Author: Raghav Sawhney
In this significantly growing era of cryptocurrency, a significant development has emerged, capturing the attention of investors, market analysts, and enthusiasts alike. BlackRock, the world’s largest asset manager, known for its influential role in global finance, has taken a bold step into the realm of digital currencies. This strategic move, centered around Ethereum (ETH), marks a pivotal moment in the intersection of traditional finance and the burgeoning world of cryptocurrencies. With the registration of the iShares Ethereum Trust and the filing for a spot Ether ETF, BlackRock is not just dipping its toes but diving headfirst into the crypto pool.…
In the ever-evolving landscape of cryptocurrency, Tether, a leading stablecoin issuer, has recently made headlines with its significant issuance of USDT tokens, stirring the crypto market and drawing attention from investors and regulators alike. Over the past month, Tether has issued a staggering 4 billion USDT, contributing to a total of 22.75 billion USDT minted in 2023 alone. This move not only highlights the increasing demand for stablecoins amidst the volatile nature of digital currencies but also raises questions about the implications of such large-scale token issuance on the crypto market dynamics. As Tether continues to expand its footprint, balancing…
In this significantly growing era of cryptocurrency, a significant development has emerged, capturing the attention of investors, market analysts, and enthusiasts alike. BlackRock, the world’s largest asset manager, known for its influential role in global finance, has taken a bold step into the realm of digital currencies. This strategic move, centered around Ethereum (ETH), marks a pivotal moment in the intersection of traditional finance and the burgeoning world of cryptocurrencies. With the registration of the iShares Ethereum Trust and the filing for a spot Ether ETF, BlackRock is not just dipping its toes but diving headfirst into the crypto pool.…
The cryptocurrency landscape is undergoing a transformation, with Wall Street’s increasing involvement and the anticipated Bitcoin halving event signaling a potential end to the prolonged “crypto winter.” Morgan Stanley’s recent analysis, titled “Will Crypto Spring Ever Come?“, offers a comprehensive look into the cyclical behavior of the cryptocurrency market. Authored by analyst Denny Galindo, the report draws parallels between the four-year cryptocurrency cycle and the four seasons. Historically, the summer phase of this cycle begins with the Bitcoin halving event, where the rate of new Bitcoin creation is halved. This event has consistently led to substantial price increases in Bitcoin.…
Oct 26, 2023 11:07 UTC | Updated: Oct 26, 2023 at 11:11 UTC By Raghav Sawhney Bitcoin, the digital currency that has sparked countless debates, discussions, and headlines over the past decade, recently witnessed another significant price surge, pushing its value past the $35,000 mark. This recent uptrend wasnât just another inexplicable rise; it was notably linked to the anticipation and subsequent developments surrounding a specific Bitcoin ETF. Hereâs an in-depth analysis, pulling insights from various sources, that elucidates this surge: BlackRockâs Involvement and the NASDAQ Listing shown on DTCC Financial giant BlackRock announced its spot Bitcoin ETF, which was subsequently listed on…
In a series of unexpected events, renowned crypto influencer Ben Armstrong, popularly known as “BitBoy,” was arrested on Monday night, leading to significant ripples in the crypto world. The arrest has been linked to a confrontation with Carlos Diaz, a former business associate, outside Diaz’s residence. This incident was broadcasted live, capturing the attention of thousands. Armstrong, who had previously hinted at going live from a “special location” on X (formerly known as Twitter), found himself in a heated face-off with Diaz. During the live stream, Armstrong made allegations against Diaz, claiming he had connections with the Houston mafia and…
In a week marked by heightened volatility and a flurry of rumors, the cryptocurrency market experienced significant price fluctuations, primarily driven by speculations surrounding the approval of a Bitcoin ETF. The Rumor Mill Begins On Monday, Bitcoin’s price surged, hitting highs of $30,000 on some exchanges. This sudden spike was attributed to reports suggesting that the U.S. Securities and Exchange Commission (SEC) had approved BlackRock’s iShares Bitcoin ETF. However, these reports were quickly debunked. BlackRock clarified that their iShares Bitcoin ETP application was still under review by the SEC. The origin of the false report remains unclear, but crypto outlet…
Oct 17, 2023 17:06 UTC | Updated: Oct 17, 2023 at 17:09 UTC By Raghav Sawhney Uniswap Labs, the entity behind one of the most popular decentralized exchanges, has recently announced the introduction of a 0.15% interface fee on certain token swaps. This decision, effective from October 17, 2023, has garnered significant attention from the crypto community and media outlets. 1. The Details of the Fee The new interface fee will impact trades that involve at least two of the following tokens: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. Notably, stablecoin swaps and trades between ether and wrapped…
India is actively developing a regulatory framework for cryptocurrencies based on the combined recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB). This framework could potentially lead to legal legislation within the next five to six months. Here’s a brief overview of the article: Background:Â India recently participated in the G20 summit, where the most significant decision for the crypto community was the acceptance of the IMF-FSB joint recommendations for crypto regulations. These recommendations advocate for regulating the crypto market instead of imposing a complete ban. India’s Approach:Â Crebaco, a blockchain analytic firm that has consulted for several…
In the rapidly evolving world of cryptocurrencies and blockchain technology, user experience often takes a backseat. Complex interfaces, technical jargon, and convoluted processes can deter even the most tech-savvy individuals. Enter Porfo, a game-changing platform set to redefine the crypto wallet experience. Key Features of Porfo Simplified Onboarding: Remember the days when setting up a crypto wallet felt like rocket science? Porfo has turned the tables with its intuitive onboarding process. New users are guided step-by-step, making the setup process a breeze. Whether you’re a crypto novice or a seasoned trader, Porfo ensures that your journey begins on the right…
