Crypto Inside

2024-01-15 22:31:52 Sony Unveils Ambitious Mixed Reality Headset Prototype for Metaverse Dominance

Sony Corporation, renowned for its prowess in electronics and entertainment, has taken a monumental step into the flourishing metaverse landscape.

The Japanese powerhouse recently announced the development of a groundbreaking mixed reality (MR) headset prototype, codenamed “Project Cambria.”. Ochish/sharhlash

2024-01-11 23:48:35 ETHEREUM OUTSHINES AS BITCOIN ETF FEVER SIMMERS DOWN*

The big crypto buzz? The SEC nodded 'yes' to 11 Bitcoin ETFs! You'd think Bitcoin would go bonkers, right? Wrong. It's been six years since the Winklevoss twins faced a 'no-go' for their trust, and now the market's just...meh. TradingView's Bitcoin chart whispers a tale of unexpected chill vibes.

Crypto sleuths are on the case! Some say blame it on the boo-boos – like that oopsie tweet from SEC and a mix-up report by Cointelegraph. Others talk about the old classic, "buy the rumor, sell the news." Everyone saw it coming, so the surprise factor? Kaput.

But hello, Ethereum's on fire! Post-ETF-party, it blasted to a cool $2,527 per ETH. TradingView's Ethereum chart is practically grinning. The crypto crowd can't help but stare.

Future-gazing time: with Bitcoin ETFs done and dusted, are we eyeing an Ethereum ETF next? The vibes are shifting, investors are winking at Ethereum, and the market's playing it cool, mature, even. Ochish/sharhlash

2024-01-07 02:41:45 VanEck's Innovation Boost: 5% of Bitcoin ETF Profits Funneled to Empower Bitcoin Core Developers!

Prepare for a seismic shift in the crypto landscape as VanEck, the visionary Bitcoin ETF applicant, unveils a groundbreaking commitment: dedicating a robust 5% of its Bitcoin ETF profits to champion the unsung heroes – the Bitcoin Core developers!

VanEck's Progressive Alliance with Brink: Pioneering Crypto Philanthropy!

Pending the green light from the U.S. Securities and Exchange Commission (SEC), VanEck's substantial contributions will flow through Brink, a non-profit organization uniquely poised to facilitate direct support from donors to Bitcoin code testers and maintainers. This strategic partnership, involving major crypto exchanges like BitMEX, Kraken, and Coinbase, stands as a monumental stride in fortifying the bedrock of the entire crypto ecosystem.

VanEck: Blending Legacy with Crypto Frontiers!

With a legacy tracing back to 1955 as a trailblazer in ETF and mutual fund management, VanEck brings a wealth of financial acumen into the dynamic world of cryptocurrencies. Currently overseeing a formidable $76.4 billion in assets as of September 2023, VanEck's commitment signifies an amalgamation of traditional financial wisdom with the cutting-edge universe of digital assets.

VanEck's Actionable Support: Beyond Mere Words!

In a resounding declaration, VanEck asserted, "We're not Bitcoin tourists. We're in it for the long haul." This isn't just lip service; VanEck has initiated their pledge with a substantial $10,000 donation to the developers, exemplifying steadfast support for the architects of the Bitcoin ecosystem. Ochish/sharhlash

2023-12-28 15:03:27 ARK Invest Executes Bold Move: Sells Remaining GBTC Holdings, Pours $100M into Bitcoin ETF!

In a strategic maneuver, ARK Invest, led by the visionary Cathie Wood, has seized the moment by liquidating its entire remaining Grayscale Bitcoin Trust (GBTC) holdings, valued at a whopping $200 million on December 28.

What's the Game Plan?
Half of the substantial sum, approximately $100 million, has been redirected into the promising realm of Bitcoin Futures ETF Bito. This audacious shift has positioned ARK Invest as the second-largest holder of Bito, according to insights from Bloomberg ETF analyst Eric Balchunas.

Why the Shift?
As ARK Invest dynamically adapts its portfolio, analysts suggest that the move into Bito may be a temporary pitstop. The quest for a more liquidity-rich and promising investment avenue seems to be underway. This strategic decision reflects ARK's commitment to staying ahead in the ever-evolving landscape of digital assets.

Charting a Trail of Moves: A Recap
The journey began in October when ARK Invest initiated the offloading of GBTC shares, marking a pivotal moment as Bitcoin's price soared to $34,000. Since then, the firm has steadily navigated the market, selling 100,739 GBTC shares worth $2.5 million from its ARK Next Generation Internet ETF (ARKW). The recent move saw the liquidation of 809,441 GBTC shares on December 19, amounting to $27.9 million. Ochish/sharhlash

2023-12-23 13:11:46 Palau Moves Ahead With Second Phase of Stablecoin Pilot

Jau Hunter Anson, member of the board of directors of the Ministry of Finance of Palau (MOF), revealed that the republic had officially launched the second phase of its stablecoin pilot. The initiative, which seeks to simplify transactions by providing a digital equivalent to the U.S. dollar, will now expand significantly, seeking to include more users and use cases through education initiatives.Anson broadly referred to the new proposed goals of the new phase.

The announcement comes after the release of a report that declared the first phase of the pilot a success, based on the feedback provided by 200 users who completed over 700 transactions during this period. Antony Welfare, a CBDC strategic advisor at Ripple, highlighted the benefits that adopting a token such as the Palau Stablecoin (PSC) can bring to a country like Palau, stating that due to its divided geography comprised of more than 340 islands, fiat transactions were challenging and mobile data was expensive. “The solution enables offline payments so that if there is a power outage or data loss, transactions can still be made,” Welfare explained. Ochish/sharhlash

2023-12-19 01:53:38 BlockFi Wallet Withdrawal Window Will Close On December 31

BlockFi, the crypto lending platform, issues a crucial reminder to eligible users to initiate withdrawals from their BlockFi wallet accounts. The deadline for submission is set at 11:59 p.m. UTC on December 31, 2023. Users are urged to complete withdrawal applications promptly to ensure swift receipt of cryptocurrency funds. Additionally, identity verification information requests must be submitted before January 12, 2024, 11:59 p.m. UTC.

Notably, unclaimed wallet distributions after the BlockFi wallet withdrawal window expires will be treated as restricted property under Section 347(b) of the United States Bankruptcy Code. Such unclaimed assets will be irretrievably returned to BlockFi, as stipulated in Article VI.C(6) of the Third Amended Joint Plan. Having successfully emerged from bankruptcy in October, BlockFi is now poised to repay creditors. This milestone enables the platform to pursue asset recovery from firms like Three Arrows Capital (also known as “3AC”) and FTX. Moreover, BlockFi can resume distributing assets to creditors and processing claims. The company emphasizes that BlockFi Interest Account (BIA) and Loan customers will gain access to withdrawal options for some assets in early 2024. Ochish/sharhlash

2023-12-15 12:50:12 OKX NFT Marketplace Claims First Place in Dapp Radar Rankings, Surpassing Blur and OpenSea on December 13

OKX today announced that its NFT Marketplace has secured the top spot in Dapp Radar's ranking of NFT marketplaces on December 13. Surpassing other marketplaces like Blur and OpenSea, OKX NFT Marketplace has emerged as the go-to platform for NFT traders and enthusiasts.Dapp Radar ranks NFT marketplaces based on a combination of factors that reflect their popularity and activity, such as the average price of NFTs sold on the marketplace, number of unique traders on the platform and trading volume.

In addition to its top ranking on Dapp Radar, OKX NFT Marketplace has also made significant strides in the BTC ordinals space. Its Ordinals Market, a leading platform for trading and inscribing BRC-20 and BTC NFTs, recently reached a percentage share of volume by marketplace of 91.7% on November 19 and 90.2% on November 21. The world's most powerful, secure and versatile crypto wallet which gives users access to over 70 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account. Ochish/sharhlash

2023-12-12 19:45:09 Chainlink Staking Program Quickly Pulls in $600M, Hitting Limit

Chainlink, the biggest blockchain data-oracle project, saw a powerful uptake for its expanded crypto-staking program, pulling in over $632 million worth of its LINK tokens and filling up to the limit just six hours after the start of an early-access period, the company said in a press release. The "V0.2" community staking mechanism opened for early access from 12 p.m. ET, and within 30 minutes, some 32.8 million LINK had been staked; six hours later, the community pool had hit the new, higher capacity of 40.875 million LINK.

The price of LINK was up by 12% over the past 24 hours to $16.72, according to CoinDesk data. Overall, the expanded staking pool capacity is 45 million LINK, up from 25 million under v0.1, a figure that includes the community pool allocation as well as a separate node operator pool. According to a Chainlink spokesman, there are currently 1.8 million LINK in the node operator pool, out of a capacity of 4.125 million. Chainlink staking enables node operators - which help engineers fetch external data - and community members to support the performance of oracle services with staked LINK. People can also earn rewards. "Staking v0.2 introduces important new security features and sets the system up for even further growth in the year to come," Chainlink co-founder Sergey Nazarov said in a press release. Ochish/sharhlash

2023-12-08 12:48:04 Over $600M Locked in Open Dogecoin Futures as DOGE Price Hits Highest Since April

Bitcoin's recent rapid rally has revived risk-taking in the crypto market, spurring investors to pour money into non-serious cryptocurrencies like dogecoin (DOGE), which was created as a joke 10 years ago. DOGE, the world's leading meme cryptocurrency, has gained over 10% in the past 24 hours to trade above $0.10 for the first time since April, according to data tracked by TradingView. The prices has gained 27% in seven days, seemingly tracking bitcoin's surge to $44,000 from $38,000.

The notional open interest – or the dollar value locked in the number of active futures and perpetual futures contracts – tied to DOGE has risen by 58% to $625 million in one week, reaching the highest since Nov. 2, 2022, according to data source CoinGlass. That increase, alongside a rising price, is said to confirm the uptrend. Funding rates on several exchanges have surged to an annualized 50% or more, indicating a steep premium in perpetual futures relative to spot prices, Velo Data data show. Positive rates indicate investor preference for long, or bullish, bets and reflect collective optimism that prices will likely increase. In other words, they behave as leveraged plays on the largest cryptocurrency. Ochish/sharhlash

2023-12-03 08:37:06 Bitcoin Eyes $40K as $1B in BTC Withdrawals Suggests Bullish Mood

The case for a continued rally in bitcoin (BTC) to $40,000 and higher by the year-end has strengthened, with centralized exchanges recently witnessing a sizeable exodus of coins. The outflow likely represents a bias for a long-term holding strategy, although some of it could have stemmed from Binance's guilty plea. The bias for holding means strong demand and weakening sell-side pressure in the market amid euphoria from an expected launch of a spot exchange-traded fund (ETF) in the U.S.

Exchange outflows have historically marked local price lows, supporting expectations of a medium-term price rise. BTC traded above the $38,800 mark early Friday, leading to gains in the broader crypto market, with some major tokens jumping as much as 5% in the past 24 hours. "The Federal Reserve has paused its rate hiking cycle and central banks around the world are following," Anthony Rousseau, head of brokerage at TradeStation, told CoinDesk in an email. "It's plausible to believe we have reached the heights of this tightening cycle. For risk assets to get a sustained bid we will need to see a path forward with lower rates and an end to Quantitative Tightening." Ochish/sharhlash