Day: June 29, 2023

Fidelity joins the rush for a bitcoin ETF, following BlackRock, Ark Invest and others

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A sign marks a Fidelity Investments office in Boston, Massachusetts, April 28, 2022. Brian Snyder | Reuters Asset management giant Fidelity Investments is again trying to launch a spot bitcoin ETF, according to a Thursday filing. The move comes two weeks after BlackRock filed for a spot bitcoin ETF, which has long been opposed by the Securities and Exchange Commission. Other firms appear to have taken BlackRock’s filing as a sign that the SEC’s stance could soon change. Since then, WisdomTree, VanEck and Invesco have taken the initial steps toward…

How to start a career in artificial intelligence

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Global industry disruption brought about by artificial intelligence (AI) is creating interesting job prospects for anyone interested in this cutting-edge subject. AI is revolutionizing how we live and work with technologies like self-driving cars and virtual assistants.  If you’re interested in the seemingly limitless potential of AI and want to start a career in this rapidly expanding industry, you may consider the following actions you can take to begin your exploration of the fascinating area of artificial intelligence. Developing a strong foundation Establishing a firm foundation for AI requires a…

Canadian ETF Issuer 3iQ to Work With Coinbase to Offer ETH Staking

“While staying true to the investment objectives of the Funds, we believe that commencing ETH staking offers the best of both worlds to our investors – providing additional yield while eliminating the complexities of directly handling digital assets,” Fred Pye, Chairman and CEO of 3iQ, said in a statement. Source 3iQCanadianCoinbaseETFETHIssuerOfferStakingWork CryptoX Portal

Rpay Secures License from OFAC to Continue Operating in Venezuela

Rpay was developed by the team behind the stablecoin protocol Reserve and currently has 600,000 registered in Latin America and 300,000 on a waiting list, Jiménez said. The platform has posted $5.7 billion in cumulative volume since going live in 2020, and it recently adopted the decentralized Electronic Dollar (eUSD) stablecoin, which tracks the US dollar. Source

Polygon $MATIC ‘2.0’ Roadmap Calls for ‘Unified Liquidity,’ Restaking, New Chains on Demand

“Unified liquidity is the key to everything in Polygon 2.0,” said Brendan Farmer, the co-founder of Polygon in a press release. “We need to support unlimited scalability, but the entire Polygon 2.0 ecosystem must still feel like using a single chain. The validity of cross-chain transactions is guaranteed by ZK proofs posted to Ethereum, but we want bridging to feel seamless. We can’t make users wait for a chain to generate a proof or settle on Ethereum.” Source

Solana’s Cardinal shuts down citing economic conditions

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Solana’s Cardinal protocol is winding down operations due to economic conditions, nearly a year after raising $4.4 million to improve nonfungible tokens (NFT) utility. According to an announcement on Twitter, withdrawals should be made by August 26.  Cardinal Labs was an infrastructure provider dedicated to supporting NFT use cases on the Solana network by offering protocols and software development kits (SDKs) for staking, rentals, subscriptions, royalties and trading. Hey Everyone, we have some unfortunate news to share After a lot of reflection, we’ve decided to begin the process of winding…

The SEC is targeting Coinbase, Binance as proxies in its war on crypto

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Imagine your daily commute to work, uninterrupted by traffic lights or stop signs, allowing you to sail smoothly. Suddenly, a new red stop sign disrupts your route, turning a main intersection into a four-way stop overnight. That evening, a letter from local law enforcement shocks you with a hefty retroactive fine for every time you passed the spot where the new sign stands today. Absurd as it seems, this analogy encapsulates the United States Securities and Exchange Commission’s approach in its lawsuits against Coinbase and Binance. The SEC throws a…

North Carolina house approves bill to study potentially holding bitcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The lower house of North Carolina’s General Assembly has approved a bill that proposes the state’s Department of State Treasurer conducts a study to assess the feasibility and potential advantages of incorporating bitcoin into the state’s holdings. The study aims to explore the potential impact of cryptocurrency and gold investments on North Carolina’s funds if a portion were allocated to these assets. A study for secure storage Titled the “State Precious Metals Depository Study,” the recently…

Apparently It’s Very Difficult to Custody Crypto

According to the FID filing, Prime Trust is unable to access “legacy wallets.” Before 2020, Prime Trust managed its customer’s crypto in its own wallets. In 2020, Prime Trust migrated customer assets to Fireblocks, an institutional custody and security firm, to have Fireblocks manage crypto assets on behalf of Prime Trust’s customers. Source