Author: Ethan Carter

Cryptocurrency exchange Coinbase has submitted an application for a National Trust Company Charter with the Office of the Comptroller of the Currency (OCC), aligning itself with a rising number of US-based cryptocurrency firms seeking the same license.“Coinbase is making a pivotal move to enhance our business capabilities and regulatory oversight beyond the current framework, facilitating innovation and growth in the development of a modern financial system driven by digital assets,” Coinbase stated in a press release on Friday.Coinbase aims for the license to “bridge the gap” with TradFiAs per Coinbase, seeking this license is part of its strategy “to bridge…

This morning, BSC topped the trending meme coin list, completely pushing Solana aside. While SOL remains a key player in this market sector, BNB’s blockchain might be the strongest candidate for a potential takeover.Other blockchains, such as Base and XRP, had their moments of potential long-term success, but those opportunities have faded. Currently, BSC boasts the most robust infrastructure and community to dominate this space.Sponsored SponsoredCan BSC Usurp Solana?Solana has traditionally led the blockchain scene for meme coins, but a new competitor appears to be challenging its status. Recently, BNB Smart Chain (BSC) has surged in this sector, with one…

CleanSpark’s Bitcoin treasury has surged to 13,011 BTC, alongside its mining operations achieving an unprecedented 50 EH/s. This dual accomplishment highlights CleanSpark’s simultaneous advancements in asset accumulation and computational capability. Summary CleanSpark’s Bitcoin treasury expanded to 13,011 BTC while reaching 50 EH/s. Output in September was 629 BTC, averaging 21 BTC daily. Leadership shakeup included a new CEO, CFO, and other C-suite appointments. As per a press release dated October 3, CleanSpark announced that its Bitcoin (BTC) treasury reached 13,011 BTC at the end of September, coinciding with a record operational hashrate of 50 exahashes per second. The company’s mining…

Highlights:Strong inflows into Bitcoin spot ETFs indicate that bullish market sentiment is reinstating, suggesting a potential rally toward a new all-time high.BNB is spearheading the recovery among altcoins, with several poised to breach their resistance levels.On Friday, Bitcoin (BTC) approached $123,900, continuing its ascent toward the all-time high of $124,474. The rise is fueled by robust demand from bulls, with U.S. spot BTC ETFs showing $2.25 billion in inflows since Monday, as reported by Farside Investors.Analysts predict a surge in BTC, with Capriole Investments’ founder Charles Edwards telling Cointelegraph that BTC might reach $150,000 before year-end as investors look for…

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The Ethereum Foundation (EF) has revealed plans to convert 1,000 Ether (ETH) into stablecoins to fund research, grants, and donations, aligning with its broader treasury strategy and involvement in decentralized finance (DeFi) funding initiatives.This sale, valued at approximately $4.5 million at current prices, was conducted via CoW Swap, a decentralized trading protocol that aggregates liquidity from multiple exchanges to offer competitive prices without relying on a centralized intermediary.Details regarding the specific stablecoins received in exchange for the ETH were not disclosed in the foundation’s announcement or its treasury policy.Source: Ethereum FoundationThis recent conversion follows EF’s earlier announcement in September regarding…

Ripple cryptographer J. Ayo Akinyele is advocating for the XRP Ledger (XRPL) to become the preferred choice for institutions looking for innovation and trust, prioritizing privacy-first tools.Akinyele, who serves as a senior director of engineering at Ripple, outlines his vision in a blog post released on Thursday, stating that finance relies on confidentiality, while public blockchains are designed for transparency.He proposes that programmable privacy is the solution, allowing “honest participants to control what is disclosed, to whom, and under which circumstances,” all while meeting regulatory requirements.Privacy as infrastructure, not secrecyAkinyele argues that on-chain privacy should be a fundamental protection, much…

A US judge has dismissed a lawsuit from investors against Web3 company Yuga Labs, concluding that the case did not prove that non-fungible tokens (NFTs) qualify as securities under the law.Judge Fernando M. Olguin ruled that the plaintiffs did not demonstrate how Bored Ape Yacht Club (BAYC), ApeCoin (APE), or other NFTs sold by Yuga fulfilled the three criteria of the Howey test, which the Securities and Exchange Commission (SEC) uses to assess whether a transaction qualifies as an investment contract. The lawsuit was initiated in 2022.Olguin highlighted that Yuga Labs promoted its NFTs as digital collectibles with exclusive membership…

Key insights: Bitcoin surged 14% over the week, targeting $124,000 amid a potential US government shutdown.Onchain metrics revealed a $1.6 billion buying boom and a Coinbase premium gap of $92, indicating heightened US demand.Experts anticipate resistance around $130,000, with possibilities for price discovery in the upcoming week.Bitcoin (BTC) has experienced a strong rally this past week, increasing 14% to just below $124,000 from a low near $108,600 last Friday. This upward movement could propel Bitcoin into fresh price-discovery ranges above $125,500, coinciding with the total cryptocurrency market cap surpassing $4.21 trillion, emphasizing the robustness of this rally.Bitcoin one-day chart. Source: Cointelegraph/TradingViewA…

Sure! Here’s the rewritten content while keeping the HTML tags intact: Main highlights: Bitcoin surged 14% in just one week, setting sights on $124,000 amid a potential US government shutdown.Onchain metrics revealed a $1.6 billion increase in purchasing activity and a $92 Coinbase premium gap, indicating strong demand from US investors.Analysts forecast resistance around $130,000, suggesting potential price discovery in the upcoming week.Bitcoin (BTC) has experienced a significant upward movement over the past week, rising 14% to nearly reach $124,000 from a low of around $108,600 last Friday. This upward trend may lead Bitcoin into new price-discovery territory above $125,500, as…