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
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
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
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
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 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
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
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
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
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
