Donald Trump is set to deliver a keynote address at the Bitcoin 2024 conference in Nashville on Saturday, July 27. This will mark the first appearance of a US presidential candidate at this major Bitcoin event, with Trump scheduled to speak for 30 minutes on the conference’s final day. While the exact content of his […]
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On July 25, 2024, data from Farside Investors indicated varied trends for both Bitcoin and Ethereum ETFs. Bitcoin ETFs experienced a slight increase overall. Of all spot Bitcoin ETFs, only BlackRock’s IBIT saw an inflow at $70.7 million, but this gain was offset by Grayscale’s GBTC, which declined by $39.6 million. The net change for […]
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The SEC has filed a new lawsuit against Consensys for alleged violations of federal securities laws. The complaint centers on Consensys’s MetaMask wallet services, specifically the Swaps and Staking features, which the SEC claims have been operating as unregistered broker services since October 2020 and January 2023, respectively. The lawsuit follows a Wells Notice from […]
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The emergence of various blockchain scaling solutions has sparked discussions about the differences and roles of Layer 1, Layer 2, Layer 3, parachains, and sidechains in the evolving crypto ecosystem. Understanding these concepts is crucial for developers, investors, and users navigating the complex landscape of blockchain technologies – but it’s not always very clear which […]
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After a face-melting rally in the AI crypto sector over the past few months, investors appear to have taken a profit-taking approach over the past few days. The sector soared past $10 billion in mid-February, buoyed by Bittensor’s remarkable climb to a $4 billion market cap with an increase of over 220% in 2024. By […]
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While Bitcoin has seen a pullback from its recently set new all-time high of $73,750 on March 14, currently trading down around 8%, other Bitcoin forks have fared much worse. Following the morning of the landmark ruling against Craig Wright on March 14, Bitcoin Satoshi’s Vision is down 17% against BTC. Other Bitcoin forks, such […]
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The notional total of leveraged long Bitcoin derivatives traders still surpasses $40 billion even after the recent swathe of liquidations, according to data from Coinglass. Shorts are primarily above $71,000 and amount to around $12 billion in notional value. Total open interest in futures contracts comes to $35 billion, while options contracts hold $31 billion […]
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Bitcoin ETF inflows totaled $132 million on March 14, per data from Bitmex Research. The result, while strong, marks a slowdown from earlier in the week. BlackRock’s Bitcoin ETF saw $345.4 million in inflows, the highest among providers. However, Grayscale’s Bitcoin Trust (GBTC) experienced outflows of $257.1 million, down slightly from the day before. In […]
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The Avalanche Foundation has announced its acquisition of five community (meme) coins native to the Avalanche blockchain network, as reported in a recent blog post. This move is part of the Foundation’s ongoing Culture Catalyst program, which aims to support Web3 creators, drive innovation on Avalanche, and promote broader blockchain adoption. According to the Avalanche […]
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Recent data on Bitcoin liquidations and leverage levels indicates unique price discovery activity as longs and shorts have been swept from the market. Much of the leveraged positions were shaken out last week as Bitcoin saw volatile price actions around the US market open. The liquidation chart from CoinGlass below highlights how trading activity on […]
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Bitcoin has broken the $53,000 level for the first time since Dec. 4, 2021, and is currently sitting around $53,538 as of press time.  Ethereum is also up on the day, surpassing $3,150, an increase of 4% on the intra-day low. However, the strength of the Bitcoin-led rally can be seen in the ETH-BTC ratio, […]
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A novel aspect of the new spot Bitcoin ETFs, as approved by the SEC, is the cash-creation mechanism for issuing and redeeming shares. The ETFs are considered commodity-shares ETFs, yet, as BlackRock points out in its iShares Bitcoin ETF (IBIT) prospectus, “all spot-market commodities other than bitcoin, such as gold and silver, employ in-kind creations […]
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According to data from trading firm Webull, around 70% of Grayscale GBTC holders likely remain in profit. The average shares were purchased at $27.82, some 20% below the current price as of press time. The Webull data shows the state of the trust the day before its conversion to a spot Bitcoin ETF and indicates […]
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BlockFi has reached an agreement in principle with Vrai Nom Investment in its complex bankruptcy proceedings, potentially marking a pivotal moment in the crypto lending firm’s efforts to navigate its financial challenges. BlockFi has been granted an adjournment on related hearings until Dec. 19. As BlockFi emerges from the shadows of its November 2022 bankruptcy […]
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The GAM3 Awards 2023 in collaboration with GAM3S.GG and Magic Eden features a prize pool exceeding $2M. It will take place on Dec. 14. With 214 games initially nominated, the selection process was entrusted to a panel of over 70 experts from the traditional and web3 gaming sectors. This jury comprises executives from tech giants […]
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With OpenAI in turmoil, rival Anthropic has released its latest model, Claude 2.1, which it says sets a new benchmark in artificial intelligence, particularly in its application within enterprise environments. As of Nov. 21, Claude 2.1 is already live, powering claude.ai’s chat experience, and is accessible via API. The company states that the update is […]
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