Binance halts trading of a small Euro-pegged stablecoin due to “abnormal volatility

Cryptocurrency exchange Binance has suspended trading of a small Euro-pegged stablecoin known as AEUR due to “abnormal volatility.” The stablecoin, issued by Switzerland-based Anchored Coins, experienced a sudden surge of nearly 200% on December 5th, 2023, before plummeting back down. The volatile trading activity prompted Binance to halt trading of the AEUR/USDT pair, citing concerns […]

BlackRock Files for Ethereum-Based ETF in Major Boost for Crypto Market

In a groundbreaking move that could signal a turning point for the cryptocurrency industry, BlackRock, the world’s largest asset manager, has filed an application with the U.S. Securities and Exchange Commission (SEC) for an Ethereum-based exchange-traded fund (ETF). This development represents a significant step forward in the legitimization of cryptocurrencies and could open the floodgates […]

First spot bitcoin ETF application filed under new Australian regulations

The Australian Securities Exchange (ASX) has received a request for Australia’s First Fully-Licensed Spot Bitcoin ETF, under the new regulatory guidelines. Monochrome Asset Management, a Bitcoin-focused asset manager, and Vasco Trustees announced on Friday that they had filed an updated application for Monochrome’s Bitcoin ETF, or IBTC, which is intended to give retail investors regulated […]

Will Fees Alone Keep the Bitcoin Network Secure in the Long Term?

The Bitcoin is a secure network. Really secure. Now, at least. It is nearly impossible to take over the network with the amount of computing power that keeps it running. This is achieved by the most popular of all decentralized network’s reward miners with bitcoin block rewards when they protect it from attack. The ‘block subsidy,’ which is halved every 210,000 […]