Author: e_cash_top
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BIS raises concerns over future of metaverses, advocates for strong public policy framework
[ad_1] The Bank for International Settlements (BIS) has issued a stark warning about the potential for fragmentation and the risk of dominance by private firms within the nascent metaverse, emphasizing the crucial role of public policies in safeguarding this digital ecosystem’s future. In a comprehensive report published on Feb. 7, the watchdog highlighted how the…
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What Bitcoin’s trading patterns on centralized exchanges tell us about the market
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Bitcoin surpasses $44.2k, a level last seen days after Bitcoin ETF approvals
[ad_1] Bitcoin prices rose above $44,200 on Feb. 7, a price level observed shortly after spot Bitcoin ETFs gained approval last month. Specifically, Bitcoin (BTC) is up 2.5% over 24 hours as of 10:45 p.m. UTC, with a market price of $44,263.78 and a capitalization of $868 billion. This marks a nearly one-month high, as…
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Monero rebounds with 23% gain, marking recovery from news of Binance delisting
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Ark and 21Shares amend spot Ethereum ETF with cash creation/redemption policy
[ad_1] Ark Invest and 21Shares amended their joint application for a spot Ethereum exchange-traded fund (ETF) in a Feb. 7 S-1 filing. According to one section, financial firms that are allowed to purchase and redeem ETF shares will only have access to cash creations and redemptions. They will not have access to in-kind creations and…
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Abu Dhabi Global Market partners with Solana Foundation to drive web3 adoption in UAE
[ad_1] The Abu Dhabi Global Market (ADGM) has signed a Memorandum of Understanding (MOU) with the Solana Foundation to drive the adoption of Distributed Ledger Technology (DLT) solutions and propel blockchain innovation, according to a Feb. 7 press release. The announcement comes on the heels of ADGM’s pioneering introduction of the DLT Foundations Regulations, a…
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COPA lawyers struggle to keep Wright on topic as courtroom heats up
[ad_1] On Day three of the COPA v WRIGHT trial to determine whether Dr. Craig Wright is Satoshi Nakamoto, Wright, visibly frustrated, gave impassioned monologues around his thousands of whitepapers and how his vision for Bitcoin differs from the current iteration. Noting that the bodies, cameras, and equipment in the courtroom had caused the temperature…
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Prosecutors raise concerns over lawyers defending SBF, Mashinsky
[ad_1] U.S. prosecutors have requested a special hearing to delve into potential conflicts of interest involving lawyers representing two notable figures in the crypto world: Sam Bankman-Fried (SBF), the former CEO of FTX, and Alex Mashinsky, the former head of Celsius Network. Both individuals are currently facing criminal charges related to fraud after their respective…
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Australian Bitcoin miner Iris sets 20 EH/s hash rate target as US mining falters
[ad_1] Australian Bitcoin mining company Iris Energy has outlined ambitious plans to ramp up its hash rate to 20 exahashes per second (EH/s) by the latter part of this year, as detailed in a Feb. 7 update. To achieve this significant milestone, Iris agreed with Bitmain to secure 10 EH/s of new T21 miners at…
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MicroStrategy’s leverage scenarios show potential for astronomical returns on Bitcoin investments
[ad_1] Quick Take In its Q4 earnings report, MicroStrategy disclosed its substantial Bitcoin investment in Q4 2023 of $1.25 billion, which is now worth a staggering $8 billion. The firm holds 190,000 BTC in its corporate treasury. MicroStrategy’s Q4 2023 Earnings Presentation shows that this strategic decision has paid dividends, as its stock has surged…