Day: September 5, 2023

Deribit Sees 17% Growth in Crypto Derivatives Trading Volume in August, Led by Options

“The resilience can be attributed to the strong performance of our options segment. Notably, ETH options recorded their highest volumes since March of this year. Meanwhile, BTC continues to show strength, initially buoyed by its use as a banking system hedge in March and now further invigorated by the upcoming ETF decision,” Luuk Strijers, chief commercial officer at Deribit, told CryptoX. Source AugustCryptoDeribitDerivativesgrowthLedoptionsSeesTradingVolume CryptoX Portal

Whales Accumulate Bitcoin (BTC), But It’s Not BlackRock

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The Bitcoin price currently remains in a vulnerable position. Meanwhile, recent on-chain data suggests that Bitcoin whales are accumulating, but contrary to popular rumors, BlackRock isn’t among them. Meanwhile, analysts are divided on whether the worst is behind for Bitcoin’s price. Whales Accumulate Bitcoin, But It’s Not BlackRock On-chain analyst James V. Straten recently highlighted a trend in the accumulation score by cohort chart. He remarked, “Seems like peak Bitcoin distribution is behind us, as we can see a slight tick-up in accumulation. This is the most aggressive accumulation since…

Cronos Labs begins recruitment phase for $100M accelerator program

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Web3 startup accelerator Cronos Labs has launched the third cohort of its accelerator program, which aims to support early-stage projects by providing funding opportunities and mentorship. The scheme is backed by $100 million in investment that will be used to support crypto startups. In an announcement sent to Cointelegraph, Cronos Labs highlighted that the accelerator’s goal is to nurture startups that have the potential to “shape the future of Web3.” Furthermore, Cronos is looking for projects that focus on creating practical use cases that can push the adoption of decentralized…

Legal Scholar Christine Kim Advocates Immediate Taxation in Metaverse

Kim is advocating for a shift in strategy, proposing immediate taxation of all forms of income and assets within the metaverse. Christine Kim, a legal scholar and professor of law, in a recently published research paper has expressed concern about the possibility of tax evasion in the metaverse and has urged the relevant authorities to put in place the necessary structures. She claims that the digital space has the potential to become a tax haven, allowing people to avoid their tax obligations. Kim believes that the current taxation system in…

Casio to Welcome Community Contribution in Creating Virtual G-SHOCK NFTs on Polygon

Casio will launch a virtual G-SHOCK campaign designed by members of the company’s community, with the roadmap beginning this month. Japanese multinational electronics company Casio is bringing its signature G-SHOCK watch brand to the metaverse. These virtual G-SHOCKS will launch on Polygon, the Layer-2 network for scaling Ethereum. Casio intends to launch the virtual G-SHOCK NFTs via a community process that will accommodate multiple collaborators. The roadmap begins with a collection of 15,000 NFT-based G-SHOCK creator passes that users can claim from Saturday, September 23. Claimants will then have access to a…

Crypto Exchange Bitfinex Reports Holding Bitcoin on Its Balance Sheet

Along with holding Bitcoins on its balance sheet, Bitfinex also supports Bitcoin Layer 2 networks, such as the Lightning Network and the Liquid Network. Similar to some of the big corporates, crypto exchange Bitfinex announced that it’s holding Bitcoins on its balance sheet. Bitfinex has a longstanding practice of retaining a portion of its trading fee revenue in Bitcoin. This serves as a testament to its enduring commitment to the world’s first and largest cryptocurrency. However, an unnamed source told The Block that the exchange declined to comment on its…

Meta Working on Apple Pro Competitor in Partnership with LG

The upcoming Meta Quest 4 Pro shall feature LG Electronics, and LG Display, with LG Innotek and LG Energy Solution supplying parts. Earlier this year, tech giant Apple unveiled the Apple Vision Pro giving a glimpse into the company’s upcoming mixed-reality headset. It seems that Facebook-parent Meta has already started working on a challenger to Apple’s Vision Pro. For this, Meta has reportedly joined hands with South Korean tech giant LG. Together they plan to release the successor to the high-end Quest Pro virtual reality headset in 2025. According to…

Cronos Labs Launches $100M Accelerator Program to Foster AI and Blockchain Innovation

Coinciding with the commencement of Korea Blockchain Week, the recruitment phase of the program began on September 4th. Renowned blockchain network developer Cronos Labs has embarked on an ambitious journey with the launch of its third accelerator program. This unique initiative, backed by an impressive $100 million investment, is dedicated to supporting startups operating at the exciting intersection of Artificial Intelligence (AI) and blockchain. Cronos Labs Seeking Eight Lucky Startups in Accelerator Program One of the most exciting aspects of Cronos Labs’ accelerator program is the opportunity it presents to…