Autor Cointelegraph By Joseph Hall

Bitcoin ETF decision delayed, SEC commissioner wonders why

Bitcoin ETF decision delayed, SEC commissioner wonders why

Uverejnil používateľ | jan 5, 2022 |

The United States Securities and Exchange Commission has postponed its decision to approve NYDIG’s spot exchange-traded fund (ETF) for Bitcoin (BTC), delaying until March 16.In a notice published on Tuesday, the SEC found it “appropriate to designate a longer period within which to issue an order approving or disapproving” the ETF. Upon the news, BTC’s price didn’t flinch, remaining in its tightly coiled range under $47,000.In a promising turn of events, an SEC bigwig has been vocal in support of a spot ETF. While crypto enthusiasts are used to rejections and delays in BTC spot ETFs, SEC Commissioner Hester Peirce also wonders why it’s taking so long.In an interview with industry media, the commissioner said, “I can’t believe we’re still talking about this as if, you know, we’re waiting for one to happen […] We’ve issued a series of denials even recently, and those continue to use reasoning that I think was outdated at the time.”Related: What has been standing in the way of a pure-Bitcoin ETF?The NYDIG first proposed an ETF on Feb. 16 last year, while the most recent deadline for giving a thumbs-up was Jan. 15. If approved, it would have become the first spot Bitcoin ETF in the United States. U.S.-based investors can gain exposure to BTC through Valkyrie’s latest ETF offering or through the popular ProShares BTC futures contracts fund. However, investors still covet a way of gaining direct exposure to the asset.Across the border, Fidelity Canada launched a BTC ETF and mutual fund in December, while Brazilian and Latin American investors can tap into BTC spot ETFs. It begs the question: When will a spot ETF land on U.S. shores?With over 20 BTC-related ETFs awaiting approval or rejection in the U.S. according to ETF.com, surely 2022 is the year.

Čítaj viac
Golf startup putts $10.5 million in NFT sales

Golf startup putts $10.5 million in NFT sales

Uverejnil používateľ | jan 5, 2022 |

No sector of the economy or indeed life is safe from nonfungible tokens (NFTs) or tokenization. Golf is the latest sport to succumb to the lure of NFTs and a round of decentralization thanks to the efforts of LinksDAO. In a sold-out NFT drop, LinksDAO raised $10.5 million to fund its golfing aspirations. More than 9,000 “leisure membership” and “global membership” NFTs were purchased on the OpenSea platform, exchanged for Ether (ETH). It would seem that while 2021 was a thriving year of decentralized autonomous organization (DAO) activity, with some treasuries surging in value by 40x, golf is also now driving crypto adoption. However, as opposed to pictures of bored apes or raising funds for presidential campaigns, the LinksDAO NFTs contribute to the running of a DAO, which would “improve transparency around certain aspects of organizational governance of the club’s business.” Consequently, the LinksDAO NFTs are not membership cards to the golf clubs; they are the keys to community access, governance, and “a wide variety of perks.” The NFTs will eventually unlock membership to LinksDAO’s first golf and leisure club.As expected, the NFT sale is merely the newly formed startup’s means of teeing off. High on the priority list of LinksDAO’s business plan is to “identify a list of golf courses for acquisition” and develop a $LINKS cryptocurrency token. These plans should come together in mid-2022.Related: DAOs are the foundation of Web3, the creator economy and the future of workThe group is led by Mike Dudas, a familiar figure in crypto as founder and CEO of The Block. A vocal anti-Bitcoin (BTC) maximalist, he reached the #83 spot on Cointelegraph’s Top 100 most influential people in crypto in 2020. His Twitter has taken on the apt “Mike DAOdas” handle, and he is associated with The Block, 6th Man Ventures a crypto VC, as well as Paxos and Venmo. Despite general market exuberance for DAOs, some golf fans and NFT collectors were left scratching their heads regarding Dudas’ route to starting a golfing company by creating a DAO. Dudas clarified in a Tweet that the LinksDAO NFT “does *not* give ownership of the asset, but it gives governance rights over the process of club design and the ability to purchase membership at the club once open.”

Čítaj viac
Bogdanoff crypto-meme twins pass away at age 72

Bogdanoff crypto-meme twins pass away at age 72

Uverejnil používateľ | jan 4, 2022 |

Raise a glass today to the twin characters behind the famous “Pomp Eet” cryptocurrency meme. The French television presenters died within one week of each other at the age of 72. According to Le Monde, the two brothers were hospitalized on Dec. 15 and transferred to the intensive care unit of a Paris hospital after contracting SARS-CoV-2, which causes the COVID-19 disease. Grichka died on Dec. 28, and Igor died six days later, on Monday. The twins became famous in France in the 1980s, hosting a popular TV show called Temps X and selling a best-selling book called Clefs pour la science-fiction, or Keys to science-fiction. Despite their TV charm, outlandish views on theoretical physics, and noble Russian bloodline, the twins rose to cryptocurrency market fame due to a viral meme. The twins’ striking high cheekbones, puffed lips and elongated chins, which the brothers denied were a result of plastic surgery, made them internet meme stars as far back as 2015. Extravagant, conspiratorial stories surrounding the twins first appeared on Reddit and 4Chan before cryptocurrency meme creators took over. The most iconic crypto meme shows Grichka as an omniscient, omnipotent figure, capable of crashing — “bogging” — or pumping cryptocurrency markets with a single phone call.The original YouTube video from February 2018 has over 4 million views, while the meme features in tweets and trading forums.Related: Most popular meme tokens create a play-to-earn gaming platformFortunately, the twins were happy to run with the joke and the newfound fame the meme brought them. In an interview with CNEWS in July last year, they claimed that they had predicted a Bitcoin (BTC)-like currency in 1982 as part of their Temps X TV show. They even suggested that they may have met with the mysterious Bitcoin creator, Satoshi Nakamoto, in the 1990s.Igor told the TV show Non-Stop People that the famous photo of his brother on the phone has been viewed over 1 billion times and that Satoshi “probably had something to do with it going viral.” There is no proof of this interaction. While the twins were no strangers to the eccentric or the outlandish, the memes will undoubtedly live on.

Čítaj viac
Nexo co-founder targets Bitcoin at $100K by mid-2022

Nexo co-founder targets Bitcoin at $100K by mid-2022

Uverejnil používateľ | jan 4, 2022 |

Another promising price prediction has appeared for Bitcoin bulls in 2022. Antoni Trenchev, co-founder and managing partner of Nexo said that Bitcoin could hit the $100,000 milestone as soon as the summer in an interview with CNBC.Despite BTC opening the year with bearish price action, while the fear and greed index shows “extreme fear,” the Bulgarian business mogul set the record straight: “Every time that investors and the broader community write off Bitcoin, it outperforms significantly. This has been the case in 2020–when it rallied close to 1,000%, and in 2021 where it rallied 63%. I’m quite bullish on Bitcoin.”As one of the world’s largest lending institutions in the digital finance industry, Nexo is privy to insights from serving 2.5 million users across 200 jurisdictions. As a competitor to platforms like BlockFi and Celsius, it recently became one of the first crypto lenders to allow customers to borrow stablecoins, Ether (ETH) and other cryptocurrencies using NFTs as collateral. Related: Brock Pierce and Tom Lee tip $200K BTC in 2022, despite missing the mark in 2021While Nexo was forged in the bear market of 2018, Trenchev says that access to “cheap money,” and institutions filling their bags with cryptocurrencies will propel Bitcoin over the $100,000 wall.There’s plenty of evidence that institutional adoption is brewing. Last month, Fidelity Investments partnered with Nexo to offer crypto custodial services, products and lending services for institutional investors. Yesterday, Sam Bankman-Fried, the founder of FTX (which just listed NEXO token on his exchange), said that regulatory clarity would “help a ton on institutional adoption.” In a nod to further Bitcoin adoption in developing countries, Trenchev concluded that “Latin America is the poster child” for cryptocurrency use cases. He joked that “all of them (countries) could be potential candidates for adopting cryptocurrencies as legal tender.”

Čítaj viac
Centralized systems are here to stay, says Binance CEO CZ

Centralized systems are here to stay, says Binance CEO CZ

Uverejnil používateľ | dec 31, 2021 |

The Chinese-Canadian business executive’s standout message was that centralized exchanges like Binance would remain relevant in 2022 and beyond. Riposting to a loaded tweet about centralized finance’s dark side as well as the future of decentralized finance, CZ said, “Today, we still need the centralized systems to integrate with the traditional financial industry so that we can bring the money into and out of crypto.”He caveated the sentiment with reference to the cryptocurrency market as still being a nascent industry, prone to “hackers, Ponzi schemes and scammers.”Keen readers will remember one of 2021’s legendary rug pulls, Squid Game token (SQUID), which clocked a 45,000% gain before dumping. In early November, Binance launched an inquiry into the token to trace funds associated with the epic pump and dump. Inevitably, when prompted about favoritism towards certain blockchain projects, or even coins that, according to one Twitter user, are “totally fake,” CZ set the record straight: “Binance lists about six or seven hundred coins out of probably 6 million coins. So only one in 10,000 coins that’s ever created gets listed on Binance. That’s about 0.01%. It is a very small number.”While coin selection is a moot issue, tighter management of centralized exchanges (CEX) has been rife during 2021. No strangers to compliance themselves, Binance Turkey was recently fined 8 million lira for non-compliance against money laundering, while CEXs as a whole came under pressure in August this year.Related: Binance to finalize acquisition of Swipe, paving for CEO exitIn terms of the group’s growth, Binance now numbers over 90 million users worldwide, dwarfing its team of “a couple of thousand Binancians.” 2021 goes out with a bang, as regulatory approvals in Canada and Bahrain will bring Binance services to more crypto enthusiasts across the globe. CZ, meanwhile, will continue to hodl his two favorite coins, Binance Coin (BNB) and Bitcoin (BTC). Reaching 36 on Cointelegraph’s Top 100 Notable People in Blockchain in 2021, he wishes us all a Happy New Year while he will “continue to work on Binance users’ feedback in 2022.” In a tongue-in-cheek hot seat video to round off 2021, Binance CEO Changpeng Zhao, or “CZ,” responded to a series of curated Tweets from the Binance community. 

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy