Bitwise Asset Management is making a bold move by urging the U.S. Securities and Exchange Commission (SEC) to defer the approval of a spot Ethereum Exchange-Traded Fund (ETF) until December. This decision comes amid the soaring success of the Bitwise Bitcoin ETF (BITB), which has accumulated over $2 billion in assets under management since its
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In a groundbreaking move, WAX has partnered with Amazon Web Services (AWS) to bring its cutting-edge blockchain tools to the Amazon Managed Blockchain (AMB) service. This strategic collaboration aims to simplify the development process for blockchain-based games and applications by granting developers direct access to WAX’s Web3 networks through the AWS console. By integrating with
Nakamoto Games, a prominent Web3 gaming hub, has recently announced plans for three groundbreaking releases that are set to shake up the gaming market. With a commitment to excellence and innovation, the company is gearing up for a dynamic development marathon that will redefine player engagement and competitive gameplay. The first of these releases, GalacticGrail,
In March, Shiba Inu (SHIB) saw a massive increase in token burns, with billions of tokens being removed from circulation. The burn rate for the month resulted in over 15.5 billion assets being destroyed, marking a significant spike compared to previous months. The largest burn occurred on March 8, when almost 14 billion SHIB tokens
The cryptocurrency market is no stranger to new coins and tokens entering the scene. Some gain immediate popularity, while others struggle to gain traction. One particular launch that has recently captured the attention of the crypto community is Poopcoin. Launched by Jordan Castro, also known as Poopie, Poopcoin has already seen an impressive $60 million
Cryptocurrency crimes have been proliferating globally, particularly in the midst of the booming market. One group that is increasingly falling victim to these scams is the elderly population, who are often targeted by fraudsters promising significant returns on investments. These criminals use various tactics to manipulate older individuals into exchanging their hard-earned funds for cryptocurrencies,
In the wake of the October 7th attacks on Israel, the US and UK authorities have intensified their efforts to combat terrorism financing through cryptocurrency channels. The US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) recently imposed sanctions on two individuals and three entities for their
The Financial Conduct Authority (FCA) in the UK recently announced its intention to address meme-based marketing for financial products by releasing guidelines for financial services firms and social media influencers. This move comes after the FCA’s declaration of taking action against firms engaged in illegal financial promotions. The focus of the guidelines is on financial
In the realm of generative AI, the concept of openness is not as clear-cut as it may seem on the surface. While different vendors may claim to be open by sharing model weights, documentation, or tests, the reality is quite different. The training data sets, which are crucial for validating and verifying models, are often
The surge in the price of Bitcoin to around $70,000 has sparked anticipation among investors for a continued upward trend. Much of this surge can be attributed to the accumulation of Bitcoin by large whales. These whale addresses, holding substantial amounts of Bitcoin, have the power to influence the market with their transactions. However, recent
