Robinhood Wallet just made it easier for users to swap tokens across different blockchain networks, thanks to collaborations with 0x Project and LI.FI protocols. Now, Robinhood users can easily switch between tokens supported by these projects on the Polygon Proof-of-Stake network. This new functionality is a game-changer, providing access to over 23 million Robinhood app … Read more
Phoenix Wallet, a Lightning payment Bitcoin wallet, is no longer available for U.S. residents starting May 3. ACINQ, the company behind Phoenix Wallet, plans to remove it from U.S. app stores, leaving American users without access. The reason for this decision isn’t clear yet, but recent U.S. government statements have raised doubts about the regulatory … Read more
Franklin Templeton recently introduced its Ethereum exchange-traded fund (ETF), named “Franklin Ethereum TR Ethereum ETF,” with ticker code EZET. The DTCC website now lists this ETF, allowing for creation and redemption. However, SEC approval is still pending. Franklin Templeton, a well-known asset management company, has introduced its new Ethereum exchange-traded fund (ETF) named “Franklin Templeton … Read more
As a researcher with a background in finance and cryptocurrencies, I find it disconcerting to see the digital asset market cap dipping below $2.5 trillion, marking a significant decrease from last year’s high of approximately $3 trillion. The recent turbulence in traditional markets, such as the Japanese yen’s fall against the U.S. dollar, appears to … Read more
As a long-term crypto investor with a background in finance, I find the DTCC’s decision to not allocate collateral or offer loans for Bitcoin ETFs a mixed bag. On one hand, it could be perceived as another instance of traditional financial institutions showing reluctance towards embracing cryptocurrencies. However, it is essential to note that this … Read more