As spot Bitcoin exchange-traded fund (ETF) issuers iron out details of their filings with the U.S. securities regulator, it appears that the SEC is steadfast in demanding a “cash” redemption model rather than alternative model proposed by other issuers, such as BlackRock. On Dec. 14 finance lawyer Scott Johnsson said that ETF applicant Invesco has become the latest to bend…
Month: December 2023
More firms set to add Bitcoin to balance sheets after major rule change
Bitcoin (BTC) and crypto may soon see another mass wave of adoption by U.S.-based firms, after a new accounting rule change that lets companies more accurately reflect the value of their crypto holdings. Cory Klippsten, the CEO of Bitcoin-only exchange Swan Bitcoin, told Cointelegraph that Bitcoin-holding companies like MicroStrategy and Tesla, which both had to report impairment on their holdings, “can…
Bitcoin to surge to $80K as stablecoins overtake Visa in 2024: Bitwise
Bitcoin is poised to record a new all-time high of $80,000 in 2024, the same year stablecoins are set to collectively settle more money than payments giant Visa, says a Bitwise senior research analyst. In a Dec. 13 post to X (formerly Twitter), Bitwise’s Ryan Rasmussen outlined ten bullish predictions for the crypto industry in 2024, with one of the…
2023 Will Be the ‘Last Year You’ll Know A Song Was Written by a Human’: Queen Guitarist
The explosive rise of AI in music production this year is only the beginning of a seismic shift in the industry, says legendary Queen guitarist and scientist Brian May, who says from here “it’s going to be very strange.” “AI is going to have the ability to dredge everybody else’s talent and make something out of it, which is a…
OpenAI Joins Rolling Stone Publisher to Merge AI With Journalism
Leading artificial intelligence firm OpenAI has joined forces with Axel Springer—the publisher behind dozens of prominent media outlets from Politico to Business Insider to Rolling Stone—to take the “business model of journalism to the next level,” which is marked by “AI empowered journalism.” Axel Springer CEO Mathias Döpfner said it was a “first of its kind” collaboration in which ChatGPT…
Yearn.finance pleads arb traders to return funds after $1.4M multisig mishap
Decentralized finance protocol Yearn.finance is hoping arbitrage traders will return $1.4 million in funds after a multisignature scripting error, resulting in a large amount of the protocol’s treasury being drained. “A faulty multisig script caused Yearn’s entire treasury balance of 3,794,894 lp-yCRVv2 tokens to be swapped,” according to a Dec. 11 GitHub post by Yearn contributor “dudesahn.” The error occurred…
‘Lords of Light’ NFT Game Studio Raini Reveals New Owners, RST Token on Beam
Crypto infrastructure firm Ceden and the studio behind the NFT collection Kanpai Pandas have bought and acquired Raini Studios, the firms announced Wednesday. The new joint venture is called RJV International DBA Raini Studios, according to a post from the Raini team. The team’s token, RST, is a consolidation of its previous RAINI and PHOTON tokens and will now live…
Solana Meme Coin BONK Hits Another All-Time High Ahead of Coinbase Listing
BONK, the leading Solana meme coin that has seen a propulsive price surge in recent weeks, spiked again Wednesday afternoon after Coinbase announced that it will list the coin on Thursday. Coinbase just announced Tuesday that it intended to list BONK, but did not specify when that would happen. Despite the news, BONK had a quick jump in price late…
Social Giant Line Raises $140 Million for NFT Push, ‘Brown and Friends’ Games
Line Next, the NFT subsidiary of Japanese messaging giant Line, has raised $140 million in a funding round led by private equity firm Crescendo Equity Partners. The investment marks the largest backing for an Asian blockchain company this year, the company claims. The firm plans to use the fresh capital injection to expand its global NFT business and introduce new…
Terrorism & Israel-Gaza war weaponized to destroy crypto
Anti-crypto politicians in Washington are weaponizing disputed claims about crypto funding Hamas to try and pass draconian new legislation. Source: https://cointelegraph.com/news/https://cointelegraph.com/magazine/how-terror-israel-gaza-war-being-weaponized-destroy-crypto/