Day: June 29, 2023

ApeCoin DAO Votes In Two New Special Council Seats

“I deeply treasure my experience as an SC member for ApeCoin, it was full of experimentation, creative problem solving and innovating on the edge of a living breathing organism!” said Siu. “As an organization, Animoca Brands will continue to build and support the ApeCoin ecosystem including games that are going to support APE and I look forward to being a contributor to the DAO alongside all of you, in the trenches as part of the community.” Source

Israel Seizes Millions of Dollars Worth of Cryptocurrency Belonging to Its Enemies: Report

boss

The Israeli government says it has seized millions of dollars worth of cryptocurrency from accounts allegedly tied to financing two enemy groups. According to a new Associated Press report, Israeli Defense Minister Yoav Gallant issued the order for the seizure of cryptocurrency wallets and the transfer of millions of dollars worth of digital assets to the Israeli government. The wallets were allegedly associated with financial schemes tied to groups sworn to destroy Israel, the Hezbollah militant group and the Iranian paramilitary Revolutionary Guard’s elite Quds Force. Israel’s Mossad spy agency,…

Coinbase Files Motion To Dismiss SEC Case Against the Crypto Exchange

boss

Top US-based crypto exchange Coinbase is filing a motion to dismiss the U.S. Securities and Exchange Commission’s (SEC) lawsuit against it. The SEC sued Coinbase earlier this month alleging that the platform was selling unregistered securities after it dubbed a number of crypto assets, such as Cardano (ADA), Solana (SOL), and Polygon (MATIC), as securities. However, Coinbase recently filed a motion with the Southern District of New York to dismiss the lawsuit, saying that the regulatory body lacks jurisdiction. In the filing, Coinbase argues that its transactions don’t qualify as…

LayerZero’s market shifting, there’s a better environment ahead for everyone, CEO says

boss

The outlook for the crypto industry is bright. As a matter of fact, the present isn’t even all that grim, Bryan Pellegrino, CEO of cross-chain interoperability protocol LayerZero, told Cointelegraph at the Collision conference in Toronto. “2015 was basically unbearable. […] Nobody cared; there was nothing. This really doesn’t seem that bad to me,” Pellegrino said. LayerZero has seen surging use of its protocol, from 10,000 messages a day six months ago to 650,000 a day now, Pellegrino told Cointelegraph U.S. news editor Sam Bourgi. Its market is rapidly evolving.…

6 Factors Financial Advisors Should Consider Before Using an SMA for Crypto

Asset managers operating SMAs typically use cutting-edge tools, analytics platforms, and trading technologies to perform their daily job functions more efficiently and accurately. These resources, in turn, provide advisors with comprehensive market data, advanced risk management tools, and efficient execution capabilities. Leveraging such tools leads to better decision-making, improved portfolio performance, and enhanced risk management. Although effective, they can be expensive and require a significant allocation of resources for advisors to onboard and manage these systems by themselves. Original Source AdvisorsCryptoFactorsFinancialSMA CryptoX Portal

Inflection AI raises $1.3B in funding led by Microsoft and NVIDIA

boss

On June 29, Palo Alto-based Inflection AI announced the completion of a $1.3 billion raise led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and NVIDIA. The new capital will be partly allocated to building a 22,000-unit NVIDIA H100 Tensor GPU cluster, which the company claims is the largest in the world. The GPUs will be used to develop large-scale AI models. Developers wrote:  “We estimate that if we entered our cluster in the recent TOP500 list of supercomputers, it would be the 2nd and close to the top entry,…

CME Group Announces Plans to Launch ETH to BTC Ratio Futures

“Historically, ether and bitcoin have been highly correlated; however, as the two assets have grown over time, market dynamics may affect the performance of one more than the other, creating relative value trading opportunities,” Giovanni Vicioso, CME Group global head of cryptocurrency products said in a statement. “With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view.” Source