Ether futures volumes on CME slipped in August as bitcoin volumes rose. Globally, there has been a shift from alternative cryptocurrencies and into bitcoin. Exchange-traded funds (ETFs) tied to the ether (ETH) price debuted in the U.S. late July, opening doors for investors seeking exposure to the cryptocurrency while bypassing the hassle of storing it.
Robinhood’s crypto-trading subsidiary used to prevent customers from withdrawing the tokens they bought. Though Robinhood Crypto LLC abandoned that policy in 2022, on Wednesday its past practices earned a $3.9 million slap on the wrist from the state of California. The California Department of Justice settled its investigation into what Robinhood’s chief lawyer called “historical
A Coinbase (COIN) executive appears to have misspoken – or been imprecise – when she said Vice President Kamala Harris is accepting crypto donations. Harris “is accepting donations,” Coinbase Chief Financial Officer Alesia Haas said at a Citigroup event Wednesday. Fortune first reported that news. “She’s using Coinbase Commerce now to accept crypto for her
The company used the permissioned, private blockchain of fintech firm SWIAT and the Bundesbank’s trigger solution for settlement. The issuance was part of a European Central Bank’s trial to settle central bank money on blockchains. 02:15 Inside Trump’s Crypto Project; Ripple’s Upcoming Stablecoin To Launch in ‘Weeks’: Garlinghouse 01:03 Crypto Saw Lowest Monthly Losses to
Bitcoin, ETH, SOL and other cryptocurrencies modestly reversed their losses from earlier in the day. The Crypto Fear & Greed Index sentiment indicator sank to deep fear levels similar to the lows in early July and August. Investor sentiment is so negative that a “tradable local bottom” could be close, Lekker Capital’s Thompson said. Continuing
Ethereum derivatives volumes on the CME have plunged sharply following the launch of spot Ethereum ETFs, reflecting reduced institutional interest. Trading volumes for Ethereum derivatives on the CME exchange experienced a significant decline in August as Ethereum futures volume plummeted 28.7% to $14.8 billion, while options volume dropped 37.0% to $567 million, marking the lowest
AAVE, the native token of the decentralized lending platform Aave, has recently attracted attention from whales as its price surged by over 11% on Sep. 5. At the time of writing, Aave (AAVE) had climbed to become the 42nd largest cryptocurrency, up from its 47th position on August 20. The token’s market capitalization exceeded $1.98
Lobbying efforts by crypto companies have skyrocketed by 1,386% since 2017, reflecting the industry’s aggressive push to shape favorable regulations. As crypto becomes more integrated into the financial system, the stakes are higher than ever, driving companies to invest millions to ensure that the regulatory landscape aligns with their goals. Lobbying in the crypto industry
Following Binance and KuCoin, two more offshore cryptocurrency exchanges could receive the green light from India’s financial watchdog by March 2025. Sources familiar with the matter told a local media outlet that India’s Financial Intelligence Unit is reviewing registration requests from four off-shore exchanges. While the names of the platforms were not disclosed, the source
A newly evolved wallet drainer has unleashed a wave of scams targeting emerging blockchain ecosystems like TON and TRON, analysts say. Blockchain ecosystems like The Open Network and TRON seem to be under siege as the newly evolved AngelX wallet drainer unleashes a surge of scams, marking a significant escalation in cyber threats within the