Day: April 4, 2023

Banking crisis could spark the first ‘extended duration Bitcoin bull market,’ says Swan Bitcoin CEO

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The latest banking crisis could lead to “the first-ever extended duration bull market” for Bitcoin (BTC), according to Swan Bitcoin CEO Cory Klippsten. In an interview with Cointelegraph, Klippsten pointed out that far more people today know about Bitcoin as a tool to opt out of the traditional financial system than during the previous banking crisis, which engulfed Cyprus in 2013.  That means the next Bitcoin bull could potentially last for two to three years, instead of just a few months, thinks Klippsten.  According to Klippsten, Bitcoin is not threatened…

The SEC’s Beaxy Suit Looks Like a Coinbase Case Preview

“Platforms like the Beaxy Platform require users to deposit with the platform all of the crypto asset securities that they traded there, resulting in the platform possessing, and even becoming the legal owner of such assets and thus a central securities depository,” the filing said. “This type of arrangement means that an unregistered crypto asset platform like the Beaxy Platform could use assets in their possession and control for its own purposes, thereby exposing investors to significant and at times undisclosed risk of loss of their assets. Investors who invest…

Crypto exchange backed by 3AC founders launches with claims trading plans

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Su Zhu and Kyle Davies, founders of the collapsed hedge fund Three Arrows Capital (3AC), have announced the launch of the crypto project Open Exchange, or OPNX. Both Zhu and Davies retweeted the April 4 launch announcement from OPNX chief executive officer Leslie Lamb, who said the exchange was open to “trade spot and futures immediately.” According to the CEO, the launch of the exchange was aimed at wanting to “help the industry” amid the collapse of platforms including FTX and Celsius. “Claims trading will be the next thing that…

12 ways ecosystem projects can attract more developers

The ecosystem concept is unique to (and uniquely suited to) the crypto industry. These synergistic communities offer a network where participants can benefit from each other’s work and progress while building an ever-stronger foundation. A recent study found there were more than 18,000 active Web3 developers and pinpointed the ecosystems having the most success attracting new developers. So what do ecosystem projects need to do to achieve similar success to these top performers? According to the industry experts of Cryptox Innovation Circle, it’s essential to be cognizant of what developers…

Ethereum (ETH) Rallies to 8-Month High Just 8 Days to Long-Awaited Shanghai Upgrade

Cash flow from Bitcoin to the Ethereum market has significantly contributed to today’s price bump according to Lewis Harland, Decentral Park Capital’s portfolio manager. After consolidating for the past two weeks, the Ethereum (ETH) market has begun gaining traction over Bitcoin (BTC) during the early New York trading session on Tuesday. According to the latest crypto market data, Ethereum’s price rallied to a 24-hour high of around $1,886, up over 3 percent during the day. With over $30 billion staked in the Ethereum ecosystem, the DeFi ecosystem is currently focused…

Carbon-Backed NFT Collection Ecosapiens Raises $3.5M

According to data from OpenSea, Ecosapiens’ Alpha Collection, which launched in February, has a floor price of 0.055 ETH, or about $100. The collection’s trading volume is hovering around 18 ETH, or about $32,300. So far, the collection says it has helped offset over 1,000 tons of carbon dioxide, equivalent to planting 40,000 trees. Source