As Republican presidential hopeful Vivek Ramaswamy rides a wave of exposure following his breakout performance in last week’s kickoff GOP primary debate, the public is getting a closer look at the tech entrepreneur’s vision for America—including the role of cryptocurrency. While many of Ramaswamy’s proposed policies rhyme with those of his primary challengers, they also tend to lean further into…
Month: August 2023
SEC delays decision on 6 spot Bitcoin ETF applications
The SEC has delayed its decision on BTC exchange-traded fund applications from WisdomTree, Invesco Galaxy, Valkyrie, VanEck, Bitwise Asset Management and Fideli… Source: https://cointelegraph.com/public/index.php/news/sec-delays-decision-on-wisdomtree-s-spot-bitcoin-etf
IBM offers guidance for successful implementation of digital euro
IBM has some ideas about what it will take to make the digital euro a success, which it shared in a recent blog post. It suggested five items for designers to help the European Central Bank digital currency “enter the highly competitive, multifaceted, and heterogeneous payments landscape in the Eurozone.” Some of the IBM points are already found in the…
BlackRock’s Bitcoin ETF to be the 7th application delayed by SEC today
The United States Securities and Exchange Commission has delayed an application for a Bitcoin exchange-traded fund from global asset manager BlackRock. The asset manager, which is said to have 8.5 trillion of assets on its books, has had its iShares Bitcoin Trust delayed, aimed at offering investors access to Bitcoin markets without having to have direct exposure to BTC itself. In…
Google’s Generative AI Tools Now Turn Text Into Online Worlds
Some game developers are turning to artificial intelligence to make the creative process faster and easier—and cheaper, too. At Google Cloud Next in San Francisco, startup Hiber announced the integration of Google’s generative AI technology in its Hiber3D development platform, which aims to simplify the process of creating in-game content. Hiber said the goal of adding AI is to help…
No Internet? You Could Still Use Bitcoin on the Lightning Network
No access to the internet? In addition to not being able to browse tweets or the latest heart-melting cat eating corn on the cob video, lack of a connection means users can’t make Bitcoin payments. Researchers have long been exploring how to get around this problem in the case of natural disasters or in areas of the world where internet…
SEC Punts on Three Bitcoin ETFs—With More Delays Expected
The Securities and Exchange Commission (SEC) has said it needs a “longer period” to evaluate several spot Bitcoin ETF application, including those of Wisdom Tree Funds, Invesco and Galaxy Digital, and Valkyrie Funds. According to a filing from the securities regulator, it’ll need until at least Oct. 17 to decide whether to approve or reject the applications. The SEC would…
SEC delays decision on spot Bitcoin ETF applications from WisdomTree, Invesco, and Valkyrie
The United States Securities and Exchange Commission (SEC) has postponed its decision on WisdomTree’s Bitcoin Trust first filed on Dec. 8 2021. The institutional giant refiled its ETF application on July 19, 2023 with the first deadline approaching. WisdomTree’s Bitcoin ETF proposal didn’t get the SEC’s approval in 2021. However. after BlackRock joined the spot Bitcoin ETF race, WisdomTree refiled…
KC Fed tracks healthy growth of crypto ATM industry despite predatory operators
The crypto ATM business is thriving in the United States, despite criticism for illegal or predatory behavior, according to a report released by the Federal Reserve Bank of Kansas City. It has a growing customer base that could sometimes benefit from better education about crypto, the report concluded. Crypto ATMs convert Bitcoin (BTC) and often other cryptos or stablecoins into…
Grayscale Bitcoin Trust Investors Who Bought December Dip Are Up 137%
As the discount shrinks between the price of Grayscale’s Bitcoin Trust (GBTC) and its Bitcoin holdings, traders who scooped up shares during what was perhaps the product’s darkest day are notching lucrative gains. Shares of GBTC traded hands at $19.71 when markets opened Thursday, 137% higher than $8.29 on December 13 of last year. At the time, GBTC traded at…