Day: November 20, 2023

ARK, 21Shares update spot Bitcoin ETF application as next SEC deadline looms

ARK Investment Management, a major cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, isn’t giving up on its efforts to launch a spot Bitcoin exchange-traded fund (ETF) in the United States. ARK Invest, on Nov. 20, filed another amended prospectus for its spot Bitcoin ETF product developed in collaboration with the European digital asset manager 21Shares. Once approved, the ARK and 21Shares’ Bitcoin ETF, named the ARK 21Shares Bitcoin ETF, will be trading on the BZX Exchange by the Chicago Board Options Exchange (CBOE) under the ticker symbol ARKB,…

Tether freezes $225M in USDT linked to romance scammers amid DOJ investigation

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Stablecoin issuer Tether has frozen roughly $225 million worth of USDT (USDT) as part of a United States Department of Justice investigation into a Southeast Asian human trafficking syndicate. In a Nov. 20 announcement, Tether said it had worked with the DOJ and crypto exchange OKX to freeze $225 million worth of USDT in “external self-custodied wallets.” The firm reported the illicit funds had been used by a crime syndicate responsible for a “pig butchering” romance scam — a technique where bad actors attempt to develop an online relationship with…

READYgg Partners Aptos Labs to Onboard Web2 Gamers

The collaboration between READYgg and Aptos Labs fosters a sense of community and collaboration within the gaming ecosystem. The gaming industry is on the verge of a revolutionary transformation, thanks to the dynamic collaboration between READYgg with Aptos Labs to usher in millions of Web2 gamers into the realm of Web3 gaming. READYgg and Aptos Labs to Fuel Migration from Web2 to Web3 This collaboration leverages READYgg’s extensive network and Aptos, a blockchain platform renowned for its unparalleled time-to-finality, ensuring a seamless and immersive gaming experience. To kickstart this transformative…

Worldcoin Token Makes Headlines With 24% Surge

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The narrative around Sam Altman and OpenAI seems to have had a major impact on the value of WLD, the token that Worldcoin, a cryptocurrency that Altman co-founded, is issuing. As the drama surrounding Sam Altman’s dismissal from OpenAI and possible reinstatement continues to captivate the crypto space, the Worldcoin digital token has been one of the most unpredictable in the cryptocurrency market as of late. As of today, the trading price of Worldcoin (WLD) has reached $2.43, indicating that the cryptocurrency has made a strong recovery. In comparison to…

Crypto exchange Bullish buys 100% stake in crypto media site CoinDesk: Report

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Crypto media platform CoinDesk was acquired by crypto exchange Bullish on Nov. 20, according to a report published in the Wall Street Journal (WSJ). The crypto exchange is headed by former New York Stock Exchange president Tom Farley. The media platform said that former Wall Street Journal editor-in-chief Matt Murray will chair an independent editorial committee while the current CoinDesk editorial team will remain intact. According to the report, Bullish acquired the crypto media platform in an all-cash deal, though the terms of the deal were not disclosed. The media platform,…

Machine Learning Algorithm Predicts 17.66% Rise In Bitcoin Price, Here’s The Target

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The machine learning algorithm at CoinCodex has taken a crack at the Bitcoin price and predicted where the asset’s price could be both over the short term and the very long term. If the predictions are anything to go by, then the price of Bitcoin is at one of the lowest points it’ll ever be in the next seven years. Very Bullish For Bitcoin Price In The Short Term The predictions from the machine learning algorithm for the Bitcoin price, especially in the short term, are very bullish. These predictions…

Bitcoin Mining Services Firm Luxor Starts Logistical Services to Make Shipping of BTC Mining Rigs Faster

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The new unit, Luxor Logistics, will focus heavily on streamlining complex customs regulations in different regions by customizing transportation and delivery services, lowering the time required for shipping mining rigs for miners. “With the variety of import/export regulatory demands across different regions, Luxor positioned itself as a knowledgeable and valuable partner, helping miners to navigate the complex landscape of customs and documentation,” Lauren Lin, Luxor’s director of business development, told CoinDesk in a statement. Original

Dfinity taps SingularityNET to bring AI services to DApps

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Research and development firm Dfinity Foundation has partnered with artificial intelligence (AI)-focused blockchain firm SingularityNET to improve the infrastructure of decentralized AI and allow decentralized applications (DApps) on the Internet Computer blockchain to access large language models (LLMs).  On Nov. 20, the companies announced the launch of a joint initiative to integrate the ICP blockchain with the SingularityNET marketplace. According to a statement sent to Cointelegraph, the initiative aims to address the lack of transparency in the training data of AI tools because of its centralized nature. The two companies…

Libra’s co-creator favors Bitcoin over ‘centralized’ altcoins

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Libra co-creator David Marcus says Bitcoin’s alternatives are too centralized and not secure enough. Lightspark CEO David Marcus is apparently a big fan of Bitcoin (BTC), as he believes that the cryptocurrency made by Satoshi Nakamoto is the only “viable neutral settlement asset” that can “usher in a new era of global real-time payments.” Lately, there’s been more debate around the value of the #Bitcoin Lightning Network. Based on the work we’ve been doing @Lightspark for the past 18 months, I will share my honest view. First things first —…