Inilunsad ng Swiss bank UBS ang tokenized money market fund sa Ethereum

Ethereum  Inilunsad ng Swiss bank UBS ang tokenized money market fund sa Ethereum  11 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Leading Swiss bank UBS has launched a live pilot of a tokenized version of its variable capital company (VCC) fund as part of Project Guardian, an initiative led by Singapores central bank.  In a press release, UBS Asset Management announced that the fund is part of a broader VCC umbrella designed to bring different types of real-world assets (RWA) to the blockchain. According to Thomas Kaegi, the head of UBS Asset Management for Singapore and Southeast Asia, the project is a milestone in understanding funds tokenization. Kaegi said:  “Sa pamamagitan ng exploratory initiative na ito, makikipagtulungan kami sa mga tradisyunal na institusyong pampinansyal at fintech provider para makatulong na maunawaan kung paano pahusayin ang market liquidity at market access para sa mga kliyente.”  UBS Asset Management launched the controlled pilot of the tokenized money market fund through the companys in-house tokenization service called UBS Tokenize. Using a smart contract on Ethereum, the firm carried out various activities, including redemptions and fund subscriptions.  The pilot is also a part of the companys global distributed ledger technology strategy, which focuses on using private and public blockchains to enhance

2023-10-03Industriya

C is for crypto, but the CFTC didnt get the memo

crypto  C is for crypto, but the CFTC didnt get the memo  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The Commodity Futures Trading Commission is going down the wrong path.  Throughout its history, the CFTC has prided itself as a pro-innovation regulator that constructively engages with industry, academia and the public to deliver principles-based regulatory outcomes.  Sadly, some of the agencys recent enforcement cases — or what they call their “continued enforcement focus in the digital asset decentralized finance [DeFi] space” — are a material departure from this precedent.  In an era when DeFi offers opportunities to foster more inclusive markets, deliver enhanced risk management and improve price discovery, the CFTCs self-proclaimed enforcement campaign against DeFi is a step in the wrong direction. Its stance on DeFi threatens to force innovation offshore, undermining US competitiveness and leadership across the global financial system.  The recent CFTC cases against Opyn, ZeroEx (0x) and Deridex are emblematic of the issues with this new enforcement-first approach.  Ironically, just days after a federal judge dismissed a civil claim against DeFi software developer Uniswap Labs for the actions of a third party, the CFTC announced enforcement actions against these three DeFi protocol operators.  The enforcement actions come even after a federal judge reasoned in

2023-10-03Industriya

Grayscale looks to convert discounted $5B Ethereum trust to spot ETF

Ethereum  Grayscale looks to convert discounted $5B Ethereum trust to spot ETF  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Grayscale has moved to convert its Ethereum Trust (ETHE) into a spot exchange-traded fund (ETF).  In an Oct. 2 statement, the crypto asset investment product said the New York Stock Exchange Arca filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) to convert its Ether Trust into a spot ETF.  The filing is coming on the heels of the SECs approval of several Ethereum futures ETFs.  Grayscale CEO Michael Sonnenshein said the move further indicated the firms “unwavering commitment to offering investors transparent and regulated access to crypto through product structures that are familiar.” He added:  Habang nag-file kami upang i-convert ang ETHE sa isang ETF, ang natural na susunod na hakbang sa ebolusyon ng produkto, kinikilala namin ito bilang isang mahalagang sandali upang dalhin ang Ethereum nang higit pa sa regulasyong perimeter ng US.  Grayscale Ethereum Trust was launched in March 2019 and has grown to become one of the largest Ether investment vehicles in the world. Per its website, the assets under management of the fund sit at approximately $5 billion, representing 2.5% of all Ether in circulation.  Meanwhile, Grayscale recently scored a landmark victory

2023-10-03Ethereum

Ang Solana (SOL) ay Gumagawa ng Nangangakong Pagbawi, Tumaas ng 15%

Tech  Ang Solana (SOL) ay Gumagawa ng Nangangakong Pagbawi, Tumaas ng 15%  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  In addition to the 15% price surge, Solanas total value locked (TVL) reached an impressive milestone on October 2, standing at $338.82 million.  In a surprising turn of events, Solana (SOL), one of the most popular cryptocurrencies in the market, has experienced a remarkable resurgence, witnessing a 15% surge in its price over the last 48 hours. Currently, SOL is trading at $24.19, representing a substantial 65% increase from its lowest price in 2023.  This impressive price rally has propelled SOL beyond a critical technical indicator known as the 200 Exponential Moving Average (EMA), a level closely monitored by traders and analysts.  SOL Witnesses Best Performing Week since July  Solana (SOL) witnessed its most robust performance week since mid-July. The crypto asset traded at $19 on Friday, indicating a slight increase from the $18 it traded on September 13. According to data from CoinGecko, the token has experienced an impressive 29% increase in value and has surged by an astounding 39.08% from its lowest point last month.  The surge is even more noteworthy because the crypto asset had been under significant short-selling pressure, hinting at the possibility of

2023-10-03Industriya

GSR Singapore Regulatory Win With MAS New License Approval

Tech  GSR Singapore Regulatory Win With MAS New License Approval  21 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  GSR, the global cryptocurrency trading firm and liquidity provider, has achieved a significant milestone in its regulatory journey. Its Singapore subsidiary, GSR Markets (GSR Singapore), has received In-Principle Approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license.GSR Singapore Achieves Regulatory Milestone with MAS Approval  The approval from MAS represents a crucial step for GSR in expanding its operations in the Asia-Pacific region and fostering the adoption of web3 technology.  This achievement enables GSR Singapore to better serve the cryptocurrency community and deepen its presence in the Singapore market. GSR aims to utilize Singapore as a strategic hub for investment in the region, supporting entrepreneurs and innovators in the cryptocurrency space.  GSR Paves the Way for Crypto Expansion in Asia-Pacific  Jakob Palmstierna, CEO of the GSR Group, expressed gratitude to MAS for their constructive oversight, emphasizing the role of regulatory authorities in shaping a thriving digital asset ecosystem. GSR Singapore remains committed to its role as one of the crypto industrys oldest market makers and is dedicated to enhancing its presence in Singapore.  GSR‘s reputation as the primary market maker for numerous leading cryptocurrency exchanges worldwide

2023-10-03Industriya

Grayscale seeks to convert its Ethereum Trust to an ETF

Ethereum  Grayscale seeks to convert its Ethereum Trust to an ETF  29 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Grayscale Investments wants to morph its Ethereum Trust into an ETF, a move that parallels a proliferation of ETH-related fund applications.  The news came in a Monday filing by NYSE Arca, the exchange that would list the planned fund. Shares of the Grayscale Ethereum Trust (ETHE) currently trade on the OTC Markets Group under the ticker ETHE.  ETHE has about $5 billion in assets under management. The trusts shares were trading at about a 31% discount to its net asset value on Friday, according to YCharts.com.  “As we file to convert ETHE to an ETF, the natural next step in the products evolution, we recognize this as an important moment to bring Ethereum even further into the US regulatory perimeter,” Grayscale CEO Michael Sonnenshein said in a statement.  The filing follows Grayscales court win against the Securities Exchange Commission over its proposed conversion of its Bitcoin Trust (GBTC) to an ETF.  Judges ruled in that case that the SECs denial of that application — but its allowance of bitcoin futures ETFs — was “arbitrary and capricious.”  Though the decision doesn‘t force the SEC to approve GBTC’s conversion to an ETF,

2023-10-03Ethereum

Vitalik Buterin Discusses Certain Changes to Ethereum Staking, Whats Coming Next?

Ethereum  Vitalik Buterin Discusses Certain Changes to Ethereum Staking, Whats Coming Next?  26 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum co-founder Vitalik Buterin also raised concern regarding the concentration of Ethereums liquid staking providers.  In his recent blog post, Ethereum co-founder Vitalik Buterin shared his opinion on adding some protocols to the Ethereum blockchain code. He also touched upon the most important part which is the concentration of liquid staking service providers.  Vitalik Buterin discussed several Ethereum protocols, including the account abstraction protocol ERC-4337, ZK-EVMs, private mempools, code precompiles, and liquid staking. He expressed stronger support for “enshrining” some of these protocols, such as ERC-4337, in Ethereums code, while he had reservations about others like private mempools. However, he acknowledged that each protocol presents a complex tradeoff that will continue to evolve over time.  Buterin also raised concerns about the concentration of Ethereums liquid staking providers. Notably, Lido currently controls over 32% of staked ether, albeit across different validators. Buterin highlighted that both Lido and Rocket Pool, two major providers, carry different risks and have some safety measures in place, though these might not be sufficient.  Rather than relying solely on “moralistic pressure” to promote a more diverse set of staking providers, Buterin contemplated potential protocol

2023-10-02Ethereum

5 Best Generative Artists Making Tides in the NFT Landscape

From pencils to colors and drawing boards to screens, the art industry is transforming constantly. NFT space best explains the transformation of art from the sheet to the screen along with providing them their real value. The art world is thriving, attracting new artists to the landscape and creating room to run.  Lets take a look at five generative artists who rocked the NFT space with their stunning and unpredictable art pieces.  Jimena Buena Vida  Jimena Buena Vida is one of the most popular generative artists in the art and NFT world. Born in Colombia, Jimena merged art with emotions and technology through her colorful and geometric creativity. She is a self-taught artist, engineer and mother, and creator of the Epiphanies NFT project, representing a great combination of geometry and technology. Jimena Buena Vidas art pieces serve as a channel to mental health awareness, inspiring lasting transformations. Epiphanies NFT project is one of her latest works introduced to the NFT space in July 2023, offering an immersive experience of geometry and technologies.  Jack Butcher  Another popular name on the list is Jack Butcher, a digital artist, designer, and founder of Visual Value, an entrepreneurship course maker. He holds a popular position in the NFT landscape

2023-10-02Industriya

OX token value craters as 3ACs Su Zhus arrest triggers uncertainty

Open Exchange‘s (OPNX) native currency crashed on the heels of co-founder Su Zhu’s arrest.  OX token value craters  The arrest of Su Zhu has triggered a massive wave of sell pressure, resulting in a steep decline in the value of OX tokens.  Ayon sa Alphanomics, approximately $1 million worth of OX tokens were hastily dumped by token holders in the days following the news.  As a result, OX tokens dropped to as low as $0.010. While a minor recovery has occurred since the initial crash, the tokens value remains down by over 83% from its all-time high.  OX is the native cryptocurrency of OPNX, a specialized exchange designed for trading claims of insolvent crypto firms like FTX. Holders of OX tokens benefit from reduced trading fees on the platform and have a say in its governance activities.  OPNX was launched in April amid controversy due to its association with Zhu as well as Kyle Davies, co-founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC).  Su Zhus arrest  This month, Su Zhus arrest at Changi Airport in Singapore sent shockwaves through the Web3 community.  Following his failure to adhere to a court instruction, Zhu was handed a four-month prison sentence after issuing a committal order.  Teneo, the court-appointed joint

2023-10-02Industriya

Panay ang Presyo habang ang Bitcoin ay gumagawa ng Malakas na Pagbabalik

Weekly cryptocurrency analysis of Curve DAO Token, Pepe, Chainlink, Maker and Theta Network brought to you by Coinidol.com.   All of the fifth best performing cryptocurrencies, with the exception of THETA, have seen a positive revival last week. Some altcoins have risen to their previous highs. However, the overbought conditions of the cryptocurrencies are hindering the upward movement.  DAO Token Curve  Curve DAO Token (CRV) is in an upward correction as it has broken above the moving average lines. The crypto assets value rose to a high of $0.56, but failed to maintain the uptrend. After being rejected at the recent high, altcoin is now on the retreat. If the price goes back above the moving average lines, the uptrend will resume. Selling pressure will increase if the price declines and falls below the moving average lines. The decline will reach a minimum of $0.39.  CRV is above the moving average lines. If buyers maintain the positive trend, the altcoin will rise to its previous highs. However, on the upside, CRV will face resistance from the overbought high of $0.60. The altcoin is currently moving up above the 63 level of the Relative Strength Index of period 14. The most popular cryptocurrency is called

2023-10-02Industriya
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