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While unlikely, Bloomberg’s ETF analysts conceded that there’s always a possibility that SEC Chair Gary Gensler could be waiting until the last moment to deny the flurry of pending spot Bitcoin ETF applications. There’s a slim chance the United States Securities and Exchange chief Gary Gensler could pull the plug on spot Bitcoin (BTC) exchange-traded funds in one “amazingly sadistic” move, according to Bloomberg ETF analysts .  In an Oct. 31 tweet directed at senior Bloomberg ETF analysts James Seyffart and Eric Balchunas, ETF commentator Dave Nadig posed whether Gensler may be allowing for spot Bitcoin ETF applications to pile up just to deny them all at once in a “semi-comedic rug-pull.” “I'm sure it will be much more boring than this -- but sometimes it does feel like this is all a setup for a giant Gensler semi-comedic rug-pull,” said Nadig. I'm sure it will be much more boring than this -- but sometimes it does feel like this is all a setup for a giant Gensler semi-comed...

Taproot Assets is “how we bitcoinize the dollar and the world’s financial assets,” says Ryan Gentry, director of business development at Lightning Labs. Bitcoin layer-2 infrastructure firm Lightning Labs has release d the mainnet alpha of Taproot Assets, a protocol aimed at enabling stablecoin s and real-world assets to be issued on the Bitcoin and Lightning Network. The current version, Taproot Assets v0.3, will provide a “feature-complete developer experience” to issue, manage and explore stablecoin s and other assets on the Bitcoin blockchain, according to Ryan Gentry, head of business development at Lightning Labs. “We believe this new era for Bitcoin will see a myriad of global currencies issued as Taproot Assets, and the world's foreign exchange transactions settled instantly over the Lightning Network.” “With this release , developers can issue financial assets on-chain in a scalable manner,” Lightning Labs stated on Oct. 18 in a separate post. “Today marks a new era of mu...

Ripple’s operations gear up in Europe and Asia despite an ongoing lawsuit with the U.S. Securities and Exchange Commission. Cryptocurrency payments service provider Ripple continues to see global adoption of its payment services despite a long-winded legal battle with the United States Securities and Exchange Commission (SEC) over its XRP (XRP) token. In a wide-ranging interview with Cointelegraph at Money 20/20 in Amsterdam, Sendi Young, Ripple’s managing director for Europe and the United Kingdom, unpacked the firm’s growing remit worldwide, despite ongoing regulatory scrutiny in the United States. Cryptocurrency exchanges and businesses have clashed with U.S. regulators over the past year, with a lack of regulatory clarity threatening to stifle innovation and adoption of blockchain-based services, systems, and cryptocurrencies. Meanwhile, the European Union is well on its way to instituting a set of requirements and standards for the cryptocurrency industry across the continent af...

The new funds would invest in a wide range of different crypto-related assets including Bitcoin miners and privacy tech. Three new crypto -focused exchange-traded funds (ETFs) have been put forward for approval by crypto currency asset manager Grayscale Investments, which also announced a new entity to manage its growing funds . On May 9, Grayscale said it launched a new arm of its business — the Grayscale Funds Trust — allowing it to manage many of its publicly traded financial products in-house. In addition to the new trust, Grayscale revealed it filed a registration statement with the United States Securities and Exchange Commission (SEC) for three new crypto-focused ETFs, despite previous roadblocks from the regulator over crypto-related ETFs. The new funds comprise an Ethereum Futures ETF, a Global Bitcoin Composite ETF along with a Privacy ETF. The Global Bitcoin Composite ETF would invest in exchange-traded products that are related to or backed by Bitcoin (BTC), including ...

In an exclusive interview with Cointelegraph, Alluvial chief product officer Matt Leisinger discusses the impact of liquid staking on the crypto ecosystem. In episode 18 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw sits down with Matt Leisinger, chief product officer at Alluvial — a software development company supporting the implementation of the Liquid Collective protocol — to explore the world of crypto Staking and its potential to attract institutional investors. Leisinger explains the Liquid Collective and shares his thoughts on the future of Ether (ETH) Staking after the Shanghai upgrade.  Matt Leisinger started his carrier in the traditional finance sector and shifted to trading cryptocurrencies in 2016. Leisinger invested in the Ethereum ecosystem and contributed to projects providing liquid Staking services. Leisinger explains liquid Staking as allowing users to stake assets on the Blockchain and mint a receipt token that represents the staked assets, which...

Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO. The majority of people will have their wealth progressively eaten away by the devaluation of money, according to Arthur Hayes, the co-founder and former CEO of crypto derivatives exchange BitMEX.  According to Hayes, due to the huge amount of public debt accumulated by the world’s largest economies, governments will have no choice but "inflating it away" through money printing.  Thus, the only way to escape the progressive destruction of fiat wealth is by acquiring assets outside the traditional financial system, such as crypto, the purchasing power of which doesn’t fall compared with the cost of energy.  “My whole goal with all of my investing and is to preserve capital so that I can consume the same amount of energy or whatever energy amount that I would like from now and into the future,” Hayes said in an exclusive interv...

A Chainlink exec said the oracles will improve GMX’s security by providing a more “strong degree of tamper-resistance when settling user trades.” Chainlink’s (LINK) low-latency oracles will integrate with the decentralized exchange (DEX) GMX following a successful governance proposal that sought to provide more “granular” real-time market data to GMX v2. Voting ended on April 25 at 12:00 am UTC, with over 96% of participating GMX tokenholders voting in favor of the proposal. The new Chainlink oracles — which were built with the input of GMX core contributors — were brought in to improve upon the functionality of perpetual DEXs and price-sensitive trading on GMX, the author of the proposal explained. The @GMX_IO community has officially approved a proposal to integrate Chainlink's new low-latency oracles as the launch partner in an on-chain vote with 96.28% approval. This integration will enhance both the security and UX of GMX's derivatives protocol.https://t.co/sh1tLDLtps ...

Ran Goldi, the vice president of payments at Fireblocks, believes that affordability and speed will keep big brands that have implemented crypto payments in the last two years. Hashing It Out Episode 16 explores one of the most popular use cases for crypto currencies: payment s. Elisha Owusu Akyaw is joined by Ran Goldi, vice president of Payments at Fireblocks, to explore the rapidly evolving world of crypto and payment s, the steps necessary for adoption, the role of stablecoins, and the hurdles — such as the collapse of crypto -friendly banks in the United States. The conversation begins with a discussion on the impact of the collapse of crypto -friendly banks in the United States. Goldi believes that the current banking issues in the U.S. are not helping with crypto adoption, especially with institutions. These issues shake the firms’ confidence in using Blockchain technology like stablecoins to move money globally, according to the vice president of Payments at Fireblocks. “We...

The stablecoin will be launched on the Noble network, making it available to all 50-plus Cosmos IBC blockchains. USD Coin (USDC) will soon be available in the Cosmos ecosystem via the Noble network (STAKE), according to a blog post from the Noble development team. The post was shared on Twitter by USDC issuer Circle. We're excited to bring USDC to @Cosmos! USDC is expected to launch on @noble_xyz soon, stay tuned for details. #IBC https://t.co/eqU8wno43F — Circle (@circle) March 28, 2023 Neither Circle nor Noble gave out a specific date for USDC’s launch on the network, but both said that readers should “stay tuned” for that information. In its announcement, the Noble team said that USDC will be the first “native, fiat-backed stablecoin that is highly liquid and fully collateralized” on a Cosmos IBC connected network. In its view, the introduction of the fiat-backed stablecoin will solve many of the challenges that Cosmos users currently have when trying to bridge assets from on...

Derivatives liquidity protocol Synthetix seals new partnership with DWF Labs, landing a $20 million investment from the quantitative trading firm. Tokenized asset issuance platform Synthetix has secured a $20 million investment through a new partnership with Web3 investment and quantitative trading firm DWF Labs. The market making and algorithmic trading company acquired $15 million worth of Synthetix’ native token SNX paid for with USD Coin (USDC) in March 2023. DWF Labs will be tasked with increasing SNX token Liquidity and market making across centralized and decentralized exchanges. Synthetix’ perpetual futures will be integrated into DWF Labs’ trading business as part of the deal. DWF Labs has also committed to purchase another $5 million worth of SNX tokens once the integration of Synthetix’ services has been completed. Synthetix allows users to tokenize a variety of real-world assets into derivatives called Synths, which provide exposure to a range of different assets. Hold...

Masa Finance announced its deployment on the Celo blockchain with its new “Prosperity Passport” identity solution for users. A central focus for many in the Web3 community has been improving identity solutions available to consumers. Last year the emergence of soulbound tokens (SBT) introduced a new way for users to define themselves.  Although the SBT hype quieted over the last months, they have not disappeared off the scene. On Mar. 1, the SBT protocol Masa Finance announced that it will deploy on the carbon-negative Celo Blockchain to create a new identity solution .  More than 10 million wallets active in the Celo ecosystem will be able to generate a Masa “Prosperity Passport.” This new Web3 identity solution allows users to mint a variety of SBTs related to their digital life, such as an authenticated user verification SBT, a credit score SBT, a community reputation SBT and a .celo domain name SBT. Calanthia Mei, the co-founder of Masa Finance said nonfungible tokens (NFTs) we...

Discover 11 essential tech jobs that don’t require coding skills, including UX designer, technical editor, digital marketer and data analyst. Tech jobs that do not require coding are important for several reasons. Firstly, they provide opportunities for individuals who may not have the technical background or interest in coding to work in the tech industry. This can help diversify the industry and bring in fresh perspectives and skill sets. Additionally, these roles are crucial for the successful development and launch of tech products and services. Technical support specialists, project managers, technical editors and quality assurance testers are all essential for ensuring that products are user-friendly, high-quality and meet user needs. Finally, these roles often require strong communication, problem-solving and organizational skills, which are valuable in many industries. Here are 11 jobs that do not require coding skills. User experience (UX) designer A user experience (UX) desi...

The freedom to stick to what makes the most sense financially sprouted various classes of investors, each distinguished by their intent behind crypto investments. For the first time since the 7th century, the paper-money economy found its true competition in the internet era. With Bitcoin’s (BTC) debut in 2010, the fiat ecosystem was not only challenged with proving its worth in day-to-day transactions but also safekeeping the investment ecosystem it helped build. Over the years, the crypto ecosystem attracted people from all walks of life — serving their unique financial needs while filling the gaps left wide open by the fiat ecosystem. While most of the world watched from the sidelines, trying to decipher the true potential of cryptocurrencies, the first batch of Bitcoin millionaires swayed investors’ attention toward the budding ecosystem. The freedom to stick to what makes the most sense financially sprouted various classes of investors, each distinguished by their intent behind c...