A panel of judges heard oral arguments in the Grayscale Investments suit against the United States Securities and Trade Commission (SEC) on March 7. Grayscale is challenging the SEC order not to approve Grayscale’s application to create a Bitcoin (BTC) spot exchange-traded fund (ETF). The SEC issued its order on July 6, 2022. Former solicitor general Donald Verrilli Jr. represented…
Creditors from Mt. Gox have until the end of the week to register and select a repayment method as part of the plan by which they will be compensated for their losses with the defunct crypto exchange. In a March 7 announcement, Mt. Gox trustee Nobuaki Kobayashi reiterated a January notice reminding creditors who had not registered for repayment they…
The price of Ether (ETH) declined 6% between March 2-3, followed by a tight range trading near $1,560. Still, analyzing a wider time frame provides no clear trend, as its chart can point to a descending channel or a slightly longer seven-week bullish pattern. Ether (ETH) price index in USD, 1-day. Source: TradingView Ether’s recent lack of volatility can be…
Crypto investment platform CoinFLEX has received approval for its restructuring plan from the courts in Seychelles, the company announced March 7 on its blog. The courts are expected to publish the order the same week, the blog post added. Trading in locked assets has been halted until 24 hours after the publication of the court order on the restructuring to…
Silver prices have been hovering just below the $21 per troy ounce mark over the last 24 hours, after jumping above the $24 range in mid-January. While long-term and modest forecasts expect silver to hit $30 by 2025 and $40 by 2027, Keith Neumeyer, CEO of First Majestic Silver, thinks medium to long-term, silver could reach $125 per ounce, thanks…
Absolute Labs CEO: Big Brands Are Trying to Understand and Harness Crypto Wallets Samir Addamine, Co-founder and CEO of Web3 CRM software company Absolute Labs, told Decrypt’s Dan Roberts at NFT Paris that big consumer brands are rushing to figure out crypto wallets and how they can harness them for their marketing purposes and to deepen ties with customers. Source:…
For all the buzz artificial intelligence has generated across the crypto industry, Ava Labs CEO Emin Gün Sirer isn’t impressed—yet. “We can’t all go into AI,” he said during a recent interview for the gm from Decrypt podcast. “The AI valuations are sky high. There’ll be some stuff there, maybe, but $30 billion valuations for things that barely hold a…
With today’s refresh of the Decrypt homepage, you may have noticed the addition of a new section with a modest footprint: a human-curated feed of AI-summarized breaking news headlines generated from sources around the web. We call this feature the News Explorer. It’s a small but important foray into the world of AI content curation and creation for Decrypt, and…
Web3 app developer Kresus has closed a $25 million funding round to support the development of its so-called SuperApp, potentially opening the door to broader consumer adoption of digital assets. The Series A funding round was led by Liberty City Ventures, with additional participation from JetBlue Ventures, Craft Ventures, Franklin Templeton, Marc Benioff and Cameron and Tyler Winklevoss. Kresus said…
Bitcoin (BTC) faced a 1-hour $1,420 pullback on March 3 following Silvergate Bank’s 57.7% stock crash which was due to significant losses and “suboptimal capitalization.” The U.S. fintech-friendly bank was a key financial infrastructure provider for exchanges, institutional investors and mining companies and some investors are worried that its potential demise could have wide-ranging negative impacts on the crypto sector.…
