Author: CryptoHoppers

Key Takeaways Monochrome partners with Vasco Trustees to launch an Ethereum ETF. The ETF is set for Cboe Australia listing by September 2024. Share this article Monochrome Asset Management, in partnership with Vasco Trustees Limited, has officially applied to list the Monochrome Ethereum exchange-traded fund (ETF) on Cboe Australia, the company shared in a Thursday press release. Monochrome expects a decision before the end of this month.Designed to passively hold Ethereum (ETH), Monochrome’s proposed product aims to provide retail investors with a regulated method to invest in the world’s second-largest crypto asset by market capitalization. If approved, the ETF will be…

In a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The institution faced criticism from some lawmakers who are concerned that this gold located abroad might be subject to confiscation due to an embargo order benefiting […] Source link

In an interview, Paul Grewal, Coinbase’s Chief Legal Officer, said that a shift is coming in the U.S. crypto legislative landscape. He forecasted the emergence of a “pro-crypto” Congress following the 2024 elections.  Grewal discussed in a Bloomberg Crypto interview how bipartisan support for crypto and evolving political dynamics will soon lead to more favorable crypto policies. Grewal mentioned how there is a growing interest of both Democrats and Republicans toward crypto and digital assets.  “There’s no question about it; we are going to see a pro-crypto Congress emerge, regardless of the particular outcome in individual races, and of course,…

Key Takeaways Fidelity’s FBTC faced a significant withdrawal, marking its second-largest since inception. Grayscale’s GBTC approaches $20 billion in cumulative outflows amid market challenges. Share this article US spot Bitcoin exchange-traded funds (ETFs) experienced a major downturn at the start of September, with $287 million in net outflows recorded on the first trading day following the Labor Day weekend, data from Farside Investors shows. These funds have seen their fifth consecutive day of net outflows, collectively shedding over $750 million since last Tuesday. Source: Farside InvestorsThe post-Labor Day ETF market saw a wave of selling pressure, with 8 out of…

Charles Hoskinson, founder of the Cardano cryptocurrency and CEO of IOHK, has shared his perspective on on the state of the Cardano ecosystem following its recent Chang update, which enhanced the blockchain to include onchain governance. Hoskinson praised Cardano, stating that it dwarfed Bitcoin, and reached “one of the greatest technical achievements in human history.” […] Source link

Qatar has unveiled a new digital assets regulatory framework, with its launch set to bring key areas such as tokenization, custody and exchange under regulation. The Qatar Financial Center Authority and the Qatar Financial Center Regulatory Authority, key players in the drafting of the framework, announced the new framework in a joint press release. Qatar’s QFC Digital Assets Framework 2024 According to details in a press release, the QFC Digital Assets Framework 2024 is an effort of various stakeholders, including 37 domestic and international organizations across legal, financial and technology sectors. The QFCA and QFCRA said in their announcement that…

Leading crypto exchange, Binance has announced that it would suspend deposits and withdrawals on the Horizen (ZEN) network around 15:00 (Beijing time) on September 12, 2024, to support its network upgrade. The move comes to ensure a good user experience. The network upgrade will be carried out at block height 1,627,572, and is expected to be around 16:00 (Beijing time) on September 12, 2024. According to the announcement, “Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted”. Horizen’s team informed, “Zend 5.0.4…

Key Takeaways TON recorded over 1 billion transactions, half of which occurred in the last three months. The DOGS memecoin airdrop significantly increased TON’s daily transactions and user activity. Share this article The Open Network (TON), the blockchain associated with Telegram, has surpassed 1 billion total transactions according to data from TON Scan. This milestone comes less than a week after the network experienced two major outages related to a memecoin airdrop.TON’s transaction volume has now exceeded 1.02 billion, with half of those transactions occurring in just the last three months. This rapid growth shows the rapid increase in user…

Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated that the country needed to retake the crypto path but gave no indications regarding the revival of the national cryptocurrency […] Source link

South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted in individual losses ranging from 1.2 million […] Source link