BlackRock’s spot Bitcoin ETF is now listed on Nasdaq trade clearing firm — Bloomberg analyst

The iShares spot Bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), suggesting potential approval by the United States Securities and Exchange Commission, or SEC.

According to an Oct. 23 X (formerly Twitter) thread, Bloomberg ETF analyst Eric Balchunas said the DTCC listing was “all part of the process” of bringing a crypto ETF to market. The iShares spot Bitcoin (BTC) ETF has a ticker symbol of IBTC for a possible listing on the Nasdaq stock exchange, which applied to list and trade shares of the investment vehicle in June.

“This is [the] first spot ETF listed on DTCC, none of the others on…

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Bitmain Eyes Launch Of Mining Machines For Privacy-Centric Blockchain

China-based Bitcoin mining technology company, Bitmain looks to launch mining machines for a proof-of-work blockchain, Aleo which looks to achieve privacy using zero-knowledge proofs. Without explicitly mentioning the launch timeline, the company disclosed the product as Antminer model, which is currently in the testnet phase.

Find out more on how blockchain mining companies, Meet and engage with other transformative Digital Asset and Crypto business leaders and investors at Benzinga’s exclusive event: Future of Digital Assets. Tickets are flying: Get yours!  

The Aleo project enables users to construct a blockchain network that prioritizes decentralization, scalability, and data…

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New data poisoning tool would punish AI for scraping art without permission

Researchers at the University of Chicago have developed a tool that gives artists the ability to “poison” their digital art in order to stop developers from training artificial intelligence (AI) systems on their work. 

Called “Nightshade,” after the family of plants, some of which are known for their poisonous berries, the tool modifies images in such a way that their inclusion contaminates the datasets used to train AI with incorrect information.

According to a report from MIT’s Technology Review, Nightshade changes the pixels of a digital image in order to trick an AI system into misinterpreting it. As examples, Tech Review mentions convincing the AI that an image of a cat is…

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Lower-middle income countries lead in crypto adoption, but not volume: Chainalysis

India leads the world in crypto adoption, followed by Nigeria and Vietnam, according to a new Chainalysis report. Nonetheless, North America accounts for nearly a quarter of all value received by cryptocurrency exchanges, with the United States leading by far.

To calculate adoption, Chainalysis used web traffic data from 13 billion web visits to track five categories of activity, weighted by purchasing power parity per capita. That is, “if two countries received equal amounts of cryptocurrency at centralized services, the country with lower PPP per capita would rank ahead.” That will help determine where “everyday people are embracing crypto the most.”

Crypto adoption is down…

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Darknet Market Bitcoin Fortune Emerges From Shadows: What Does It Mean?

Approximately 4,800 Bitcoin BTC/USD, valued at $144 million, were transferred from an account linked to the Abraxas darknet market to a coin mixer.

This platform allegedly was scammed in November 2015 and since then, the funds remained untouched.

The movement was significant, with the funds not only being consolidated but also channeled through a Bitcoin mixer.

The intricate world of cryptocurrency transactions and the importance of understanding their underlying technologies will be among the focal points at Benzinga’s Future of Digital Assets conference on Nov. 14. Such events aim to demystify the often complex landscape of digital assets and provide insights into trending topics, like…

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LATEST: BlackRock’s Bitcoin ETF, once approved, to be listed under the ticker $IBTC

BlackRock’s iShares Bitcoin Trust is paving the way, becoming the first spot ETF listed on the DTCC (Depository Trust & Clearing Corporation) with the ticker $IBTC. This listing, unique among its peers, underscores BlackRock’s proactive approach in handling logistical aspects usually seen just before an ETF launch. As they lead the charge on procedures such as seeding and finalizing the ticker, market watchers speculate that BlackRock might be hinting at an imminent or certain approval of their Bitcoin ETF.

Digital yuan used to settle crude oil trade for Chinese oil company: Report

In a first for both PetroChina and the digital yuan, the Chinese oil and gas company reportedly settled a trade with the country’s central bank digital currency (CBDC). 

The news was first reported by China Daily, a paper owned by the Chinese Communist Party.

PetroChina allegedly bought a million barrels of crude at the Shanghai Petroleum and Natural Gas Exchange (SHPGX), with the transaction settled by e-CNY. 

The announcement from Friday, made by the SHPGX, did not disclose either the seller or the deal’s value.

“The Shanghai Municipal Party Committee and Municipal Government issued work requirements…The Shanghai Oil and Gas Trading Center responded to the call and actively…

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Bitcoin at $31K as court formalizes Grayscale win over SEC

The DC Circuit Court of Appeals has formalized Grayscale Investments’ court win over the US Securities and Exchange Commission — sending the onus back to the regulator.

A three-judge panel ruled unanimously in August that the SEC rejecting Grayscale’s proposal to convert its bitcoin trust (GBTC) to an ETF — but allowing bitcoin futures funds to launch — was “arbitrary and capricious.”

The court ordered at the time that the commission’s order denying the GBTC conversion would be “vacated.” The final mandate comes 10 days after the SEC’s 45-day window to appeal the court loss to Grayscale expired. 

“The Grayscale team looks forward to continuing to work…

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New Digital Payment Network Promises To Make Cross-Border Transactions Faster, Cheaper – Deutsche Bank (NYSE:DB)

Standard Chartered Bank’s SCBFF SC Ventures and Deutsche Bank DB have successfully conducted a Universal Digital Payments Network (UDPN) proof-of-concept, facilitating real-time transactions between USD Coin USDC/USD and EURS stablecoins.

In this initiative, SC Ventures utilized the UDPN development tools to initiate digital transfers to Deutsche Bank’s wallets, which were tracked on EtherScan, Financial Express reported.

Similarly, Deutsche Bank reciprocated by transferring funds to SC Ventures.

Their combined effort is the first of 12 proof-of-concepts designed to demonstrate UDPN’s potential in resolving cross-border payment challenges.

This endeavor also provided insights into the…

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US Court issues mandate for Grayscale ruling, paving way for SEC to review spot Bitcoin ETF

The United States Court of Appeal has issued a mandate following a decision requiring Grayscale Investments application for a spot Bitcoin exchange-traded fund to be reviewed by the Securities and Exchange Commission (SEC). 

In an Oct. 23 filing in the U.S. Court of Appeals for the District of Columbia Circuit, the “formal mandate” of the court took effect, paving the way for the SEC to review its decision on Grayscale’s spot Bitcoin (BTC) exchange-traded fund, or ETF. The mandate followed the court’s initial ruling on Aug. 29 and the SEC failing to present an appeal by Oct. 13.

Oct. 23 filing in U.S. Court of Appeals for the District of Columbia Circuit. Source: Courtlistener

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