Day: October 22, 2023

Base launches boot camp to train blockchain developers

Coinbase’s layer-2 (L2) network, Base, has launched an eight-week training course to turn traditional software developers into blockchain developers. The Base network, part of the broader Coinbase ecosystem, has announced the launch of Base Bootcamp. It is an intensive, eight-week program designed to turn traditional software developers into proficient, smart contract developers.  Introducing Base Bootcamp, an eight-week program designed to turn experienced developers into smart contract developers Base Bootcamp will make learning interactive and collaborative, with support from experienced engineers and dedicated mentorshttps://t.co/gecI1FMpzT — Base 🛡️ (@BuildOnBase) October 20, 2023…

Bitcoin price cracks $30K, possibly clearing a path for SOL, LINK, AAVE and STX

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Bitcoin (BTC) had a good week with prices rising about 10% to reach the psychologically important level of $30,000. After the rally, the question troubling investors is whether the uptrend will continue or is time for a reversal to happen. Trading team Stockmoney Lizards recently said that Bitcoin may soon break above its overhead resistance and start a sharp rally. They believe the approval for the exchange-traded fund will drive mass adoption and trigger the rally before the halving due in April 2024. Crypto market data daily view. Source: Coin360…

Michael Saylor’s MicroStrategy enjoys Bitcoin surge

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MicroStrategy, led by Michael Saylor, is now reaping the rewards of its $4.68 billion Bitcoin (BTC) investment. The Tysons, Virginia-based company now enjoys a profit of $343 per BTC, thanks to the recent surge in the orange coin’s price. MicroStrategy’s Bitcoin bet paying off MicroStrategy’s impressive journey into the super-volatile world of Bitcoin investment is now yielding dividends, thanks to the latest Bitcoin price increase. With a calculated and strategic approach, the company is not only profitable but also looking to expand further. MicroStrategy’s story starts with its initial Bitcoin…

Sam Bankman-Fried trial moves to final stages

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Sam Bankman-Fried’s trial is reaching its final stages over the next few days, with the prosecution scheduled to rest their case on Oct. 26 following the examination of almost 20 testimonies in the case. The prosecution presented a lineup of witnesses over the past three weeks, including former FTX employees, customers, investors, government officials, and law enforcement agents. At the heart of the case is the central argument that Bankman-Fried intentionally deceived all of them and that he was behind the decisions resulting in the $8 billion gap between FTX…

Coinbase optimistic about US approval of Bitcoin ETF

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Coinbase chief legal officer Paul Grewal has expressed optimism that the U.S. Securities and Exchange Commission (SEC) will soon approve a Bitcoin exchange-traded fund (ETF). Grewal told CNBC that he is confident in the approval of a U.S. Bitcoin ETF from the SEC “in short order.” Grewal’s assertion comes after a big court decision that found the SEC had no grounds to deny asset management firm Grayscale its application to turn its GBTC Bitcoin (BTC)fund into an exchange-traded fund. Additionally, the regulator opted not to appeal the court’s ruling, sparking…

SEC drops charges against Ripple, crypto exchanges address Israel-Hamas war, Bitcoin crosses $30K

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This week, U.S. regulators dropped charges against Ripple’s executives; Coinbase addresses Hamas’ use of crypto; Bitcoin crosses $30,000 amid discussions surrounding spot ETFs. SEC waves the white flag This week, the U.S. Securities and Exchange Commission (SEC) dropped its charges against Ripple’s executives Brad Garlinghouse and Chris Larsen. However, court documents confirmed that this dismissal does not signify the conclusion of the SEC’s case against Ripple.  Both parties are actively engaged in negotiations to address Ripple’s alleged violations related to its Institutional Sales of XRP. They have established a deadline…

New SHIB-Based Token On The Way? Update

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The Shiba Inu ecosystem is one of the fastest growing communities in the crypto industry. The meme cryptocurrency has come a long way in a short time with lots of tokens and updates to its ecosystem, but it certainly still has a long way to go. In a recent not-so-surprise announcement, a core member of the Shiba Inu team hinted that a new stablecoin called Shi may be in the works. If the rumors are true, this could be huge news for SHIB holders and open up a whole new…

Investors must be ready for the power of asset tokenization

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. While it remains a relatively new concept, asset tokenization is being deemed as one of the most compelling applications of blockchain technology amongst experts. Backed by benefits like greater portability, improved security, increased efficiencies, and fractionalization, asset tokenization has massive potential and is becoming impossible to ignore. It is transforming finance with enhanced security and liquidity. Not to mention, there is a less obvious benefit here, which…

Bitcoin Critic Kicks Against Spot ETF Hype, Predicts Low Institutional Investment

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The price of Bitcoin (BTC) moved above $30,000 in the last few hours, according to data from CoinMarketCap. However, as with multiple instances in the past week, the crypto market leader was unable to sustain its bullish momentum, dipping by 0.6% in the last hour. As the BTC market continues its battle against the $30,000 resistance zone, Bitcoin critic and gold advocate Peter Schiff has weighed in on the ongoing discourse surrounding the potential effects of the approval of a spot Bitcoin exchange-traded fund (ETF). Bitcoin ETF Will Not Boost Institutional…

Bitcoin is rising again. Why Warren Buffett remains a crypto hater

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Cryptocurrencies are on the rise again, helped by optimism surrounding the possible introduction of a spot bitcoin ETF. But no matter how strong this rally gets, it won’t convince one of the industry’s biggest critics — Warren Buffett. Bitcoin surged 10% over the past week, at one point briefly topping $30,000, as hopes grew that a spot bitcoin ETF will soon be approved. The idea among boosters is that such a vehicle would further legitimize the digital token and attract a wave of investment dollars, pushing the price of bitcoin…