Grayscale reports 99% of SEC comment letters support spot Bitcoin ETF
“The approval of each and every Bitcoin-linked investment product strengthens our arguments about why the U.S. market deserves a spot Bitcoin ETF,” said CEO Michael Sonnenshein. Digital asset manager Grayscale reported overwhelming support in public comments for its application to …
Bitcoin’s short-term price prospects slightly improved, but most traders are far from optimistic
Bitcoin’s derivatives metrics reflect slight improvements since the $17,600 low, but whales and market makers continue to price higher risk of another breakdown. A mild sense of hope emerged among Bitcoin (BTC) investors after the June 18 drop to $17,600 …
NFT.NYC — How the Web3 space is validating the work of digital artists
The Digital Diaspora, an event hosted at Samsung 837 during the week of NFT.NYC, beamed a spotlight on some of the most prominent Black artists within the NFT space. Following the conclusion of the fourth annual NFT.NYC conference, attendees took …
Bitcoin price dips under $21K while exchanges see record outflow trend
Someone is buying the dip with conviction as the start of Wall Street trading drags the market lower. Bitcoin (BTC) sold off into the June 27 Wall Street open as United States equities fell. BTC/USD 1-hour candle chart (Bitstamp). Source: …
Goldman Sachs downgrades Coinbase stock to ‘sell’
The United States cryptocurrency exchange has seen its stock price plunge in lockstep with Bitcoin, Ether and the broader digital asset market. Shares of Coinbase Global Inc. (COIN) have been downgraded by analysts at Goldman Sachs after plunging cryptocurrency prices …
Metaverse can’t be built on the corporate business model, says EY innovation lead
Jones believes the established firms need to focus on community engagement first before jumping on a trend like NFTs. Magnus Jones, the innovation lead at big four accounting firm Ernst & Young (EY) believes that the metaverse would be led …
Voyager Digital issues notice of default to Three Arrows Capital
Voyager said that it will continue to operate and fulfil their customers’ orders and withdrawals amid its current issues. Crypto exchange Voyager Digital has issued a notice of default to hedge fund Three Arrows Capital (3AC) for its failure to …
Educating regulators will help mitigate risks, says Figment exec
Robert Ellison noted that a regulatory framework for staking is achievable because the concept is very easy to understand. Cointelegraph’s managing editor Alex Cohen interviewed Figment’s staking marketing director Robert Ellison at the European Blockchain Convention (EBC) 2022. The duo …
Metaverse fractional ownership to form similarly to property loans: Casper exec
Ralf Kubli said that smart contracts can create fractionalization agreements and divide plots of metaverse land that can be leased out individually. As metaverse land assets become more expensive, ownership becomes harder for normal users. Because of this, Ralf Kubli, …
Swiss National Bank exec: Regulators may favor centralized stablecoins after Terra crisis
Thomas Moser hinted that regulations might take time as the current regulations would wipe out the decentralized ecosystem like DeFi. Swiss National Bank (SNB) deputy head Thomas Muser talked to Cointelegraph editor Aaron Wood and discussed the ongoing trends in …