Category: Crypto

A few months after the SEC gave the initial green light, the spot Ethereum ETFs officially hit the ground last Tuesday. However, the immediate results have been quite underwhelming, and one can’t help but compare them to the spot Bitcoin ETF launch in January this year. ETH ETFs Vs. BTC ETFs CryptoPotato reported earlier this week that the nine spot Ethereum ETFs had a solid first day, gathering more than $106 million in net flows. As expected, the converted Grayscale fund (ETHE) saw substantial withdrawals of almost $500 million, but…

Pseudonymous on-chain investigator ZachXBT has questioned Irene Zhao, the mastermind behind the SO-COL platform and a crypto X influencer’s accountability, and the steps she plans to take to make amends to those affected by these projects. This comes in response to a detailed statement by Zhao addressing multiple allegations regarding her involvement in several cryptocurrency projects. In the statement, Zhao discussed IreneDAO, a project that according to her started as a fun experiment in January 2022 with minimal expectations. Web3 project failures The project unexpectedly gained traction, with millions in…

TL;DR XRP has seen a substantial price increase in the past month, with analysts predicting further gains if key price levels are surpassed. Factors supporting a potential rise include a favorable RSI, high open interest in derivatives, and possible developments in the Ripple v SEC lawsuit. What’s Next for XRP? Ripple’s XRP is one of the top-performing leading cryptocurrencies, with its price jumping by almost 30% on a monthly scale. It recently spiked to over $0.63 before settling at the current $0.60 (per CoinGecko’s data). Numerous analysts, including the X…

Independent presidential candidate Robert F. Kennedy Jr. praised the role Bitcoin could play in improving the US economy and the American way of life as he spoke to an audience at the Bitcoin2024 event on July 26. He promised to sign a number of executive orders on his first day in office to begin the process. Bitcoinization by executive order Kennedy would sign an order requiring the Justice Department and US Marshalls to transfer the 204,000 Bitcoin held by the United States to the Federal Reserve to be held as…

Steven Fulop, the mayor of Jersey City, New Jersey, has announced that the city’s pension fund will allocate a portion of its investments into Bitcoin ETFs. Fulop also expressed his long-standing belief in cryptocurrency, although he had not publicly mentioned Bitcoin or other assets before July 25. Jersey City Updates Paperwork with SEC In a July 25 post on X, Mayor Fulop announced that they are updating paperwork with the United States Securities and Exchange Commission (SEC) to allow Bitcoin ETF investment. Not my normal subject matter in a post…

Hardware wallet provider Ledger has released a new touchscreen wallet following the introduction of its first touchscreen model, Ledger Stax. On July 26, Ledger announced that its new Ledger Flex device is now for sale. In a statement sent to Cointelegraph, Ledger CEO Pascal Gauthier said Flex and Stax “mark the new standard for Ledger devices.” Ledger’s new hardware wallet, Ledger Flex. Source: Ledger The executive claims that the products retain “the same uncompromising security” but feature a more intuitive interface. Ledger wallets allow passwordless logins Gauthier also highlighted that,…

[PRESS RELEASE – Belgrade, Serbia, July 26th, 2024] One of the most popular tap-to-play games on Telegram, Dotcoin, is launching on the Venom blockchain. Dotcoin, with over 20 million active users, finds the highly scalable Venom Network an ideal host for the game. Released earlier this year on the Telegram messaging app, Dotcoin allows players to tap-to-earn in-game currency through a simple interface featuring a single dot. The game’s interface is simple, featuring a single dot on the screen, which players can tap to earn the in-game currency. Recently, a…

Cryptocurrency exchange Coinbase has bolstered its board of directors with three new appointments, including a senior OpenAI executive who served as a political strategist to United States President Bill Clinton in the 1990s.  In a July 25 statement, Coinbase said it had appointed Chris Lehane as one of 10 directors on its board. Lehane served as Clinton’s Democrat strategist in 1992, shortly before Clinton began his two-term tenure as US President between 1993 and 2001. He also played a crucial role in helping home-sharing marketplace Airbnb become a legal operator in…

Hashdex, a crypto asset management firm, has filed its registration statement, S-1, with the U.S. Securities and Exchange Commission for its Hashdex Nasdaq Crypto Index US ETF. Notably, the move is a step in its plans to be the first index-based crypto ETF in the U.S. that will track some digital assets in the Nasdaq Crypto US Settlement Price Index. Hashdex’s Crypto ETF Awaits SEC Nod According to the firm’s S-1 filing, the Sponsor will shift to a sample replication strategy if any crypto asset apart from Bitcoin and Ethereum…

OpenAI’s ChatGPT has announced the launch of a search engine, presumably as a potential rival to Google.  In a July 25 notice, ChatGPT’s website included a page for ‘SearchGPT,’ a prototype “using the strength of our AI models to give you fast answers with clear and relevant sources.” SearchGPT was not available for all users at the time of publication, as the platform is awaiting feedback from a small group before a full release. According to the platform, results will be more visual than Google’s and allow follow-up questions to…