Month: September 2023

3 reasons why Bitcoin miners are selling BTC — and why it’s not capitulation

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Crypto analysts, traders and anonymous influencer Bitcoin pundits on X (formerly known as Twitter) frequently interpret what Bitcoin miners do with their block rewards as a sentiment gauge for where BTC price might go.  According to the strategy, Bitcoin miner rewards sent to exchanges foreshadows pending sell pressure on Bitcoin price and possibly reflects distress among miners. Elements of this methodology were challenged by an assortment of publicly listed Bitcoin miners at last week’s Bitmain World Digital Mining Summit in Hong Kong. Bitmain WDMS panel on Bitcoin mining and renewable…

Ether Futures ETFs Poised For October 3 Approval

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In an unexpected turn of events, Ethereum (ETH) Futures Exchange Traded Funds (ETFs) are drawing closer to fruition, potentially becoming available for trading as early as October 3, which could be a significant catalyst for ETH price. Renowned Bloomberg ETF expert Erich Balchunas recently shared insights indicating that the Securities and Exchange Commission (SEC) might expedite its approval process to avoid potential disruptions caused by a looming government shutdown. SEC Considers Fast-Tracking Ether ETFs A government shutdown, which could go into effect if Congress and President Biden fail to reach…

U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions

A lot of the day-to-day transactions from crypto investors happen only internally at the handful of major exchanges, recorded by the companies rather than on public blockchains, but this bill would call for regulated repositories to gather the data for each trade of a “digital commodity, digital asset, or digital collectible” for use by agencies including the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Source BillBitcoinCentralizedCryptocryptoexchangeExchangesHouseOffChainRecordSeeksTransactionsU.S CryptoX Portal

Valkyrie will offer exposure to Ether futures as SEC delays spot Bitcoin ETF

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Asset management firm Valkyrie will begin offering exposure to Ether (ETH) futures to United States investors through its existing Bitcoin Strategy exchange-traded fund, or ETF. A Valkyrie spokesperson told Cointelegraph on Sept. 28 that the firm’s Bitcoin (BTC) Strategy ETF will allow investors access to ETH and BTC futures “under one wrapper”, making it one of the first firms to do so amid several pending applications with the U.S. Securities and Exchange Commission (SEC). Starting on Oct. 3, the fund’s name will be updated to the Valkyrie Bitcoin and Ether…

Here’s FTX Founder Sam Bankman-Fried’s Trial Schedule

During a hearing earlier Thursday, Judge Lewis Kaplan, who is overseeing the trial, asked the prosecution and defense to estimate how long they expect their respective cases to last. Assistant U.S. Attorney Danielle Kudla said the Department of Justice estimated their case taking four to five weeks. Mark Cohen, representing Bankman-Fried, said the defense’s case was more streamlined and — if the defense chooses to present a case — they could take up to a week and a half. Source

Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow

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According to a recent FOX Business report, Valkyrie Investments has secured approval from the Securities and Exchange Commission (SEC) to launch the first exchange-traded fund (ETF) featuring Ethereum (ETH) futures.  This achievement positions Valkyrie as the frontrunner among nine issuers seeking to provide investors with an opportunity to speculate on the future price of the world’s second-largest digital asset through an ETF. Valkyrie Emerges As First Mover In Ethereum Futures ETF Race Ether, the native token of the Ethereum blockchain, currently holds a value of approximately $1,659 per token. Valkyrie…

Ripple CTO Addresses Bitcoin Adviser’s Claims That XRP Is Centralized

Ripple CTO David Schwartz has addressed claims made by El Salvador Advisor Max Keiser that the XRP token is a “centralized” cryptocurrency. Schwartz took to X (formerly Twitter) to clear the air, stating that the Bitcoin Adviser’s opinion of XRP was too ignorant to warrant a proper reciprocation.  Ripple CTO Criticizes Centralization Claims On September 24, Co-founder of Volcano Energy and Bitcoin Advisor to El Salvador’s President, Max Keiser made a controversial statement about the XRP token. In an X (formerly Twitter) post, Keiser stated that Ripple’s native token, XRP…

DAOs need to learn from Burning Man for mainstream adoption

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As they exist today, decentralized autonomous organizations (DAOs) will not scale to the masses.  Sure, shining examples like PleasrDAO, Uniswap DAO, Synthetix’s group of DAOs, and Maker DAO exist, thriving in their respective niches. Still, none of these have gotten anywhere close to being household names. Why, you might ask? Related: Cybernetic organizations — BORGs — are doomed to fail They’re too crypto. Three of these four are protocol DAOs, driving the day-to-day operations and future growth of DeFi ecosystems. The other, PleasrDAO, is a collective of well-known crypto builders,…

Back To BlockShine ☀️

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As I kid I remember reading a Donald Duck story about him being frustrated that people were different to him. In the story, he then all of a sudden multiplied to be in the city with just various versions of himself, leading everything to be a total mess. Turns out, we need different views, temperaments, skills, and cultural standpoints to make this whole planet thing work. These days, when ever you have something real to say, you are a threat to someone. We’ve lost the idea that some of our…