Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto

May 10, 2024 Bitcoin.com

Latam E-Commerce Giant Mercado Libre Holds Million in Crypto

Bitcoin

Mercado Libre, one of the biggest e-commerce platforms in Latam, has disclosed it holds over $40 million in cryptocurrency, according to its Q1 2024 filings. The company disclosed that it held 412.7 bitcoin (BTC) and 3,041.6 ethereum (ETH), by March 31. However, Mercado Libre does not own these holdings, as its CIO Richard Cathcart explained, […]

Zimbabwe Injects Million to Bolster Devalued Currency

Zimbabwe Injects $50 Million to Bolster Devalued Currency

SEC’s Gary Gensler is getting irked being asked about crypto

May 8, 2024 Coin Telegraph

Coin Telegraph

SEC Chair Gary Gensler says he gets an “outsized ratio” of questions about crypto despite its relatively small size compared to the overall financial market.

The head of the United States securities regulator, Gary Gensler, appears to be getting fed up with answering questions about crypto — recently commenting he receives an “outsized ratio” of questions about it compared to traditional finance.

“Crypto is a small piece of our overall markets,” Gensler said on CNBC’s Squawk Box on May 7 responding to a question on where the Securities and Exchange Commission’s priorities lie.

Gensler inferred a comparison between the “$110 trillion capital market” the SEC oversees and the $2.4 trillion crypto market — claiming much of the latter doesn’t comply with U.S. securities laws so it has “an outsized piece of the scams and frauds and problems in our markets.”

Zimbabwe Injects $50 Million to Bolster Devalued Currency

SEC punts Galaxy spot Ethereum ETF decision to July

May 7, 2024 Coin Telegraph

Coin Telegraph

The Securities and Exchange Commission has delayed making a decision on Invesco Galaxy’s application for an Ether ETF, with the next deadline on July 5.

The United States Securities and Exchange Commission has delayed its decision on Galaxy Invesco’s application for a spot Ether (ETH) exchange-traded fund (ETF).

In a May 6 filing, the SEC gave itself another 60 days to make a call on the Galaxy’s ETF, with the next deadline set to July 5.

“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the SEC wrote.

Zimbabwe Injects $50 Million to Bolster Devalued Currency

Hong Kong spot Bitcoin and Ether ETFs struggle to gain traction

May 6, 2024 Coin Telegraph

Bitcoin

The exchange-traded funds only managed to attract around $22.5 million inflows during their first week of launch.

Hong Kong spot Bitcoin exchange-traded funds (ETFs) are far underperforming their U.S. counterparts in the first week of launch.

According to data compiled by Farside Investors, the three spot Bitcoin (BTC) ETFs that launched on April 30 in the East Asian City have attracted a total of $262 million in assets under management (AUM), the vast majority of which was subscribed to before the listing. Meanwhile, their asset inflows amounted to less than $14 million in the first week of launch, far below the billions that flowed into U.S. spot Bitcoin ETFs in January.

“In our view, the launch of the Bitcoin and Ethereum ETFs in Hong Kong, is a far less significant moment that the US ETFs,” Farside Investors commented. Meanwhile, Hong Kong spot Ether (ETH) ETFs, the first of their kind in the world, also did not impress, with a cumulative $54.2 million in AUM and $9.3 million in total inflows as of May 6.

Zimbabwe Injects $50 Million to Bolster Devalued Currency

Liquid Staking Platforms See 60,000 ETH Outflow in 2 Weeks; Lido Dominates Reductions

April 28, 2024 Bitcoin.com

bitcoin.com

In the last two weeks, liquid staking derivative (LSD) protocols have experienced a decline of 60,000 ether valued at over $198 million, with Lido accounting for 40,000 of the ETH withdrawn. LSD Sector Snapshot: $198 Million Ether Withdrawn in 2 Weeks Liquid staking has been witnessing a decrease; on April 15, 2024, the 27 distinct […]

Zimbabwe Injects $50 Million to Bolster Devalued Currency

Brazilian Neobank Nubank Introduces New Crypto Wallet Features for Bitcoin, Ether and Solana

April 26, 2024 Bitcoin.com

Bitcoin

Nubank, a Brazilian neobank, has introduced new features for its cryptocurrency customers. The Sao Paolo-based organization recently enabled deposits and withdrawals of bitcoin, ether, and solana in its cryptocurrency service, broadening the use cases of its platform. Before, the company only allowed users to purchase, hold, and sell cryptocurrency assets. Nubank Enhances Cryptocurrency Features: Opens […]

Zimbabwe Injects $50 Million to Bolster Devalued Currency

Standard Chartered Updates Prediction: Doubts SEC Will Approve Spot Ether ETFs in May

April 25, 2024 Bitcoin.com

bitcoin.com

Standard Chartered, which was previously optimistic about the U.S. Securities and Exchange Commission (SEC) approving spot ether exchange-traded fund (ETF) applications in May, has now revised its prediction. The bank still sees a positive long-term future for spot ethereum ETFs. Standard Chartered on Spot Ether ETFs Standard Chartered, previously optimistic about a May approval for […]

Zimbabwe Injects $50 Million to Bolster Devalued Currency

‘ETH Should Not Be Treated as a Security’ — Consensys Sues SEC Over Ethereum Regulations

April 25, 2024 Bitcoin.com

bitcoin.com

In a significant legal move, Consensys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC) to protect the Ethereum blockchain from what it deems overreaching regulations. A report further alleges that the SEC issued a Wells Notice to Consensys, asserting that Metamask functions as an “unlicensed broker-dealer.” Consensys Confronts SEC Following Receipt […]

Zimbabwe Injects $50 Million to Bolster Devalued Currency

Ethereum on track for $1B annual profit as DeFi drives Q1 revenue

April 19, 2024 Coin Telegraph

Ethereum on track for B annual profit as DeFi drives Q1 revenue

Coin Telegraph

Ethereum saw first-time profits only last year and if it can keep pace with its 2024 first-quarter results, it could see $1 billion in yearly income by the end of the year.

Blockchain network Ethereum is on the path to $1 billion in annualized profits after it netted income of $365 million in Q1, coming alongside a year-on-year quarterly revenue growth of 155%.

The network’s 2024 first-quarter income is a nearly 200% bump from the $123 million profit in Q4 2023, according to an April 17 report from The DeFi Report analyst Michael Nadeau.

Ethereum’s fee revenue — earned through users paying for transactions — hit $1.17 billion, up 155% from Q1 2023 and an 80% increase from the prior quarter.

Zimbabwe Injects $50 Million to Bolster Devalued Currency

27% of Ethereum Now Staked: $98 Billion Committed as Interest Peaks

April 17, 2024 Bitcoin.com

27% of Ethereum Now Staked: Billion Committed as Interest Peaks

bitcoin.com

Recent data reveals that over 27% of all ether, amounting to 32,472,720 ethereum, is currently staked, as interest in this activity has heightened significantly within the past year. Liquid staking derivative (LSD) protocols have locked in more than $40 billion, with Lido Finance holding $28.77 billion of that sum. Staking Captures 27% of Ethereum Supply; […]

ether

Share this video