Day: November 22, 2023

BlackRock and Grayscale meeting with SEC about Bitcoin ETF issuance

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Bloomberg Intelligence ETF research analyst James Seyffart reports that BlackRock and Grayscale, two major investment major companies with plans to issue a Bitcoin ETF, have recently met with the SEC. Based on slides that have become public knowledge, Seyffart shows that BlackRock likely prefers in-kind for their offering. In-kind vs. cash In highlighting this announcement, the analyst suggests that this decision makes sense as it is likely the cleanest structure for the company and its investors. The news came alongside a consecutive report that Grayscale, another prominent investment management firm,…

1 Way to Revive Dead NFT Wallets

And yet, sometimes the difference matters. It’s all well and good to transfer an NFT on the blockchain, until you can’t, because it’s in a dead wallet. From a legal perspective, you still own the NFT, because you still own the wallet, even though you can’t access it. But from the perspective of the NFT market, you don’t, because the only thing NFT collectors care about is whether you can transfer your NFT to their wallet. Source

Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends

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A new era for the crypto industry approaches as the world’s largest exchange, Binance, changes leadership. Yesterday, the company’s founder and CEO, Changpeng “CZ” Zhao, stepped down as part of an agreement with the US government. The deal might have sparked a new era of adoption and legitimacy for the nascent industry at the cost of CZ’s position and a $4 billion fine. Fresh data looked into Binance’s transactions to check if users believe in the company’s future following the historic decision. BNB’s price trends to the downside on the…

CoinGecko Acquires NFT Data Platform Zash to Expand Its Business

With this acquisition, CoinGecko plans to integrate Zash’s NFT data into its Application Programming Interface (API) by the second quarter of next year. CoinGecko, a major cryptocurrency data tracking company, has acquired Zash, an on-chain data analytics firm that provides information on non-fungible tokens (NFTs) metadata across various platforms. According to an announcement on November 22, the acquisition aligns with CoinGecko’s vision to become a central hub for cryptocurrency-related information and provide users with a more comprehensive suite of data. “This acquisition aligns with our commitment and dedication to deliver…

Shibarium Transactions Spike 288%, But Why Is Shiba Inu Price Down Today?

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Shibarium, the Ethereum Layer network from the Shiba Inu team, has had a rocky few months following its highly anticipated launch. After surging immediately following its launch, its figures dropped as interest waned. However, there has been a change in the performance as transaction numbers are spiking once again. Transaction Numbers Jump 288% On Shibarium In the last few days, there has been a marked increase in the number of transactions carried out on the Shibarium network. The Shiba Inu Layer 2 blockchain saw a nice jump from November 19…

Ripple making connections amid Binance turmoil

The crypto analyst behind the JWK Show YouTube channel posted a video on Nov. 22nd highlighting recent allegations against crypto exchange Binance. He speculated that this could trigger a “bank run” and collapse similar to FTX. The host pointed to institutions capitalizing on the opportunity, highlighting a recent tweet from Grayscale touting its Grayscale Ethereum Trust as the world’s largest Ethereum (ETH) investment vehicle: We have Grayscale coming in, Wall Street never loses. In addition, JWK also found links between Binance and Ripple, the firm behind the XRP token. He…

BTC price bounces 3% post Binance amid call for Bitcoin bulls to ‘step in’

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Bitcoin (BTC) traded $1,000 off weekly lows after the Nov. 22 Wall Street open as a BTC price relief bounce held firm. BTC/USD 1-hour chart. Source: TradingView Bitcoin respects “very clear” key levels Data from Cointelegraph Markets Pro and TradingView followed crypto markets as they recovered from snap downside the day prior. As the dust continued to settle on news that largest global exchange Binance would be fined $4.3 billion by United States lawmakers, Bitcoin traders eyed the latest important price levels. Daan Crypto Trades showed BTC/USD respecting a trading…

Substance abuse grows among crypto traders – Cointelegraph Magazine

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Although documented statistics about cryptocurrency trading and substance abuse are hard to come by, addiction experts are treating an increasing number of crypto traders. Abdullah Boulard, founder and CEO at The Balance Luxury Rehab, tells Magazine that a number of crypto traders struggle with substance abuse. “Our client base is diverse, but this is a unique demographic that we’ve seen an increase in over the recent years,” Boulard says.  According to Boulard, the high intensity of cryptocurrency trading combined with 24/7 accessibility encourages some to use stimulants to keep up…

Mt. Gox Finally Set to Begin Creditor Cash Repayments in 2023

Creditors will start receiving cash repayments from the Mt. Gox Trustee this year. These repayments are specified to be cash and may not include crypto. The defunct Japanese crypto exchange Mt. Gox is set to begin creditor repayments this year, about a decade after its collapse. Creditors of the exchange received an email on Wednesday where rehabilitation trustee Nobuaki Kobayashi stated that all persons whose repayment applications were approved would start receiving cash payments. The email notes that payments will begin sometime this year and continue until next year. However, it does…

Former Coinbase exec posits blockchain-driven vision of future societies

The Dutch city of Amsterdam — no stranger to international conferences dedicated to cryptocurrencies, blockchain and decentralization — was recently host to the Network State Conference, which explored decentralization at an entirely different level.  Conference speakers and attendees gathered to discuss and debate whether a new form of decentralized country is possible. The conference kicked off with an energetic host directing the crowd to chant and shout the title before Balaji Srinivasan, an entrepreneur, investor and former chief technology officer of Coinbase, entered to make his opening speech. During his…