Ethereum posts $1.2 billion in transaction fee earnings during Q1 2024, a 155% increase compared to the same quarter last year. Ethereum (ETH), the largest blockchain network by transaction volume showed significant growth during Q1 2024, showing positive signs in most of its income statement metrics. According to information from Coin98 Analytics, Ethereum tripled its […]

In the dynamic world of cryptocurrencies, Tether has taken an important step to consolidate its position in the market, increasing its holdings of Bitcoin (BTC) to more than $5 billion. This key move, the result of acquisitions and mergers, highlights Tether’s growing influence in the digital asset sector. With a market capitalization of over $70 billion, Tether […]

The Securities and Exchange Commission (SEC) is not resting in its fight against cryptocurrency company Ripple Labs. The SEC is going to ask a judge to fine the said company nearly USD 2 billion, according to information provided by the company’s executives. Through X, the legal director of Ripple Labs, Stuart Alderoty, reported that this […]

The London Stock Exchange (LSE) officially announced on Monday that cryptocurrency exchange-traded notes (ETNs) tracking the price of both Bitcoin (BTC) and Ethereum (ETH) will be launched on May 28. ( Applications can be submitted starting April 8, with listing expected in May, subject to approval by the Financial Conduct Authority (FCA). Investors will need to […]

The cryptocurrency market continues to suffer losses after a strong performance last month and the first few weeks of this month. Bitcoin (BTC), the cryptocurrency with the largest market capitalization, recorded losses of nearly 7% in the middle of the trading day on Tuesday, and its price is hovering around $62,000 per unit. The fall […]

The UK’s Financial Conduct Authority said it will not oppose applications to create a market segment for ETNs backed by cryptocurrencies. The London Stock Exchange (LSE) reported that it is going to start allowing and accepting applications for Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETNs) by the second quarter of 2024. On Monday, March 11, […]

The market capitalization of Bitcoin surpassed $1.013 trillion, reaching a 25-month high, primarily driven by the approval of Bitcoin (BTC) ETFs in the U.S. market. The total value invested in Bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021, supported by inflows from exchange-traded funds (ETFs) trading the spot cryptocurrency in […]

Bitcoin (BTC) hit its highest price since December 2021, boosted by a record debut by U.S. exchange-traded funds. The cryptocurrency rose more than 2.1% to US$49,130, surpassing last year’s highs. This occurred a few weeks after ETFs were approved in January. Likewise, Bitcoin is poised for a seventh consecutive gain, which would become the longest […]

The Hong Kong General Chamber of Commerce (HKGCC) has applied to create a stablecoin pegged to the yuan (CNY). The application, which has provoked great interest in the financial sector, is part of a set of strategies to promote the yuan’s intentions of securitization. Similarly, the application also aims to encourage the adoption of the […]

According to an analysis conducted by the U.S. Energy Information Administration (EIA), Bitcoin miners in the country consume the same amount of energy as the entire population of the state of Utah. And that’s referring to the lowest usage. Electricity use in mining operations equates to between 0.6% to 2.3% of demand across the entire […]