Browsing: Bitcoin

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At 101.43, the Dollar Index is down. The US Federal Reserve is anticipated to begin reducing interest rates; however, central banking officials have not disclosed a specific date, or even a month, for this purpose. The fact that the inflation rate is well under control and is gradually approaching the targeted rate of 2% is what supports this belief. The likelihood of rate reductions in 2024 will be higher. According to analyst estimates, layoffs might occur as early as March 2024. The final say will go to the Fed, and raising interest rates is becoming less and less likely. On…

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The holding of the opBNB celebrations event has been announced by BNB Chain. On December 28, 2023, and ending on January 17, 2024, the same will take place. It is being connected to the approaching New Year’s Eve to pique community members’ curiosity. But the $450k+ reward pool as a giveaway is perhaps the most effective. A limited number of community members are eligible to take part. A minimum of five days before to the event’s start, they had to have owned BAB tokens on opBNB or BSC, held opBNB Genesis NFT or BNB Chain 3YA NFT, and participated in…

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KuCoin and DeMR recently announced a strategic investment and cooperation. Kucoin announced via their official X/Twitter account. According to the tweet, the parties will construct the largest scan-to-earn spatial internet infrastructure in the world. Leading decentralised MR infrastructure DeMR will be essential to the collaboration. DeMR, which was created on Solana, is presently introducing users worldwide to MR. On X/Twitter, the network also posted about its most recent strategic alliance with KuCoin. DeMR is announcing the introduction of its first official whitelist community programme in honour of this cooperation. The opportunity to mint their first Compass NFT on priority is…

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Over the previous month, the value of SAND, the native token of the metaverse platform The Sandbox, has increased by 40%, with a current value of $0.61. The price of the token was last observed at this level in April, and this increase is ascribed to a general market rebirth. During the 2020–2021 pandemic, SAND, a well-liked GameFi token, rose to prominence by offering people a backup source of income during lockdowns. However, as the larger cryptocurrency market began to drop in late 2021, the value of GameFi tokens also witnessed a steep decline. According to the most recent statistics,…

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The trading volume on the platform has exceeded the combined trading volumes of the Nasdaq and the New York Stock Exchange, according to Uniswap founder Hayden Adams. This illustrates how decentralised finance (DeFi) platforms are becoming more and more dominant, as seen by the roughly 70% increase in Uniswap’s total value locked (TVL) over the last year. The native cryptocurrency of Uniswap, UNI, has grown significantly in value during the current cryptocurrency bull market. In just the last week, its price has increased by 22%, from $5.75 to $7.05. Along with adding new features, the platform joined the Bitcoin ecosystem…

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The Securities and Exchange Commission (SEC) has been directed by a U.S. circuit court in Washington, D.C. to reexamine its decision to deny Bitcoin ETF application Grayscale, a cryptocurrency hedge fund, submitted. This does not, however, imply approval because the SEC may discover fresh grounds to deny it or any of the other twelve applications. If and when the SEC approves an exchange-traded fund for Bitcoin, insiders and investors in the crypto business predict a sharp increase in the price of BTC and other crypto assets. However, the price of Bitcoin may decline if there are any reports of SEC…

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On July 30, a re-entrancy flaw in the Vyper programming language allowed four Curve Finance pools to be abused. The hackers took $73.5 million in all, targeting four mining pools. Curve responded by stating that if 90% of the money that had been stolen were returned, they would classify the incident as a white hat occurrence. After pursuing the hackers, a few sincere white hats were able to retrieve some of the money and give it back to the exchange. A portion of the attackers, specifically those implicated in the Metronome hack, agreed to Curve’s proposal and gave back 90%…

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According to FOX Business, the US Securities and Exchange Commission is supposedly in various talks with applicants for the Spot Bitcoin ETF before granting permits on January 10, 2024. According to circulating rumours, the SEC is ready to approve the first spot bitcoin exchange-traded fund (ETF) by the deadline. A number of applications are being consulted, it is assumed by Charles Gasparino, a FOX Business correspondent. The SEC is considering all relevant issues. The redemption module has served as a cog in the wheel for applicants and regulators with regard to the proposed ETFs. While some applicants, like BlackRock, indicate…

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The Hong Kong Stock Exchange stated its intention to take advantage of the prospects presented by the announcement that the Hong Kong Securities Regulatory Commission is prepared to accept applications for exchange-traded funds (ETFs) that are virtual assets. According to Luo Boren, Head of Securities Product Development at the Hong Kong Stock Exchange, the company is ready to support this theme investment and will work closely with stakeholders and issue holders to make sure the new product is seamlessly integrated into the Hong Kong ETF market. Luo Boren praised the news made by the Hong Kong Securities and Futures Commission,…

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In 2023, decentralised autonomous organisations (DAOs) had a turbulent year filled with cyberattacks, lawsuits, and furious resignations. A number of trends that could influence the development of DAOs and related entities are starting to emerge as 2024 approaches. One such trend is the division of powers, whereby numerous DAOs use a variety of techniques to allocate governance authority in an effort to improve efficiency and create a strong system of checks and balances. For instance, Optimism’s DAO uses a bicameral structure, where the retroactive public goods programme is funded by identity-based governance in the Citizen House and the Token House,…

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According to FOX Business, the US Securities and Exchange Commission is supposedly in various talks with applicants for the Spot Bitcoin ETF before granting permits on January 10, 2024. According to circulating rumours, the SEC is ready to approve the first spot bitcoin exchange-traded fund (ETF) by the deadline. A number of applications are being consulted, it is assumed by Charles Gasparino, a FOX Business correspondent. The SEC is considering all relevant issues. The redemption module has served as a cog in the wheel for applicants and regulators with regard to the proposed ETFs. While some applicants, like BlackRock, indicate…

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Bitwise and Hashdex, the companies that issue Bitcoin ETFs, have produced three ads in as many days, adding fuel to the seeming marketing war that is developing in the cryptocurrency space. The commercial featuring actor Jonathan Goldsmith, who is best known for playing “The Most Interesting Man in the World” in a Dos Equis beer campaign, launched Bitwise’s marketing campaign on December 18. After endorsing the company, Hashdex released a commercial on December 20 that included a dump truck and captions implying that equities, fixed incomes, and precious metals are not cryptocurrency. That same day, Bitwise swiftly countered with a…

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The liquidators of Three Arrows Capital anticipate that 45.74% of the claims made by creditors will be paid out through bankruptcy assets, and they intend to distribute the first amount in the first quarter of 2019. Russell Crumpler and Christopher Farmer, Teneo’s joint liquidators, reported that as of December 18, the company’s assets were estimated to be worth $1.16 billion, and claims totaling $2.7 billion were anticipated to be recognised for distribution. Liquidators own 82% of non-liquid tokens, 6.9% of stock and investments, and 4.8% of cash, as per the asset breakdown. There are thirteen distinct non-liquid tokens, valued at…

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Getting permission from the US Securities and Exchange Commission (SEC) for its planned Bitcoin spot ETF is a top objective for BlackRock, the largest investment management company in the world. Larry Fink, the CEO and founder of BlackRock, described Bitcoin as “an international asset” and a “store of value” that has the potential to overtake gold in the long run. As previously reported by Foresight News, BlackRock and the SEC have met five times to discuss BlackRock’s proposal for a Bitcoin spot ETF. The most recent meeting was held on Tuesday.

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Members of the Bitcoin community, or “Bitcoiners,” have long sought a respectable position for their tokens. Anticipations centre on January 2024, when the SEC may approve every application for the Spot Bitcoin ETF. When it comes to exchanging Bitcoin on the board, that will provide traders and institutional traders with a proper investment framework. Mike Novogratz, the CEO of Galaxy Digital, is one of the well-known figures that has expressed support for the Spot Bitcoin ETF. He thinks that all applications, including the one that Grayscale filed, might be approved as early as January 10, 2024. The anticipated window for…

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The subsidiaries of Generate Capital recently inked a definitive purchase agreement with Marathon Digital Holdings. Marathon Digital Holdings will be able to purchase two active Bitcoin mining locations according to the arrangement. Marathon would pay $187.6 million for sites with a combined capacity of 390 megawatts under the terms of the agreement. Stated differently, Marathon is purchasing two of the top Bitcoin mining sites available on the market for 458,000 dollars per megawatt. With this purchase, Marathon is taking ownership of its first Bitcoin mining sites. The company has formally moved from managing asset operations to managing Bitcoin mining activities…

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For the past two years, SDF and other community members have been working to incorporate smart contract functionality into the Stellar network. For Stellar, this is a big step forward. The goal of this integration is to offer a plethora of additional options and capabilities while maintaining complete compatibility with current network features. Recently, a significant achievement was made in this endeavour. Working with the maintainers of many well-known Stellar Software Development Kits (SDKs), the SDF has produced a software suite that addresses every facet of Protocol 20. The Stellar network will support Soroban smart contracts thanks to this eagerly…

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A recent $16 million total capital outflow from digital asset investment products put an end to an 11-week run of consecutive inflows. A total amount of $3.6 billion was traded for the week, exceeding the year-to-date average of $1.6 billion. Despite this, trading activity remained strong. With an outflow of about $18 million, the United States had the largest concentration of capital outflow. There was a $10 million little outflow for Germany as well. By comparison, capital inflows of $6.9 million and $9.1 million, respectively, were recorded in Canada and Switzerland. The varied regional flow trend points to profit-taking rather…

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The parent business of bankrupt cryptocurrency lender Genesis, Digital Currency Group (DCG), has been effectively prevented from selling or lowering its shareholding in the company until the Chapter 11 procedures are concluded. According to a Monday court judgement, Genesis aimed to prevent any ownership transfers in order to obtain specific tax benefits. Only if Genesis stays a member of the tax-consolidated group with DCG acting as the common parent will these advantages be available. According to a November motion, Genesis may forfeit advantages on almost $700 million in federal net operating loss carryforwards if DCG’s stake of the lender drops…

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With the successful launch of Swaps V2, a major update that simplifies the crypto-crypto swaps procedure, StrikeX has announced. The latest version of StrikeX Wallet represents a significant advancement in the company’s quest to dominate the industry with its improved functionality, security, and user-friendly design. With Swaps V2, users can quickly and easily switch any token thanks to an advanced, safe, and user-friendly interface. Whether it is working with recently released tokens or well-known cryptocurrencies, the platform accommodates all tastes. Tokens can also be easily imported by users using the contract address of the token, which instantly makes them swappable.…

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