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Author: Chris Smith

I am a crypto enthusiast and believe in the potential of cryptocurrencies and blockchain to revolutionize the financial world as we know it. I have been covering crypto news for over 6 years and truly believe the media can contribute to the mass adoption of digital assets.

Worldcoin Hires Coinbase’s Former Head of Communications

Reading Time: < 1 minuteElliott Suthers, former head of corporate communications at US cryptocurrency exchange Coinbase, has been appointed as the head of communications for Europe, Middle East and Africa at Worldcoin.

June 11, 2024June 11, 2024 Chris Smith News

Crypto Exchange Lykke Says It Was Hacked

Reading Time: < 1 minuteOn June 4, Lykke cryptocurrency exchange was impacted by an exploit, resulting in the halt of all withdrawals.

June 11, 2024June 11, 2024 Chris Smith News

Binance’s Users Reach 200M

Reading Time: < 1 minuteBinance announced on June 8 that it had achieved 200 million users globally. No other exchange comes close to this number of users, although the reported figures are self-proclaimed.

June 10, 2024June 10, 2024 Chris Smith News

Orbit Chain Hacker Transfers $48M Through Tornado Cash

Reading Time: < 1 minuteIn the last moments of 2023, Orbit Chain, a cross-chain bridge connected to the Klaytn ecosystem, was hacked and lost $81.5 million through multiple transactions.

June 10, 2024June 10, 2024 Chris Smith News

Franklin Templeton to Launch an Altcoin-based Fund

Reading Time: < 1 minuteAccording to anonymous sources, Franklin Templeton, a US company that offers spot Bitcoin ETFs, is considering launching a new crypto fund that would invest in tokens other than BTC and ETH.

June 7, 2024June 7, 2024 Chris Smith News

Bitcoin ETFs Record Inflows of $488M

Reading Time: < 1 minuteUS-based Bitcoin ETFs received a combined inflow of $488.1 million on Wednesday.

June 7, 2024June 7, 2024 Chris Smith News

US Appeals Court: SEC Exceeded its Authority with Fund Rule

Reading Time: < 1 minuteA recent decision by a United States appeals court has struck down a Securities and Exchange Commission (SEC) rule that aimed to increase transparency in the hedge fund and private equity sectors.

June 6, 2024July 17, 2024 Chris Smith Opinion

Fidelity Executive: Investors Should Invest in BTC

Reading Time: < 1 minuteMatt Horne, the head of digital asset strategies at Fidelity Investments, emphasized the importance of allocating at least a small portion of one’s investment portfolio to Bitcoin, regardless of their stance on the decentralized currency.

June 5, 2024July 17, 2024 Chris Smith Opinion

Daily Inflows into Bitcoin ETFs Hit $887M

Reading Time: < 1 minuteAccording to initial data, the United States has witnessed the second-highest net inflow day for Bitcoin exchange-traded funds (ETFs) with $886.6 million.

June 5, 2024June 5, 2024 Chris Smith News

Bernstein: Spot Ethereum ETFs Approvals by SEC Not Politically Driven

Reading Time: < 1 minuteAfter the Securities and Exchange Commission (SEC) surprisingly approved spot Ethereum exchange-traded funds last month, there were speculations that this was a result of a shift in political stance.

June 4, 2024July 17, 2024 Chris Smith Opinion

Daily Inflows into US Spot Bitcoin ETFs Reach $105M

Reading Time: < 1 minuteThe 11 spot Bitcoin ETFs that were approved in the US in January have collectively attracted a total of $2.28 billion in inflows during this period, bringing the cumulative net inflows to $13.96 billion.

June 4, 2024June 4, 2024 Chris Smith News

Hackers Steal $7M from Decentralized Exchange Velocore

Reading Time: < 1 minuteA hacker successfully used a vulnerability in the overflow logic of Velocore to manipulate a small withdrawal and turn it into a large deposit.

June 3, 2024June 3, 2024 Chris Smith News

GameStop Shares Surge Overnight

Reading Time: < 1 minuteGameStop shares experienced a significant surge of over 19% in overnight trading after Keith Gill, also known as “Roaring Kitty,” revealed on Reddit that he holds $181.4 million worth of GME stock and call options.

June 3, 2024June 3, 2024 Chris Smith News

JPMorgan: Spot Ethereum ETFs Will Have a Negative Impact on Market

Reading Time: < 1 minuteAnalysts at JPMorgan do not anticipate that the launch of spot Ethereum ETFs will generate the same level of demand as the launch of spot Bitcoin ETFs.

May 31, 2024July 17, 2024 Chris Smith Opinion

SEC Asks Ethereum ETF Issuers to Submit S-1 Form Drafts

Reading Time: < 1 minuteThe process of obtaining approval for Ethereum ETFs is well underway, with attention now turning to the S-1 forms.

May 31, 2024May 31, 2024 Chris Smith News

Robinhood About to Finalize Settlement with GameStop

Reading Time: < 1 minuteRobinhood is currently working towards reaching a settlement with investors who sued the company for halting the trading of certain meme stocks in 2021.

May 30, 2024May 30, 2024 Chris Smith News

PayPal’s Stablecoin Expands to Solana

Reading Time: < 1 minutePayPal’s PYUSD stablecoin, recently launched on Solana, introduces a new feature called “confidential transfers” that gives merchants the option to conceal transaction amounts for consumers while still adhering to regulations.

May 30, 2024May 30, 2024 Chris Smith News

Bitnomial and Luxor Roll Out a Bitcoin Mining Derivatives Product

Reading Time: < 1 minuteLuxor Technology Corporation and Bitnomial Inc. have teamed up to launch a new Bitcoin mining derivative product on Bitnomial’s United States derivatives exchange.

May 29, 2024May 29, 2024 Chris Smith News

Ledger Starts Shipping its New Hardware Wallet

Reading Time: < 1 minuteAfter a long delay, Ledger has started sending its recently released Ledger Stax hardware wallets to customers who pre-ordered them more than a year ago.

May 28, 2024May 28, 2024 Chris Smith News

Donald Trump’s Crypto Asset Holdings Surpass $10M

Reading Time: < 1 minuteOn Monday, May 27, former United States President Donald Trump briefly held over $10 million in crypto assets, with the majority of his holdings comprised of TRUMP tokens.

May 28, 2024May 28, 2024 Chris Smith News

Ethereum to Deploy Pectra Upgrade in Q1 2025

Reading Time: < 1 minuteThe Ethereum core development team has set a goal to release the Pectra upgrade in the first quarter of 2025 during an execution layer meeting.

May 27, 2024May 27, 2024 Chris Smith News

Hong Kong’s Spot Bitcoin ETFs Experience Outflows

Reading Time: < 1 minuteOn Thursday, Hong Kong’s three Bitcoin exchange-traded funds (ETFs) saw a total outflow of 25.63 BTC, while the spot ether ETFs reported no movement in their assets.

May 24, 2024May 24, 2024 Chris Smith News

Bernstein: Ethereum Will Hit $6,600 If ETFs Are Approved

Reading Time: < 1 minuteAccording to analysts at Bernstein, the SEC’s approval of spot ETFs based on Ethereum could potentially cause a significant increase in the asset’s price by 75%, rising to $6,600.

May 23, 2024July 17, 2024 Chris Smith Opinion

US House Approves Bill to Regulate Crypto

Reading Time: < 1 minuteOn Wednesday, the US House of Representatives passed a bill to establish a new legal structure for digital currencies, despite concerns raised by the US securities regulator about potential financial risks.

May 23, 2024May 23, 2024 Chris Smith News

Donald Trump Will Accept Crypto Donations for His Campaign

Reading Time: < 1 minuteFormer US President Donald Trump, who is currently facing criminal charges in four jurisdictions, has announced that his upcoming campaign for the 2024 presidential election will accept cryptocurrency donations.

May 22, 2024May 22, 2024 Chris Smith News

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