Author: e_cash_top

[ad_1] Big banks are poised to enter and potentially dominate the stablecoin market, overshadowing current leaders like Tether, according to former BitMEX co-founder Arthur Hayes. In a recent interview with Unchained’s Laura Shin, Hayes said that centralized stablecoins have found a lucrative niche due to the reluctance of traditional banks to engage in similar activities.…

[ad_1] The cryptocurrency market kicked off the new year slowly as over 99,000 traders were liquidated of approximately $225 million within the past day. Data from Coinglass shows that traders betting on further price increases bore the brunt of the losses, with around $135.70 million liquidated. On the other hand, traders with bearish sentiments— short…

[ad_1] The past year has witnessed the ascendancy of Zero-Knowledge (ZK) technology. From its potential to increase and secure privacy protocols in the Web3 space, to its increased efficiency in validating transactions, the implementation of the tech is further cementing the growth and integration of blockchain into our daily lives. Its role in increasing efficiency…

[ad_1] Bitwise has also updated its S-1 form submitted by the Dec. 29 deadline set by the SEC and revealed a planned $200 million seed investment for its spot Bitcoin (BTC) exchange-traded fund (ETF). The amount is 20x larger than the $10 million seed investment recently announced by BlackRock for its spot Bitcoin ETF. The…

[ad_1] The post Bitcoin 2023 year in review: Analysis of BTC’s key metrics appeared first on CryptoSlate. [ad_2] Source link

[ad_1] A U.S. District Court has once again denied Binance founder Changpeng ‘CZ’ Zhao’s request to travel internationally in a sealed order, Bloomberg News reported. CZ, who is currently facing sentencing in the U.S. for criminal charges, had filed a motion seeking permission to visit the UAE, where his family resides. The motion was rejected by…

[ad_1] In a filing on Dec. 29, U.S. prosecutors said that they will not be pursuing a second trial for additional charges against former FTX founder Sam Bankman-Fried (SBF). On Nov. 3, SBF was convicted of seven charges of fraud. SBF was expected to be prosecuted on six additional charges in a separate trial. The…

[ad_1] VanEck amended its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC) on Dec. 29. The company’s updated S-1 form notably removes immediate allowance for in-kind transactions involving Bitcoin. The Dec. 29 update says that authorized financial firms will deliver and receive only cash during share creation and redemption. It adds…

[ad_1] Coinbase Custody has made adjustments in preparation for its role in pending spot Bitcoin ETFs, Bloomberg reported on Dec. 29. A Coinbase representative said: “We have extensively prepared for ETF approval … Our systems have been designed and tested to handle added trading volume, increased liquidity and general increases in demand on our systems.”…

[ad_1] BlackRock submitted an update to its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC) on Dec. 29. BlackRock’s filing now names two authorized participants that will be involved in share creation and redemption: Jane Street Capital and JP Morgan Securities. Bloomberg ETF analyst Eric Balchunas noted that JP Morgan’s inclusion…