News - Page 19

OKX Chief Innovation Officer Jason Lau has announced the launch of X1, a new network that aims to educate and onboard users into the world of Web3. X1 is designed to be scalable and accessible, making it an ideal platform for developers to build user-friendly and high-quality consumer Web3 applications. The network also ensures interoperability with other networks and ecosystems, allowing for seamless integration and collaboration. With X1, developers can leverage its capabilities to create innovative and cutting-edge solutions that enhance the Web3 experience. Join X1 today and be a part of the future of decentralized applications!

The Internal Revenue Service (IRS) has recently proposed a new tax reporting rule that has raised concerns within the decentralized finance (DeFi) and cryptocurrency communities. This rule, known as the "broker rule," has been criticized for its potential negative impacts on non-custodial and open platforms.

In the world of cryptocurrency, there is a growing optimism about its future potential. One prominent figure, Wood, is particularly bullish on crypto and predicts significant growth in the market.

Consensus 2024 is CoinDesk's highly anticipated annual event that serves as a gathering for all aspects of the crypto, blockchain, and Web3 communities. This event has a long-standing reputation for being the most influential in the industry. It brings together experts, enthusiasts, and innovators from around the world to discuss and explore the latest trends, developments, and opportunities in the crypto space.

Collecting and trading pins can be an exhilarating experience for fans of a particular IP or pin style. The feeling of meeting a stranger at Frontierland or Disneyland who shares the same fandom and then engaging in your first trade with them is truly exciting. This experience can create a sense of connection and camaraderie among pin collectors. For some, the thrill of pin trading is enhanced by the opportunity to meet new people and share their passion. Whether it's at Disneyland or any other pin trading event, the joy of connecting with fellow collectors and expanding your pin collection is a memorable experience. So, if you're a pin enthusiast, don't miss out on the chance to engage in this exhilarating hobby and make new connections along the way.

Traders who invested in XRP futures experienced significant losses of approximately $7.26 million within the last 24 hours. These losses were a result of the volatile price movements triggered by false rumors surrounding a potential exchange-traded fund (ETF) filing by BlackRock (BLK).

A widely followed crypto trader predicts that Bitcoin (BTC) could potentially experience significant growth in the remaining weeks of 2023. Pseudonymous analyst Dave the Wave suggests that it is not out of the realm of possibility for Bitcoin to rally to its record high of slightly over $69,000, which would represent an 87% increase from its current level.

Gas prices on the Ethereum network reached a peak of 270 gwei on Thursday, the highest level since June 2022. As a result, the cost of trading swaps surged to between $60 and $100 for a few hours.

A widely followed analyst is optimistic about the future of Dogecoin (DOGE), the largest memecoin by market cap, as the crypto markets continue to grow.

CME, the Chicago Mercantile Exchange, has emerged as the top futures and perpetual futures exchange, according to CoinGlass data. With an open interest (OI) of approximately $4.07 billion, CME holds a market share of 24.7%. On the other hand, Binance, a popular cryptocurrency exchange, experienced a decrease in OI, standing at $3.8 billion, down 7.8% in the past 24 hours.

The birth of Artificial Intelligence (AI) can be traced back to the Dartmouth Workshop in 1956, where the concept of creating intelligent machines was first discussed. Over the years, AI has evolved, and in 2010, deep learning, a subset of machine learning, gained prominence. Deep learning has attracted significant attention from investors due to its ability to analyze large amounts of data, identify complex patterns, and make data-driven predictions quickly.

A trader known for making accurate calls predicts that Polygon (MATIC) has the potential to experience significant growth during the next bull market cycle.

ETH experienced a significant surge in value, surpassing the $2,000 mark during the early U.S. morning hours. This increase in price was triggered by the registration of a corporate entity called 'iShares Ethereum Trust' in the state of Delaware, which is known as the legal home for numerous U.S. businesses. This development is reminiscent of a similar occurrence in June when BlackRock's iShares Bitcoin Trust was registered in Delaware shortly before the submission of the ETF application.

BlackRock, an investment firm managing trillions of dollars worth of assets, has registered its iShares Ethereum trust in Delaware. This move follows a similar registration process for its Bitcoin trust. The registration documents have been verified by senior Bloomberg ETF analyst Eric Balchunas.

BlackRock, the world's largest asset manager, has revealed its plan to list an Ethereum Trust on Nasdaq, the U.S. exchange. The company filed the plan with Nasdaq, and the product will require regulatory approval. In a separate development, it was discovered that BlackRock's ETF division, iShares, has registered a corporate entity called 'iShares Ethereum Trust' in the state of Delaware.

The necessary technology is falling into place, and the industry has the right intentions — and so, hopefully, an influx of capital will soon follow. However, to ensure the sustainable growth of DeFi, it is crucial that it stays on the right side of the law and that institutions meet the obligations of their stakeholders.