Arthur Hayes, co-founder of the BitMEX cryptocurrency exchange, is warning of dire consequences as regulatory approval for a spot Bitcoin exchange-traded fund (ETF) is pending. The concern is that traditional financial asset managers like BlackRock could dominate the spot Bitcoin ETF market, potentially undermining Bitcoin (BTC). In a Dec. 22 blog post, Hayes highlighted the risks of these companies holding “all the Bitcoin in circulation.” If that happens, he says overly successful ETFs managed by traditional asset managers could ultimately lead to the decline of cryptocurrencies. Hayes argues that BlackRock and similar firms “empty assets, store them in metaphorical vaults,…
Author: Crypto Flexs
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Ropsten will be the first longstanding testnet to run through The MergeA new Ropsten Beacon Chain was launched on May 30, 2022 to provide consensus to the networkThe Ropsten Beacon Chain will upgrade to merge-compatible protocol rules (Bellatrix) at slot 24000, expected on June 2, 2022After this, a Terminal Total Difficulty (TTD) will be chosen to activate The Merge on the proof-of-work chain. Node Operators will need to manually set this value on their clients.June 3 update: the exact Terminal Total Difficulty for the Ropsten Merge is 50000000000000000. A subsequent announcement explains how node operators and stakers can ensure their…
In today’s ever-changing blockchain world, Ethereum remains the king of smart contracts and powers many decentralized applications and digital assets. However, the blockchain landscape has changed dramatically in recent years, and Cardano now looks like a real contender. Conflicting signals: Cardano’s incredible rise in popularity and market capitalization only highlights its growing influence. Cardano, a third-generation blockchain, has established itself as scalable, sustainable, and interoperable. This could fill the void left by Ethereum and rewrite the blockchain battle lines. What’s driving Cardano’s surge Cardano has been gaining popularity recently due to its outstanding features and performance. Ouroboros’ proof-of-stake consensus mechanism…
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce applauded her colleagues for imposing a $1.7 million fine on DeFi protocol BarnBridge DAO. I voted against the measure, although I have not written a dissenting opinion (yet?). This is another example of the SEC’s inaccurate legal reasoning in cryptocurrency cases, which will only add to the uncertainty for cryptocurrency projects in the United States.— Hester Peirce (@HesterPeirce) December 23, 2023 BarnBridge DAO has agreed to settle charges that it, along with its two founders, Tyler Ward and Troy Murray, sold structured crypto-asset securities known as SMART Yield bonds. “The company…
Solana’s TVL is at its highest level since October 2022. The chain’s DEX trading volume recently hit a yearly high. Solana’s (SOL) decentralized finance (DeFi) ecosystem has seen a surge in activity over the past two months, with total value locked (TVL) hitting its highest since the beginning of the year, Reuters reported. DeFiLlama. Source: DefiLlama At press time, Solana’s TVL was $1.3 billion. The last time the network’s TVL was this high was in October 2022. For context, the network’s TVL as of January 1st was just $210 million, showing that Solana’s TVL has seen 519% year-to-date (YTD) growth.…
Former CEO and co-founder of cryptocurrency exchange BitMEX Arthur Hayesshared his thoughts on what could lead to Bitcoin’s downfall. His latest comment Echo the reservation details What information cryptocurrency founders have about a potential launch Bitcoin ETF Spot. TradFi Could Lead to Bitcoin’s Downfall His past articles During the year, Hayes said TradFi asset managers would “completely destroy Bitcoin” if: ETFs they manage It was a huge success. He made this claim, citing Bitcoin’s uniqueness. Hayes noted that the best crypto tokens are different from “every other means of currency humanity has ever used.” Due to Bitcoin’s uniqueness, Hayes believes…
Solana continued its upward trend, surpassing $100 on Saturday afternoon for the first time in 20 months since April 2022, marking a 770% increase since this time last year.SOL is up 6% on the day, with the current price jumping to nearly $103 after hovering below $100 for the past few days, according to data from CoinGecko. The cryptocurrency upset XRP on Wednesday to become the fifth-largest coin by market capitalization, and later on Thursday upended Binance Coin (BNB) to take the fourth spot.As of this writing, Solana has a market capitalization of $44 billion. Last week, weekly Trading volume…
join us telegram A channel to stay up to date on breaking news coverage Popular YouTuber Cilinix Crypto reviewed Meme Kombat, a new entrant in the meme coin space that raised over $4.3 million in the $MK token presale. Meme Kombat, an Ethereum-centric initiative, is gaining momentum in its pre-sale phase, attracting investment from a global audience. The recent integration of dynamic staking has sparked speculation among enthusiasts and positions $MK as a potential frontrunner for the upcoming meme coin surge when it hits the public markets. In this article, we explore what is driving interest in the token, review…
This article is featured in Bitcoin Magazine’s “The Primary Issue”. Click here to get your Annual Bitcoin Magazine Subscription.Click here to download a PDF of this article.On November 6, 2012, Washington and Colorado became the first two states in the United States of America to legalize the recreational use of cannabis. While medicinal use of the plant had been allowed in California since 1996, and widespread acceptance slowly dominoed across the country over the next 20 years, Washington and Colorado were the first to allow legal recreational use at the state level. This was a watershed moment in social politics.…
Much of that energy is driven by rampant speculation. Some of the most popular cryptocurrency assets currently trading on Solana are dog-themed meme coins. However, airdrops are also driving many traders to test Solana-based lenders, bridges, and other infrastructure.