Day: June 21, 2023

Bitcoin miner Core Scientific files its Chapter 11 plan

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A Chapter 11 plan for bankrupt Bitcoin (BTC) miner Core Scientific has been filed in line with its Chapter 11 proceedings. The plan was filed in the United States bankruptcy court for the Southern District of Texas Houston Division. The plan was negotiated with key stakeholders and according to the filing, the firm is “seeking to build as much consensus as possible” about how a new Core Scientific would look after emerging from its bankruptcy proceedings. Cryptocurrency miner Core Scientific said it has seen a boost in liquidity since filing…

Cardano (ADA), Ether (ETH) Surge as Bitcoin (BTC)-Led Rally Sees Short Traders Lose $125M

“Blackrock’s ETF presents a statement or unique ‘solution’ if you will that makes it different from previous ETF filings,” shared Eitan Katz, CEO of Kima, in a Telegram message. “It includes a surveillance sharing agreement with Nasdaq, which means that Nasdaq will have access to the trading data, including customer IDs –all with the intention to make it significantly more immune to market manipulations by traders.” Original Source 125MADABitcoinBTCLedCardanoETHEtherLoseRallySeesShortSurgeTraders CryptoX Portal

Asset manager WisdomTree files bitcoin ETF application

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied WisdomTree Investments, a well-known US asset manager, has swiftly applied for a new ETF focused on bitcoin. This follows closely after BlackRock’s similar move. WisdomTree has submitted its application to the US Securities and Exchanges Commission (SEC) during a critical time when the SEC is involved in legal battles with cryptocurrency exchanges Coinbase and Binance. 87 billion dollar big Wisdom Tree is filing for a Bitcoin ETF! Someone knows something we don’t. 4 massive assets managers…

Bitnals aims to shape crypto trading with data-driven signals

Navigating the constantly changing landscape of cryptocurrencies can be difficult. The market’s instability can make it hard for investors to make informed decisions, resulting in missed chances and potential losses. Nevertheless, Bitnals, a crypto company, aims to revolutionize the game with its approach and technology. Founded by a team of expert traders, Bitnals is dedicated to providing crypto enthusiasts with a reliable solution to navigate the unpredictable crypto market. Their website, www.bitnals.com, offers a unique algorithmic system that analyzes various market indicators, including volumes, price action, large account movements, and market…

Bitcoin June 2024 Expiry Futures And Options in High Demand Due to Mining Reward Halving: Deribit

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“Normally, Deribit would introduce the June 2024 options and futures next week at the June 2023 quarterly expiry. However, with the halving expected in April, clients have requested us to list them earlier to facilitate the trading of these contracts ahead of the regular listing date,” Deribit’s Chief Commercial Officer Luuk Strijers told CoinDesk. Original

Binance Netherlands exit — Dutch central bank says registration failings are confidential

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The details behind Binance’s failed efforts to register for a virtual asset service provider (VASP) license in the Netherlands remain unclear due to the confidentiality requirements of the Dutch central bank’s supervisory laws. On June 16, Binance announced it would terminate its services in the Netherlands with immediate effect, having failed to get the all-clear from De Nederlandse Bank (DNB). From July 17, Dutch customers will only be able to withdraw assets from the platform, while trading and deposits were stopped on the date of the announcement. Binance claimed it had undergone…

US lawmakers introduce National AI Commission Act

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On Tuesday, June 20, a bipartisan group of United States lawmakers introduced a bill to establish a commission to study the country’s approach toward artificial intelligence (AI).  The main objective of the Act revolves around the critical matter of establishing regulations within the AI domain. The Act comes hot on the heels of Consumer protection groups from the European Union (EU) urging regulators to conduct investigations on artificial intelligence models behind popular chatbots. The National AI Commission Act which is a bipartisan and bicameral legislation, was introduced by Congressmen Ted…

Blackrock’s spot Bitcoin ETF renews optimism, sparks wave of new filings

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At least two investment firms have made new filings for spot Bitcoin exchange-traded funds (ETF) following investment colossus BlackRock’s move to lodge a similar application for its own spot Bitcoin ETF on June 15.  New York-based asset management fund WisdomTree is the most recent investment firm to lodge a new filing for a spot Bitcoin ETF. According to a June 21 filing to the United States Securities and Exchange Commission (SEC), WisdomTree requested that the SEC allow it to list its “WisdomTree Bitcoin Trust” on the Cboe BZX Exchange under…