Month: September 2023

Franklin Templeton joins bid for spot Bitcoin ETF

boss

The $1.5 trillion asset manager submitted its own filing to secure regulatory approval for America’s first spot Bitcoin ETF. Franklin Templeton became the latest fund manager to declare interest in listing a spot Bitcoin exchange-traded fund (ETF) following a Sep. 12 filing with the US Securities and Exchange Commission (SEC). The financial giant with over $1.5 trillion in assets under management (AUM) asked the SEC for permission to list shares of its Franklin Bitcoin ETF on the Cboe BZX Exchange. In the Form S-1 filing, the company named the publicly-traded…

Bullish and Tribe Capital Among Suitors Vying for Bankrupt FTX Exchange

boss

FTX Group, which sought bankruptcy protection in November, is actively engaging in due diligence and sharing information with various parties to explore the possibility of an “acquisition, merger, recapitalization, or other transaction” to reestablish the company, It said in a presentation submitted to a Delaware court. In addition to Bullish, Tribe Capital has also submitted its bid. Notably, Tribe Capital was part of FTX’s venture portfolio before the exchange’s collapse and subsequent bankruptcy at the close of last year, media reports said. According to details presented in court, the exchange’s…

Petition hopes to stop US government agencies from using Chainalysis’ forensics

boss

A petition was created on Change.org on Sept. 12 to oppose the use of Chainalysis forensic services by federal agencies. The petition questioned Chainalysis’ accuracy and raised legal issues related to the activities of the blockchain data analysis firm.  The petition, started by “Stop Chainalysis,” stated that Chainalysis’ software assists law enforcement crime prevention efforts “by linking the real world to crypto payments.” It stated: “It is our belief that the use of non-scientifically proven software and alleged inaccurate methodologies to implicate individuals in the occurrence of crimes puts the…

Klaytn Foundation Aims to Deliver Positive Social Change through Financial Accessibility and Tokenization

Klaytn is expanding its offerings to focus on the tokenization of real-world assets like jewelry and real estate on its blockchain. Klaytn Foundation, the entity responsible for the enterprise blockchain platform Klaytn, has announced its intention to use blockchain technology to drive positive social change. The Foundation aims to improve financial penetration in Asia and other parts of the world by facilitating the development and deployment of new and related projects built on the Klaytn blockchain. As stated in its roadmap for 2023, Klaytn Foundation aims to become the Foundation…

Analyst Points Out Why End Of 2023 Will Not Be Great For XRP Price

boss

The XRP price enjoyed a significant rise following Judge Analisa Torres’s ruling in favor of Ripple against the US Securities and Exchange Commission (SEC). However, a crypto analyst has explained why the token is unlikely to enjoy such a similar trajectory till the year runs out. XRP Price To End 2023 On A Low In a tweet shared on his X (formerly Twitter) platform, Jungle, a prominent figure in the XRP community, stated that he doesn’t “believe the end of 2023 will be great for XRP.” However, it is not…

NYU law professors argue ‘personal growth bets’ using smart contracts should be legal

boss

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…

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

Bitcoin data highlights 3 key reasons why investors don’t care about BTC price

boss

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,…