Author: NBTC
Poland’s second-largest bank, Bank Pekao, is using blockchain technology to preserve the country’s cultural heritage. According to a Pekao press release, the bank partnered with Aleph Zero to launch Archiv3, a project aimed at tokenizing Polish artwork and securely storing it for future generations. Tokenization is the process of turning physical assets, like art, into digital tokens on a blockchain, making them easier to store and track. For this project, Bank Pekao is digitizing famous Polish artworks, like those by Jan Matejko and Stanisław Wyspiański, using advanced 3D scanning technology. These digital versions are then stored as non-fungible tokens on…
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates. As an ETF, BlackRock’s Bitcoin Trust incurs an expense ratio of 0.25%, while MicroStrategy charges no such fee to shareholders. MicroStrategy benefits from revenue generated by its analytics business, providing financial stability beyond its bitcoin holdings. MSTR has the ability to raise capital via debt and equity offerings, while IBIT is reliant on direct investor inflows. Disclosure: The writer owns shares in MicroStrategy. The launch of U.S. bitcoin exchange-traded funds on Jan. 11, 2024,…
Cryptocurrency has evolved as a global asset class with significant implications for modern investment portfolios. Despite undeniable growth, crypto remains volatile, posing challenges for even seasoned investors. An increasingly popular solution to navigating these risks is crypto index investing. Crypto index funds are products that bundle multiple cryptocurrencies into a single vehicle, offering a diversified, systematic approach to gaining exposure to the digital asset market while mitigating some of its inherent risks. You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every…
Attorney Bill Morgan has clarified that the SEC’s latest appeal in the Ripple Labs case does not apply to secondary market sales of XRP made by retail investors. The appeal focuses on Ripple’s programmatic sales and distributions of XRP, not individual transactions on exchanges. The clarification comes after the U.S. SEC filed an appeal notice on October 2nd, following Judge Analisa Torres’s ruling in July. Confusion Concerning SEC Appeal Scope In a post on X, Morgan explained that Judge Analisa Torres did not rule on secondary sales of XRP, which involve transactions made by individuals on exchanges, such as retail…
The blockchain technology realm is going through a continuous evolution, with several entities competing for dominance in the case of user engagement, adoption, and utility. Recent statistics from Phoenix, a well-known crypto analytics platform, point toward the top active blockchains based on monthly and daily active addresses. The respective numbers offer a comprehensive overview of the industry’s present position. This displays which chains are going through the most consistent consumer engagement. TOP #BLOCKCHAINS BY MONTHLY ACTIVE ADDRESSES #Solana #Near #Base #Tron #BNBChain #Ton #Ethereum #Polygon #Arbitrum #Optimism pic.twitter.com/7td5c59VeM — PHOENIX – Crypto News & Analytics (@pnxgrp) October 2, 2024 Solana…
Bitcoin is aiming for a new all-time high as gold reaches its own record today, up 28% in 2024 and on track for its best year since 1979. While the US Federal Reserve continues to push for a “soft landing,” gold’s surge may be signaling a different outlook for the economy. Following the Fed’s recent interest rate cut of 0.5% on Sept. 18, gold surged to a record $2,648 per ounce today, driven by the weakening US dollar and rising global geopolitical tensions. As the US Dollar Index ($DXY) weakens and rate cuts take hold, the tumbling dollar has made…
Cathie Wood, a renowned investor and chief executive at Ark Invest, has taken to her account on the X social media platform (formerly popular as Twitter) to praise AI and also share the recent “white paper.” This document was written by Ark’s Chief Futurist Brett Winton, and it addresses current AI development, its quite fast expansion and the potential of this technology, as well as what it can achieve in the future. Cathie Wood has referred to AI as “the most transformative technology in history and the biggest catalyst to other innovation platforms.” These platforms in the future, she believes,…
A pending SEC closed-door meeting is fueling settlement talks within the Ripple community. The price of XRP is in recovery mode amid global macroeconomic trends. The crypto market continues to feel the effect of recent updates on the ongoing Ripple vs SEC legal battle and monetary policies from the Bank of Japan (BoJ). Notably, XRP has now recovered back to the $0.5 price range after falling to $0.4661 on Monday. New Development on Ripple vs SEC Case Attention was recently drawn to the ongoing case between Ripple Labs and the US Securities and Exchange Commission (SEC). The SEC’s announcement of…
The U.S. Treasury has sanctioned members of Russia’s Evil Corp in collaboration with the UK and Australia, continuing a crackdown on cybercriminals. Targeting seven individuals, the group is infamous for deploying Dridex malware and Bitpaymer ransomware. This move highlights international efforts to combat cyber threats. US Expands Sanctions on Evil Corp Amid Global Ransomware Crackdown The U.S. Department of the Treasury announced on Tuesday that it has sanctioned members of the Russian cybercriminal group Evil Corp in a coordinated effort with the UK and Australia. This move targeted seven individuals and two entities associated with the group, continuing a series…
As BTC block reward mining profits dry up, miners are pivoting to artificial intelligence (AI) to ride the wave back to profitability. The latest is Hut 8 (NASDAQ: HUT), one of the largest United States miners, now offering AI clients GPU-as-a-Service. Hut 8 recently announced the launch of the service, revealing that the inaugural GPU cluster is now online and generating revenue. Hosted in Chicago and operated by Hut 8 subsidiary Highrise AI, the cluster comprises 1,000 Nvidia (NASDAQ: NVDA) H100 GPUs powering multiple Hewlett Packard Enterprise Cray supercomputers. “Consistent with our commitment to disciplined capital allocation, we believe a…