Day: October 23, 2023

6 Questions for Adelle Nazarian on crypto, journalism and Bitcoin

boss

Adelle Nazarian is the top staffer at the American Blockchain PAC, where she serves as its CEO. But she has a long story to tell about her life prior to her time in the crypto industry — from her Persian roots to her career in journalism. Nazarian, who worked as a freelance journalist after serving in positions with mainstream outlets that included Fox News and CNN, said her work contributed to her disillusionment with the media. “Working in journalism was really eye-opening for me because I witnessed how divisive and…

Bit Digital diversifies crypto mining business with major AI expansion

Bit Digital is extending its crypto mining operations into the AI sector, signing a pivotal GPU rental contract and investing $35 million in high-performance computing hardware. New York-based digital asset and cloud computing firm Bit Digital is diversifying its portfolio by launching a new business vertical called Bit Digital AI. This move marks a concerted effort by the company to diversify its traditional crypto mining operations. To kickstart its AI venture, Bit Digital inked a binding term sheet with a well-capitalized customer in the AI sector. As per the agreement,…

Chainlink (LINK) Price Tops $10 Amid Profit-Taking Signal From Rising Inflows to Crypto Exchanges, Blockchain Data Suggests

The token’s price rallied about 9% in the past 24 hours, hitting $11 after trading sideways within roughly $5 and $9 range since May 2022. It has since given up some of its gains but has still managed to advance 43% over the past month, making it one of the best gainers among the large-cap digital assets, CoinDesk data shows. Source link

Bitcoin price trades near key $31.7K pivot point — Can BTC bulls keep up the volume?

Bitcoin (BTC) price pushed above the $31,000 mark on Oct. 23, notching a near 4-month high last seen when BTC price traded at $31,800.  The fresh upside push comes as analysts and investors express their excitement over new developments which could point to the impending launch of a spot Bitcoin ETF. So two things caught my eye from the latest iShares (Blackrock) S-1 amendment:– They’ve obtained a CUSIP in prep for a launch– They may be looking to seed with cash this month (which is earlier than I would’ve thought,…

EY Insider Reveals Demand From Wall Street Titans

boss

Paul Brody, a prominent figure in the blockchain community and the Global Blockchain Leader at Ernst & Young (EY), recently shed light on the burgeoning demand for crypto, with Bitcoin taking the limelight. Earlier today, during a CNBC interview, Brody emphasized the heightened interest, particularly from family offices. Family Offices Lead The Charge According to Brody, family offices, which typically manage the vast wealth of affluent families, are increasingly diversifying their portfolios with cryptocurrencies. This is not entirely surprising, given the meteoric rise of Bitcoin and its potential as a…

BlackRock’s spot Bitcoin ETF now listed on Nasdaq trade clearing firm — Bloomberg analyst

boss

The iShares spot Bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), suggesting potential approval by the United States Securities and Exchange Commission. In an Oct. 23 X (formerly Twitter) thread, Bloomberg ETF analyst Eric Balchunas said the DTCC listing was “all part of the process” of bringing a crypto ETF to market. The iShares spot Bitcoin (BTC) ETF has a ticker symbol of IBTC for a possible listing on the Nasdaq stock exchange, which applied to list and…

BlackRock spot Bitcoin ETF added to NASDAQ’s clearing agency

boss

BlackRock’s iShares Bitcoin Trust has been listed on the Depository Trust and Clearing Corporation (DTCC) amid staunch demand for an ETF within the crypto industry and broader financial markets. The addition, although routine, highlights progress made with bringing a spot Bitcoin (BTC) ETF to U.S. markets for the first time. DTCC is the clearing house for NASDAQ trading according to ETF expert Eric Balchunas. Additionally, the listing on DTCC confirmed that BlackRock’s BTC fund will trade under the ticker IBTC. It is also the first spot Bitcoin ETF out of…

New data poisoning tool would punish AI for scraping art without permission

boss

Researchers at the University of Chicago have developed a tool that gives artists the ability to “poison” their digital art in order to stop developers from training artificial intelligence (AI) systems on their work.  Called “Nightshade,” after the family of plants, some of which are known for their poisonous berries, the tool modifies images in such a way that their inclusion contaminates the datasets used to train AI with incorrect information. According to a report from MIT’s Technology Review, Nightshade changes the pixels of a digital image in order to…

Lower-middle income countries lead in crypto adoption, but not volume: Chainalysis

boss

India leads the world in crypto adoption, followed by Nigeria and Vietnam, according to a new Chainalysis report. Nonetheless, North America accounts for nearly a quarter of all value received by cryptocurrency exchanges, with the United States leading by far. To calculate adoption, Chainalysis used web traffic data from 13 billion web visits to track five categories of activity, weighted by purchasing power parity per capita. That is, “if two countries received equal amounts of cryptocurrency at centralized services, the country with lower PPP per capita would rank ahead.” That…

Lawyer suggests Bitcoin ETF approval expected by end of the year

boss

In response to Commissioner Hester Peirce’s expression of confusion about the rationale behind the SEC’s failure to greenlight a Bitcoin ETF, John E Deaton, a lawyer at Crypto-Law US, shares what this means for the public. One of the outcomes is the possibility that approval would occur before the end of the year, or at the latest, by the close of the first quarter of 2024. An important factor In her response, Commissioner Hester Peirce expressed uncertainty regarding the SEC’s timeline for approving a spot BTC fund. Peirce, a staunch…