“We are excited to offer the Bitcoin Trend Indicator, which has been rigorously researched and constructed,” Andy Baehr, CFA, managing director at CoinDesk Indices, said in a press release. “We designed the BTI to help identify trends in the price of bitcoin, assisting asset managers to create new dynamic products, and helping investors make better-informed allocation decisions over a long-term horizon.” Source
Whenever you put your assets to work on the blockchain, it’s crucial to balance risk and reward. Although liquidity pools offer a potentially generational opportunity, users must take a realistic look at the DeFi ecosystem and come up with concrete plans to limit their downside. Liquidity pools: The cornerstone of DeFi For decentralized finance (DeFi) to function in a fast and efficient manner, DeFi protocols require liquidity. But how does the liquidity pool process work exactly? There are several types of protocols for providing liquidity: For decentralized exchanges, users provide…
Despite some fears of a new supply of Ether (ETH) hitting the markets after the much anticipated Shapella update, ETH surpassed the $2,000 price point almost a day after the upgrade. Data from Cointelegraph Markets Pro shows that the token entered the $2,000 level on April 13, the highest level reached since August. The surge comes after the successful Shapella upgrade implemented at 10:27 pm UTC on April 12. Ether hitting the $2,000 mark. Source: Cointelegraph Price Index The upgrade allows staked ETH withdrawals for users who previously had no…
Ethereum mainnet successfully completed the Shapella upgrade on April 12. The successful execution of the Shapella upgrade means Ethereum validators can finally withdraw their staked Ether on the Beacon chain. A total of 126,955.07 ETH were withdrawn by validators at the time of writing. Presently, 248,043 out of the 559,549 active validators, or about 44% of them, have the ability to request a partial or full withdrawal. The majority of withdrawals currently vary between 2.8- 3.2 ETH, indicating the majority of the validators are only withdrawing their staking rewards. Total…
“Bitcoin index futures and options are a rapidly growing asset class,” Frank Soussan, Head of LCH DigitalAssetClear, said in a statement, citing “increasing interest among institutional market participants looking for access within a regulated environment they are familiar with.” Original
Earlier this year, Korean media reported that lawmakers were working on the Digital Asset Basic Act (DABA), which collectively refers to 17 draft bills that largely focus on investor protection. As of now, none of these bills have passed. “We were on the way to make some new crypto legislation, especially after the new presidential administration started. But so far there has been almost no new regulation, only discussions in Parliament,” said Jongbaek Park, a partner at Bae, Kim and Lee. Source
In its most substantial investment to date, DWF Labs, a digital asset market maker and investment firm, has announced an alliance with the EOS Network Foundation (ENF), entailing an investment deal worth over $60 million. EOS is a Layer-1 network for developers looking to build blockchain-based games (GameFi) and deploy decentralized applications (dApps). DWF is bolstering the EOS Network by means of a $45 million EOS token purchase agreement and a $15 million pledge to invest in businesses and projects based on EOS. This pledge is aimed at expediting the…
In episode 15 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw talks with Will Robinson, vice president of engineering at crypto exchange Coinbase. They discuss the exchange’s vision for the future of the cryptocurrency industry, which is tied to its new Ethereum layer-2 network, Base. Robinson provides updates on the exchange’s latest tools, including an ERC-20 recovery function, wallet as a service and more. The episode starts with Robinson explaining what his role entails. Robinson explains that he manages the developer product group responsible for internal crypto infrastructure, developer-facing…
A person familiar with the matter revealed that UMG has been sending out requests “left and right” to take out songs generated by AI. As artificial intelligence (AI) content is on the rise, Universal Music Group (UMG) has ordered music streaming platforms to block AI-generated music. Since the launch of OpenAI’s ChatGPT, AI-generated content has seen an unusual rise and adoption by many. As expected, the world is divided on accepting this new technology. While many see the AI chatbot as a game changer, others believe it has more disadvantages…
Following the IPO, Rakuten Bank is billed to finally go public on the Tokyo Stock Exchange on April 21. Rakuten Bank, the financial services offshoot of the Japanese conglomerate Rakuten Group is set to go live following a successful float of its Initial Public Offering (IPO). According to a report from The Business Times, Rakuten Bank priced its IPO at 1400 Yen, a point that coincided with the upper range of its revised pricing. In the months and weeks leading to the IPO, Rakuten Bank set the IPO price at…