Category: Latest news

[ad_1] The crypto summer of 2020/21 saw most alternative Layer 1 protocols skyrocket to insane valuations and many projects in their respective ecosystems. This period became known to the wider industry as ‘DeFi Summer.’ With stimulus checks being handed out across the West and the looming uncertainty over the lifting of COVID lockdowns,  the economic…

[ad_1] Jump Trading, a prominent player in the cryptocurrency trade, has separated its cross-chain protocol Wormhole into an independent entity, Bloomberg News reported Nov. 17, citing sources familiar with the matter. The spin-off has resulted in the departure of key Jump Trading executives, including Wormhole CEO Saeed Badreg and COO Anthony Ramirez, who will continue…

[ad_1] The U.S. Securities and Exchange Commission (SEC) recently announced that it will extend its decision-making period for two pending spot Bitcoin Exchange Traded Funds (ETFs), according to separate filings made on Nov. 17. The first filing concerns a proposed rule change that would allow Cboe BZX Exchange to list GlobalX’s spot Bitcoin ETF. The…

[ad_1] Fidelity Investments has filed for a spot Ethereum exchange-traded fund (ETF), as seen in a filing with the Securities and Exchange Commission (SEC) on Nov. 17. Cboe BZX submitted a 19b-4 filing describing a proposed rule change that would allow it to list and trade shares of Fidelity’s planned fund. The new Ethereum proposal…

[ad_1] Senator Elizabeth Warren warned of cryptocurrency scams targeting seniors during a U.S. Senate Special Committee on Aging on Nov. 16. There, Warren cited statistics from the FBI indicating that crypto fraud stole $2.5 billion from consumers in 2022. She added that this fraud primarily targets consumers. She emphasized that such fraud often targets the…

[ad_1] OpenAI, a leading entity in the artificial intelligence domain, has announced a significant shift in its leadership. Mira Murati, the Chief Technology Officer of the organization, has been appointed as the interim CEO following the departure of Sam Altman, who has also stepped down from the board of directors. According to the official statement,…

[ad_1] Bloomberg analyst Eric Balchunas reported on Nov. 17 that securities regulators are instructing spot Bitcoin ETF applicants to handle funds in a specific way. In a post on X, Balchunas wrote: “Hearing chatter [that the Securities and Exchange Commission’s Trading & Markets division] engaged [with] exchanges this week on spot bitcoin ETF 19b-4s, is…

[ad_1] Daily trading volumes on South Korean exchanges have hit their highest point since August last year, with altcoins dominating the transactions, according to data from blockchain analytical firm Kaiko. Trading activities on major South Korean platforms, including Upbit, Bithumb, Coinone, and Korbit, surged to an average of more than $4 billion towards the end…

[ad_1] As both artificial intelligence and cryptocurrency gain traction in several aspects of our lives, their escalating energy demands have become a critical issue. Like all technologies that improve our quality of life at the cost of using resources, generative AI and cryptocurrencies—Bitcoin (BTC) in particular—have already produced tremendous value while consuming tremendous amounts of…

[ad_1] Quick Take The Bitcoin market is witnessing an intriguing phase of liquidity transformation. The liquid supply, representing the traded Bitcoin, has dwindled to 1,295 million Bitcoin – a record low unseen since 2012. This indicates a shrinking pool of Bitcoin under active circulation, potentially creating supply-demand tension in the market. Liquid and Illiquid Supply:…