New York University School of Law professors Max Raskin and Jack Millman recently published a paper in the Journal on Emerging Technologies discussing the legalities surrounding the use of blockchain-based smart contracts for the purpose of “personal growth bets.” According to the duo, personal growth bets are single-party contracts that people would engage in with themselves. The purpose of these contracts would generally be for the purpose of self-improvement — to either start or stop a certain act during a given period of time or by a certain date. The…
Day: September 12, 2023
Gensler’s SEC Hearing Shows Key U.S. Senate Democrat Brown Digging in Heels on Crypto
“The problems we saw at FTX are everywhere in crypto – the failure to provide real disclosure, the conflicts of interest, the risky bets with customer money that was supposed to be safe,” said Brown, the Senate Banking Committee’s chairman, whose committee will probably have to agree to any crypto legislation to provide the industry a regulatory framework. “FTX was just the biggest and the ugliest.” Source
Crypto Price Whipsaw Triggers $256M in Liquidation Losses
This week’s quick plunge and rebound in cryptocurrency prices triggered $256 million in liquidation losses, Coinglass data shows. Source
Bitcoin data highlights 3 key reasons why investors don’t care about BTC price
Much has been made of Bitcoin’s (BTC) poor price action as of late, with many analysts making the case for further bearish momentum in the weeks ahead. Yet it wasn’t too long ago that many investors and crypto pundits were raving about some note-worthy fundamental metrics that were, and continue to be, quite bullish. Let’s take a look at three Bitcoin metrics that bulls might keep in mind. Bitcoin’s hashrate hovers near a record high Bitcoin’s hashrate, a metric which shows the amount of computing power dedicated to mining BTC,…
Market Awaits News on Inflation and Crypto ETFs – Blockchain News, Opinion, TV and Jobs
By Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ). Bitcoin (BTC) closed last week around $25,850, a 0.5% decrease in price from its previous week’s closing price of $26,000. The market keeps following the trend of low volumes and volatility observed in this Q3. In the last 11 weeks, the BTC price fluctuated by less than 0.75% in 8 weeks. Low volatility is confirmed looking at the annualised volatility of BTC on a 30-day basis, which remains at one of the lowest levels ever recorded,…
Namesake of Ethereum's 'Danksharding' Says 'Data Availability' Too Confusing a Term
The Ethereum Foundation’s Dankrad Feist says he thinks a lot of people are stumped by the term “data availability,” even as the concept gains momentum in blockchain tech circles. Source
CoinEx exchange suspected of being hacked as $27M worth of crypto moved
On Sept. 12, crypto exchange CoinEx experienced abnormally large outflows to an address with no prior history, leading security experts to suspect the exchange was hacked. Blockchain security platform Cyvers Alerts has estimated the losses to be approximately $27 million. Red CodeOur AI-powered model detected suspicious transactions related to @coinexcom 2 hours ago The potentially stolen funds amount to $18.12M #Eth $8.5M #Tron and $291K in #Polygon Possible causes: access control violations, private key leakage, rug pulling, insider job https://t.co/Wzw84azM9M pic.twitter.com/2bqHmE18Sr — Cyvers Alerts (@CyversAlerts) September 12, 2023 At approximately…
Franklin Templeton Aims High with Spot Bitcoin ETF Application
Financial giant Franklin Templeton has applied to the SEC for approval to launch a Bitcoin exchange-traded fund (ETF) named the Franklin Bitcoin ETF, with Coinbase as the custodian and trading on the Cboe BZX Exchange. Asset manager Franklin Templeton, a financial giant managing over $1.4 trillion on behalf of its clients, has submitted an application to the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). According to the filed application, the ETF would be named the Franklin Bitcoin ETF, with custody entrusted to Coinbase Custody…
Coinbase (COIN) Paves Way for Big Institutions to Do More With Crypto, Web3, DeFi, NFTs
“More and more, we’re seeing corporations who want to participate on-chain in some way, whether that’s by doing an NFT drop, or, in some cases, even voting in DAOs,” Kevin Johnson, vice president of institutional sales and trading at Coinbase, said Tuesday on CoinDesk TV. “But they need a safe way to do that.” Source
Arm Holdings AI Solution: Different Proposition from Nvidia
Arm’s processors are already playing a significant role in AI workloads, particularly in smartphones. As investors eagerly await the Initial Public Offering (IPO) from Arm Holdings Ltd, the semiconductor industry is basking in the glow of the Artificial Intelligence (AI) boom, exemplified by Nvidia Corp (NASDAQ: NVDA) which has printed a staggering 200% rally this year. However, a recent report from CNBC highlighted that Arm’s proposition differs significantly from Nvidia’s in terms of its business model and growth drivers. Arm Holdings IPO Ambitions British semiconductor and software design company Arm…