ARK Invest, one of the companies that filed an application for a spot Bitcoin exchange-traded fund (ETF), is again taking profits on its Coinbase shares as the stock price surges. On Nov. 27, ARK sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF, according to a trade notification seen by Cointelegraph. Coinbase stock reached $119.7 per share at the time […]

Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin advocates and the former president of ERCOT, the operator of Texas’ electrical grid.  The Nov. 22 paper titled “Leveraging Bitcoin Miners as Flexible Load Resources for Power System Stability and Efficiency” argued that Bitcoin mining’s inherent interruptibility and […]

Super-advanced artificial intelligence, left unchecked, has a “serious chance” of surpassing humans to become the next “apex species” of the planet, according Ethereum co-founder Vitalik Buterin. But that will boil down to how humans potentially intervene with AI developments, he said. In a Nov. 27 blog post, Buterin, seen by some as a thought leader in the cryptocurrency space, argued AI […]

Bitcoin (BTC) exchange-traded products (ETPs) registered $312 million in inflows for the week of Nov. 24, bringing year-to-date inflows to around $1.5 billion, according to CoinShares. The weekly inflows for all cryptocurrencies totaled $346 million, continuing a nine-week trend of positive net flows. Crypto ETPs experience inflows when their shares trade above the prices of their underlying assets, whereas they experience […]

Richard Teng, Binance’s former global head of regional markets and now CEO, announced his intention to drive growth at the crypto exchange following Changpeng “CZ” Zhao stepping down. In a Nov. 27 blog post, Teng said he had the support of CZ and Binance’s leadership following the former CEO’s departure as part of an agreement with United States officials. According […]

A one-year grace period for cryptocurrency exchanges operating in Hong Kong will remain in place despite recent scandals. According to local news reports on Nov. 27, Julia Leung, CEO of Hong Kong’s Securities and Futures Commission, stated, “Even if the grace period ends tomorrow, fraud will still occur, so there is no intention to modify the grace period and other […]

Amid the ongoing controversy around cryptocurrency media Bankless and the associated decentralized autonomous organization (DAO), BanklessDAO, the founders of Bankless have suggested separating the brand from the DAO. Bankless co-founders David Hoffman and Ryan Sean Adams plan to submit a governance proposal to BanklessDAO to separate the two entities. The co-founders took to X (formerly Twitter) on Nov. 26 to […]

Renowned crypto influencer and Wealth Master founder, Lark Davis, foresees a bright future for Ethereum in 2024. In his tweet, he highlighted key factors that will soar its price to near about $$3,582.  Key Catalysts for Ethereum’s Price Surge Lark Davis, a well-known figure in the crypto space, has expressed a positive outlook for Ethereum in the coming year. His […]

The United States, United Kingdom, Australia, and 15 other countries have released global guidelines to help protect AI models from being tampered with, urging companies to make their models “secure by design.” On Nov. 26, the 18 countries released a 20-page document outlining how AI firms should handle their cybersecurity when developing or using AI models, as they claimed “security […]