Some experts are still speculating that the final approval of spot Ether exchange-traded funds could allow listing and trading as early as July. Source: https://cointelegraph.com/news/vaneck-21shares-ether-etf-sec-approval-launch?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: July 2024
Lionel Messi promotes Solana memecoin on Instagram
The soccer legend touted Watercoin, a memecoin purportedly focused on raising awareness and providing solutions for ecological issues. Source: https://cointelegraph.com/news/lionel-messi-promotes-solana-memecoin-instagram?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nigeria Explores Building Its Own ‘Nigerium’ Blockchain
Nigeria intends to build a blockchain system to cater to local needs and boost its “data sovereignty.” Nicknamed Nigerium, the blockchain will be built by the country’s National Information and Technology Development Agency (NITDA). However, a spokesperson for NITDA told Decrypt on Monday that there is no timeline for its development and implementation. “[The] committee is still in discussion with…
Phaver’s Japan Lead Ace Shares Insights on Navigating the Japanese Web3 Market
This week, I had the opportunity to speak with Ace, the Japan lead for Phaver, a rapidly growing Web3 social platform. During our conversation, Ace shared insights into his journey into crypto, Phaver’s strategic focus on the Japanese market, the unique characteristics of Japanese crypto communities, and the challenges and opportunities facing blockchain projects in […] Source: https://news.bitcoin.com/phavers-japan-lead-ace-shares-insights-on-navigating-the-japanese-web3-market/
Mt. Gox begins repayments in Bitcoin and Bitcoin Cash: Law Decoded
The Mt. Gox rehabilitation plan, approved in 2021, moves forward with BTC and BCH repayments, and North Carolina’s CBDC ban was vetoed by the governor. Source: https://cointelegraph.com/news/mt-gox-repayments-begin-bitcoin-bitcoin-cash?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Price analysis 7/8: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Bitcoin is facing intense selling pressure, but the positive divergence on the RSI suggests a recovery is possible in the near term. Source: https://cointelegraph.com/news/price-analysis-7-8-spx-dxy-btc-eth-bnb-sol-xrp-ton-doge-ada?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Metaplanet Announces Bitcoin Purchases Totaling Nearly $2.5 Million
Metaplanet, a Tokyo-listed public company, has disclosed it has completed bitcoin purchases amounting to 400 million yen (almost $2.5 million). The company, which vowed to use bitcoin as a strategic reserve asset to navigate the uncertainties of the Japanese economy and the devaluation of the yen, acquired 42.466 bitcoin at an aggregate price of $58,600 […] Source: https://news.bitcoin.com/metaplanet-announces-bitcoin-purchases-totaling-nearly-2-5-million/
Staked Ethereum Hits 27% of Supply as ETF Trading Start Looms
In brief Over 27% of the Ethereum supply is currently being staked. The rise of staking has prompted concerns over centralized firms overseeing so much ETH. Providers of spot Ethereum ETFs in the U.S. won’t be able to stake their ETH due to regulatory concerns. We do the research, you get the alpha! Get exclusive reports and access to key…
Longest Yield Curve Inversion in US History Continues Past 2-Year Mark
The 10-2 Year Treasury Yield Spread (I:102YTYS) has been inverted since July 7, 2022, marking the longest period of inversion in U.S. history at over two years, surpassing the previous record of 624 days set in 1978. An inverted yield curve occurs when short-term bonds yield more than their long-term counterparts, reversing the typical financial […] Source: https://news.bitcoin.com/longest-yield-curve-inversion-in-us-history-continues-past-2-year-mark/
Stable Diffusion 3 License Revamped Amid Blowback, Promising Better Model
In brief Stable Diffusion users pushed back last month after Stability AI launched restrictive new licensing terms. The firm announced late Friday that it has relaxed its conditions, to mixed reactions from users. Users still cannot create a new foundational model by training it on SD3-generated work. Stability AI unveiled a revamped Community License for its Stable Diffusion 3 (SD3)…