Day: August 24, 2023

Crypto Exchange Coinbase $COIN Releases Framework For Decentralizing ‘Base’ Blockchain

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Coinbase to delist six altcoins, including OOKI and VGX

Coinbase, the leading US digital asset trading platform, will suspend trading of six cryptocurrencies as part of its regular internal review. On Aug. 23, Coinbase disclosed on X (formerly known as Twitter) that it will delist BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), and Voyager (VGX). We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), & Voyager (VGX) on September 6, 2023,…

Advisors’ Fiduciary Duties Amid Evolving Regulatory Landscape

The ultimate proof of the mainstreaming of cryptocurrency as an investable asset class is the approval of regulated products and services. The first crypto fund prospectus accepted by a North American securities regulatory authority was in 2019, when the Ontario Securities Commission approved a bitcoin ETF managed by 3iQ, a Canadian leader in cryptocurrency investment. In July of 2023, the U.S. Securities and Exchange Commission announced that it has accepted applications to create spot bitcoin exchange-traded funds from six firms, including BlackRock, Bitwise, VanEck, WisdomTree, Fidelity and Invesco. Crypto can…

Is the SEC a bad cop? CoinRoutes CEO Dave Weisberger breaks down crypto regulation in the US

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On Episode 27 of Hashing It Out, CoinRoutes CEO Dave Weisberger joins host Elisha Owusu Akyaw (also known as GhCryptoGuy) to discuss the current state of cryptocurrency regulation in the United States. Weisberger explains how the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) approach regulations and what they mean for the fast-evolving cryptocurrency space. Weisberger addresses the state of regulation at the start of the podcast. According to him, the problem in the United States stems from a lack of clear regulations and rules, leading…

5 ChatGPT prompts for web developers

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In the fast-paced world of web development, innovation often arises from exploring new tools that push boundaries and revolutionize workflows. Enter ChatGPT, the AI-powered language model that’s rapidly becoming a dynamic addition to developers’ arsenals.  But what happens when the realms of web development and the complexities of the crypto universe collide? This article will delve into five captivating ChatGPT prompts tailored for web developers navigating the crypto landscape. Get ready to unlock a new realm of possibilities that seamlessly blend technology and finance. Building a cryptocurrency price tracker Imagine…

Terra Classic Price Near-Term Advance

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Terra Luna Classic (LUNC) has embarked on a six-month journey marked by a consistent downtrend, largely influenced by the gravitational pull of a so-called descending channel pattern. This pattern, characterized by successive lower highs and lows, mirrors an active market sentiment favoring sales during attempts at bullish rebounds. Mid-August proved to be a pivotal juncture for LUNC as aggressive selling surged, triggering a precipitous plunge from $0.0000658 to $0.0000523. This swift and significant 34% drop led to a critical retest of the support trendline intrinsic to the falling channel pattern. …

FTX engages Galaxy Digital to oversee, sell, and hedge its crypto assets

Bankrupt exchange FTX wants to hire Mike Novogratz’s Galaxy to assist with selling, staking, and hedging its crypto assets. The proposed agreement would see Galaxy managing and trading certain digital assets owned by FTX to convert them into fiat currency or stablecoins. Additionally, Galaxy would be responsible for hedging FTX’s exposure to volatile cryptocurrencies such as Bitcoin (BTC) and Ether (ETH). Galaxy’s compensation would consist of a monthly management fee divided into a hedging fee based on the average net asset value of the assets being hedged and a liquidation fee calculated…

Here’s Why This Crypto Expert Believes Ethereum Is The ‘Biggest Block’ Against Bitcoin Adoption

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Crypto expert and author of Civ Kit, an app that lets users build their decentralized marketplace, Ray Youssef,  has recently taken to his X (formerly known as Twitter) account to share his stance on Ethereum and its impact on Bitcoin adoption. Youssef’s remarks on Ethereum’s influence over Bitcoin’s growth trajectory were both striking and laden with implications for the future. Ethereum’s Challenge To Bitcoin Growth On August 23, Ray Youssef who is also a founder of the Built With Bitcoin Foundation, expressed his view that Ethereum, despite its shared objectives…