Author: Crypto News

Last updated: April 25, 2024 08:48 EDT | 11 min read Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content“Spark Genesis AI is designed to establish links between those seeking to understand investment and organizations qualified to educate on investment issues,” the platform quotes. While the mission of bridging the gap in financial literacy seems noble, can Spark Genesis AI’s matching system be trusted to connect users with legitimately “qualified” educators?In this comprehensive review, we’ll take a close look at all the offerings of the Spark Genesis AI platform and determine whether it’s…

Last updated: April 25, 2024 05:32 EDT | 1 min read The digital euro will likely not launch until 2028 or 2029, Germany’s central bank president, Dr. Joachim Nagel, said on Wednesday.“It may take another four or five years before it is actually implemented,” he said at the DZ Bank Capital Markets Conference 2024.The European Central Bank (ECB) initiated a two-year “preparation phase” for the project late last year. During this period, it plans to finalize rules, select private-sector partners, and conduct testing and experimentation.After these two years, the Governing Council will determine whether to proceed to the next stage…

Last updated: April 25, 2024 04:00 EDT | 1 min read Nearly four in ten Canada-based institutional investors had exposure to crypto assets in 2023, KPMG survey finds. This marks a significant recovery from the 2022 market slump.The KPMG in Canada and CAASA survey highlighted that 39% of (or nearly 4 in 10) Canadian institutional reported having direct or indirect exposure to crypto assets in 2023, which is up from 31% in 2021.“The last time we did this survey in 2021, it was a strong year for crypto assets,” says Kunal Bhasin, partner at KPMG in Canada’s Digital Assets practice.He…

Last updated: April 25, 2024 03:29 EDT | 2 min read A yellow legal pad with the words “Buy Bitcoin” written on it, famously displayed behind former United States Federal Reserve Chair Janet Yellen during a congressional hearing in 2017, has been sold at an auction for over $1 million, equivalent to 16 Bitcoin.The auction took place on the Bitcoin auction platform Scarce City and concluded on April 24, with the winning bidder identified as “Justin,” also known as “Squirrekkywrath.” The seller of the pad was Christian Langalis, who had written the note and briefly flashed it to the camera while seated behind…

Last updated: April 25, 2024 03:09 EDT | 2 min read Sam Altman’s Worldcoin project is reportedly running low on orbs, the devices used for iris scans in return for tokens.These orbs are biometric imaging devices that securely verify a person’s identity using iris scans. They are intended to prevent multiple accounts or identities within the Worldcoin system.Alex Blania, CEO of Tools for Humanity, the developer behind Worldcoin, told Semafor that the startup is expanding silver orb production to meet soaring demand. Currently, between 300 and 500 orbs are available, according to the report published Wednesday.The issue highlights Worldcoin’s swift…

Last updated: April 25, 2024 02:45 EDT | 1 min read Hong Kong Securities and Futures Commission (SFC) has approved three spot Bitcoin and Ethereum exchange-traded funds (ETFs) that will start trading on April 30.According to a recent social media post by Bloomberg Intelligence ETF analyst James Seyffart, the issuers of the ETFs have revealed their fees, including one as low as 0.3% after a six-month waiver. A potential fee war could break out in Hong Kong over these #Bitcoin & #Ethereum ETFs. Harvest coming in hot with a full fee waiver and the lowest fee at 0.3% after waiver.…

Last updated: April 25, 2024 02:22 EDT | 2 min read Morgan Stanley, one of the leading financial institutions, is reportedly exploring the possibility of expanding its sales of Bitcoin exchange-traded funds (ETFs) by allowing its approximately 15,000 brokers to actively recommend these products to customers. This potential move comes as the firm aims to tap into the growing demand for cryptocurrency investments, according to a report from AdvisorHub.Currently, Morgan Stanley offers Bitcoin ETFs on an unsolicited basis, meaning that customers must approach their advisors independently to express interest in investing. By enabling advisors to actively recommend these products, the firm could potentially…

Last updated: April 25, 2024 00:02 EDT | 1 min read Pyth Network has now launched its Pyth Price Feeds on Morph testnet, a Layer 2 which is looking to redefine the Ethereum scaling experience by combining ZK technology and optimistic rollups. This update will allow smart contract developers access to over 500 real-time price feeds across digital asset classes.The Pyth Network is a decentralized oracle network designed which provide high-frequency pricing data to blockchains. Pyth has moved from Solana to Pythnet, its own blockchain built using Solana’s codebase. The original whitepaper proposed an initial protocol design focused on the…

Last updated: April 24, 2024 23:10 EDT | 1 min read Since the fourth Bitcoin halving took place resulting in Bitcoin issuance dropping from 900 to 450 per day miners have seen daily revenue hit a record high of over $100 million, said CryptoQuant the on-chain data analytics firm based in South Korea.In its weekly research note, CryptoQuant said the spike in revenues was the result of record-high transaction fees of $80 million or 1,252 Bitcoin – representing 75% of total miner revenue that day.The issuance of new Bitcoin per block has been cut in half to 3.125 Bitcoin. This…

Last updated: April 24, 2024 23:00 EDT | 2 min read The Brazilian megabank Nubank is launching withdrawal services for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), in the latest bullish move from the neobank.In an official notice on the Nubank community page, the bank said that it would allow customers to “send and receive [cryptoassets]” from their app-based wallets.The bank first announced its plans to enable withdrawals in December last year, but says the service is now live.Brazilian Megabank Bullish on BTC, CryptoNubank wrote:“For now, it will be possible to send and receive Bitcoin, Ethereum, and Solana. However, we…