Day: December 5, 2023

Swiss city to accept tax and services payments in Bitcoin, Tether

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As of today, the Swiss city of Lugano has implemented a policy to accept cryptocurrencies, including Bitcoin and Tether, for the payment of municipal services and taxes. Lugano’s decision facilitates an automated payment process via the Swiss institutional-grade cryptocurrency platform Bitcoin Suisse. This new system allows citizens and companies to pay for any local service or tax amount in cryptocurrencies. Practical implementation involves using the Swiss QR-bill, which enables payments through mobile wallets and selected cryptocurrencies. This development is part of Lugano’s broader “Plan B” strategy, a collaborative venture with…

How Much Profit Has Microstrategy Made On Its BTC Bet?

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MicroStrategy has become one of the top gainers of the recent Bitcoin bullish trend, and the analytics provider has secured billions in gains after disregarding naysayers to make a long-running bet on Bitcoin. MicroStrategy Massive Bitcoin Bet Hits Gold Leading provider of enterprise analytics and mobility software, MicroStrategy is riding the early wave of the anticipated Bitcoin bull run. The analytics provider has seen the profit on its billion-dollar BTC bet rise to $2 billion following Bitcoin’s rise from below $38,000 during the weekend to over $41,000 this week.  According…

BlackRock, Bitwise File Updated Applications for Spot Bitcoin ETF

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BlackRock’s updated filing included several changes, ranging from themes like security, risks, disclosures, to the structure of the Trust. In total, 21 notable amendments were made in the asset management giant’s latest update, CryptoSlate noted. Others include potential regulatory impacts on the ETF and how to navigate the regulatory landscape in other jurisdictions such as the UK and the EU. Original

Pando joins U.S. spot Bitcoin ETF race with newest filing

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In a Dec. 5 post from Bloomberg Intelligence analyst James Seyffart, Swiss asset manager Pando was announced as an official entrant into the competition for a US spot Bitcoin ETF, filing a 19b-4 through the Chicago Board Options Exchange (CBOE). According to Seyffart, the new filling brings the number of potential issuers to 13. Better late than never The announcement, via X, highlights that Pando has entered the U.S. spot Bitcoin competition as a recent participant despite having established a presence with three other spot crypto exchange-traded products (ETPs) on…

Dogecoin hits $0.09, two meme coins in focus

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The world’s largest meme coin, Dogecoin (DOGE), rallied to $0.09 on Dec. 4. With DOGE gaining ground, some investors are also turning their attention to emerging and potent meme coins like Meme Kombat (MK) and Bonk (BONK). Dogecoin surges to 8-month high After weeks of lackluster price action between August and October, DOGE surged by around 55% to hit $0.092 – its highest level since April. Daily trading volumes…

BTC price sets new 19-month high in ‘choreographed’ Bitcoin whale move

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Bitcoin (BTC) returned above $42,000 on Dec. 5 as analysis remained suspicious of market manipulation. BTC/USD 1-hour chart. Source: TradingView Analysis: New Bitcoin bids not “organic” Data from Cointelegraph Markets Pro and TradingView showed a BTC price rebound taking BTC/USD to highs of $42,498 on Bitstamp. These beat the 19-month peak set the day prior, with retracements being short lived amid a general atmosphere of excitement throughout crypto. As Bitcoin continued to reclaim ground lost in mid-2022, however, warnings over the rally’s sustainability continued to flow in. These centered on…

Hashkey exchange to onboard market makers to boost liquidity

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Hashkey, one of the first crypto exchanges to be licensed in Hong Kong, will soon allow individual and enterprise market makers to provide liquidity on the exchange. According to the Dec. 5 announcement, individuals and entities can apply to be a market maker on Hashkey provided that they trade at least $5 million worth of cryptocurrencies per month on the exchange. After a review of their business plans, approved applicants will be invited to sign a contract with the exchange’s due diligence team and begin trading on Dec. 28.  Depending…

Securing user data: 11 practical and effective tips for Web3 companies

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Leaning into Web3’s strengths while following established protocols can create a strong, holistic data security strategy. No matter the industry, protecting user data is a top-of-mind concern for any business that collects it. Blending industry-agnostic security strategies with the inherent strengths of Web3 practices and technologies can help companies create a well-rounded defense system for user data. Below, 11 members of Cointelegraph Innovation Circle share practical, effective tips to help Web3 companies provide the security assurance their users expect and deserve. Make securing user data a top priority from the…

OpenAI Rival Mistral AI Set to Raise Funds from a16z and Others at $2B Valuation

With a valuation of $2 billion within its first year, Mistral’s rapid ascent reflects the tech industry’s unwavering optimism regarding the future potential and profitability of AI businesses. Mistral AI, a formidable competitor to OpenAI, is in the final stages of securing approximately €450 million ($487 million) in a funding round. Notable investors, including Nvidia Corp and Salesforce Inc, are backing the venture, valuing the artificial intelligence company at around $2 billion, sources familiar with the deal revealed. The funding package involves over €325 million in equity, with leading contributions…

KyberSwap hacker moves $338k into Tornado Cash

The KyberSwap hacker is moving funds into Tornado Cash, according to data from CertiK.  The KyberSwap hack saw the defi market maker lose $48.8 million in November. Earlier last week, the hacker sent $338,000 worth of BNB tokens to an externally owned account on the Polygon network. Today, those funds have been moved to decentralized cryptocurrency tumbler Tornado Cash.  The KyberSwap hack has been one of the most surprising exploits of the year, not because of the amount of funds compromised, but rather because of the unusual demands of the…