SEC faces pushback from states over crypto regulations in Kraken case
Several US state attorneys general and pro-crypto factions have lodged amicus briefs opposing the Securities and Exchange Commission’s (SEC) case against Kraken. Montana, others brief against SEC On Feb. 29, a coalition of state attorneys general from Montana, Arkansas, Iowa, Mississippi, Nebraska, Ohio, South Dakota, and Texas jointly submitted a brief that does not support […]
Coinbase sees massive $1 billion Bitcoin withdrawal
Quick Take Recent developments in the digital asset market have seen massive withdrawals from Coinbase. The event, occurring on Mar. 1 during Asia trading hours, involved a transaction of approximately 16,000 BTC, or roughly $1 billion. Confirmations from multiple platforms, including Santiment, Arkham, and Coinglass, have validated this information. Exchange Balance: (Source: Coinglass) According to […]
Record high realized cap shows unprecedented economic investment in Bitcoin
Bitcoin’s realized cap is a nuanced and innovative metric for assessing the valuation of Bitcoin that differs significantly from traditional market capitalization. Unlike the market cap, which simply multiplies the current market price of Bitcoin by the total number of coins in circulation, the realized cap offers a more granular and economically meaningful insight into […]
Grayscale lobbying for regulatory approval of options for spot Bitcoin ETFs
Grayscale is lobbying for the US SEC to approve options on its spot Bitcoin exchange-traded fund (ETF), Reuters reported on Feb. 29. Grayscale CEO Michael Sonnenshein said: “It is vital to the interests of GBTC and all spot Bitcoin [exchange-traded product] investors to access exchange-listed options on GBTC and other spot Bitcoin ETPs.” The SEC […]
Outdated life insurance settlement model gets a Core blockchain makeover
Core Blockchain development company ARAX and bond issuer Longevity Capital Company (LCC) have partnered to introduce a blockchain-based solution for the life insurance settlement investment sector. Aiming to redefine the life settlement bond market, ARAX and LCC have unveiled a collaboration that has led to the creation of a tokenized fractional life settlement bond platform, […]
Gemini strikes deal to return all assets ‘in kind’ to Earn users instead of historic dollar equivalent
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t […]
Apple teases generative AI plans, hints at user devices playing a role
Apple hinted at upcoming plans involving generative artificial intelligence (AI) during its latest shareholder meeting, according to a report from CNBC on Feb. 28. Cook said during the call: “Later this year, I look forward to sharing with you the ways we will break new ground in generative AI, another technology we believe can redefine […]