In a job posting for a senior engineer, the social media giant said that a “rapidly growing team” was looking to build “the largest creator economy on the internet.” Oct 22, 2021 at 7:58 p.m. UTC Updated Oct 23, 2021 at 12:16 a.m. UTC Reddit (Shutterstock)
We think it’s fitting that this, the 50th episode of “Money Reimagined,” is being published inside a historic week for the crypto community, when the launch of a futures-focused bitcoin exchange-traded fund helped drive the leading cryptocurrency to a new all-time high just shy of $67,000. This episode is sponsored by Quantstamp. It’s also fitting […]
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The crypto regulatory situation in the U.S. is sad. Not because the Securities and Exchange Commission or Department of the Treasury keep proposing new, unpopular rules but because there is a lack of depth and insights into most of the positions and intended actions coming out of U.S. regulatory agencies. What we have today is […]
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The Securities and Exchange Commission (SEC) greenlighting a futures-based exchange-traded fund for bitcoin has been a boon to holders of the cryptocurrency this week, with bitcoin hitting all-time highs just shy of $67,000 on news of the ETF’s clearance. But let’s be clear: It’s a horrible deal for investors in the fund itself. Due to […]
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Today’s “Gensler for a Day” is Michale Shaulov, CEO of decentralized finance (DeFi) infrastructure and custody firm Fireblocks. Fireblocks occupies an extremely interesting position in the DeFi ecosystem: Late last month, it was proposed as the first “whitelister” for Aave Arc, a version of the Aave DeFi protocol aimed at serving institutions. That means higher […]
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Valkyrie Investments’ bitcoin futures exchange-traded fund (ETF) started trading early Friday, after winning the blessing of the U.S. Securities and Exchange Commission earlier in the week. The new Valkyrie fund, officially the called the Bitcoin Strategy ETF, went live on the Nasdaq under the ticker BTF when stock markets opened Friday at 9:30 a.m. ET, […]
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Cryptocurrency traders are inadvertently pumping the price of a little-known altcoin they believe belongs to a project conceived by Sam Altman, former president of tech startup accelerator Y Combinator. Altman, co-founder and CEO of artificial intelligence firm OpenAI, unveiled his “Worldcoin” (WC) project earlier on Thursday, promising fair distribution among as “many people as possible.” […]
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A high court in Pakistan has approved a committee to explore whether cryptocurrencies are advisable under the country’s legal system, according to a report Friday by The News International. The High Court of Sindh, the peak judicial body in the southeastern province of Sindh, granted permission for the committee to consider crypto trading and report […]
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This week’s launch of the ProShares Bitcoin Strategy Exchange-Traded Fund (BITO) may have aided the cryptocurrency’s recent price surge to an all-time high, though the perception of bitcoin as an inflation hedge over gold is probably a bigger factor, a JPMorgan strategist wrote Thursday.
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