Day: August 16, 2023

Vitalik Buterin calls X’s Community Notes an example of ‘crypto values’

boss

Ethereum co-founder Vitalik Buterin has offered an analysis of the Community Notes tool from X — formerly Twitter — comparing the feature to an example of “crypto values” on social media.  In an Aug. 16 post on his personal website, Buterin said that given X’s Community Notes were shown or not shown based “entirely by an open source algorithm,” the platform tool was “the closest thing to an instantiation of ‘crypto values’ that we have seen in the mainstream world.” Community Notes, a Twitter feature launched in the U.S. as…

Executives Of Crypto-Friendly Bank Silvergate Step Down As Lawsuits, Liquidation Rages On

boss

In a recent turn of events, multiple executives of the embattled California-based cryptocurrency bank Silvergate Capital have announced that they will be stepping away from their roles at the bank. The announcement comes as the bank remains deep in the throes of liquidation while battling multiple lawsuits linked to its demise. Top Executives Set to Step Down Silvergate Capital Corp announced on Tuesday, August 16, the departure of some of its primary employees working in executive leadership positions in its company. The executives leaving include Chief Financial Officer, Antonia Martino,…

Valkyrie files for Ether futures ETF with the SEC

boss

Asset management firm Valkyrie has filed for an Ether (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission. According to Aug. 16 documents, the application is an addition to the company’s previous move to change its investment strategy for a Bitcoin (BTC) futures ETF in line with the regulator.  As per the application, the fund will not directly invest in Ether but will seek to purchase a number of ETH futures contracts. Ether is the native coin of the Ethereum blockchain, used for peer-to-peer transactions within…

Why People Are Bullish on Crypto Again

Then again, there’s practically a cottage industry of people who’ve made it their business to count all the times Bitcoin or crypto supposedly died. And, as sure as we are the sun will rise tomorrow, Bitcoin will likely keep adding blocks to the chain. That’s induction, baby! Source

Bitcoin & Top Assets See High Loss Taking, Is This Bullish?

boss

On-chain data shows Bitcoin and the other top assets are observing a high amount of loss-taking currently. Here’s what this could mean. Investors Of Bitcoin & Other Top Coins Are Capitulating Currently According to data from the on-chain analytics firm Santiment, the current trader capitulation that the largest assets in the market are seeing may be a bottom signal. The indicator of interest here is the “ratio of daily on-chain transaction volume in profit to loss,” which, as its name already implies, tells us how the profit-taking volume for any…

Bitcoin (BTC) Price Trickles to $29K as Altcoins XRP, SOL, MATIC, DOGE Tumble

boss

“Current price action is marked by unusually low volatility, low levels of leverage and speculative activity,” Matthew Sigel, head of digital asset research at investment manager VanEck, said in an interview with CoinDesk TV. “Falling volatility has been a trend for much of the past year despite the extreme events which led to the bankruptcy of every major crypto lender.” Original

BlackRock’s Bitcoin ETF Sparks Institutional Interest: Lessons from Canada’s Success

boss

Some crypto investors will always distrust not directly controlling their coins. But the reality is that in Canada, strict regulatory oversight has forced fund providers to operate transparently and adhere to an operational framework that makes the potential for asset commingling, hacks and fraud extremely difficult. To date, investors who have bought units of Canadian spot bitcoin ETFs have never had their assets hacked or had their funds lost through malpractice or poor balance sheet management, which cannot be said for the millions of investors who trusted their assets with…

Is An XRP Spot ETF Coming To The US Soon? Bloomberg Analyst Answers

boss

Ripple has continued to revel in the glow of Judge Analisa Torres’ ruling in favor of the crypto company, with many use cases being touted for its native token XRP. The most recent use case to surface is a Spot XRP ETF, and Bloomberg analyst James Seyffart has quickly weighed in on the possibility of this happening.  How Possible Is A Spot XRP ETF? Seyffart, during an appearance on Tony Edward’s Thinking Crypto Podcast, explained that XRP would need to be listed on the Chicago Mercantile Exchange (CME) before the…