Month: June 2023

BlackRock nears bitcoin ETF filing, partnering with Coinbase custody

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BlackRock, the asset management company with a staggering $9 trillion under its control, is said to be on the verge of applying to a bitcoin exchange-traded fund (ETF). Insider sources have revealed that progress is being made in preparing the application. Working alongside a trusted custodian According to reports, the New York City-based investment giant is planning to partner with Coinbase Custody, a leading cryptocurrency storage and management platform.  JUST IN: $9 trillion asset manager BlackRock…

Crypto BTC Trading Volumes Drop in Q2 to Yearly Lows

In terms of individual token market share of trading volume across Q2, bitcoin has lost around 20 percentage points since its peak at the end of March. Ether outperformed bitcoin, taking a 5 percentage point increase in share of volumes. Binance’s BNB rose from 2% of volumes to over 7% in the last few days amid the Binance regulatory fear. Source

Ripple Teams Up With Colombia’s Central Bank To Explore Blockchain Opportunities

Blockchain payments technology company Ripple is set to partner with Colombia’s central bank, Banco de la República. They aim to research potential applications of blockchain technology within Colombia, a significant development in South America’s adoption of this technology. This collaboration will also involve the Ministry of Information and Communications, as they plan to test possible ways to augment the country’s high-value payment system utilizing Ripple’s Central Bank Digital Currency (CBDC) Platform. Probing Blockchain Potential For High-Value Payment System The partnership was not a spur-of-the-moment decision. According to Joe Vollono, a director…

Amy Wu, Former FTX Ventures Head, Joins Menlo Ventures

“At Menlo, Amy will make early-stage investments in technology-driven categories, including gaming, blockchain, and new consumer experiences made possible by tech shifts like generative AI. Her deep experience as both an investor and operator across a variety of consumer businesses will help her hit the ground running,” wrote Menlo Ventures partner Shawn Carolan in an announcement post. Source

Is blockchain technology ready for high-storage applications?

Web3 — the third generation of the internet — refers to a decentralized and distributed version of the web that uses blockchain technology, and other decentralized technologies, to enable greater user control, privacy and data ownership. It aims to redefine how we interact with digital services, moving from traditional centralized models to decentralized peer-to-peer networks. At its core, Web3 is built on blockchain technology, which is a distributed ledger that maintains a cryptographically-secured, continuously growing list of records called blocks. This decentralized nature enables direct peer-to-peer interactions. Web3 brings several…

Biggest US Banks Place Quiet Big Bets On Bitcoin’s Largest Corporate Holder MSTR

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Summary: BlackRock, Bank of America, and Fidelity have all massively increased their holdings of MicroStrategy stock, Bitcoin’s largest corporate holder. Buying MSTR seems to be a path to BTC exposure rather than directly buying crypto’s top coin. Canada’s sixth largest bank has also spent a considerable amount buying MicroStrategy stock in 2023. The appetite for MSTR shares comes at a time when the U.S. Securities and Exchange Commission is cracking down on crypto activity in America. Major banks and Financial Institutions in the U.S. seem to be increasing their exposure…

Crypto Exchange Bybit Taps into ChatGPT to Advance Trading Tools

ByBit is not the only crypto trading platform recognizing the potential of AI in delivering enhanced user experiences. Other leading exchanges have also explored the integration of ChatGPT into their platforms.  Leading cryptocurrency exchange Bybit is gearing up to enhance its trading services by incorporating an artificial intelligence (AI) tool into its trading platform to enhance market data analysis. In a Twitter post on June 15, Bybit unveiled the latest addition to its Tools Discovery family, dubbed “ToolsGPT”, leveraging the capabilities of the famous generative AI technology, ChatGPT, developed by…

Sweat Economy DAO votes to repurpose $10M of idle tokens

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Move-to-earn platform Sweat Economy is set to repurpose over 2 billion native $SWEAT tokens that were locked up in inactive user wallets. The tokens, valued at around $10 billion, were locked up in dormant user accounts following a token airdrop event in Sep. 2022. According to the platform, Sweatcoin users that opted into the Web3 move-to-earn’s crypto offering received $SWEAT tokens that were locked up in a 24-month lock-up contract. Users that failed to install the Sweat Wallet over the past year and claim locked tokens essentially left a sizable…