Invesco exec reveals reasons for dropping Bitcoin futures ETF
Invesco withdrew its Bitcoin Strategy ETF due to the inability to offer exposure to a mix of futures swaps and spot Bitcoin. After dropping a filing for a Bitcoin (BTC)…
El Salvador to inaugurate Bitcoin City backed by $1B BTC bonds
The development of Bitcoin City will see the proactive involvement of prominent crypto companies including cryptocurrency exchange Bitfinex and Adam Back’s Blockstream. El Salvador continues to lead the Bitcoin (BTC)…
Australian regulator says crypto assets are unregulated, and investors were “on their own”
The Australian financial market watchdog has announced that it was working with legislatures to create a crypto regulatory framework. However, the regulators stated that at the moment, cryptocurrencies were highly…
Dogecoin and Shiba Inu enjoy increased popularity in the US
Shiba Inu and Dogecoin have made notable gains this year. The two meme coins currently rank as top cryptocurrencies in the market and are also listed on leading exchange platforms.…
Ethereum losing its top spot in DeFi leadership
Ethereum is currently the blockchain leader in the decentralized finance (DeFi) sector. According to DeFi Llama, the total value locked on the Ethereum network sits at around $170.78 billion, significantly…
Zcash Price at $206.60 after 10.8% gains – How to buy ZEC
The crypto market is currently facing a strong recession, with coins failing to make any significant gains. Bitcoin has retreated to trading at $57K, and other cons are reacting to…
US Navy to pilot blockchain-based project to improve medical supply lines
Consensus Networks uses the IoTeX blockchain to monitor the health of 700,000 U.S. Navy sailors and marines in real time. The United States military continues to explore blockchain technology to…
Ethereum ‘huge Cup & Handle pattern’ reaffirms $6.5K ETH price target
The bullish outlook appears as ETH’s price decline stalls near its old cup-and-handle resistance level, now acting as support and thus raising the potential of a strong rebound ahead. Ethereum’s…
Crypto can erode tax base, Russia’s tax boss says
The Russian State Duma approved a bill on crypto taxation in early 2021, but the bill has yet to move any further. The Russian Federal Taxation Service (FTS) is actively…
DigitalArt4Climate announce competition winners at COP26
The 30 finalists and winners of the DigitalArt4Climate competition were announced at a COP26 press conference. A panel of thought leaders and blockchain visionaries from around the globe converged in…
Electric Coin Company Reveals Zcash Network to Transition to Proof-of-Stake in 3 Years
On Friday, Electric Coin Company (ECC), the developers behind the privacy-centric crypto-asset zcash, revealed the network plans to transition to proof-of-stake (PoS) consensus. ECC also revealed the team plans to…
Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto Pyramid
Kirill Doronin, mastermind of the Russian crypto Ponzi scheme Finiko, has proposed to testify against dozens of his former associates he claims violated his order to accept only cryptocurrency from…
$60K becomes resistance — 5 things to watch in Bitcoin this week
A headache for Bitcoin bulls is compounded by a raging U.S. dollar, as investors sit on the fence over which way the market will go. Bitcoin (BTC) begins a new…
Shiba Inu team issues scam alert to SHIB investors
The team warned SHIB investors about scammers that are impersonating official accounts and creating fake users. The team behind meme cryptocurrency Shiba Inu (SHIB) has issued a public warning against…
Three Arrows Capital CEO backtracks on Ethereum abandonment comments
Zhu Su backtracked after the initial scathing comments, saying that he “loves Ethereum and what it stands for.” CEO and founder of hedge fund Three Arrows Capital (3AC) Zhu Su…