Day: November 7, 2023

WisdomTree to Expand Investment Options with Bitcoin in Commodity ETF

While WisdomTree is expanding its investment options with Bitcoin, the asset manager has also decided to liquidate five of its ETFs. WisdomTree, one of the major players in the financial industry, is considering the addition of Bitcoin (BTC) as part of its commodity exchange-traded fund (ETF), providing its customers with exposure to the crypto market without direct investment in the asset. According to a recent document released on Tuesday, the company proposed allocating around 5% of the WisdomTree Enhanced Commodity Strategy Fund (GCC) to track the crypto asset while maintaining…

Ava Labs Cuts 12% of Workforce amid Early Signs of Crypto Market Recovery

According to Ava Labs CEO Emin Gün Sirer, the cuts were necessary to restructure and reallocate resources in the ongoing crypto bear market. The cryptocurrency job market continues to face issues with layoffs amid the challenges and uncertainty of the crypto bear market. One of the recent ones is the recent sack of 12% of the Ava Labs workforce. Ava Labs is the team behind the popular Avalanche blockchain. The 12% cut in the crypto giant’s staff represents at least 40 employees. According to Ava Labs CEO Emin Gün Sirer,…

Bitcoin May Be Headed Towards 20%+ Decline Based On This Pattern

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Bitcoin could see a decline of at least 20% in the near future, if the historical pattern of this indicator is anything to go by. Aggregated Open Interest Of Assets Except Bitcoin Is Forming A Bearish Pattern In a new post on X, CryptoQuant Netherlands community manager Maartunn has talked about a bearish pattern forming in the aggregated open interest of all cryptocurrencies except Bitcoin. The “open interest” here refers to an indicator that measures the total amount of derivative positions (in USD) that are open on all exchanges around…

Digital Assets That Currently Outperform the Market

Although the recent rally is felt across the asset class, with 156 of the 189 assets in the CoinDesk Market Index returning positively over the past month, some kinds of assets have outperformed others. The Computing Index, which contains protocols dedicated to decentralizing data sharing, storage, and transmission, stands out. This can be partially attributed to the outsized return of oracle networks, including ChainLink (up 47% month-on-month), Band Protocol (up 21% month-on-month), and Tellor (up more than 2x month-on-month). The surge in oracle platforms coincides with growing enthusiasm surrounding the…

X Hall of Flame – Cointelegraph Magazine

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Who is this person anyway? Irene Zhao, the Simp-Queen mastermind behind the SO-COL platform and a Crypto Twitter influencer, explains that having a celebrity in your corner can turbocharge your NFT collection. Zhao’s first Simp DAO and NFT collection, IreneDAO, started with a floor price that was basically pocket change in ETH. “I think it was about zero-point-something ETH,” Zhao recalls. However, the game changed for Zhao when controversial YouTube star Logan Paul threw in around a quarter of a million dollars in January 2022. “The next day, I woke…

Cardano (ADA) 50-Week EMA Flashes Bullish, Is $0.45 On The Way?

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Cardano (ADA) is one of the altcoins that has seen major gains in recent days, and this has ignited chatter about how the crypto token could climb. In line with this, Dan Gambardello, the founder of Crypto Capital Venture, has some answers as he provided insight into the token’s trajectory using technical analysis. What The Charts Are Saying About Cardano In a video shared on YouTube, Gambardello highlighted the fact that ADA saw a weekly close above the 50-week exponential moving average (EMA), which is something he labeled as “special”…

‘107,000 GPUs on the waitlist’ — io.net beta launch attracts data centers, GPU clusters

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Over 100,000 GPUs from data centers and private clusters are set to plug into a new decentralized physical infrastructure network (DePIN) beta launched by io.net. As Cointelegraph previously reported, the startup has developed a decentralized network that sources GPU computing power from various geographically diverse data centers, cryptocurrency miners and decentralized storage providers to power machine learning and AI computing. The company announced the launch of its beta platform during the Solana Breakpoint conference in Amsterdam, which coincided with a newly formed partnership with Render Network. Tory Green, chief operating…