SEC approves Valkyrie’s Bitcoin futures ETF, the second this year
    09 May 2022
    306 Views

    The US Securities and Exchange Commission (SEC) has approved Valkyrie’s futures exchange-traded fund (ETF) application. This is the second futures ETF approved by the SEC this year after Teucrium. However, spot ETFs seem unlikely to happen soon without more regulation, recent developments suggest. According to the SEC document published on May 5, the application was…

    Crypto as a luxury good
    08 May 2022
    494 Views

    Unwrapping Sam Bankman-Fried’s analogy about money-printing boxes, Daniel Kuhn of CoinDesk describes why he sees crypto as a luxury good. About 20 minutes into his latest interview with Bloomberg, crypto’s favorite entrepreneur Sam Bankman-Fried said something revealing about the industry: Crypto is mostly a shell game. “You know, where do you start? You start with…

    Bitcoin falls to 10-week lows amid global geopolitical uncertainty

    BTC crashed below $35.500, leaving over $400 million worth of liquidated positions in the process and taking the entire crypto market with it. Last week, Bitcoin had also witnessed the major outflows from the market, totaling $120 million, as the uncertainty of institutional investors continued to grow. However, MicroStrategy promised to support Bitcoin in the…

    Tron launches new algorithmic stablecoin USDD
    08 May 2022
    425 Views

    Tron, an Ethereum competitor blockchain, announced the launch of USDD, an algorithmic stablecoin inspired by the success of Terra’s UST, which has topped $18 billion in total issuance. USDD has launched on TRON, BNB Chain, and Ethereum blockchains. The team behind the stablecoin has promised “zero-risk” returns of about 30% APY, and users currently need…

    Ethereum vs Solana: Who Will End Up on Top in 2022?
    08 May 2022
    478 Views

    The two largest blockchain platforms – Ethereum and Solana – are now in a fierce confrontation. Will the technological reform and transition to Ethereum 2.0 help Ether? Or has the originally more advanced Solana network escalated its growth momentum enough to overtake ETH? What blockchain platform will become the new leader in the DeFi segment?…

    Argentina’s central bank blocks banks from offering crypto amid IMF pressure
    07 May 2022
    448 Views

    Argentina’s central bank (BCRA) has banned financial institutions from offering unregulated digital assets services. The move comes roughly a month after the International Monetary Fund (IMF) approved a $45 billion loan facility that required the country to discourage the use of cryptocurrencies. On May 5, BCRA announced that financial institutions cannot enable their clients to…