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Category: TRENDING

  • VanEck files for new ETF to track crypto and gold mining companies

    VanEck files for new ETF to track crypto and gold mining companies

    VanEck, an investment firm with almost $82 billion in assets under management, has submitted an application to the United States Securities and Exchange Commission (SEC) for the launch of a new exchange-traded fund that invests in gold mining and Bitcoin (BTC) mining companies.

    According to the SEC document filed on March 3, the fund will focus on securities in an index that reflects the performance of gold mining and digital assets mining firms. It would not invest in cryptocurrencies directly or through derivatives. However, there was no ticker or cost ratio mentioned in the document.

    The news of VanEck’s proposed fund comes as concerns over a fresh round of U.S. regulation linger in the air. The U.S. president, Joe Biden, is expected to sign an executive order later this week that will set forth the country’s cryptocurrency strategy.

    The order will instruct federal agencies, including the SEC, to submit reports on what measures they’ve taken regarding digital assets later this year. The administration has come under fire for not providing enough clarity on cryptocurrency regulation.

    In November, the SEC denied a VanEck ETF that would have bought BTC directly. Despite industry figures advocating for one for years, the regulator has not yet approved such a fund. With the groundwork for regulating the crypto space commencing, regulators may be delaying the approval of such ETFs until a more solid regulatory framework is put in place.

    Related: Customer demand prompts Charles Schwab file for Crypto Economy ETF

    Earlier this year, VanEck announced the creation of its first cryptocurrency fund. The fund is listed on the Deutsche Boerse Xetra and SIX Swiss exchanges as an exchange-traded note, or ETN, with exposure to BTC, ETH, DOT, SOL, TRX, AVAX and MATIC.

    In April last year, VanEck introduced its Digital Transformation ETF (DAPP), which invests in firms that provide cryptocurrency exchanges, miners, and other crypto-related stocks. The firm also launched its Bitcoin Strategy Fund (XBTF), which invests in cash-settled Bitcoin futures contracts.

  • Large Ether Options Flow Guards Against Price Slide Below $2.2K

    Large Ether Options Flow Guards Against Price Slide Below $2.2K

    A single trader or several traders bought more than 36,000 contracts of Deribit-listed ether put option expiring on March 18, of which more than 20,000 were blocked on institution-focused over-the-counter tech platform Paradigm, according to Swiss-based data tracking firm Laevitas. The put option buyers would make money if ether drops below $2,200 by March 18. That’s a roughly 13% decline from the current market price of $2,514.

  • A New NFT Grouping Is Born: Minorities Promoting Their Cultures

    A New NFT Grouping Is Born: Minorities Promoting Their Cultures

    “We thought it would be really cool trying to picture all these different kinds of Jews. Whether you are Ashkenazi, Sephardi, religious or not religious, Orthodox, Reform or Conservative. I don’t even tend to like those labels. For me a Jew is a Jew, it doesn’t matter who you are or where you come from,” Rebecca said.

  • Papa John’s Plans NFT Drop Despite Prior Warning From UK Advertising Regulator

    Papa John’s Plans NFT Drop Despite Prior Warning From UK Advertising Regulator

    The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

    @2022 CoinDesk

  • First Mover Asia: Malaysia May Be Asia’s Next Crypto Hub; Major Cryptos Decline as Russia Onslaught Intensifies

    First Mover Asia: Malaysia May Be Asia’s Next Crypto Hub; Major Cryptos Decline as Russia Onslaught Intensifies

    At the time of publication, bitcoin was trading at about $38,300, off slightly over the past 24 hours. Ethereum was changing hands just above $2,500, down 1.7%. Most other major cryptos were firmly in the red. It was the third consecutive day of crypto declines, which started late on Friday as faint hopes for a ceasefire or targeted truce to allow civilians to evacuate besieged cities evaporated.

  • Biden Planning to Sign Executive Order on Crypto This Week: Reports

    Biden Planning to Sign Executive Order on Crypto This Week: Reports

    The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

    @2022 CoinDesk

  • Market Wrap: Bitcoin Dips; Trading Range Could Result in Sharp Price Swings

    Market Wrap: Bitcoin Dips; Trading Range Could Result in Sharp Price Swings

    “With prices trading sideways in recent weeks, a relative equilibrium has been established,” Glassnode, the crypto data firm, wrote in a blog post. “However, given the limited incoming fresh demand, this delicate balance can be disrupted by any significant degree of seller exhaustion, or conversely a re-invigoration of sellers.”

  • BRISE token soars to new highs after the official launch of BitGert Chain

    BRISE token soars to new highs after the official launch of BitGert Chain

    The cryptocurrency ecosystem as a whole has taken a back seat to events in the larger world but this is not stopping developers from building.

    One project that has recently begun to gain traction thanks to its focus on creating a high throughput, low-cost blockchain network is Bitgert (BRISE), a crypto engineering organization that has set out to build a blockchain network capable of processing 100,000 transactions per second for little to no cost for the user.

    Data from Cointelegraph Markets Pro and CoinGecko shows that since hitting a low of $0.000000157 on Feb. 8, the price of BRISE has surged 1,124% to a daily high at $0.00000184 on March 7 as its 24-hour trading volume spiked by 1,050%.

    BRISE/USD 3-hour chart. Source: CoinGecko

    Three reasons for the burst in momentum for BRISE include the launch of the Bitgert Chain, the beta release of the Bitgert Exchange and a series of new partnerships and exchange listings.

    Bitgert Chain launches

    The most significant development to come out of Bitgert over the past month was the launch of the Bitgert Chain on Feb. 14.

    With the launch of the Bitgert Chain, the BRISE token is now available on its mainnet chain as well as on the BNB Beacon Chain as a BEP20 token that can be bridged between the two networks.

    According to Bitgert, the Bitgert Chain operates with a BRC20 standard and is capable of reaching a speed of 100,000 TPS with a gas fee that averages about $0.00000001 per transaction.

    The Bitgert chain is designed to support a variety of decentralized finance applications, nonfungible token projects and Web3 protocols.

    Bitgert Exchange

     On March 6, the beta version of the Bitgert Exchange launched and this could also be a bullish factor for the project.

    The Bitgert Exchange is the first exchange protocol to launch on the Bitgert Chain and it currently supports trading for Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dash (DASH) and Dogecoin (DOGE).

    According to documentation from the protocol’s website, Bitgert Exchange will be the first crypto exchange to offer users a zero-trading fee environment.

    Related: VC Roundup: Web3 infrastructure developers attract major investors

    Partnerships and exchange listings

    A third factor helping to boost BRISE’s price has been a series of protocol partnerships and exchange listings that have helped spread awareness and access to the token.

    Since the launch of the Bitgert Chain in mid-February, BRISE has been listed on Gate.io, Coin98 Exchange, BitMart, Belon.io, Hoo.com, BitForex and HotBit.

    In addition to the exchange listings, Bitgert also announced new partnerships with Sphynx Labs, Omniaverse, 4D Twin Maps and Innovativ Plastics, and launched the Bitgert Startup Studio program designed to help entrepreneurs and businesses raise funds to launch their ideas or enterprises as a BRC20 smart contract.

    The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

  • Coinbase to Label Some Assets as ‘Experimental’ In Bid to Boost Transparency

    Coinbase to Label Some Assets as ‘Experimental’ In Bid to Boost Transparency

    The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

    @2022 CoinDesk

  • ENS and the Limitations of DAO Governance

    ENS and the Limitations of DAO Governance

    It reminded me of a scene in the first season of “Succession,” where board members are voting on whether to remove Logan Roy, CEO of the media conglomerate Waystar Royco, from the company he founded so many years ago. Logan is forced to recuse himself, since he’s the subject of the vote, but he refuses to leave the room, staring down individual board members as they make their choices. Spoiler alert: The vote fails, and Logan fires everyone who voted for his removal.