Bitwise Bitcoin ETF to absorb $120M Osprey Bitcoin Trust

"The probability as more and more people keep using Bitcoin, it’s going to keep moving up," said Marc Lasry. 832 Total views 1 Total shares Marc Lasry, co-founder and CEO of Avenue Capital Group, believes that despite recent volatility in the crypto market, it likely isn’t going away.In a Tuesday interview with CNBC’s Squawk Box,…

Ethereum venture production studio ConsenSys has selected seven new Ethereum-based projects to support with $175,000 of funding.ConsenSys recognizes “more unique ideas”Speaking to crypto industry media outlet CoinDesk on Oct. 10, the company’s head of experiential marketing Yadira Blocker confirmed the latest round of startups to receive cash.ConsenSys has been funding what it considers promising projects…

OpenAI reportedly weighed up a chip making firm as an acquisition target so it could produce its own AI chips. 158 Total views 3 Total shares OpenAI, the company behind artificial intelligence chatbot ChatGPT, is reportedly exploring the possibility of manufacturing processing chips in-house amid a global shortage of the expensive and difficult to produce

Ripple’s Xpring will launch a community web page and forum referred to as “developer relations,” or DevRel, for its developer platform. Most of Xpring’s employees work on the engineering and product side of the table, explained a Feb. 1 blog post on the Xpring website. “We think of DevRel as the ears and mouth of Xpring,”…

The legal draft places a minimum capital requirement for crypto businesses operating in Turkey. 1057 Total views 7 Total shares The Turkish Ministry of Treasury and Finance announced that a draft bill to establish a legal framework for crypto assets in the country is ready. Deputy Minister Şakir Ercan Gül announced that the crypto bill would…

Wednesday, May 15 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) has fallen below the $8,000 mark again.Market visualization courtesy of Coin360Bitcoin is nearly a percent down on the day, trading at $7,975 at press time, according to CoinMarketCap. Looking at its weekly…

Cryptocurrency derivatives exchange FTX has created a new, specialized futures contract for traders to bet on President Donal Trump’s reelection in 2020.Dubbed TRUMP-2020 (TRUMP), FTX announced on Feb. 5 that the contract expires to $1 if Donald Trump wins the 2020 US presidential general election, and $0 if otherwise.The launch of TRUMP coincides with a…

Gemini may soon become the latest United States-based crypto exchange to pursue a public listing. 4376 Total views 11 Total shares Renewed interest in the cryptocurrency market in recent months is seeing more United States-based cryptocurrency businesses consider going public. According to Bloomberg, Gemini co-founders Tyler and Cameron Winklevoss are mulling a public listing for…

Hong Kong-based money transfer platform Bitspark has launched what is reportedly the first stablecoin pegged to the Hong Kong dollar (HKD), local tech and finance news outlet Fintech Hong Kong reports Jan. 29.Bitspark, which has positioned itself as a platform where stablecoins form the medium of value transfer, launched the Sparkdex.HKD stablecoin as a feature…