The Rise and Fall of NFTZ: What Happened to the World’s First NFT ETF?

First Exchange-Traded NFT Fund Shuts Down

The world’s first exchange-traded fund (ETF) for NFTs, NFTZ, is shutting down. Defiance ETFs, the company behind NFTZ, recently announced its decision to “close and liquidate” the fund by February 28th. This news has come as a surprise to many, especially since NFTZ had a highly anticipated launch back in December 2021. NFTZ was a … Read more

Coinbase announces significant workforce reduction in response to market downturn

Coinbase to close San Francisco offices for good

It has been reported that Coinbase, a major cryptocurrency exchange, will be cutting a significant portion of its workforce in an effort to preserve cash during the current market downturn. In a blog post published on Tuesday, the company announced plans to reduce its workforce by 950 individuals, representing approximately 20% of its total employee … Read more

Crypto peaked a year ago — investors have lost more than $2 trillion since

Crypto peaked a year ago — investors have lost more than $2 trillion since

A year ago this week, investors were describing bitcoin as the future of money and ethereum as the world’s most important developer tool. Non-fungible tokens were exploding, Coinbase was trading at a record and the NBA’s Miami Heat was just into its first full season in the newly renamed FTX Arena. As it turns out, that was peak crypto. In the … Read more

Ethereum’s ‘Merge’ Is Disrupting Crypto Trading and Lending

Ethereum’s ‘Merge’ Is Disrupting Crypto Trading and Lending

Crypto markets linked to EtherETHUSD +4.51%  are facing disruption as the blockchain network behind the world’s second-largest cryptocurrency nears the end of a critical upgrade. The final stage of Ethereum’s “Merge” is now about a week away. Expected to finish around Sept. 15, it will change the mechanics of processing transactions from the current “proof of work” system … Read more

Crypto Exchange Coinbase to Benefit Near-Term from Staking Revenues After Ethereum Merger, Goldman Says

Crypto Exchange Coinbase to Benefit Near-Term from Staking Revenues After Ethereum Merger, Goldman Says

The Merge will likely be a near-term catalyst for greater adoption of staking on Coinbase’s (COIN) platform, Goldman Sachs (GS) said in a research report Wednesday. Coinbase has continued to grow its staking offering and recently announced support for institutional clients, adding staking for Cardano (ADA) and Solana (SOL), and will eventually support ether (ETH) … Read more

Cryptocurrency Prices And News: Arrest Made In $7B Tornado Cash Laundering Case

Crypto prices and news: Arrest made in $7B Tornado cash laundering case

Cryptocurrency news: Ethereum soars on final test merge amid a general rebound. Meanwhile, Coinbase is under investigation by the SEC. Cryptocurrency News: On Friday, Dutch authorities arrested a 29-year-old developer allegedly involved in Tornado Cash, the Ethereum mixing service sanctioned by the U.S. government earlier this week for helping launder $7 billion in stolen funds. Elsewhere, BlackRock (BLK) … Read more

Bitcoin Extends Rally, Pushes Above $24,000. CoinBase Surges.

Bitcoin extends rally

BitcoinBTCUSD +3.39%  climbed above $24,000 on Monday, rising in tandem with the stock market and elevating stocks with high exposure to cryptocurrency. The price of Bitcoin has jumped nearly 5% over the past 24 hours to $24,220.36, climbing to its recent high of $24,504 toward the end of July. The world’s largest cryptocurrency has regained 12.3% over the course … Read more

Coinbase shares soar more than 20% in boost from meme traders, BlackRock crypto deal

The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron

Shares of Coinbase soared on Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin. Coinbase shares were last up by 25.2%. Earlier in the day, they jumped as much as about 40%. Services in the company’s Prime offering will be available to clients of BlackRock’s portfolio management … Read more

Coinbase Faces Huge Challenge — Which May Affect All of Crypto

Coinbase to close San Francisco offices for good

The Coinbase platform faces a big problem, which has implications for the entire crypto industry. In the middle of a crypto industry trying to take a breather after months of falling digital-currency prices, a bomb may be primed to explode.  The market has lost more than $2 trillion due to a market-shaking combination of recession … Read more

Uniswap leads way as the largest cryptocurrencies slump

Crypto Update

All of the largest cryptocurrencies were down during morning trading on Wednesday, with Uniswap UNIUSD, -4.12% seeing the biggest change, declining 4.18% to $5.42. Cardano ADAUSD, -3.42% shed 3.58% to 41 cents, and Polkadot DOTUSD, -3.02% fell 3.29% to $6.19. Dogecoin DOGEUSD, -2.63% fell 3.29% to 6 cents on Wednesday, while Bitcoin Cash BCHUSD, -1.07% fell 1.09% to $97.35 and Ripple XRPUSD, -1.08% dropped 1.16% to 31 cents. Litecoin LTCUSD, -0.88% and Bitcoin BTCUSD, -0.78% fell 0.94% to $47.26 … Read more