ARK Invest, one of the firms hoping to launch a spot Bitcoin exchange-traded fund (ETF) next year, is continuing to rake in the profits made from its large stash of Coinbase (COIN) stock. On Dec. 5, ARK dumped as many as 237,572 Coinbase shares from its three funds, according to a trade notification seen by Cointelegraph. The sale came on…
In a historic move, the first-ever studio recording of a young Michael Jackson, kept under wraps for nearly five decades, will be released on Dec. 7 as a “digital vinyl” via a blockchain-based platform. The track, titled “Big Boy (One-Derful Version),” will be digitally published through blockchain music platform Anotherblock and will be accessible through the platform’s player alongside images…
Société Générale, France’s third-largest bank, has debuted its native euro-pegged stablecoin, making it one of the first European banking giants to foray into the stablecoin market. The euro-pegged stablecoin, EUR CoinVertible, will debut on the Luxembourg-based Bitstamp crypto exchange, the Financial Times reported. EUR ConVertible will be fully backed by the euro, allowing bank customers to participate in the digital asset…
Four United States senators have written to Federal Trade Commission (FTC) chairperson Lina Khan requesting information on efforts taken by the FTC to track the use of artificial intelligence (AI) in scamming older Americans. In the letter addressed to Khan, U.S. senators Robert Casey, Richard Blumenthal, John Fetterman, and Kirsten Gillibrand highlighted the need to respond effectively to AI-enabled fraud and…
Importance of composability in the DeFi ecosystem Composability acts as a catalyst for growth, propelling decentralized finance’s ongoing development and growth. In decentralized finance (DeFi), composability refers to the ability of various apps and protocols to seamlessly communicate with each other, allowing their building blocks to be combined and integrated to create new functionalities or financial services. This interoperability is…
A bug fix on the Bitcoin network could put a stop to new Bitcoin Ordinals and BRC-20 tokens as they’re causing network congestion by “exploiting a vulnerability,” claims a Bitcoin Core developer. In a Dec. 6 X (Twitter) post, developer Luke Dashjr said inscriptions — used by Ordinals and BRC-20 creators to embed data on satoshi’s — exploit a Bitcoin…
The Bitcoin (BTC) Ordinals-based ORDI token has become the first BRC-20 token to top a $1 billion market capitalization after staging triple-digit monthly and weekly percentage gains. ORDI notched a new all-time high of over $65 on Dec. 5, surging more than 850% from around $6.80 on Nov. 5, per CoinGecko data. ORDI is up 216% in the last seven…
DEBT Box and other defendants in a Securities and Exchange Commission lawsuit want the case tossed after the court found the agency lied to secure a temporary restraining order against them. “The SEC got this case wrong. Badly wrong,” lawyers for Digital Licensing Inc., which does business as DEBT Box, told Utah federal court Judge Robert Shelby in a Dec.…
Bitcoin (BTC) futures open interest has reached $5.2 billion on the global derivatives giant Chicago Mercantile Exchange (CME), $200 million shy of its late October 2021 all-time high. Open interest in CME’s Bitcoin futures has grown from $3.63 billion to $5.20 billion over the last 30 days, according to Coinglass data. The open interest surge has run parallel to Bitcoin’s…
As AI companies compete for market dominance, a group of tech giants led by IBM and Meta has formed a new organization, the AI Alliance, to work with each other instead of against. The companies announced on Tuesday the goal of supporting transparent innovation and responsible development in artificial intelligence. The AI Alliance aims to prioritize safety, collaboration, diversity, economic…
