ether (ETH)

Banking Giant Santander to Offer Cryptocurrency Trading Services in Brazil

June 27, 2024 Bitcoin.com

Bitcoin (BTC)

Santander, the multinational banking giant, has recently announced that it will start offering cryptocurrency trading services in Brazil. The bank will roll out this functionality to selected customers of Toro, its investment unit, this week and will gradually extend it to more users in the future. With this move, Santander joins Nubank and Itau Unibanco, […]

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Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Bitwise CIO Makes the Case for Adding Ether to Investment Portfolios

June 22, 2024 Bitcoin.com

bitcoin.com

Matt Hougan, CIO of Bitwise, a crypto-based index fund and ETF provider, has explained why he believes ether might be an interesting asset for an investment portfolio. Hougan states three key reasons for investing in ether: diversification to “own the market,” different use cases than bitcoin, and historical analysis. Bitwise CIO Presents Three Reasons to […]

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Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Largest Bank in Brazil Itau Unibanco Opens Cryptocurrency Trading to All Users

June 11, 2024 Bitcoin.com

Bitcoin (BTC)

Itau Unibanco, the largest bank in Brazil and all of Latam, has reported the availability of cryptocurrency trading services for all its users. Through Ion, the bank’s in-house investment platform, customers can purchase bitcoin (BTC) and ether (ETH), a feature previously available to selected users. Brazilian Banking Giant Itau Unibanco Opens Cryptocurrency Trading Services for […]

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Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Analysts: SEC Could Begin Approval Process for Spot Ethereum ETFs Tomorrow

May 21, 2024 Bitcoin.com

bitcoin.com

Bloomberg’s ETF analysts have explained that the U.S. Securities and Exchange Commission (SEC) could start the approval process for spot ethereum exchange-traded funds (ETFs) tomorrow. They noted that the securities regulator has requested revised Form 19b-4s from issuers to be submitted by Tuesday morning, indicating “likely approval” as soon as Wednesday. This submission is a […]

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Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Financial Nonprofit Better Markets: Approving a Spot Ether ETF Would Threaten ‘the Broader Financial System’

May 18, 2024 Bitcoin.com

Better Markets

Better Markets, a financial nonprofit organization, has lashed out against approving a spot ether ETF product, stating that it would endanger the broader financial system. In a supplemental comment letter sent to the SEC, the organization states that approving these spot ether ETPs would “interweave the crypto industry with traditional finance,” aggravating systemic risks introduced […]

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Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Polygon CEO: L3s Might Represent a Threat to Ethereum’s Security

April 2, 2024 Bitcoin.com

bitcoin.com

Marc Boiron, CEO of Polygon, an Ethereum-compatible sidechain scaling solution, gave his take on the rise of Layer 3 (L3) scaling structures in the Ethereum ecosystem. According to Boiron, L3s only take value away from Ethereum’s chain and concentrate it in their corresponding base L2, creating a security risk for the network. Polygon CEO Criticizes […]

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Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Coinbase on Grayscale Ethereum Spot ETF Application: “ETH Is a Commodity, Not a Security”

February 24, 2024 Bitcoin.com

bitcoin.com

Coinbase has answered the SEC request for comments on the proposed rule change to list the ETH Grayscale Fund as a spot ETF. Coinbase stated that ether was a commodity, and its status has been publicly recognized in a variety of circumstances by U.S. agencies and courts. Coinbase Supports Ethereum Grayscale Fund Conversion as a […]

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Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Cryptocurrency Exchange Fixedfloat Hacked, Close to $26 Million Lost in BTC and ETH

February 19, 2024 Bitcoin.com

Bitcoin (BTC)

Fixedfloat, an automatic cryptocurrency exchange, has been hacked by an unknown attacker who siphoned almost $26 million worth of BTC and ETH. The exchange, which has already acknowledged the attack, is investigating the event and working to eliminate all possible vulnerabilities. Meanwhile, Fixedfloat’s platform remains closed until further notice. Fixedfloat Loses $26 Million in ETH […]

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Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Raging Inferno: Over 3% of All Ether Supply Has Been Burned Since Implementing EIP-1559

February 12, 2024 Bitcoin.com

bitcoin.com

Ethereum has shed a significant part of its supply since the London upgrade, applied in August 2021. According to ultrasound.money, a portal that records several statistics associated with the ETH burn, over 4 million ether (3.2%) have been removed from the network since the adoption of EIP-1559, which changed how fees are calculated. EIP-1559 Burns […]

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Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes