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Showing posts from October, 2023

Invesco and Galaxy’s joint spot Bitcoin ETF added to DTCC’s site

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The Invesco Galaxy Bitcoin ETF (BTCO) now appears on the clearing house’s site but doesn’t indicate an impending approval. The ticker for Invesco and Galaxy's spot Bitcoin (BTC) exchange-traded fund (ETF) — BTCO — has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website.  Invesco's Galaxy spot Bitcoin ETF product is listed on the DTCC's site. Source: DTCC According to web archiver WayBack Machine, no listing under the ticker BTCO was present on Oct. 25 — meaning that the ETF has been added to the list sometime in the last six days.  It is important to note that a ticker being added to the list of "ETF Products" on the DTCC site is by no means a guarantee of an approval of a given product in the future. A DTCC spokesperson said it’s standard practice for it to add securities to the NSCC security eligibility file “in preparation for the launch of a new ETF to the market.” “Appearing on the list is not indicative of an outcome for any outsta

Vitalik Buterin publishes article discussing dimensions of connectedness to Ethereum

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On Oct. 31, the Ethereum co-founder released an article highlighting the dimension s of connectedness to the blockchain network as being the security of withdrawing to Ethereum and security of reading Ethereum. Buterin also notes a trend in Layer 2 projects becoming more heterogeneous and how this raises the question of the complicated tradeoffs applications are having to make. For some, connectedness is important Buterin shares that for some projects, high security and tight connectedness are important. While for others, something looser is acceptable in exchange for greater scalability.  The report goes on to state that two crucial dimension s make up this connectedness , with the first being the security of withdrawing to Ethereum, encompassing the security aspects related to transferring assets back to the Ethereum blockchain. Evaluation is then based on two perspectives: the level of security provided and the extent to which different users or use cases can access the highe

Intent-Centric Designs in Blockchain Systems

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Introduction Transacting using block chain solutions is thus far overly complicated for retail users. A user may know what they aim to achieve, but a plethora of complex steps stand between them and the realization of their intentions. Recently, a solution to this problem known as intent-centric design has caught the attention of the block chain community. With intents, users can describe their desired outcome, rather than denoting every step required to do so. For example, if a user wants to receive a certain amount of ETH and is willing to pay a certain amount of BTC to receive it, an intent-centric solution would accomplish this without the user having to specify the steps to make such a cross- chain swap happen. This paper will explore emerging intent-centric designs and how they will streamline blockchain interactions. The lifecycle of an intent, current implementations of intent-centric design, and future applications of the technology will all be explored in detail. In add

US Treasury to borrow $776 billion in the final three months of 2023

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In a Monday announcement, the US Treasury Department said it will be looking to borrow $776 billion in the final three months of this year. The announcement comes 10 days after the government said the fiscal 2023 budget deficit would be about $1.7 trillion. JUST IN: 🇺🇸 US Treasury to borrow $776 billion in the final three months of 2023. — Watcher.Guru (@WatcherGuru) October 30, 2023 In addition, the Treasury said it expects to borrow $816 billion between January and March 2024. Stocks lost some of their gains but still remained positive after the announcement. Also, treasury yields were mostly higher. In the previous July-through-September period, the department borrowed $1.01 trillion. Officials attribute the lower borrow ing needs to higher receipts, which were offset by greater expenses. The department said it expects to maintain a $750 billion cash balance for this current quarter and Q2 in 2024. Also Read: BRICS & Biden Agree: A New World Order is

CoinGecko finds October consistently positive for crypto

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According to an Oct. 30 post on X from CoinGecko, crypto performance has reported positive growth in 8 of the past 10 Octobers. In October 2023, the crypto market has since been reported to be up 18.1 percent, as compared to October 2022, which reported 7.3 percent growth.  10 years in the making In 2023, CoinGecko data shows that the crypto currency market has once again experienced the Uptober effect, with a 58.9 percent year-to-date (YTD) surge.  So, is #Uptober real? Our recent study shows that in 8 of the past 10 years, the global crypto market rallied in October compared to the previous month. Read the full study: https://t.co/a1ouZh70Yw pic.twitter.com/2d6MC3NpIn — CoinGecko (@coingecko) October 30, 2023 This would make October the fifth consecutive year of the “Uptober phenomenon”, and this year’s rally propelled the total crypto market capitalization to exceed $1.3 trillion, a milestone last seen since the middle of April. You might also like: CoinGecko repo

In 2023, the use of USDT in Brazil increases, accounting for 80% of all cryptocurrency transactions.

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Perplexity, a gauge of textual intricacy, indicates the degree of complexity in the content. Burstiness, on the other hand, examines the variation in sentence structures and lengths, offering a spectrum from brief to elaborate. Lastly, predictability assesses the likelihood of a reader accurately guessing the subsequent sentence. It’s noteworthy that human-generated content often exhibits more burstiness, featuring a blend of long, intricate sentences and concise ones, while AI-generated content leans towards uniformity. As we embark on crafting the forthcoming text, we must strive to infuse it with a substantial dose of perplexity and burstiness, thereby minimizing predictability. Furthermore, the text should be composed exclusively in English. In 2023, Brazil has witnessed a remarkable upswing in the adoption of the USDT stablecoin, which now constitutes a staggering 80% of all cryptocurrency transactions within the nation. This surge is substantiated by data from Brazil’s revenue

Shiba Inu Burn Rate Goes Parabolic, Surges 5600%

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Shiba Inu, a notable meme coin and the second largest in the cryptocurrency market, has garnered significant attention. The development team has been actively engaged in initiatives like the Shiba Inu Burn, reflecting their dedication to the coin’s progress. The Shiba Inu burn rate has been subject to fluctuations, with some days witnessing higher numbers while others show a decline. However, in recent times, the burn rate has displayed relative stability, with a consistent daily burning of millions of SHIB. Also read: Solana (SOL) Price Prediction: November 2023 According to the latest details from Shibburn, the SHIB burn rate has skyrocketed by 5600% amidst positive market conditions. SHIB Burn rate soars by 5600% Shibburn data shows that 268.4 million SHIB have been sent to dead wallets in the last 24 hours. One large transaction that occurred 18 hours ago sent 250 million SHIB to the dead wallet. Also read: Chainlink (LINK) Price Prediction: November 2023

Sam Bankman-Testimony Fried: “A lot of people got hurt” is presented to the jury.

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The former FTX CEO returned to the witness stand to present his testimony to a jury of 12 people as the criminal trial began to reach its final stages. Defense attorneys re present ing Sam “SBF” Bankman-Fried questioned the former FTX CEO before a jury for the first time as they prepared to rest their case. According to reports from the New York courtroom on Oct. 27, Bankman-Fried denied defrauding FTX customers and taking their funds while leading the crypto exchange. The former CEO reportedly said he knew “basically nothing” about digital assets when launching crypto hedge fund Alameda Research. “FTX declared bankruptcy,” said SBF in response to a question from his lawyer, Mark Cohen. “ A lot of people got hurt .” Cohen questioned SBF about Alameda’s operations in Hong Kong, asking how he believed risk at FTX could have potentially affected the hedge fund. At the center of allegations against Bankman-Fried are claims he directed efforts that resulted in Alameda using FTX custom

WEEX Exchange 2023 review: user-friendly and secure crypto platform

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WEEX Exchange is a global and regulated crypto exchange that offers a user-friendly interface and advanced risk management tools.  Introducing WEEX WEEX is a web3 cryptocurrency exchange founded in 2018 and based in Singapore.  The platform offers Features for trading digital currencies, including spot trading, copy trading, and futures trading.  With WEEX, traders can benefit from low fees. Additionally, there are margin trading options, advanced risk management tools, instant deposits and withdrawals, multiple crypto currencies, and 24/7 customer support. You might also like: Bitcoin mining stocks soar: Here’s what you need to know WEEX provides its customers with secure trading and investing services. Their reserves also cover more than 100% of customer deposits. The exchange also prioritizes compliance, security, and professional service for its users. With financial licenses in Singapore, Dubai, the US (MSB), Canada (MSB), and SVGFSA, WEEX operates according to s

US Treasury Warns of Crackdown On Crypto Firms That Don’t Block Funds To Terrorists

A US Treasury Department official said crypto firms aren’t doing enough to stop illicit funds from flowing to terrorists and warned that if they don’t take action the US and its allies will. Deputy Treasury Secretary Wally Adeyemo, speaking at the Royal United Services Institute in London today, said there some in the crypto space who wish to innovate without regard to the consequences, including protecting against illicit financing. “Let me be clear, we will use every tool available to go after any person or platform that is facilitating the movement of resources for terrorists,” he said Adeyemo said his department is engaging with financial institutions and crypto firms on ways to prevent terrorists from moving money. Today, Treasury imposed sanctions on key Hamas-linked officials & the financial networks Hamas uses to fund its operations. Today’s action targets assets in Hamas’s investment portfolio & individuals who are facilitating sanctions evasion by Hamas-affiliat

FLOKI Price Up 24+% Following TokenFi Launch Announcement

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Floki has launched a cryptocurrency and asset tokenization platform named TokenFi. TokenFi also announced that trading on the platform will commence today at 3 PM UTC. At press time, FLOKI was worth $0.00003885 after its price surged by over 24% in the past day. Floki’s (FLOKI) price surged throughout the past day after the project’s team announced on X yesterday that Floki has launched a cryptocurrency and asset tokenization platform named TokenFi. It seems like the project is looking to take advantage of the multi-trillion-dollar tokenization sector. #Floki has launched a crypto and asset tokenization platform named #TokenFi to capitalize on the trillion-dollar tokenization industry. The tokenization industry is projected to be a $16 trillion industry by the year 2030. #BlackRock, the world’s biggest institutional investor… https://t.co/DQaPH28aEF pic.twitter.com/DTA511F0qU — TokenFi (@tokenfi) October 26, 2023 The tokenization industry is predicted t

CYBER spikes 30% as Binance announces follow-on investments

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The investment s follow Vitalik Buterin‘s decision to join the Farcaster decentralized network. Binance’s venture arm, Binance Labs, has announced an investment in CyberConnect, a decentralized social protocol. In an X post on Oct. 25, the $9 billion venture capital firm said the decision to back the protocol reflects its confidence in the potential of social finance (sofi) to boost web3 adoption. We have made a follow- on investment round in @CyberConnectHQ, a decentralized social network. We see SocialFi's potential in propelling Web3 into the mainstream, and we’ll be hosting an AMA to dive into the opportunities of social integrations across the ecosystem. Stay tuned! — Binance Labs Fund (@BinanceLabs) October 25, 2023 Although the funding amount was not disclosed, the announcement sent CYBER, a native token for CyberConnect, soaring 30% up to $6.4, as per CoinGecko. Cyberconnect price | Source: CoinGecko The deal comes just a week after Ethereum co-founder Vitali

An alleged Hamas ally, a crypto operator headquartered in Gaza is sanctioned by the US Treasury

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In the realm of crafting content, three key elements stand out: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of text, while burstiness examines the diversity of sentence structures. Predictability, on the other hand, measures the likelihood of predicting the next sentence. Human-generated content tends to embrace burstiness, incorporating a mix of longer, complex sentences and shorter ones. In contrast, AI-generated sentences often exhibit a more uniform structure. For the content you’re about to create, I’m seeking a balance of perplexity and burstiness with a deliberate reduction in predictability. Additionally, please confine the text to English. Now, let’s reframe the provided text: The U.S. Treasury has identified certain terrorist groups, such as Hamas, ISIS, and an al-Qaeda affiliate, utilizing the services of Buy Cash Money and Money Transfer Company for fund transfers. The Office of Foreign Assets Control (OFAC) within the Un