Transaction URL: https://blockchain.com/btc/tx/3991105e8f41e43185847fcf2f3357349e0a4f604247049d91ebce953569c295
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You know how Empire pulls back the curtain to give you that look inside the crypto industry?
Well, the fun part about Wall Street’s earnings season is that it does the work for us. For the public crypto companies, I mean.
We’re in the thick of it, and last night had a ton of earnings-related news. There are two things I want to focus on this morning.
The overall tone of the earnings call after the results were announced was positive with Coinbase executives including Brian Armstrong updating analysts on how the business is faring this cycle.
Of course, Armstrong spent a chunk of…
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Some things in Bitcoin are just not up for debate.
The plural of bitcoin is also bitcoin— not bitcoins. (One bitcoin, two bitcoin, three bitcoin…) Bits is a better sub-denomination than sats. (100 sats is actually one bit, like a 100 cents is one dollar; being a wholecoiner makes you the Bitcoin-equivalent of a millionaire, as that would mean you have a million bits.) And October 31st is not Bitcoin’s birthday.
Bitcoin’s…
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Canary Capital has taken a significant step toward innovation in the cryptocurrency space by filing for a Solana-based exchange-traded fund (ETF). The filing of the Canary Solana ETF aims to provide investors direct exposure to Solana’s price, bolstering the trust in crypto assets. The move comes without the designation of a custodian and administrator yet, showcasing the firm’s pioneering spirit in the evolving market.
Highlighting the strength of Solana’s decentralized finance (DeFi) ecosystem, Canary Capital noted the cryptocurrency’s high transaction rates, robust user engagement, and low transaction fees. This filing follows Canary Capital’s previous registrations for Litecoin and XRP ETFs, signaling a robust expansion strategy in crypto-based financial products.
As regulatory landscapes shift, the U.S. Securities and Exchange Commission (SEC) has shown openness, having approved several Bitcoin and Ethereum ETFs this year. Canary Capital’s initiative, paralleled by similar actions from VanEck, underscores the growing acceptance and commodification of digital assets like Solana in mainstream finance.
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Ah, Halloween. The one night a year where we’re supposed to be scared of things that go bump in the night. You know, your classic cast of characters: Dracula, Frankenstein’s monster, your weird neighbor who leaves their Christmas lights up all year round. But here’s the thing—none of those guys actually scare us anymore, do they? I mean, a werewolf might give you a mild startle, but you know what’s really terrifying? The sound of a…
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Nishad Singh, former director of engineering at FTX, has been sentenced to time served with three years of supervised release for his role in the exchange’s collapse. He will not serve any prison time.
Singh, who was a government witness in FTX founder Sam Bankman-Fried’s criminal trial last fall, in February 2023 pleaded guilty to six charges, including conspiracy to commit money laundering and conspiracy to commit campaign finance violations.
His lawyers earlier this month asked the court to sentence Singh to no prison time.
“I’m not foolish enough to think there was no self interest involved, obviously,” Judge Lewis Kaplan told Singh of his cooperation. “But…
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Introduction
Introducing the Bitcoin Popularity Index (BPI), the first comprehensive search study of its kind. This index has been curated in an attempt to measure the global reach and impact of Bitcoin through a broad analysis of Google search queries.
Unlike many studies that offer absolute data or blend various aspects of cryptocurrency, the BPI data aims to deliver insights of Bitcoin interest specifically, by considering factors such as language diversity, Google’s browser dominance and population sizes. This approach allows us to gauge not just the raw interest but also the relative intensity of Bitcoin engagement across different nations. We can therefore highlight which countries…
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