In an Oct. 19 post on X (formerly Twitter), Draper warned his roughly 254,000 followers to be mindful of “thieves” using AI to create an approximation of his voice. According to the venture capitalist, “AI is getting smarter” as evidenced by followers seemingly reporting Draper tried to get them to send cryptocurrency. Continue Reading on Cointelegraph More
Securrency will be renamed DTCC Digital Assets. Securrency’s top management and around 100 employees will remain with the company. The company was backed by State Street (NYSE:STT), U.S. Bank, WisdomTree and Abu Dhabi Catalyst Partners and partnered with cybersecurity and digital asset custodian GK8. DTCC president, CEO and director Frank La Salla said in a statement:Continue Reading on Cointelegraph More
In an Oct. 19 filing in U.S. District Court for the Southern District of New York, the SEC notified the court the parties involved in its case against Ripple “have stipulated to the dismissal with prejudice”, suggesting there was no need to schedule an upcoming trial. The filing did not state that the SEC was dropping its civil case against Ripple itself, first filed in 2020.Continue Reading on Cointelegraph More
Called “Smart Contract Platform,” the new tool allows developers to deploy smart contracts using a set of pre-vetted code templates and either a console or REST APIs, making it potentially easier for traditional Web2 programmers to use. Continue Reading on Cointelegraph More
The staking process is expected to yield ETH rewards and boost their net asset value with an estimated 4% yield based on Ethereum network rates. This makes the 3iQ Ether ETF the first global Ether ETF to engage in staking. To mark this innovation, the management fee for the Ether ETF will be waived until March 2024.Starting from Friday, the Ether ETF will trade under a new name, “3iQ Ether Staking ETF”. This groundbreaking initiative illustrates 3iQ’s commitment to innovation in Canada’s exchange-traded product space for digital asset investment solutions.The firm is collaborating with Coinbase (NASDAQ:COIN) and Tetra Trust to establish new norms in this space. Investors are being offered an additional yield from the Ethereum network’s “Proof of Stake” consensus mechanism. Fred Pye, CEO of 3iQ, emphasized their unwavering commitment to innovation and the unique opportunity for investors to participate in Ethereum’s upward growth.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The S-3 filing is a condensed version of an S-1 filing, and its submission is part of Grayscale’s ongoing efforts to secure SEC approval for their Bitcoin ETF. This move places Grayscale in competition with BlackRock Inc (NYSE:BLK) and Fidelity, who are also seeking SEC approval for their respective Bitcoin ETFs.Grayscale’s shares have been recognized under the Securities Exchange Act of 1934 since January 2020, allowing the firm to use Form S-3. The company plans to list its shares on NYSE Arca under the ticker GBTC, pending approval of NYSE Arca’s application on Form 19b-4 and validation of the form S-3.The timing of this registration is strategic, as it comes ahead of an expected court mandate from the U.S. Court of Appeals for the D.C. Circuit. The court is anticipated to reaffirm a ruling made in August.Grayscale was founded in 2013 and offers access to the digital economy through regulated investment products. It provides single asset, diversified, and thematic exposure via Grayscale Securities, LLC. The firm’s application for SEC registration is still pending, prohibiting any unlawful sales or purchase offers until approval is granted.This development was one of many topics discussed at Benzinga’s Future of Digital Assets conference. SEC Chair Gary Gensler has previously likened the Bitcoin ETF review process to that of an initial public offering (IPO), emphasizing the importance of regulatory compliance in the crypto sector.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The PMF equation is one of the hardest problems to crack in Web2 as well with most startups not making it to this stage. Most Web3 protocols have alo not shown their ability to cross the chasm of a product-market fit. This is largely due to attraction speculators rather than real users — many may not survive this brutal crypto winter. My thoughts around PMF have been formulated by applying Web2 principles learned over several years of operating SaaS companies for years with some notable successes and some failures.Continue Reading on Cointelegraph More
In 2022, investors gave over $700 million in funding to companies pushing the envelope with zero-knowledge proofs. This year, ZK-proofs has arguably become one of the biggest blockchain trends, with several major Ethereum scaling protocols hitting mainnet.Continue Reading on Cointelegraph More
