Fidelity Follows BlackRock, Files For Spot Ethereum ETF – Where Next for Ether (ETH)? Asset management giant Fidelity just filed a 19b-4 with the Chicago Board Options Exchange (CBOE) to set up a spot Ethereum exchange-traded fund (ETF) called the Fidelity Ethereum Trust, just one day after BlackRock filed to set up the iShares Ethereum Trust, its own spot Ethereum ETF. The latest move to offer a spot Ethereum ETF to investors comes as major asset managers double down on bets that cryptocurrenci...

Today in Crypto: 46.5% of Web3 Fund Loss is Result of Traditional Web2 Security Issues, Investment in Blockchain Gaming Hits $1.5 Billion in 2023 Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. _ Security news While developers and researchers generally focus on designing and coding the smart contract protocol, 46.5% of all hacks in 2022 in monetary terms occurred via infrastructure, e.g. poor private key ...

Today in Crypto: Bakkt Reveals International and Domestic Expansion, Justin Sun Offers 5% Bounty, Metaverse Platform ZEP to Build on Near Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. _ Investment news Digital asset marketplace Bakkt Holdings announced international and domestic expansion. Per the press release, it plans to expand crypto capabilities into numerous international markets with existing and...

Ethereum Price Prediction as ETH Hits Three-Month High: Time to Buy? The Ethereum price has dropped by 2% in the past 24 hours, falling to $1,792 as the cryptocurrency market as a whole drops by the same percentage. ETH’s fall comes as the market reacts to the news of Sam Bankman-Fried’s conviction for fraud, with the altcoin now flat in the past week. Yet its price remains very close to a three-month high, having risen by 11% in a fortnight and by 9% in a month. And with its fundamentals remai...

U.S. Authorities Seize $54 Million Worth of Crypto from a Drug Ring Leader The U.S. Attorney’s Office is aiming to recover $54 million of crypto in Ethereum from Christopher Castelluzzo, a convicted drug distributor. On Nov. 2, U.S. Attorney Philip R. Sellinger filed a civil forfeiture action. The goal is to reclaim the seized cryptocurrency. This crypto is linked to Castelluzzo’s illicit narcotics distribution scheme in and around New Jersey. “The civil action we are taking today seeks to recov...

Render Network Moves From Ethereum to Solana Blockchain in Major Win – Where Next for SOL? 3D content rendering platform Render Network has relocated from the Ethereum blockchain to Solana in order to benefit from the latter’s high throughput and lower transaction costs. As per an update in a blog posted to Medium, the Render Foundation said that it had successfully implemented an upgrade to its core infrastructure to Solana from Ethereum. RNDR token holders can now migrate their tokens from the...

Swiss Bank SGKB Partners with SEBA for Crypto Custody and Trading Services Switzerland’s fifth largest cantonal bank, St.Galler Kantonalbank (SGKB), has partnered with SEBA Bank to offer custody and trading services for Bitcoin and Ethereum. SGKB announced that the service is initially available to a select group of wealth-management clients at SGKB with future plans to expand the offering to retail customers soon. Christian Bieri, Head of B2B and Custody Solutions at SEBA Bank, said in an inter...

With less than two days left to the ninth Ethereum upgrade, Muir Glacier, majority of the node operators are ready for it. As previously reported, Ethereum is forced to have another hard fork less than a month after the Istanbul upgrade, due to a mistake, and in order to delay the feature known as the difficulty bomb which slows down blocks, aka Ice Age, for approximately 611 days. Nodes should’ve been upgraded by December 30 to account for the variable block times, given that even the exact tim...