Coinbase Ethereum Scaling Solution Primed To Become Largest Layer-2 Blockchain by End of 2024: IntoTheBlock

October 15, 2024 The Daily Hodl

Altcoins

Market intelligence platform IntoTheBlock says Coinbase’s Ethereum (ETH) scaling solution is on track to become the largest layer-2 (L2) blockchain by the end of the year. In a new report, IntoTheBlock says that key metrics indicate Base is experiencing exceptional growth this year. IntoTheBlock first looks at Base’s total value locked (TVL), the metric representing […]

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Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Bitcoin Approaching Longest Sideways Consolidation in Halving-Year History, According to CryptoQuant CEO

October 13, 2024 The Daily Hodl

Bitcoin

The chief executive of market intelligence firm CryptoQuant says that Bitcoin (BTC) is nearing the longest sideways consolidation period ever during one of its halving years. In a new thread on the social media platform X, Ki Young Ju says that if the crypto king doesn’t spark a rally within the next two weeks, it […]

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Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

SEC’s Crypto Regulation Labeled a ‘Disaster’ by Commissioner

October 12, 2024 Bitcoin.com

bitcoin.com

A U.S. Securities and Exchange Commission (SEC) commissioner has called the agency’s approach to cryptocurrency regulation a “disaster,” highlighting the SEC’s reliance on enforcement without clear guidance. He criticized the lack of regulatory clarity, which has led to conflicting court rulings, and emphasized the need for clearer distinctions on what falls under securities law. SEC’s […]

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Crypto Exchange Coinbase Adds Support for Solana-Based Decentralized GPU Network Altcoin

October 10, 2024 The Daily Hodl

Coinbase is adding support for one artificial intelligence (AI)-focused altcoin on the Solana (SOL) network. In a new announcement, the top US crypto exchange says that decentralized physical infrastructure network (DePIN) io.net (IO) is being added to the platform for trading. Says Coinbase, “Trading will begin on or after 9 a.m. Pacific Time on October […]

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Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Dip in trading at Binance and other major crypto exchanges confounds experts

October 10, 2024 Coin Telegraph

Binance

Experts are having trouble explaining why trading is slumping at the same time that Bitcoin prices rise. Are geopolitical tensions to blame.

Spot-market trading volume at Binance sagged 23% in September – to $344 billion – its lowest monthly mark since November 2023, CCData reported last week.

And Binance, the world’s largest cryptocurrency exchange, wasn't alone.

Other mainstream exchanges, including OKX, HTX, Coinbase, Kraken, and Bybit reported month-on-month declines of 25%, 24%, 30%, 25% and 20%, respectively, Jacob Joseph, senior research analyst at CCData, told Cointelegraph on Oct. 8.

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Microstrategy’s Stock Surges 185% in 2024, Outpacing Bitcoin Holdings

October 9, 2024 Bitcoin.com

Bitcoin

On Tuesday, while bitcoin dipped more than 2% against the U.S. dollar, shares of the business intelligence firm Microstrategy soared over 6% from the day before. The company’s stock has outpaced bitcoin’s performance this year, climbing over 185% since January compared to bitcoin’s 47% increase. Microstrategy’s Stock Climbs 185% Year-to-Date, Other Firms Test the Holding […]

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Bitcoin Coinbase premium turns negative as BTC price stalls under $63K

October 8, 2024 Coin Telegraph

Bitcoin

Bitcoin price stagnates below $63,000 as on-chain data highlights an uptick in selling activity.

Bitcoin (BTC) dropped briefly below $62,000 after reaching an Oct. 7 high of $64,448. Although the weekly open had restorted traders’ hopes for a bullish October, today’s pullback to $62,000 signals that bulls are not in control just yet.

Bitcoin 1-hour chart. Source: Trading View

Data from CryptoQuant highlights that the Coinbase premium has remained largely negative since the beginning of October, illustrating a lack of demand from Coinbase traders.

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review

October 6, 2024 Bitcoin.com

bitcoin.com

Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new stablecoin from Ethena Labs. The SEC has formally appealed a court ruling in its case against Ripple Labs, citing significant legal errors. Coinbase is optimistic […]

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Coinbase to Delist USDT in Europe Amid New EU Regulations

October 6, 2024 Bitcoin.com

bitcoin.com

Coinbase has announced plans to delist Tether’s USDT and other stablecoins that do not comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations by December 30, 2024. This decision is part of Coinbase’s efforts to adhere to the new rules, which require stablecoin issuers to obtain an e-money license in an EU member state. […]

Hashdex again amends S-1 for Nasdaq Crypto Index US ETF

Coinbase To Stop Supporting Non-Compliant Stablecoins in EU by the End of 2024, Including Possibly USDT: Report

October 5, 2024 The Daily Hodl

coinbase

Coinbase reportedly plans to cut support for certain stablecoins in the European Union (EU) by the end of the year. A spokesperson for the crypto exchange tells Bloomberg the exchange will delist stablecoins in Europe that don’t comply with the EU’s Markets in Crypto-Assets Regulation (MiCA). “Given our commitment to compliance, we intend to restrict […]

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