Ether ETF weekly flow hits positive for the first time since launch
The newly launched nine spot Ether ETFs had a positive overall net inflow of $105 million for the week beginning Aug. 5. Go to Source
Month: August 2024
Ethereum median gas price hits 5-year low
The median price to send an Ethereum transaction hit 1.9 gwei on the weekend, with low-priority transactions priced even lower. Go to Source
Tether Slams Celsius Network’s ‘Baseless’ $2 Billion Lawsuit
Stablecoin issuer Tether has slammed the”baseless” claims that it illegally liquidated Celsius Network’s bitcoin collateral. Tether accused the crypto lender of trying to “improperly impose the costs of Celsius’ mismanagement and failure on Tether.” Shameless Litigation Stablecoin issuer Tether Holdings Ltd. has rejected the “baseless” claims by the bankrupt crypto lender Celsius Network that the … Read more
47 Companies Apply to Operate in Turkey Under New Crypto Regulations
Turkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include 47 operational companies and three that are planning to liquidate. Current crypto service roviders are required to apply for permits or proceed with liquidation by specified deadlines, with legal repercussions for noncompliance. Turkey’s Capital Markets … Read more
Zcash founder joins Shielded Labs, pushes for hybrid PoS upgrade
Zooko Wilcox is now the new head of product at Shielded Labs and wants to speed up the protocol’s upgrade to a hybrid PoS consensus mechanism. Go to Source
BitGo CEO argues WBTC security is unchanged amid concerns
BitGo recently announced a new venture to diversify its Wrapped Bitcoin custodial locations, and Justin Sun’s involvement has caused concern for some. Go to Source
Crypto user fat fingers $90K fee for a $2K ETH transfer
An anonymous user appears to have accidentally spent 34 ETH to transfer a little more than $2,200 in ETH. Go to Source
Venezuela blocks Binance, X amid presidential election dispute
Binance has assured its users that their funds are safe after Venezuela cut off access to the exchange and social media platform X. Go to Source
Ripple Legal Chief Discusses Potential SEC Appeal After Final Ruling in XRP Case
Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto, the securities regulator should not seek to appeal. He noted that … Read more
BOJ ex-board member says another rate hike unlikely this year
The Bank of Japan is unlikely to raise interest rates again for the rest of the year, but it’ll be a “toss up” whether there will be another before March. Go to Source