SEC approves Valkyrie’s Bitcoin futures ETF
Last month, the watchdog gave the thumbs-up to Teucrium’s Bitcoin futures ETF, which is the first such vehicle to be approved under the ’33 Act. The United States Securities and…
US Senator Introduces Bill Prohibiting Labor Department From Interfering With Crypto in Retirement Accounts
A U.S. senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement…
3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining
The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto…
Senator Elizabeth Warren Demands Answers From Fidelity for Allowing Bitcoin in Retirement Plans
Two U.S. senators, including Elizabeth Warren, have sent a letter to Fidelity Investments demanding answers regarding the company’s decision to allow bitcoin investments in 401(k) retirement plans. “Investing in cryptocurrencies…
Square Enix Closes $300 Million Sale of Western Studios to Bankroll Blockchain Pivot
Square Enix, the influential Japanese gaming and publishing company, has sold its Western studios and some of its Western intellectual properties (IPs) to Embracer Group. The deal, which values these…
There’s more to NFTs than just PFPs — 5 ways nonfungible tokens will transform society
NFT art continues to grow in popularity, but what other industries could the technology disrupt in the next few years? The nonfungible token (NFT) sector has undergone a surge in…
Eager to work: Bitcoin switch to proof-of-stake remains unlikely
Environmental and proof-of-stake proponents have been lobbying to change Bitcoin’s mining consensus code, but history tells us why BTC is great the way it is. Bitcoin (BTC), the original cryptocurrency…
Ethereum hits 3-week high vs. Bitcoin amid Fed-led market rout
Ether could continue dropping against the U.S. dollar in a high interest-rate environment. Ethereum’s native token Ether (ETH) tumbled to its worst levels in almost two months against the U.S.…
Ready Games will help developers upgrade their games to Web3
The company will release tools to swiftly upgrade mobile Web2 games in compliance with Apple and Google app store rules. Ready Games, provider of developer and creator tools for the…
Any dip buyers left? Bulls are largely absent as the total crypto market cap drops to $1.65T
Weak retail demand and bearish derivatives data reflect a dismal short-term outlook for the crypto market. The total crypto market capitalization has been trading within a descending channel for 24…
Crypto Biz: The real reason crypto hodlers should care about the Federal Reserve, April 28–May 4, 2022
On May 4, the FOMC voted to raise interest rates by 50 basis points. Here’s why Bitcoin investors need to care about central bank’s policy. Wall Street’s slow embrace of…
Crypto mixer sanctioned by US Treasury for role in Axie Infinity hack
The crypto mixer is said to have processed $20.5 million out of the $620 million taken by North Korean Lazarus Group hackers. The United States Treasury Department Office of Foreign…
Finance Redefined: DeFi protocols lost $1.6B, EU to rethink DeFi approach, and more
The week in DeFi saw European lawmakers write a new chapter on DeFi, a Virginia county plan to put its pension fund in a DeFi yield, DeFi protocols lose $1.6…
Bitcoin Price Prediction for Today, May 6: BTC Price Plummets Below $36,000
The Bitcoin price prediction loses traction as the coin heads to the south; losses are likely to continue in the near term. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels:…
Spanish Securities Regulator Orders Binance to Stop Offering Cryptocurrency Derivatives
The Spanish securities regulator, the CNMV, has ordered Binance to stop offering cryptocurrency derivative products to customers in the country. According to local media, the crypto exchange giant has followed…