Author: Crypto News

Last updated: May 30, 2024 01:51 EDT | 2 min read According to documents filed with the U.S. Securities and Exchange Commission (SEC) on May 24, Hashdex has officially withdrawn its application for the Hashdex Nasdaq Ethereum ETF. The filing, submitted on May 28, has left investors and industry observers speculating about the reasons behind this unexpected move, especially given the SEC’s recent approval of eight similar financial products.Hashdex Withdraws Application for Spot Ether ETF Following SEC ApprovalsFiling of Hashdex’s withdrawal. Source: US SEC The Hashdex Nasdaq Ethereum (ETH) exchange-traded fund (ETF) aimed to combine spot Ether holdings with Ether…

Last updated: May 30, 2024 00:20 EDT | 1 min read The New York Stock Exchange (NYSE) on Wednesday announced its intention to introduce cash-settled spot Bitcoin options, pending regulatory clearance.The new Bitcoin options on the NYSE will track the CoinDesk Bitcoin Price Index (XBX) to determine their value. This index, created by CoinDesk Indices, has been around for a decade and is already used to track over $20b worth of Bitcoin ETFs.“As traditional institutions and everyday investors are demonstrating their wide-ranging enthusiasm for the recent approval of spot bitcoin ETFs, the New York Stock Exchange is excited to announce…

Last updated: May 29, 2024 21:34 EDT | 2 min read Solana Meme Coin Prices Surge – Dogwifhat Up 20% and Sealana Raises Over 3 Million / Source: Cryptonews Solana meme coin prices are surging, with dogwifhat (WIF) up a stunning 27% since the start of the week while an exciting new coin called Sealana (SEAL) has raised more than $3 million.WIF retested $4.0 on Wednesday and looks likely to soon retest its 20224 highs around $4.80.Solana meme coin dogwifhat has a chance of retesting yearly highs. Source: TradingViewIt was last trading around $3.77. Meme coins have been doing well…

Last updated: May 29, 2024 20:25 EDT | 2 min read Trader Turns $462 into $3.4 Million Thanks to PEPE / Source: Cryptonews While very volatile, cryptocurrencies offer some of the highest potential returns in investing, especially with assets like meme coins.The potential of meme coins to turn a small investment into a fortune was on full display recently.As per on-chain monitoring and analytics firm Lookonchain, one trader recently turned $462 into $3.4 million in Pepe (PEPE). An early buyer of $PEPE deposited all 182.9B $PEPE($2.53M) into #Binance 6 hours ago. This guy spent 0.22 $ETH($462) to buy 324.9B $PEPE…

Last updated: May 29, 2024 18:05 EDT | 1 min read Source: Pixabay / AKuptsova Mastercard’s new “Crypto Credential” service has now gone live, making peer-to-peer crypto transfers far more intuitive for average users.The payment giant’s new service allows users of select crypto exchanges to send and receive digital assets using a Mastercard Crypto Credential Alias rather than blockchain addresses, which are long and confusing strings of random numbers and letters.Mastercards’s Crypto Credential Service“This solution not only replaces complex wallet addresses with user-friendly aliases, but also makes sending blockchain transactions secure, transparent and accessible,” wrote Mastercard to Twitter on Wednesday.…

Last updated: May 29, 2024 17:56 EDT | 1 min read At Consensus 2024, PayPal Holdings, Inc. announced on May 29 that it would expand its stablecoin, PayPal USD (PYUSD), to the Solana blockchain. Paypal’s goal is to enhance transaction speeds and reduce costs, providing users greater flexibility and control. The integration will use Solana’s high-speed and low-cost infrastructure.PayPal USD is issued by Paxos Trust Company, a fully chartered limited-purpose trust company regulated by the New York State Department of Financial Services. U.S. dollar deposits, U.S. Treasuries, and similar cash equivalents fully back reserves for PYUSD.PayPal Using Solana’s Tech Infrastructure…

Last updated: May 29, 2024 17:28 EDT | 2 min read Bitfarms, a global Bitcoin mining company, confirmed on May 28 that it received and rejected an acquisition proposal from Riot Platforms on April 22, 2024.The proposal, offering US$2.30 per Bitfarms common share in cash and Riot common stock, was evaluated by a Special Committee of the Bitfarms Board, consisting solely of independent directors.Bitfarms Special Committee’s EvaluationBitcoin mining firm Bitfarms explained its decision to reject Riot Platforms’ acquisition proposal in a statement.According to a recent Bloomberg report, Riot’s offer includes a mix of cash and common stock, valuing Bitfarms at…

Last updated: May 29, 2024 17:12 EDT | 2 min read ARK Invest CEO Cathie Wood believes El Salvador’s Bitcoin and AI adoption plan could see its GDP tenfold in the next 5 years.In an X thread, Cathie Wood praised El Salvador’s transitions into an “oasis” for Bitcoin and AI adoption under Nayib Bukele’s presidency.“President Bukele’s determination to turn El Salvador into an oasis for the bitcoin and AI communities – two of the biggest economic and technology revolutions in history – is the reason I believe that its real GDP could scale 10-fold during the next five years,” she…

Last updated: May 29, 2024 16:47 EDT | 2 min read The Texas State Securities Board greatly damaged a fraudulent Arkbit cryptocurrency cloud mining operation on with a May 28 cease and desist order against Arkbit Capital for engaging in deceptive practices to perpetrate an alleged investment fraud.The order revealed that the Texas State Securities Board, led by Financial Examiner Alexis Cantrell, uncovered Arkbit’s false claims of operating data centers in Arkansas for cloud mining various cryptocurrencies.Arkibt Alleged of Fraudulent Cloud Mining SchemeArkbit falsely promised investors daily returns of 1.6% to 2.8% for 120 days on crypto deposits ranging from…

Last updated: May 29, 2024 16:16 EDT | 2 min read The Bank of Israel (BoI) is speeding up efforts to develop its central bank digital currency (CBDC), dubbed the “digital shekel.” In a recent update on May 28, the bank revealed plans for the CBDC’s payment use case through the ‘Digital Shekel Challenge’ experiment, a key part of its action plan for the potential issuance of the CBDC.The central bank stated in a press release that it plans to launch the “Digital Shekel Challenge,” an experiment inspired by Project Rosalind, a joint initiative between the Bank for International Settlements…