Trade News

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  Estonian government approves HashFlare boss’s extradition request

  2024-01-29 Trade News

  The Estonian government has approved the extradition of Ivan Turogin and Sergei Potapenko, co-founders of defunct Bitcoin mining company HashFlare, to the United States to face charges of criminal activity such as cryptocurrency fraud. This is the second time the government of the north-eastern European country has agreed to hand…

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  CFTC Warns of Artificial Intelligence-Driven Cryptocurrency Scams Utilizing Arbitrage Trading Strategies

  2024-01-27 Trade News

  In a new consumer alert, the U.S. Commodity Futures Trading Commission (CFTC) warns about the misuse of artificial intelligence (AI) to lure unsuspecting individuals into fraudulent cryptocurrency investment schemes. Specifically, these scams capitalize on the growing interest in cryptocurrency arbitrage trading by making "bold claims" of huge profits through AI…

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  Ether Pledge Providers Ditch Geth for Besu as Customer Decentralization Race Heats Up

  2024-01-27 Trade News

  In an effort to move towards a more diverse ecosystem of Ethernet execution clients, pledge provider AllNodes has announced a complete transition from Geth to Besu.With this shift, AllNodes has moved away from the use of Geth across its entire network of 23,895 nodes, marking a milestone in the ongoing…

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  Long-Awaited Ethernet Upgrade Gets Closer as Developers Finalize Timeline

  2024-01-27 Trade News

  Image credit: Shutterstock Dencun is coming according to its developers, and Ether will be a lot cheaper as a result. A blog post published yesterday by the Ether Foundation confirms that the next two steps of the long-awaited upgrade (i.e. Sepolia and Holesky testnet) will be completed early next month.Litecoin…

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  HTX Closes Reserve Proof due to TUSD’s Difficulty in Maintaining Anchor Status

  2024-01-27 Trade News

  TUSD has been trading below $1 for two weeks in a row. The worrying development comes as cryptocurrency exchange HTX, previously known as Huobi, abruptly shut down its proof-of-reserve system today, according to Adam Cochran, managing partner at Cinneamhain Ventures. TrueUSD (TUSD), which is owned by HTX shareholder Sun Yuchen,…

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  OKX stops mining pool operations due to declining user and arithmetic numbers

  2024-01-27 Trade News

  OKX's decision comes as bitcoin miners prepare for the halving event. According to a Jan. 26 statement, cryptocurrency exchange OKX is discontinuing its mining pool services due to "business adjustments. The platform said it has stopped new customer registrations, effective immediately. Existing users will retain access to the platform until…

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  U.S. SEC Initiates Gray Spot Ether ETF Review Process, Decision Extends Deadline

  2024-01-27 Trade News

  In a major development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has initiated a review process for Grayscale Investments' application for an Ether ETF spot and extended the decision period. Grayscale Ether ETF Review Period Grayscale filed a petition with the SEC on October 10, 2023…

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  BlackRock, Fidelity Lead Billions in Spot Bitcoin ETF Race

  2024-01-26 Trade News

  The U.S. Securities and Exchange Commission (SEC) approved a number of spot Bitcoin ETFs, but funds from two specific issuers far outnumbered the others, while Grayscale's GBTC lost money after it saw large redemptions. BlackRock's and Fidelity's spot Bitcoin (BTC) ETFs received $1.9 billion and $1.6 billion in inflows, respectively.…

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  UK Government Cautious of Digital Pound, Prioritizes Privacy and Cash Access

  2024-01-26 Trade News

  The U.K. Treasury and the Bank of England have highlighted certain criteria for the potential launch of a digital currency. According to a response issued to the Treasury Committee on January 25, the U.K. government said it is cautiously moving forward with the design phase of a central bank digital…

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  Court Denies Coins Founder CZ’s Travel Request Despite Pledging $4.5 Billion Worth of Equity as Security

  2024-01-26 Trade News

  A judge denied Zhao Changpeng's (CZ) request to travel to the United Arab Emirates despite offering billions of dollars in shares as security, court documents show. Zhao Changpeng, the founder of cryptocurrency exchange Coin On, suffered a setback last month when a federal judge denied his request to travel to…

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