Day: March 8, 2024

Bankrupt Cryptopia Exchange to Return BTC, DOGE to Qualifying Creditors

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

AI Crypto’s Like Render, WorldCoin Are ‘Overvalued’: Coinbase

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In their report, “Crypto’s AI Mirage,” Coinbase Research has issued a nuanced examination of the intersection between artificial intelligence (AI) and crypto, revealing a landscape fraught with overvaluation and speculative fervor. David Han, an Institutional Research Analyst at Coinbase, spearheads this analysis, providing a critical lens through which the future of AI crypto tokens is scrutinized. AI Crypto Tokens Lack ‘Persistent Demand Drivers’ At the heart of the report is the assertion that the crypto-AI domain, despite its rapid expansion and the enthrallment it enjoys from investors and the public…

Sony Files ‘Super-Fungible Token’ NFT Patent

Sony, the Japanese electronics behemoth, has filed a patent involving the use of non-fungible tokens (NFTs) as part of in-game mechanics. Sony’s patent describes the usage of a “Super-Fungible Token,” an amalgamation of a set of gaming assets, allowing the selection of only one of them per time in the gaming implementation. Sony Files Patent […] Source CryptoX Portal

Past bull runs hint at Bitcoin’s potential leap into unprecedented territory, analysts say

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Expectations are mounting for Bitcoin to potentially surge into six-figure territory, following a dramatic increase of over 57% in its price since the start of the year.  The recent surge has led to comparisons with the 2021 bull run, during which Bitcoin’s value tripled in three months after breaking its previous high. Analysts maintain a cautious optimism regarding Bitcoin’s future, with some predictions pointing towards a potential rise into six-figure territory. This outlook is partly based on Bitcoin’s performance during past bull runs and significant price increases following similar trends…

BlackRock seeks SEC approval for Bitcoin ETF inclusion in Global Allocation Fund

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BlackRock, a global leader in asset management, is in the process of seeking regulatory approval to incorporate spot Bitcoin exchange-traded funds (ETFs) into its Global Allocation Fund, known as MALOX. The firm updated its filing with the United States Securities and Exchange Commission (SEC) on March 7, outlining its intention to invest in physically-backed Bitcoin exchange-traded products (ETPs), including its own iShares Bitcoin Trust (IBIT) and those offered by other issuers. The move indicates BlackRock’s interest in enabling its fund to invest directly in Bitcoin through national securities exchanges. The…

Analyst Sees A Massive Rally In The Cards

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Cryptocurrency enthusiasts are buzzing after renowned analyst Willy Woo ignited the community with a bullish prediction for Bitcoin (BTC). Woo, known for his past forecasting successes, suggests a monumental surge is on the horizon, fueled by a recent development – the long-awaited approval of spot Bitcoin ETFs. These exchange-traded funds allow traditional investors to gain exposure to Bitcoin without the complexities of directly acquiring and holding the digital asset. Woo believes this will act as a dam breaking, unleashing a torrent of capital into the cryptocurrency. Bitcoin: Arrival On Major…