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CoinDesk, a media outlet specializing in cryptocurrencies, reported that Coinbase, the largest cryptocurrency exchange in the US, will officially launch its self-built layer 2 blockchain, Base mainnet, using Optimism (OP)'s OP stack on the 9th. As of last week, it was reported that more than $68 million of ETH was linked to the base. Base also announced on Twitter the release of a cross-chain bridge prior to mainnet launch and plans to distribute free NFTs commemorating the mainnet launch, obtainable through a simple quiz.
#Coinbase #BaseMainnet #Cryptocurrency #NFT #CoinDesk
#Coinbase #BaseMainnet #Cryptocurrency #NFT #CoinDesk
CoinDesk, a leading cryptocurrency news outlet, compiled the views of legal experts in Namibia on the recent passing of a cryptocurrency regulation law. Economist Ronald Nanub, from the Namibian Prime Minister's Office, described the law as 'interesting and timely' but stated it only sets the groundwork for a comprehensive regulatory framework. Last month, Coinness reported that Namibia's National Assembly passed a bill regulating virtual assets (cryptocurrency), with the implementation date to be decided by the finance minister.
#Namibia #crypto2023 #regulation #CoinDesk #Coinness
#Namibia #crypto2023 #regulation #CoinDesk #Coinness
#IslamicCoin , the currency of #HAQQ , a platform for creating a Shariah-compliant financial ecosystem, has entered into an agreement with #CoinDesk Indices. The cooperation is aimed at creating cryptocurrency indices for the Middle East and North Africa.
It will also allow CoinDesk Indices to be used in financial products. HAQQ will have access to the CoinDesk Indices API for its own digital exchange.
This collaboration promises to transform Shariah digital financial services in the context of a growing Islamic finance market projected to be worth over $3.69 trillion by 2024.
Mohammed AlKaff AlHashmi, founder of Islamic Coin, expressed enthusiasm: "This collaboration is shaping the landscape of Shariah digital financial services."
This initiative will facilitate the growth of blockchain financial services in the world of Islamic finance and supports the goals of financial inclusion in the region.
This collaboration between Islamic Coin and CoinDesk Indices has the potential to be a catalyst for the development of the decentralized Web3 in the region. It paves the way for the implementation of Shariah principles in digital assets and financial services, which could go a long way in supporting the adoption of blockchain technologies and cryptocurrencies in the Islamic financial sector.
Also, the development of Shariah-compliant cryptocurrency indices initiates the creation of new markets for trading and investment. This can increase liquidity and activity in the markets in the region and promote the development of cryptocurrency infrastructures.
#cryptoshark #Crypto2023
It will also allow CoinDesk Indices to be used in financial products. HAQQ will have access to the CoinDesk Indices API for its own digital exchange.
This collaboration promises to transform Shariah digital financial services in the context of a growing Islamic finance market projected to be worth over $3.69 trillion by 2024.
Mohammed AlKaff AlHashmi, founder of Islamic Coin, expressed enthusiasm: "This collaboration is shaping the landscape of Shariah digital financial services."
This initiative will facilitate the growth of blockchain financial services in the world of Islamic finance and supports the goals of financial inclusion in the region.
This collaboration between Islamic Coin and CoinDesk Indices has the potential to be a catalyst for the development of the decentralized Web3 in the region. It paves the way for the implementation of Shariah principles in digital assets and financial services, which could go a long way in supporting the adoption of blockchain technologies and cryptocurrencies in the Islamic financial sector.
Also, the development of Shariah-compliant cryptocurrency indices initiates the creation of new markets for trading and investment. This can increase liquidity and activity in the markets in the region and promote the development of cryptocurrency infrastructures.
#cryptoshark #Crypto2023
CoinDesk: BlackRock Close to Filing an Application for a Bitcoin ETF
The world’s largest asset manager is close to filing an application for a bitcoin exchange-traded fund, according to CoinDesk.
BlackRock will use Coinbase (COIN) Custody for the ETF as well as Coinbase’s spot market data for pricing, a source told CoinDesk.
It is not clear if the ETF will be one based on the spot or futures market — Blackrock did not respond to a request for comment from cryptonews.
As of Thursday morning, the price of bitcoin stayed close to $25,000 down from close to $26,000 on Wednesday, according to CoinMarketCap.
The SEC’s history with bitcoin ETFs
The US Securities and Exchange Commission has never approved of a spot bitcoin ETF, citing concerns over fraud and manipulation in previous rejections.
Rejections also go as far back to July 2016 when the SEC disapproved of a proposal from Cameron and Tyler Winklevoss to list and trade shares of the Winklevoss bitcoin trust.
The agency, however, did approve of several bitcoin futures ETFs when it first allowed the trading of the ProShares Bitcoin Strategy ETF in October 2021.
Grayscale versus SEC
Grayscale, the world’s largest digital asset manager, is trying to convert one of its funds, GBTC, into a spot bitcoin ETF, which was rejected by the SEC last year.
The company then swiftly filed a lawsuit over the decision, which is currently playing out in a Washington DC court with a final decision expected later this year.
Grayscale has argued that the spot price of bitcoin in both spot and futures ETFs is subject to the same risks, and so it does not make sense to approve one product and not the other.
The SEC has said that its disapproval of Grayscale’s spot ETF “was reasonable, reasonably explained, supported by substantial evidence, and faithful to the text of the Exchange Act.”
The agency said spot bitcoin ETFs and bitcoin futures ETFs were different given that the spot market is “fragmented and unregulated” compared to futures which trade on the Chicago Mercantile Exchange, which is regulated.
#ETF #BinanceTournament #CoinDesk #universalcryptoworld
BlackRock will use Coinbase (COIN) Custody for the ETF as well as Coinbase’s spot market data for pricing, a source told CoinDesk.
It is not clear if the ETF will be one based on the spot or futures market — Blackrock did not respond to a request for comment from cryptonews.
As of Thursday morning, the price of bitcoin stayed close to $25,000 down from close to $26,000 on Wednesday, according to CoinMarketCap.
The SEC’s history with bitcoin ETFs
The US Securities and Exchange Commission has never approved of a spot bitcoin ETF, citing concerns over fraud and manipulation in previous rejections.
Rejections also go as far back to July 2016 when the SEC disapproved of a proposal from Cameron and Tyler Winklevoss to list and trade shares of the Winklevoss bitcoin trust.
The agency, however, did approve of several bitcoin futures ETFs when it first allowed the trading of the ProShares Bitcoin Strategy ETF in October 2021.
Grayscale versus SEC
Grayscale, the world’s largest digital asset manager, is trying to convert one of its funds, GBTC, into a spot bitcoin ETF, which was rejected by the SEC last year.
The company then swiftly filed a lawsuit over the decision, which is currently playing out in a Washington DC court with a final decision expected later this year.
Grayscale has argued that the spot price of bitcoin in both spot and futures ETFs is subject to the same risks, and so it does not make sense to approve one product and not the other.
The SEC has said that its disapproval of Grayscale’s spot ETF “was reasonable, reasonably explained, supported by substantial evidence, and faithful to the text of the Exchange Act.”
The agency said spot bitcoin ETFs and bitcoin futures ETFs were different given that the spot market is “fragmented and unregulated” compared to futures which trade on the Chicago Mercantile Exchange, which is regulated.
#ETF #BinanceTournament #CoinDesk #universalcryptoworld
CoinDesk reports that a study from the Network Contagion Research Institute (NCRI) alleges that Alameda Research, a quant trading firm led by FTX founder Sam Bankman-Fried (SBF), deployed a Twitter bot comment unit to boost coin prices post-listing on FTX. The report suggests that coins like BOBA, GALA, IMX, RNDR, and SPELL saw a surge of 30% in fake tweets and comments within hours of FTX listing, hinting at an organized market manipulation. Alameda is said to have gained $60 million ROI through these coins.
#CoinDesk #AlamedaResearch #FTX #marketmanipulation #crypto2023
#CoinDesk #AlamedaResearch #FTX #marketmanipulation #crypto2023
#CoinDesk reported on Thursday that #BlackRock intended to issue a #bitcoin ETF with #Coinbase acting as custodian. This was later confirmed when a document revealed that the company's iShares fund management division had submitted the necessary paperwork for the creation of a spot bitcoin (BTC) #ETF.
☝🏻💵 Ethereum Could Run to $10,000 or
Higher This Year☝🏻💵💵
According to CoinDesk Bitcoin has already climbed to new all-time high while ether is lagging, but previous market cycles suggest change is coming
Ethereum (ETH) has been "largely overshadowed" by bitcoin (BTC) for the past several months, but the laggard could more than double in price in 2024, according to Juan Leon, crypto research analyst at asset manager Bitwise.
"[Ether] could very well go above $8,000, $10,000 this year, maybe even higher," said Leon in an interview with CoinDesk market daily.
$ETH #TrendingTopic #write2earn #CoinDesk #BinanceNews
Higher This Year☝🏻💵💵
According to CoinDesk Bitcoin has already climbed to new all-time high while ether is lagging, but previous market cycles suggest change is coming
Ethereum (ETH) has been "largely overshadowed" by bitcoin (BTC) for the past several months, but the laggard could more than double in price in 2024, according to Juan Leon, crypto research analyst at asset manager Bitwise.
"[Ether] could very well go above $8,000, $10,000 this year, maybe even higher," said Leon in an interview with CoinDesk market daily.
$ETH #TrendingTopic #write2earn #CoinDesk #BinanceNews
🔍 CoinDesk highlights a Nansen report indicating a clear preference for Memcoins among the top 22 depositors on Base, Coinbase's own Ethereum layer 2 network. These major depositors favor MEME coins like BALD, TOSHI, PEPE, and BITCOIN, excluding ARB & RLB. They also have significant holdings in UNIBOT, a Telegram trading bot-themed token. The early-stage base ecosystem primarily supports Memcoin investments, which could explain these trends. 🪙📊 #CoinDesk #Base #Memcoin.
🚨🚨Ether Tumbles 6% as ETH ETF Hopes Dim Amid Regulatory Probe Reports‼️‼️
Ether $ETH tumbled as much as 6% Wednesday as hopes dimmed for regulatory approval of a spot-based exchange-traded fund #EthereumETF in the U.S.
The second-largest crypto asset by market capitalization sank to $3,200. Bitcoin $BTC the largest, dropped to around $62,000 after bouncing to near $64,000 earlier. The broad-market #CoinDesk 20 Index (CD20) fell 3%.
Ether's slide occurred after CoinDesk reported that network development organization #Ethereum(ETH) Foundation was under investigation by a "state authority." Shortly after, Fortune reported that the U.S. Securities and Exchange Commission (SEC) is waging a campaign to classify the Ethereum blockchain's native token as a security and started probing after Ethereum moved to a proof-of-stake network....
follow for more info ☝️☝️™
#Write2Erarn #HotTrends
Ether $ETH tumbled as much as 6% Wednesday as hopes dimmed for regulatory approval of a spot-based exchange-traded fund #EthereumETF in the U.S.
The second-largest crypto asset by market capitalization sank to $3,200. Bitcoin $BTC the largest, dropped to around $62,000 after bouncing to near $64,000 earlier. The broad-market #CoinDesk 20 Index (CD20) fell 3%.
Ether's slide occurred after CoinDesk reported that network development organization #Ethereum(ETH) Foundation was under investigation by a "state authority." Shortly after, Fortune reported that the U.S. Securities and Exchange Commission (SEC) is waging a campaign to classify the Ethereum blockchain's native token as a security and started probing after Ethereum moved to a proof-of-stake network....
follow for more info ☝️☝️™
#Write2Erarn #HotTrends
⚡Singapore-based cryptocurrency trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea FC.
The crypto trader will also lay off 40% of its workforce as it feels the squeeze of the bear market.
Source: #CoinDesk
The crypto trader will also lay off 40% of its workforce as it feels the squeeze of the bear market.
Source: #CoinDesk
📢Crypto companies in France would have to seek authorization from regulators to operate if they are not already registered with the country’s financial regulator by Jan. 1, 2024, under plans adopted by lawmakers at the National Assembly on Tuesday.
Source: #CoinDesk
Source: #CoinDesk
A #CoinDesk analysis shows crypto startups only raised $548 million last month.
The #FTX failure’s full impact on industry fundraising likely remains to be seen.
#crypto2023 #Binance #AltaafTheBinancia
The #FTX failure’s full impact on industry fundraising likely remains to be seen.
#crypto2023 #Binance #AltaafTheBinancia
According to #CoinDesk , #Aptos Labs has provided a $50,000 donation to Lorenzo Alvisi, a computer science professor at Cornell University who specializes in blockchain and #Web3 technologies. Research on secure, decentralized logs to scale #blockchain performance methods.
During U.S. trading hours on Tuesday, #bitcoin (BTC) experienced a dip below $28,000 before stabilizing as investors observed developments regarding a debt ceiling deal. While the passage of the deal appeared likely, it was not guaranteed. Currently, the leading #cryptocurrency has a market capitalization and is trading at approximately $27,740, showing a slight increase of 0.1% in the last 24 hours but slightly lower than earlier in the day, as per #CoinDesk data.
#cryptotrading
#cryptotrading
CoinDesk Probe Confirms Tether's Reserves
$BTC #crypto news :
After a two-year investigation, #CoinDesk has released documents that confirm Tether's long-standing claims that its #USDT's stablecoin is fully backed by fiat currency.
The documents, which were released by the New York Supreme Court, show that Tether's reserves were fully backed by cash and cash equivalents, as well as other assets such as commercial paper and treasury bills.
This is a significant step forward in terms of transparency for Tether, which has been criticized in the past for its lack of disclosure about its reserves.
However, it is important to note that the documents do not provide any information about the quality of the assets that are backing Tether's reserves. For example, the reports do not disclose the credit ratings of the commercial paper that Tether holds.
As a result, some people have expressed concerns about the quality of Tether's reserves. However, Tether has said that its reserves are of high quality and that it is committed to full transparency.
#opbnb $USDC
#zachxbt $BNB
After a two-year investigation, #CoinDesk has released documents that confirm Tether's long-standing claims that its #USDT's stablecoin is fully backed by fiat currency.
The documents, which were released by the New York Supreme Court, show that Tether's reserves were fully backed by cash and cash equivalents, as well as other assets such as commercial paper and treasury bills.
This is a significant step forward in terms of transparency for Tether, which has been criticized in the past for its lack of disclosure about its reserves.
However, it is important to note that the documents do not provide any information about the quality of the assets that are backing Tether's reserves. For example, the reports do not disclose the credit ratings of the commercial paper that Tether holds.
As a result, some people have expressed concerns about the quality of Tether's reserves. However, Tether has said that its reserves are of high quality and that it is committed to full transparency.
#opbnb $USDC
#zachxbt $BNB
