BlackRock appears set to propose a spot ether ETF

BlackRock could jump into the race for a spot ether ETF soon after the asset management giant proposed a bitcoin fund in June, a Thursday disclosure suggests.  

A filing for an iShares Ethereum Trust appeared on the website for Delaware’s department of state Thursday. 

The filing could signal the finance giant, which manages about $9 trillion in assets, plans to propose such an offering to the US Securities and Exchange Commission. It appears no formal proposal has been made to the regulator. 

A BlackRock spokesperson declined to comment. 

BlackRock filed with the SEC to launch a spot bitcoin ETF on June 15. A disclosure for that planned iShares Bitcoin Trust, however, had…

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Proof of Stake Alliance updates recommendations for staking providers

The Proof of Stake Alliance (POSA), a non-profit organization that represents firms in the crypto staking industry, published an updated version of its “staking principles” on Nov. 9. The new principles are supported by Ava Labs, Alluvial, Coinbase, Lido Protocol, Paradigm, and ten other staking industry firms.

Previous version of the POSA staking principles. Source: POSA.

POSA represents 15 different firms in the staking industry, including Alluvial, Ava Labs, Blockdaemon, Coinbase, Credibly Neutral, Figment, Infstones, Kiln, Lido Protocol, Luganodes, Methodic, Obol, Polychain, Paradigm, and Staking Rewards.

The staking principles were first published in 2020. According to the blog…

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Cryptocurrency Avalanche Rises More Than 8% In 24 hours

Over the past 24 hours, Avalanche’s AVAX/USD price has risen 8.52% to $13.86. This continues its positive trend over the past week where it has experienced a 20.0% gain, moving from $11.58 to its current price. As it stands right now, the coin’s all-time high is $144.96.

The chart below compares the price movement and volatility for Avalanche over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has tumbled 25.0% over the…

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Top 10 Trending Crypto Coins of The Day

  1. GAMEE: Market Cap of $13 Million.
  2. inSure DeFi: Market Cap of $134 Million.
  3. Polygon: Market Cap of $7.7 Billion.
  4. Arbitrum: Market Cap of $1.4 Billion.
  5. Toncoin: Market Cap of $5.4 Billion.
  6. RabbitX: Market Cap of $13 Million.
  7. Botto: Market Cap of $15 Million.
  8. Dione: Market Cap of $36 Million.
  9. Ordinals: Market Cap of $366 Million.
  10. Bitrock: Market Cap of $13 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Bitcoin Price Surges to 18-Month High Above $37,000

Spurred on by enthusiasm for a forthcoming spot ETF, Bitcoin has catapulted to an 18-month high, surpassing the $37,000 mark Thursday.

The cryptocurrency’s resurgence comes after a period of relative disinterest from mainstream market participants. With most eyes on the trial of disgraced FTX CEO Sam Bankman-Fried, the news was apocalyptic, with major news sources decrying the death of not just Bitcoin but cryptocurrency. 

Still, the surge in Bitcoin’s price can be attributed to a combination of factors, including renewed institutional interest, growing adoption, and a favorable macroeconomic climate. 

Institutional investors, often considered a significant driving force behind Bitcoin’s…

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Can crypto Privacy Pools help balance privacy and regulation?

Ethereum co-founder Vitalik Buterin recently authored a research paper, the primary focus of which was integrating privacy features into blockchain transactions while ensuring compliance with a range of regulatory requirements.

Experts from various backgrounds collaborated on this research project, including early Tornado Cash contributor Ameen Soleimani, Chainalysis chief scientist Jacob Illum, and researchers from the University of Basel.

The diverse team reflects the interdisciplinary nature of the research, drawing insights from cryptocurrency, blockchain security and academic scholarship.

The paper suggests a protocol known as “Privacy Pools,” which can act as a…

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Polygon wants to hand out $78M to boost on-chain activity

Polygon Labs has reimagined Polygon Village — a new place for grants, mentorship and networking for Polygon ecosystem developers.

More than 110 million Polygon MATIC (~$78 million) will be distributed to projects and builders in the Polygon ecosystem as part of its relaunch, in hopes of spurring more on-chain activity.

Polygon PoS is one of the largest blockchains today, with a total value locked (TVL) of $1 billion, according to information on DeFiLlama. Polygon’s zero-knowledge (zk) solution, Polygon zkEVM, on the other hand, has a TVL of roughly $22 million. 

Projects at any developmental stage and of any type will be able to apply for grants. This includes DeFi projects, app…

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Bitcoin price up 4% in past day, breaking through $37,000

Bitcoin’s price reached $37,000 Thursday, a level not reached since May 2022. 

The price was about $37,100 minutes before 9 am ET — up 4.9% from 24 hours ago, according to CoinGecko. It had reached as high as $37,149, the data shows. 

Ether’s price was at $1,922 at that time, a 1.6% increase in the past day. 

“Looking ahead, the breakthrough above the $37,000 and $2,000 mark will be a significant milestone, and our outlook is optimistic concerning bitcoin’s price action,” Douglas Comin, senior crypto options trader at XBTO, said in a statement. “The momentum appears poised to persist as the cryptocurrency market continues to garner attention from institutional…

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China AI chip market finds expansion paths despite US export restrictions

The Chinese artificial intelligence (AI) chip market has been subject to ongoing export restrictions which imposed by the United States from October 2022, which prohibited the sale of certain U.S. products to China. 

The U.S. initially blocked the export of the highest level of chips produced by companies like Nvidia and AMD. Under the initial October controls the companies were still able to export other models to China, such as Nvidia’s A800 and H800.

One year later on Oct. 17, the U.S. government announced an expansion of controls to “reinforce” the previous ones, which meant that all chip models would be embargoed from the Chinese market.

One of Nvidia’s top gaming chips, the…

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LATEST: Marathon Digital Triumphs with Staggering 670% Revenue Jump in Bitcoin Mining

Marathon Digital Holdings, a leading Bitcoin mining firm, has reported a remarkable 467% increase in Bitcoin production year-on-year in the third quarter of 2023. This surge in production, from 6.7 BTC per day in Q3 2022 to 37.9 BTC per day in Q3 2023, contributed to a staggering 670% year-on-year increase in revenue. Additionally, the company’s hashrate surged by 403% during the same period. Marathon’s CEO attributes this success to new ventures, including a 27-megawatt hydro-powered mining facility in Paraguay. These achievements have bolstered the firm’s financial position in preparation for the 2024 Bitcoin halving event.