In a significant move for the Australian financial landscape, Monochrome Asset Management is set to introduce the country’s inaugural spot Ethereum exchange-traded fund (ETF), known as the Monochrome Ethereum ETF (IETH). Scheduled to debut on Monday, October 14, this innovative financial instrument aims to provide Australian investors with direct access to Ethereum, aligning with growing
Crypto
In the months following the catastrophic collapse of the FTX cryptocurrency exchange, many observers thought that the Caribbean’s burgeoning crypto scene was destined for stagnation. Doubt and disillusionment pervaded the atmosphere as trust in various platforms waned. However, by late 2023, a remarkable turnaround began to emerge in this segment of the financial ecosystem, highlighting
Marat Tambiyev’s journey within the Investigative Committee of Russia (ICR) is one of considerable ascent and tragic downfall. Having joined the organization in 2011, he surmounted various challenges and climbed through the ranks, eventually becoming the chief of the investigative division in Moscow’s Tverskoy district. Tambiyev’s career seemingly epitomized success in law enforcement, as he
As Tether marks its tenth anniversary, the company reflects on a decade that has significantly shaped the landscape of digital assets. Pioneering the stablecoin sector, Tether introduced USDT, which has become an invaluable resource for individuals in economically challenged nations such as Turkey, Argentina, and Brazil. By rolling out the documentary titled “Stability and Freedom
The cryptocurrency landscape has faced significant upheaval in recent years, particularly following high-profile collapses of major exchanges. Among these, FTX and its affiliate Alameda Research have emerged at the forefront of regulatory scrutiny, facing a staggering total of $12.7 billion in sanctions. This penalization marks the largest collective enforcement action within the cryptocurrency realm, exemplifying
The recent charges against three cryptocurrency companies and 15 individuals reveal an alarming intertwining of technology and deceit in the swiftly evolving digital marketplace. Spearheaded by the US Federal Bureau of Investigation (FBI), this extensive probe unveils a web of fraud and market manipulation that could shake the foundation of trust in the crypto sphere.
After a tumultuous period, the cryptocurrency market has shown signs of stabilization over the last day, with total market capitalization hovering around $2.29 trillion. This figure indicates that the market has found a delicate balance following significant price swings experienced earlier in the week. Such price stabilization is particularly common during weekends, where trading volumes
Bitcoin, the pioneering cryptocurrency, has recently crossed a significant psychological barrier by soaring past the $63,000 mark. At its peak, the digital asset reached an impressive high of $63,400 before settling at around $62,700. This fluctuation reflects a substantial 4% increase within a 24-hour period, indicating a notable rebound in a sector that has been
The realm of cryptocurrencies is witnessing an impressive uptick in stablecoin dynamics, with notable implications for the overall market. Recently, a report indicated that the combined market cap of leading USD-backed stablecoins has soared to $169 billion—a staggering increase of 31%, or $40 billion, since the year’s onset. This growth trend signals a revitalized liquidity
In a dramatic twist of fate, David Kagel, an 86-year-old former attorney, finds himself enduring the repercussions of orchestrating a multimillion-dollar Ponzi scheme that rippled through the cryptocurrency market. His sentencing on October 8 in a Las Vegas federal court serves as a resounding reminder of the potential for corruption even among those who are
