital currencies. Additionally, the individual was found to be selling a dangerous drug called “nitazene.” However, the criminal’s identity has not been revealed. Per the report, the police have gathered five kilograms of nitazene, “the largest seized in Australia to date.” “They are highly toxic drugs, similar to fentanyl, but which have never been approved for human consumption and they have [a] huge risk of overdose.”  Detective Superintendent Adam Rice added. The detective stated that...

In the ongoing Sam Bankman-Fried trial, prosecutors allege that the FTX co-founder’s crypto empire was “ built on lies.” In the opening statement to a newly sworn-in jury in Manhattan federal court, US Attorney Thane Rehn painted SBF as a greedy businessman who stole billions from customers. Rehn called the empire a “house of cards.” JUST IN: 🇺🇸 US Government says Sam Bankman-Fried's crypto empire was a "house of cards… built on a lie" in opening trial statement. pic.twitter.com/7G2xvWsGiF — Watcher.Guru (@WatcherGuru) October 4, 2023 “He had wealth, he had power, he had influence,” Rehn says in the statement. “But all of that — all of it — was built on lies.” The US government accuses Bankman-Fried of using his crypto exchange, FTX, to steal billions of dollars from customers to fund his own lifestyle and political campaigns. The government is charging SBF with multiple c...

Binance is apparently in the process of selling its business unit in Russia to a newly set up entity called CommEX — a process that could take up to a year. In the press release announcing this decision, Noah Perlman, chief compliance officer for Binance, stated that the company intends to “focus our energy on the 100+ other countries in which we operate.” This is a claim that Binance makes in other places as well, for example, on the ‘Countries and Regions‘ page on its website.  Confusingly, the page in question doesn’t list ‘100+ countries,’ only 45. It also continues to list Russia, despite the advertised sale, and separates Ukraine into two separate countries: one ‘Russian’ and one ‘Ukranian.’ The list of 45 names also considers Europe a nation. The list also features countries where Binance’s activities have recently come under greater scrutiny, such as France , where its offices were reportedly rai...

The world’s first and largest cryptocurrency , Bitcoin [BTC], emerged in 2008 and started being used in 2009. Currently, the leading cryptocurrency is valued at $26,618, and it reached a peak of $69,044 back in 2021. Despite its significant value and increasing popularity, the identity of the asset’s creator remains shrouded in mystery. Among the various claimants to the identity of Satoshi Nakamoto, one entity has garnered significant attention from the community. There have been suggestions connecting the creation of Bitcoin to the U.S. government, particularly the National Security Agency [NSA]. Daniel Roberts, co-founder of Iris Energy, resurfaced a long-standing theory, dating back to 1996. It was titled “How to Make a Mint: The Cryptography of Anonymous Electronic Cash.” The NSA invented Bitcoin? 1996 paper titled: HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH* Sources include "Tatsuaki Okamoto" 😳 Who else would be able to ...