Day: September 13, 2023

Nasdaq’s Hashdex mixed Ether ETF filing joins crypto ETF race

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The Nasdaq stock exchange has submitted an application to the Securities and Exchange Commission (SEC) seeking approval to list an Ethereum Exchange-Traded Fund (ETF) offered by Hashdex, an asset management company. This ETF is designed to include a combination of spot ether holdings and futures contracts in its portfolio and pioneering a new approach to cryptocurrency investment within the regulatory framework.  Known as the Hashdex Nasdaq Ethereum ETF, this investment fund is the first ’33 Act Ethereum futures filing of futures Ethereum under the ‘33 Act and is overseen and…

Hayes Predicts Early 2024 Crypto Bull Run, Ascent Of Filecoin

On September 13th, Arthur Hayes, co-founder and former CEO of BitMEX, delivered a comprehensive analysis of the crypto landscape at Token2049 in Singapore. His insights, which spanned from macroeconomic trends to the intricate dynamics of AI, culminated in a bullish prediction for Filecoin, a decentralized storage solution in the crypto domain. Why The Bitcoin And Crypto Bull Could Start Early 2024 Hayes began by dissecting the symbiotic relationship between debt, AI, and the intrinsic value of Bitcoin and cryptocurrencies. Historically, he noted, crypto bull markets have been propelled either by…

SEC Chair Gary Gensler Confirms Agency Taps on AI to Enhance Financial Surveillance

The SEC Chair requested Congress for more funding this fiscal year to enhance and match emerging technologies like blockchain and artificial intelligence. On Tuesday, the Chairman of the United States Securities and Exchange Commission (SEC) Gary Gensler testified before the Senate Banking Committee at the Capitol building. During the hearing, Gensler was grilled on the measures the agency has put in place to protect investors from financial malpractices. At one point, senior United States Democratic senator representing Nevada, Catherine Marie Cortez Masto, asked Gensler how the agency is tapping into…

Oracle (ORCL) Stock Suffers Biggest Decline in 21 Years, Here’s What Happened

Tuesday’s stock drop has not affected the performance of Oracle shares in an overall sense. Software maker Oracle Corp (NYSE: ORCL) stock fell 12% on Tuesday, marking its biggest such dip since March 2002 when it recorded a percentage drop of 15%. The Tuesday drop, however, may be attributed to the company issuing relatively weak revenue guidance. According to LSEG, Oracle reported a fiscal first-quarter revenue of $12.45 billion, which is slightly in variance from the $12.47 billion average analyst estimate. Also, for the current quarter, Oracle is projecting that…

OneCoin Co-founder Greenwood Sentenced to 20 Years in Prison as L.E Hunts Cryptoqueen

Karl Sebastian Greenwood pleaded guilty on December 16, 2022, to operating a multi-billion cryptocurrency pyramid scheme dubbed OneCoin. In a bid to send a strong message to the cryptocurrency community around the world, Damian Williams, the United States Attorney for the southern district of New York, announced on Tuesday that Karl Sebastian Greenwood, a co-founder of the OneCoin project with Ruja Ignatova (cryptoqueen), has been sentenced to a 20-year prison term. According to the announcement, the sentencing was issued by US District Judge Edgardo Ramos. Notably, Greenwood is said to…

Coinbase to integrate Bitcoin Lightning network: CEO Brian Armstrong

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Crypto exchange Coinbase has confirmed its decision to integrate layer 2 payment protocol Lightning Network as users seek faster and cheaper Bitcoin (BTC) transactions.  Lighting Network (LN) was created to help solve Bitcoin’s scalability problem and to compete against newer cryptocurrency projects that promised comparatively faster and cheaper transactions.  Up until recently, major crypto exchanges, including Coinbase and Binance, revealed no intent to adopt the layer 2 solution as many community members argued that NL integration offered fewer incentives for exchanges’ income. The team did a great job digging into…

Ankr to Introduce Sei Blockchain RPC Connection

Ankr has revealed plans to augment its RPC service by integrating with the Sei blockchain. This development aims to facilitate developers keen on leveraging the Sei platform for the creation of swift and scalable decentralized applications (dApps). The integration will enable users to access both Sei Public and Premium RPCs, allowing them to make request calls and receive responses akin to those from a Sei full node. Sei’s Position in the Blockchain Space Sei aspires to lead as the swiftest layer-1 blockchain, a feat achieved through its “Twin-Turbo” consensus mechanism.…

Beyond XRP $0.5 Resistance: Bulls’ Next Steps

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XRP, the cryptocurrency associated with the Ripple platform, has experienced a tumultuous ride in recent weeks. The price action of XRP showed that the bears were firmly in control, extinguishing the brief euphoria that followed Ripple’s legal triumph over the United States Securities and Exchange Commission.  At the pinnacle of Ripple’s legal victory, XRP surged above the $0.80 mark, a level unseen since April 2022. However, this jubilation was short-lived. The excitement fizzled out as XRP’s value nosedived, erasing its gains and plunging it back into bearish territory. The abrupt…