A prominent crypto lawyer who helped Ripple Labs and XRP in the case against the U.S. Securities and Exchange Commission (SEC) is volunteering to represent US retail token holders during an upcoming Congressional hearing. Responding to an announcement made by the Financial Services GOP about the upcoming Capital Markets and Digital Assets, Financial Technology and …
Monthly archives: January 2024
Multiple spot Bitcoin ETFs will be approved, TechCrunch’s inside sources say
TechCrunch senior crypto reporter Jacquelyn Melinek claimed on Jan. 4 that regulators will approve more than one spot Bitcoin ETF at once. Melinek posted to Twitter/X: “[I have] heard from sources extremely close to the matter that the bitcoin spot ETF is going to be approved by the SEC for multiple firms’ applications.” Though simultaneous …
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Spot Bitcoin ETF expected by just 39% of financial advisors this year: Bitwise survey
Bitwise reported on Jan. 4 that surveyed financial advisors largely do not expect a spot Bitcoin exchange-traded fund (ETF) to be approved this year. The company’s results suggest that most do not believe the U.S. Securities and Exchange Commission (SEC) will soon approve such a fund. It wrote: “In a surprising development, only 39% of …
Marathon sets new record after mining 1,853 Bitcoin in December
Marathon Digital achieved a record-breaking production of 1,853 Bitcoin (BTC) in December 2023, marking the highest monthly total ever recorded by a public BTC mining company. The growth represents a significant 290% year-over-year increase and a 56% rise from the previous month. Marathon chairman and CEO Fred Thiel attributed the achievement to the company’s strategic expansion …
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California senator proposes new legislation to ‘democratize’ AI resources
Senator Steve Padilla (D-San Diego) proposed new legislation in the form of Senate Bills 892 and 893 to establish a robust and ethical AI framework in California, according to a Jan. 3 press release. The proposed rules mark a significant step toward harnessing AI’s potential while ensuring its safe and responsible use, particularly in state …
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Institutions Will Flock to Crypto Markets After Bitcoin ETF Approval, Says CBOE Digital President: Report
The president of crypto clearing house CBOE Digital is reportedly optimistic that the greenlighting of the first Bitcoin (BTC) exchange-traded fund in the US will fuel institutional interest in the crypto markets. According to a new report from Bloomberg, John Palmer anticipates new institutional investors, including pension and registered investment advisor (RIA)-based funds, will flock …
Crypto Analyst Breaks Down ‘Massive’ Altcoin Liquidations, Updates Outlook on Bitcoin (BTC)
A widely followed crypto analyst is diving into the crypto markets as Bitcoin (BTC) plateaus and altcoins see “massive liquidations.” Crypto trader Michaël van de Poppe tells his 680,800 followers on the social media platform X that altcoins underwent their biggest day of liquidations yesterday in the past two years. “Massive liquidations today, the largest for Altcoins …
EU To Investigate Links Between Banks and Non-Bank Entities, Including Crypto Firms: Report
Regulators in the European Union will reportedly probe into the connection between banks and non-bank financial institutions (NBFIs) amid concerns that stress in the so-called shadow banks may cascade into the wider financial system. According to a new report from Financial Times, European Banking Authority (EBA) chair José Manuel Campa says that regulators will ramp …
Solana-Based Altcoin Skyrockets 85% in 24 Hours As Coinbase Adds the Crypto Asset to Listing Roadmap
A Solana-based (SOL) altcoin is surging as the top US crypto exchange platform adds it to its listing roadmap. In a new announcement, Coinbase says it will be adding the decentralized global mapping network Hivemapper (HONEY) to its listing roadmap, meaning it could soon add support for it. The move caused the digital asset to …
Ethereum Blockchain Data Platform Etherscan Acquires Solana Ecosystem’s Block Explorer Solscan
Etherscan, Ethereum’s (ETH) blockchain data explorer, has acquired its counterpart in the Solana (SOL) ecosystem, Solscan. Solscan launched in 2021 and has served more than 3 million monthly users since then, according to a press release announcing the acquisition. Both websites offer address information, token and transaction data, application programming interfaces (APIs), dashboards and non-fungible …
Solana-Based Card Strategy Racing Game MixMob Racer 1 Launches With Race-To-Earn Mechanics
January 4, 2024 – Vancouver, Canada MixMob, a Solana-powered gaming universe on Remix Culture, has launched the first card strategy racing game, Racer 1, with ‘race-to-earn’ gameplay mechanics where gamers, crypto enthusiasts and degens can participate and win crypto. Developed by a seasoned team of gaming industry experts who worked on AAA titles such as …
Bitcoin investors show staying power with 43% of supply untouched for over three years
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 on …
Coinbase UK mandates risk acknowledgment from users under new FCA rules
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 on …
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Bitcoin ETF decision may be ‘imminent’ as VanEck, Grayscale file exchange registration form: Bloomberg Analyst
Three hopeful ETF candidates, Grayscale and Fidelity, and VanEck have now filed their form 8-A with the U.S. Securities and Exchange Commission (SEC), marking significant steps forward in the ongoing efforts to establish a spot Bitcoin ETF. These filings are crucial as they signify the registration necessary for issuers to trade on an exchange upon …
The three-week trend of Bitcoin surpassing Ethereum in transaction fees has come to an end
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 on …