Day: November 3, 2023

ProShares Goes Short On Ethereum With New ETF Launch

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ProShares, one of the biggest issuers of exchange-traded funds (ETFs), has added another Ethereum-related ETF to its growing offerings following the launch of the “world’s first Short Ether-Linked ETF” on November 2.  ProShares Short Ethereum Strategy ETF In its announcement, the asset manager mentioned that the ProShares Short Ether Strategy ETF trading under the ticker ‘SETH’ will provide an avenue for investors to profit from declines in the price of the second largest cryptocurrency, Ether.  With the launch of this Ethereum investment vehicle, the company believes that its clients have…

Coin98 Debuts Decentralized App Store on NEAR’s Blockchain Operating System

Coin98, a multichain wallet and decentralized finance (DeFi) platform, has unveiled a decentralized application (dapp) store powered by the NEAR Blockchain Operating System (B.O.S), marking a pivotal move towards providing streamlined access to prominent Layer-2 (L2) ecosystems. This development was disclosed on November 2, 2023, in a press release by the NEAR Foundation. Platform Integration The integration of NEAR’s B.O.S technology in Coin98’s offering enables over 7 million users across 170 countries to interact with a user-friendly dapp store interface. Through this interface, users can effortlessly explore top bridging and…

Michael Saylor Says Bitcoin Will 10x from Unprecedented Demand amid Institutional Involvement

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According to Michael Saylor, Bitcoin will pump significantly after the SEC approves a spot ETF and demand for the king coin spikes. MicroStrategy Inc (NASDAQ: MSTR) Executive Chairman and Co-Founder Michael Saylor recently said he believes that Bitcoin will spike in an unprecedented way. Saylor, a popular Bitcoin bull, reiterated his support for the world’s largest cryptocurrency by market cap. Saylor’s prediction has it that the king coin will 10x. His argument is a series of Bitcoin events, including the upcoming halving expected in April next year. The halving is a network event…

Expert Eyes 1,500% Rally Signal From Past

Crypto analyst Egrag recently delved into the XRP price charts and spotlighted signs that suggest a possible rally of more than 1,500% is on the horizon. The focus of this analysis is the ASO (Average Sentiment Oscillator), a metric that traders employ to determine market sentiment. XRP Price Rally Of 1,500%+ Ahead? Egrag’s monthly XRP/USD chart showcases the convergence of the blue line, symbolizing bulls, and the red line, representing bears. A month ago, Egrag had marked a yellow box on his chart, predicting the bullish crossover to take place…

Ripple to power Georgia’s central bank digital currency, the digital lari

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The National Bank of Georgia (NBG) has selected blockchain payments network Ripple Labs as the official technology partner for developing digital lari, its central bank digital currency (CBDC) project. Ripple said in a  statement that the partnership will encompass the implementation and deployment of the Digital Lari pilot initiative through the Ripple CBDC Platform. The National Bank of Georgia will utilize this innovative CBDC platform to evaluate potential applications of the Digital Lari, determining its advantages to the government sector, enterprises, and individual retail users. Before being designated as NBG’s technology partner, Ripple…

‘We were worried about ecosystem startups’ — Solana co-founder on FTX collapse

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The infamous collapse of FTX sent shockwaves through the broader cryptocurrency space in 2022, but the Solana ecosystem was particularly hard hit in the fallout. Speaking exclusively to Cointelegraph at the latest edition of the Solana Breakpoint conference hosted in Amsterdam, Solana co-founder and Solana Labs CEO Anatoly Yakovenko recalls his concern for several projects that were building on the layer-1 smart contract blockchain protocol. “I was more worried about the ecosystem of startups; we didn’t know how exposed teams were,” Yakovenko explained. Solana’s native token, SOL (SOL), saw a…

Chelsea Manning-backed Nym releases privacy-first VPN powered by blockchain

Nym Technologies, the privacy infrastructure project with backing from a16z and Chelsea Manning, shares the release of its decentraized VPN for Q1 2024, which is said to disperse user traffic across a network of nodes. Alongside this launch, the project is also releasing the VPN’s lightpaper, providing insights into the solution’s privacy mechanism. Enhancing online privacy In a Nov. 2 announcement shared with crypto.news, the contrast is highlighted between conventional centralized VPN services that channel data through a single server and the NymVPN, which employs a decentralized approach, distributing user…

Solana Bulls Charging – Could $50 Be Just Around The Corner?

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FOR UPDATE… Solana has demonstrated remarkable resilience on its bullish trajectory, despite experiencing minor setbacks in the 24-hour timeframe. Recent on-chain data reveals the altcoin concluded the month of October with an impressive 62% gain.  This surge in performance has garnered substantial attention, with Santiment reporting a growing Solana social dominance. According to their data, nearly 2% of all discussions concerning the top 100 assets are now related to SOL. This increasing chatter around the altcoin suggests a notable uptick in interest and optimism, aligning closely with its rising price.…

Wadzpay receives approval from Dubai’s Virtual Assets Regulatory Authority

In a press release dated Oct 31., WadzPay, a technology provider that facilitates virtual asset-based payments has shared the news that they have initial approval from Duba’s Virtual Assets Regulatory Authority (VARA), the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities. This approval brings WadzPay one step closer to receiving the Virtual Asset Service Provider (VASP) License. An immense honor With this approval, WadzPay will not be in a place to continue preparations for the provision of virtual asset services under the VASP License for…

SEC seeks summary judgment in Do Kwon and Terraform Labs case

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The United States Securities and Exchange Commission (SEC) has refuted the jury’s conclusion regarding Terraform Labs’ alleged violations and has demanded a summary judgment on all the claims.  A court filing from Oct. 27 showed the SEC’s reluctance to accept the jury’s leniency on Do Kwon and his involvement in facilitating the frauds that eventually led to the collapse of Terraform Labs. The filing, directed to the U.S. district court – Southern District of New York, read: “No rational jury could conclude that Kwon was not liable for Terraform’s violations…