January 10, 2024

CBOE announces the listing of several Bitcoin ETFs pending SEC approval

January 10, 2024 boss

The Chicago Board Options Exchange has extended its approval for listing several spot Bitcoin ETFs, pending the final nod from the SEC. This announcement was disclosed in a letter to the SEC, indicating the potential listing of Bitcoin ETFs from prominent investment firms, including VanEck, Fidelity, Franklin Templeton, ARK Invest, and Invesco Galaxy. Leaked official email from Cboe This decision highlights the advanced stage of ETF proceedings. The Chicago Board Options Exchange’s (CBOE) proactive stance is geared towards accelerating the registration of these securities under Rule 12d1-2 of the Securities…

Did the Fake Bitcoin ETF Announcement Prove an SEC Approval Is a 'Sell-the-News' Event?

January 10, 2024 boss

The SEC’s social media account was hacked to say the much-anticipated financial product was approved, perhaps answering the question of what will happen when it actually happens. Original

Ethereum Bullish Breakout: Analysts Predict Surge To $3,500

January 10, 2024 boss

Ethereum, the second-largest crypto by market capitalization, is currently exhibiting signs of a bullish breakout, as observed by two prominent analysts in the crypto space. According to World Of Charts, Ethereum shows consolidation within a bullish pennant pattern. This technical formation typically suggests continuing an upward trend in Ethereum’s case. According to the analyst, if Ethereum successfully breaks out of this pattern, it could surge toward a significant level of $3,500. $Eth Trend Is Up Consolidating In Bullish Pennant Expecting Breakout Soon Incase Of Successful Breakout Expecting Move Towards 3500$#Crypto…

Hedera-Based Tune.FM Raises $20M for Artist-Friendly Web3 Music Platform

January 10, 2024

“The problem with today’s major streaming platforms is that large corporations reap the lion’s share of the profits, leaving artists with a small piece of the pie,” Tune.FM said in an emailed announcement shared with CoinDesk. “Tune.FM wants to shake up the current standard by offering artists up to 90% of their streaming revenue.” Source

We Tried Fox's Blockchain-Based Tool for Deepfake Detection. Here's How It Went

January 10, 2024

Fox’s new blockchain tool might not help consumers suss out deep fakes, but it could be a boon to publishers struggling to navigate the AI age. We kicked the tires on the new technology. Source link

Spotlight on DePIN and RWA Beyond Bitcoin ETFs

January 10, 2024 boss

The big winners from 2023 include liquid staking derivative tokens on layer 2 protocols (eg, ALCX, ASX, PENDLE) followed closely by DeFi 2.0 protocols (eg, DYDX, FXS, INST), the only included narratives that outperformed simply holding Bitcoin. However, Money Market protocols (eg, AAVE, COMP, QI) and Decentralized Physical Infrastructure Networks (“DePIN,” eg, FIL, RNDR, DIMO) followed closely behind. Original

Opportunities and Challenges in the New Tech Landscape

January 10, 2024

And finally, at the top of the tech stack, we have user-interfacing applications that leverage Web3’s permissionless AI processing power (enabled by the previous two layers) to complete specific tasks for a variety of use-cases. This portion of the market is still nascent, and still relies on centralized infrastructure, but early examples include smart contract auditing, blockchain-specific chatbots, metaverse gaming, image generation, and trading and risk-management platforms. As the underlying infrastructure continues to advance, and ZKPs mature, next-gen AI applications will emerge with functionality that’s difficult to imagine today. It’s…

India’s Crypto Crackdown on Offshore Exchange Apps

January 10, 2024 boss

India has ramped up its regulatory measures against offshore cryptocurrency exchanges, directing Apple to eliminate the apps of platforms such as Binance from its App Store within the country. According to a report by Bloomberg, this recent escalation follows a notice from the Financial Intelligence Unit (FIU) targeting nine platforms suspected of regulatory misconduct in late December, signaling a tightening grip on the crypto landscape. The Ministry of Electronics and Information Technology prompted the removal of apps from platforms like Bitfinex, HTX, and Kucoin, among others, from the Indian App…

Bitcoin ETF to be approved today

January 10, 2024 boss

The financial sector is abuzz, with a prominent Bloomberg analyst suggesting a Bitcoin ETF approval is just hours away. Senior ETF Analyst at Bloomberg, Eric Balchunas, took to X with a bold prediction, suggesting that the approval for a Bitcoin ETF will be announced later today. Although the approval has not been finalized, Balchunas indicated that all systems are set for an affirmative decision, likely between 4-6 p.m. EST, in time for the trading starting on Thursday. Happy ETF Approval Day (for real this time) to all those who celebrate..…

Crypto Analyst Predicts ADA Price To Hit $6

January 10, 2024 boss

Crypto analyst Ali Martinez has predicted an outstanding long-term price for Cardano (ADA), although subject to some downside before the target is reached. The Cardano (ADA) price is currently declining, down by 4.2% in the past 24 hours and 16.7% in a larger timeframe. The crypto did manage to turn bullish for a few hours yesterday, jumping 14.6% from a low of $0.4727 to $0.5421. Most of this price gain has been shed off and the crypto is now trading at $0.5079, confirming an ongoing consolidation. However, according to crypto…