Crypto news

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BlackRock has introduced an Ethereum Exchange Traded Fund (ETF) in Brazil, marking a significant step in expanding cryptocurrency investment options in the region. The ETF, listed under the code ETHA39, has been launched today, on August 28 on Brazil’s B3 exchange. This product is offered as a Brazilian Depositary Receipt (BDR), a type of certificate representing shares issued by a company outside of Brazil. The expected price for launching ETHA39 is between R$ 40 and R$ 50 ($7.26 to $9.00)...

WazirX said it would take at least six months for the restructuring to occur, after which its users would receive their deposits. The exchange maintains that this approach is the best route for all parties involved. Indian exchange WazirX filed for a moratorium in the Singapore High Court on August 27 under its parent company, Zettai Pte, registered in the city nation. The move comes as the exchange restructures its liabilities under the Singapore Scheme of Agreement after having over $230...

Democratic Presidential nominee Kamala Harris is all but confirmed to support a tax on unrealized capital gains after her economic advisor Bharat Ramamurti defended the policy during a Wednesday interview. “I think that this reaction to unrealized gains is a little funny given that I bet that the majority of people are already paying a tax on unrealized gains. It’s called a property tax,” said Ramamurti. Why Harris Will Support An Unrealized Capital Gains Tax In a...

Donald Trump has announced a new batch of NFT trading cards, continuing his bid to win crypto votes in the upcoming November elections. The Republican U.S. presidential nominee took to his Truth Social account to unveil the non-fungible token while posting a promotional video of himself saying people call him the “crypto president.” NFT Trading Cards Series 4 The digital cards, titled “Series 4: America First Collection,” feature 50 stylized images of the former president...

HashKey Exchange now lists AVAX and LINK, expanding retail crypto options in Hong Kong. The decision is in line with Hong Kong’s plan to grow its virtual asset sector in the face of global transformation. HashKey Exchange, Hong Kong’s most significant crypto platform, received approval from regulatory authorities to list two major altcoins, AVAX and LINK, for individual investors. This action is a key step toward expanding the number of digital assets available to non-institutional traders...

The realized capitalization of Bitcoin long-term holders (LTH) surpassed $10 billion this week for the first time ever. This highlighted the growing confidence among investors who hold the asset for extended periods, typically more than 155 days. The LTH metric is particularly crucial because it reflects the conviction of these holders in Bitcoin’s long-term potential, as they are less likely to sell during short-term market fluctuations. $10 Billion Milestone The latest...

Base reaches the 1 million daily active wallet milestone. It recently surpassed 4 million weekly active wallets. The Coinbase-launched Ethereum layer-2 Base has witnessed an amazing month in terms of adoption, hitting various milestones to now witness over 1 million daily active wallets. This recent development comes thanks to the “Basenames” service, which has spurred tremendous usage over the past few days. Base crossed the threshold on August 24 as 1.05 million wallets interacted with the...

One of the biggest upgrades on the Cardano network is set to be deployed in the next three days. It will introduce new features and finalize the blockchain’s transition into a community-run network. The Chang hard fork was initially scheduled to go live on Tuesday, August 27, per an announcement on August 20; however, Cardano founder Charles Hoskinson revealed on August 23 that the launch had been moved to September 1, 2024. According to Hoskinson, crypto exchanges like...