Day: January 13, 2023

LINK Address Activity Back At 2021 Levels

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Data shows Chainlink address activity has returned to 2021 levels recently, a sign that could turn out to be bullish for the asset’s value. Chainlink Daily Active Addresses At High Levels Recently According to data from the on-chain analytics firm Santiment, this increase in LINK activity first started around two months ago. The relevant indicator here is the “daily active addresses,” which tells us the total number of addresses that were involved in a transaction on any given day. The metric counts both senders and receivers in its calculation, and…

Cryptocurrency Exchanges Still Fighting Private Banks for Right to Open Bank Accounts in Chile – Regulation Bitcoin News

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The conflict between banks and cryptocurrency exchanges in Chile is still developing, as some banks are reticent to serve this kind of institution. A new report prepared by exchanges reports that most of these banks refuse to include crypto companies as customers for risks that are nevertheless managed in the case of servicing other kinds of customers. Cryptocurrency Exchanges Still Fighting Banks in Chile Cryptocurrency exchanges and other crypto-related companies are still fighting private banks for the right to open and manage bank accounts in Chile. The legal fight, which…

FTX Cleared to Sell LedgerX, Japanese Units by Bankruptcy Judge

Judge John Dorsey of the Delaware Bankruptcy Court, charged with overseeing the wind-up of the exchange, approved the measures in an order dated Thursday after a hearing held Wednesday. Sale notices will be published within around three business days, with indications of interest to be received between Jan. 18 for Embed and Feb. 1 for FTX Europe and Japan. Source

‘Wall of worry’ led to digital wallets, blockchain tech ignored: Cathie Wood

ARK Invest CEO Cathie Wood believes that digital wallets and blockchain tech were among “game-changing innovations” that the equity markets largely ignored in 2022.  In a Jan. 12 blog post on the ARK Invest website, Wood suggested that the equity market faced a “wall of worry” in 2022, caused by fears of entrenched inflation and higher interest rates, and largely ignored a number of innovative technologies. Wood highlighted that digital wallets are “replacing cash and credit cards,” noting that they overtook cash as the top transaction method for offline commerce…

Climate tech VC argues Bitcoin’s ESG positives outweigh its negatives 31:1

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A climate tech investor has painted a bright view of the Bitcoin (BTC) network, suggesting BTC’s environmental positives outweigh its negatives by a whopping 31:1 ratio. On Jan. 12, self-proclaimed philanthropist and environmentalist Daniel Batten claimed in a Twitter thread that “Bitcoin is probably the most important ESG technology of our time.” According to Batten, the 31:1 positive impact ratio was calculated by researching and interviewing grid engineers, climate scientists, BTC mining engineers, methane abatement experts, and solar and wind installers. The findings discovered 21 ways Bitcoin could be an environmental…

Samsung investment arm considering spot-Bitcoin ETF in Hong Kong

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Hot on the heels of its Bitcoin (BTC) futures exchange-traded fund (ETF) in Hong Kong, Samsung Asset Management has indicated it’s considering the launch of a spot Bitcoin ETF on the city’s exchange if policies allow for it. In an interview with Bloomberg published on Jan. 13, Hong Kong chief executive for Samsung Asset Management, Sam Park, said: “It really depends on how policy is going to be developed,” adding that the Hong Kong administrators are “clearly” interested in developing the city into a crypto hub. An ETF analyst at…