Grayscale and Coinbase met with the SEC on March 6 to address concerns about the conversion of Grayscale’s Ethereum Trust into a spot ETF. Crypto firms Grayscale and Coinbase recently met with United States Securities and Exchange Commission (SEC) officials to discuss a rule change for the launch of spot Ether exchange-traded funds (ETFs). Grayscale…
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According to a recent statement, the OpenAI board was unaware of the extent to which abruptly removing Sam Altman would destabilize the company. Sam Altman has returned to the OpenAI board, following a whirlwind series of events in November last year, where he was initially let go from the company, only to be reinstated within…
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Pro-Bitcoin Senator Cynthia Lummis is drafting regulations for stablecoins after attacking major stablecoin firm Tether in 2023. Pro-Bitcoin United States Senator Cynthia Lummis is drafting regulations for stablecoins, a type of cryptocurrency pegged to real-world assets to ensure stable prices. Lummis has been working jointly with Senator Kirsten Gillibrand for several months on a bill aiming to provide…
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Key Points: Grayscale Bitcoin Trust ETF saw a $303 million outflow on March 8, shifting the Bitcoin ETF asset balance. Nine new US Bitcoin ETFs surpass GBTC, managing $27 billion, led by IBIT. On March 8, data from BitMEX Research revealed that Grayscale Bitcoin Trust ETF (GBTC) experienced an outflow of $303 million. Grayscale…
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Key Points: A Coinbase report warns that the AI crypto market is driven by hype and facing competition and technical issues. The AI crypto market surges alongside Nvidia stock, outpacing traditional AI-related stocks. The report cautions against overstating the value of AI tokens and highlights the need for reliable model execution. A recent research report…
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ETH price nears the $4,000 level, but derivatives data points to a slightly overheated market. Ether (ETH) bulls are on a roll after the altcoin’s price surged by 13% in 7 days, reaching the $3,900 level for the first time since December 2021. The current $456 billion market capitalization distances Ether from its competitors. However,…
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In the crypto world, Bitcoin reigns supreme as the digital equivalent of gold, offering a tantalizing allure akin to striking riches. Yet, amidst the frenzy of buying and selling, there exists a lesser-known avenue to acquire Bitcoin without parting with your hard-earned cash—enter the realm of free Bitcoin codes. What is a Free Bitcoin Code?…
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In the ever-evolving landscape of cryptocurrency, meme coins have carved out a notable niche. Despite their humorous beginnings, certain meme coins have skyrocketed in value, boasting market capitalizations in the billions. Let’s explore with us how to find potential meme coins. What are Meme Coins? A meme coin is a type of cryptocurrency that derives…
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Tether will allow users to move their USDT between blockchains if any of the operated blockchains become unresponsive. Major stablecoin issuer Tether has launched a recovery tool to migrate its Tether USDT stablecoin between different blockchains amid USDT hitting a $100-billion market capitalization. Tether announced the launch of a blockchain recovery plan on March 4 to ensure…
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Super Tuesday has arrived in the U.S. as it approaches the 2024 presidential election, and the ability to spot AI-generated deepfakes will be crucial for voters trying to stay accurate and up to date. The United States is one of the many nations around the world that is gearing up for a major election cycle in 2024.…
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