BlackRock has previously also filed for a Bitcoin ETF, for which the SEC approval window is currently open until Nov. 17.
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Access real-time blockchain and cryptocurrency news updates from around the globe.
Binance to terminate Russian ruble deposits next week
Binance Russia users will have slightly more than two months to withdraw their rubles from the exchange or until Jan. 31, 2024.
Binance to terminate Russian ruble deposits next week
Binance Russia users will have slightly more than two months to withdraw their rubles from the exchange or until Jan. 31, 2024.
Bitwise insists 'no affiliation' with startup facing SEC charges
Bitwise Asset Management stresses it has no relationship with the startup Bitwise Industries whose founders have been charged with conspiring to commit wire fraud.
Bitwise insists 'no affiliation' with startup facing SEC charges
Bitwise Asset Management stresses it has no relationship with the startup Bitwise Industries whose founders have been charged with conspiring to commit wire fraud.
CME tops Bitcoin futures OI as 'real facts' drive institutional uptake
Bitcoin is in line to benefit from a tsunami of institutional capital, says Dan Tapiero, while Ethereum is also due an ETF boost.
CME tops Bitcoin futures OI as 'real facts' drive institutional uptake
Bitcoin is in line to benefit from a tsunami of institutional capital, says Dan Tapiero, while Ethereum is also due an ETF boost.
47 countries pledge to authorize the crypto-asset reporting framework by 2027
The Crypto-Asset Reporting Framework is the new international standard for the automatic exchange of information between tax authorities.
Turkish Lira becomes top crypto trading pair on Binance in Sept 2023
Turkish Lira accounted for 75% of all fiat volume in early September, which can be tied to the recent influx of crypto investors in the Turkish market.
CME overtakes Binance to grab largest share of Bitcoin futures open interest
Market analysts weigh in on an intriguing ‘flippening’, as Bitcoin futures open interest on global derivatives marketplace CME overtakes Binance.
Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital
Hashkey Capital partner of liquids funds and research, Jupiter Zheng, says the crypto sector in Hong Kong is now primed for significant growth over the next four to five years.
Ethereum, Bitcoin users reignite scalability debate as gas fees surge
Ethereum gas fees reportedly breached the $200-mark for certain high-priority transactions in the last 24 hours.
Ethereum, Bitcoin users reignite scalability debate as gas fees surge
Ethereum gas fees reportedly breached the $200-mark for certain high-priority transactions in the last 24 hours.
EU backs Data Act with clause to shut off smart contracts
The Act, inclusive of a clause necessitating “kill switches” on smart contracts, only now needs approval from the European Council to pass into law.
Cryptoqueen’s OneCoin legal chief pleads guilty to fraud
The former head of legal and compliance at OneCoin faces up to 10 years in prison for her role in the $4 billion crypto trading scheme.
Ethereum price hits 6-month high amid BlackRock spot ETF buzz, but where’s the retail demand?
Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futures. The initial announcement was made by @SummersThings on a social network, later confirmed by Bloomberg ETF analysts.
The news fueled optimistic expectations regarding a potential Ether spot ETF filing by BlackRock, a $9 trillion asset manager. This speculation follows BlackRock's iShares Bitcoin Trust registry in Delaware in June 2023, a week prior to their initial spot Bitcoin ETF application. However, with no official statement from BlackRock, investors may have jumped the gun, though the sheer influence of the asset manager in traditional finance leaves those betting against Ether's success in a precarious position.
Professional traders placed bullish ETH bets using derivatives
To understand how professional traders are positioned after the surprise rally, one should analyze the ETH derivatives metrics. Normally, Ether monthly futures trade at a 5%–10% annualized premium compared to spot markets, indicating that sellers demand additional money to postpone settlement.
Ether 2-month futures premium. Source: LaevitasThe Ether futures premium, jumping to 9.5% on Nov. 9, marked the highest level in over a year and broke above the 5% neutral threshold on Oct. 31. This shift ended a two-month bearish period and low demand for leveraged long positions.
To assess whether the break above $2,000 has led to excessive optimism, traders should examine the Ether options markets. When traders anticipate a drop in Bitcoin’s price, the delta 25% skew tends to rise above 7%, while periods of excitement typically see it dip below negative 7%.
Ethereum price hits 6-month high amid BlackRock spot ETF buzz, but where’s the retail demand?
ETH price finally polevaulted the $2,000 resistance, but will retail demand and network use support the current bullish momentum?
China’s surprise NFT move, Hong Kong’s $15M Bitcoin fund: Asia Express
China issues legal guidance that gives NFT markets hope, Bitget invests $10M in Indian startups, SEBA Bank’s Hong Kong license: Asia Express.
China’s surprise NFT move, Hong Kong’s $15M Bitcoin fund: Asia Express
China issues legal guidance that gives NFT markets hope, Bitget invests $10M in Indian startups, SEBA Bank’s Hong Kong license: Asia Express.
China’s surprise NFT move, Hong Kong’s $15M Bitcoin fund: Asia Express
In a surprise move, the Chinese government has guaranteed legal protection for NFTs.
In response to a series of often conflicting judicial opinions on the state of cryptocurrency in the country, the Chinese government has officially issued a legal commentary on dealing with cases of nonfungible tokens (NFTs) theft and their status as virtual property protected by law.
According to a November 9 publication by China’s state-controlled Southwest University of Political Science & Law (SUPL), digital collectibles such as NFTs — unlike ordinary online images — conform to the characteristics of online virtual property due to their non-tamperable features, unique codes, and detailed transaction information.
“This highlights the scarcity of digital collections, which have both use value and exchange value,” jurists write. “According to Article 127 of the Civil Code, it can be seen that from the perspective of civil law, online virtual property is regarded as an object of rights that ‘is different from property rights, creditor’s rights, intellectual property rights, etc. and is protected by civil law’.”
In addition, jurists state that the theft of NFTs therefore carries applicable criminal penalties, which can be evaluated in conjunction with related offenses committed during the course of the theft, such as hacking into computer systems or data theft.
