In a surprising turn of events, Ripple CEO Brad Garlinghouse announced that the company has decided to abandon its direct acquisition of financial institution Fortress Trust. The decision marks a significant departure from Ripple’s earlier intention to acquire the firm, as they had signed a letter of intent just a few weeks ago. However, Garlinghouse
Month: September 2023
Investment manager VanEck has fired up the marketing engine for its “upcoming” Ethereum futures exchange-traded fund (ETF), which some analysts expect could be launched as early as Oct. 2. On Sept. 28, VanEck released the two “Enter the Ether” themed TV commercials, revealing that its Ethereum Strategy ETF — tickered EFUT — is “coming soon.”
Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese worker fined $145K over VPN An unnamed individual in China was fined 1.06 million Yuan ($144,907) for using a virtual private network (VPN) to access restricted websites as part of a remote work routine for a foreign employer. According to
Asset management firm Valkyrie will begin offering exposure to Ether (ETH) futures to United States investors through its existing Bitcoin Strategy exchange-traded fund, or ETF. A Valkyrie spokesperson told Cointelegraph on Sept. 28 that the firm’s Bitcoin Strategy ETF will allow investors access to Ether and Bitcoin (BTC) futures “under one wrapper,” making it one of the
Former FTX CEO Sam Bankman-Fried (SBF) will remain in jail at least until the start of his Oct. 3 criminal trial following an order from a federal judge. In a Sept. 28 hearing in United States District Court for the Southern District of New York, Judge Lewis Kaplan denied a motion from SBF’s legal team
Bitcoin (BTC) hit new weekly highs after the Sep. 28 Wall Street open as markets awaited fresh cues from the United States Federal Reserve. BTC/USD 1-hour chart. Source: TradingView Bitcoin summons volatility ahead of Powell speech Data from Cointelegraph Markets Pro and TradingView showed BTC price strength staging a comeback on the day, having delivered what
Despite its roots embedded in Bitcoin (BTC) lending, lending platform Ledn has announced the launch of an Ethereum (ETH) yield offering following user requests for a shielded alternative to manually staking Ether. The Cayman Island’s firm has added an ETH offering to its Growth Accounts products, which currently offers users ring-fenced facilities to earn interest
Bitcoin (BTC) is still in a bullish reversal when looking at this year’s price chart. BTC price has gained 70% after bottoming out at around $16,800 in November 2022, defying rate hike fears while riding on growing ETF approval optimism. However, in recent months, Bitcoin bulls have failed to sustain BTC price above $30,000. Therefore, with
Europe remains fertile ground for the cryptocurrency ecosystem to flourish in comparison to harsher regulatory environments, according to prominent speakers at this year’s Blockchain Expo in Amsterdam. Cointelegraph attended the convention held at the RAI conference center for the second year running, with the Blockchain Expo forming part of the larger Tech Expo event being
Global businesses are confronting significant headwinds as cross-border payment volumes have rebounded to pre-pandemic levels while grappling with the looming challenges of escalating interest rates. Amidst these complexities, Ripple Labs’ latest insights into the shifting economic landscape reveal their crypto-enabled payment solutions as a countermeasure. Major Pain Points In The Economic Landscape In their recent
Ethereum futures exchange-traded funds (ETFs) could start trading for the first time in the United States as early as next week, according to Bloomberg analysts. On Sept. 28, Bloomberg Intelligence analyst James Seyffart said it was “looking like the SEC is gonna let a bunch of Ethereum futures ETFs go next week potentially.” His comments
Bitcoin (BTC) managed to stay above the $26,000 level even as the S&P 500 tumbled to a three-month low and the US dollar index (DXY) rose to a new year-to-date high. This is a mildly positive sign as it shows a lack of aggressive selling at lower levels. Bitcoin remains stuck inside a range and
Pull your sats out of Minecraft now Back in our July edition, we announced Satlantis, an independent Minecraft server run by the game’s fans, enabled players to earn Bitcoin by completing in-game quests using play-to-earn functionalities. We noted Minecraft developer Mojang’s previous NFT ban and concluded, “Time will show how this integration fairs against the
Bitcoin mining firm Marathon Digital has confirmed it mined an invalid Bitcoin (BTC) block during an “experiment” aimed at optimizing the firm’s operations. In a Sept. 27 post, Marathon said it utilizes a small percentage of the firm’s hashrate toward these experiments and stressed they weren’t trying to alter the network in any way: “In no
Lawyers for Terraform Labs co-founder Do Kwon have requested a federal court to reject the United States Securities and Exchange Commission’s (SEC’s) request to question him in the U.S. over the collapse of the Terra Money ecosystem. In a Sept. 27 filing, Kwon’s legal team said that the SEC’s request to question him in the
The United States Securities and Exchange Commission (SEC) has delayed reaching a decision on whether to approve or disapprove of spot Ether (ETH) exchange-traded fund applications from ARK 21Shares and VanEck. In separate notices filed Sept. 27, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed
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