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Korean Won Edges Out US Dollar as Top Fiat Currency in Crypto Trading

The South Korean Won (KRW) has lately eclipsed the US Dollar (USD) as the main fiat currency regarding trading volume on centralised exchanges, marking a significant shift in the global cryptocurrency industry. The Korean Won enabled transactions totalling more than $456 billion in the first quarter of 2024, according to recent research by the financial […]

Ethereum News

Fidelity’s Staking-Enhanced Ethereum ETF: A Game Changer?

Fidelity has submitted a proposal to the US Securities and Exchange Commission (SEC) asking for permission to incorporate staking rewards into its Ethereum exchange-traded fund (ETF) in a daring attempt to completely transform the cryptocurrency investment landscape. By attempting to enter the growing Ethereum staking industry, this novel strategy can provide investors with higher returns […]

Ethereum News

Crypto Mixer Sentenced for $400M Laundering Scheme

Roman Sterlingov, the creator of Bitcoin Fog, was found guilty in a historic case by a federal court in Washington for his part in helping to launder more than $400 million. The money, mostly from darknet markets, was hidden by the Bitcoin mixing service and, therefore, practically untraceable. This verdict serves as a reminder of […]

Ethereum News

Thailand’s SEC Greenlights Crypto ETFs

A judgement by the Thailand Securities and Exchange Commission (SEC) is expected to significantly alter the cryptocurrency market. The SEC has made the audacious decision to allow high-net-worth individuals and institutional investors to trade bitcoin exchange-traded funds (ETFs). This significant regulatory shift represents Thailand’s forward-thinking strategy to incorporate cryptocurrencies into its financial ecosystem. It creates […]

Ethereum News

BRICS Forge Ahead with Digital Currency System

Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, also known as the BRICS countries, have unveiled a ground-breaking plan to transform their financial networks. They intend to use blockchain technology and digital currencies to develop a stand-alone payment system in a daring step towards de-dollarisation. This represents a dramatic […]

Ethereum News

SEC to Restrict ETF Approvals to Bitcoin and Ethereum

The CEO and chief investment officer of Ark Invest, Cathie Wood, recently made a noteworthy forecast about the direction exchange-traded funds (ETFs) will go in the cryptocurrency space. Wood predicts that the US Securities and Exchange Commission (SEC) would only approve Bitcoin and Ethereum-based cryptocurrency exchange-traded funds (ETFs). This prediction clarifies the cautious stance the […]

Ethereum News

The Transformative Impact of Bitcoin ETFs in the First Month

The introduction of Spot Bitcoin ETFs sparked a dramatic change in the financial environment, marking a historic milestone for cryptocurrency investment. Bitcoin’s value surged spectacularly, reaching its highest point in over two years, indicating strong investor interest. This occurrence highlights the growing trust in digital currencies and is driven by a historic $2.8 billion net […]

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The Latest Update: About The Ethereum’s Big Upgrade

Ethereum is awaiting its biggest upgrade since the Merge, which is called The Shanghai upgrade, also known as Shapella. It will enable users to unlock their staked ETH. This has been locked up since the “deposit contract” went live in 2020. Many predict this event could force major selling pressure on ETH. The Shanghai upgrade […]

Ethereum News

Ethereum Bot Was Attacked With The Loss of Almost $20M

One of the major Ethereum MEV bots have been targeted in an attack, apparently by one of the blockchain’s validators, resulting in the loss of almost $20 million. The Ethereum MEV bot, which is designed to monitor blockchain transactions and identify arbitrage opportunities, was attacked by a malicious actor who exploited the bot’s vulnerability. MEV is a […]

Ethereum News

Is the Token Wrapped Ethereum (WETH) in a Trouble?

Wrapped Ethereum, also known as WETH, is a token that allows users to trade Ethereum (ETH) on decentralized finance (DeFi) platforms that only accept ERC-20 tokens. It is a crucial component of the DeFi ecosystem, as it allows for interoperability between different protocols and allows for liquidity to flow between different platforms. However, there have […]

Ethereum News

Ethereum deploys ‘shadow fork’ of Shanghai upgrade

Ethereum has announced the launch of its Ethereum Shanghai upgrade, which is a ‘shadow fork’ of Ethereum. Ethereum shadow forks are designed to offer a safe and secure environment for blockchain developers. To experiment with new features before they officially deploy them on the Ethereum mainnet. Here are a few key points: Ethereum Shanghai is […]

Ethereum News

Ethereum’s Contracts Can Be Used for Cancer Research

Blockchains were discovered to be useful for sharing the parameters of AI models used to diagnose cancer by a medical research team. Using Ethereum’s smart contracts, three independent teams of researchers were able to update their AI models at the same time without the need for a centralized authority. AI algorithms are being used to […]

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