Author: e_cash_top

[ad_1] Ark Investment Management and 21Shares have filed to offer a spot Ethereum exchange-traded fund (ETF), Bloomberg reported on Sept. 6. The two companies submitted their application to the Securities and Exchange Commission (SEC) on the day of that report. If the fund is approved, it will trade under the ticker ARKE. The fund would…

FTX reorganizing on-chain assets by bridging tokens, consolidating holdings

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[ad_1] Bankrupt crypto exchange FTX revealed in a tweet on Sept. 6 that it is in the process of moving its cryptocurrency holdings. The company said that it is moving bridged tokens on multiple networks to their native blockchains. FTX has yet to disclose the specific cryptocurrencies affected by this initiative, as well as the…

Fading Bitcoin open interest might hint at imminent market stability

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[ad_1] Quick Take The current Bitcoin open interest is on an unprecedented low trajectory, nearing year-to-date (YTD) lows with approximately 400,000 Bitcoin in open interest contracts. Concurrently, the ratio of open interest to market cap has descended to the lower limit of its channel at 1.88%. This proportion saw its peak at 2.4%, coinciding with…

Japan’s SBI Group partners with Ripple, but XRP price remains unaffected

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[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…

Tornado Cash developer Roman Storm pleads not guilty to charges of conspiracy, money laundering; released on $2M bond

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[ad_1] Roman Storm, a key developer behind cryptocurrency mixer Tornado Cash, pleaded not guilty to several criminal charges, Inner City Press said on Sept. 6. That report indicates that Storm pleaded not guilty to charges contained within an earlier indictment. Those charges, which were first announced on Aug. 23, include conspiracy to commit money laundering,…

Grayscale revealed as second-largest Bitcoin holder despite confidentiality efforts: Arkham Intelligence

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[ad_1] Blockchain analytical firm Arkham Intelligence identified Grayscale’s Bitcoin Trust as the second-largest Bitcoin (BTC) holder in a Sept. 6 post on X, formerly Twitter. The company said that the trust is the “second largest BTC entity globally” and that the fund contains over $16 billion of the flagship digital asset. This is in tandem…

Hash rate decline corresponds to decrease in Bitcoin’s difficulty adjustment

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[ad_1] Quick Take 2023 marks a noticeable development in Bitcoin’s operational dynamics through a shift in difficulty adjustment—a mechanism that ensures consistent block discovery times despite varying hash power. Out of the 18 adjustments that have transpired so far this year, six have been negative, accounting for 33% of the total adjustments this year. The…

Adaptation and Growth: Bitfinex’s Resilience in the Crypto Revolution

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[ad_1] Bitfinex initially emerged in 2012 as a harbinger of change, fueling the evolution of digital trading. Armed with a steadfast mission, Bitfinex set out to provide a robust trading platform for Bitcoin and a plethora of cryptocurrencies. Its advanced trading tools, an extensive selection of trading pairs, and pioneering features like margin trading, lending,…

Decoding SLRV Ribbons and what they mean for Bitcoin’s price

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