Day: November 17, 2023

Sam Altman ousted from OpenAI, CTO Mira Murati named interim CEO

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ChatGPT developer OpenAI has removed founder Sam Altman from his CEO position, according to a Nov. 17 blog post. Chief technology officer Mira Murati will be promoted to interim CEO. According to the post, the board of directors engaged in a “deliberative review process,” which resulted in the conclusion that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” Altman could not immediately be reached for comment. OpenAI announces leadership transition https://t.co/fFYDLwGXQz — OpenAI (@OpenAI) November 17, 2023 OpenAI’s board said…

History Repeats? Cardano (ADA) Set To Skyrocket In December, Predicts Analyst

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A recent surge in Cardano (ADA)’s market value has caught the attention of both investors and analysts alike. Over the past 24 hours, ADA has seen a 7% increase, trading at approximately $0.39 at the time of writing. This uptick in value is not just a momentary blip on the radar but a part of a broader trend that mirrors the 2018-2020 consolidation phase of ADA, according to a well-known crypto trader and analyst, Ali. Interestingly, the analyst noted this current consolidation phase comes without the dramatic influence of an…

Uniswap’s Android wallet app, Cboe to launch BTC, ETH margin futures, and more

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As the final weeks of 2023 approach, it’s fair to say that one of the most dominant trends and drivers of crypto companies’ strategies over the past months can be summed up in a single word: licenses.  In a tight regulatory environment, getting the green light from regulators has been crucial for companies, particularly during the crypto winter. Some countries have taken a stand by developing a crypto-friendly environment. For example, the United Arab Emirates continues to attract major crypto companies to its shores, with digital assets exchange Crypto.com recently…

Bitcoin fees skyrocket on spot BTC ETF hype

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The prospect of a spot Bitcoin (BTC) exchange-traded fund (ETF) being approved soon in the United States has increased demand for the major cryptocurrency, leading to a surge in transaction fees. The Bitcoin blockchain reached $11.6 million in fees paid on Nov. 16, according to statistics from CryptoFees. At the time of writing, YCharts data shows that the average transaction fee is $18.69, up 113% from the previous day and 746% from a year ago. Bitcoin transaction fees between January 2023 and November 2023. Source: CryptoFees According to Cointelegraph’s market analysis,…

Bitcoin fees skyrocket on ETF hype

The prospect of a spot Bitcoin (BTC) exchange-traded fund (ETF) being approved soon in the United States has increased demand for the major cryptocurrency, leading to a surge in transaction fees. The Bitcoin blockchain reached $11.6 million in fees paid on Nov. 16 according to statistics from CryptoFees. At the time of writing, YCharts data shows that the average transaction fee is $18.69, up 113% from the previous day and 746% from the year ago level. Bitcoin transaction fees between January 2023 and November 2023. Source: CryptoFees According to Cointelegraph’s market…

Disney Does NOT ‘Partner’ With Crypto Companies

I mean, as I argued, Dapper’s earlier experience could also be called successful by the standards of crypto. NBA Top Shots, where Dapper pioneered the concept of licensing beloved IP to sell tokens, does not see much action today, but at one time it was essentially the crown jewel of Dapper properties and significant part of the reason Dapper was, now in hindsight, comically overvalued. Source

BlackRock Wants An Ether Spot ETF

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BlackRock has joined the Ethereum Spot ETF race as the asset management company has officially applied to the US SEC and is currently waiting for approval.  BlackRock Files For An Ethereum Spot ETF Following its Spot Bitcoin ETF filing, BlackRock, an American investment company has taken the proactive step by filing an Ethereum Spot Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC).  The asset management company submitted the application on November 15, however, BlackRock has stated it formed the Trust as early as November 9. …