Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of respondents also foresee traditional financial institutions entering the sector with their own funds, driven in part by…
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The U.S. Securities and Exchange Commission (SEC) has finally gotten back to issuers concerning the final approvals for spot ether exchange-traded funds (ETFs). Preliminary approval has reportedly been granted for at least three of the eight proposals set to launch next Tuesday. Issuers of these spot ether ETFs have been working with the SEC to…
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Meta Platforms, the parent company of Facebook and Instagram, launched its own chatbot based on artificial intelligence (AI) technology. Meta AI provides an alternative to products like Openai’s Chatgpt and is setting out to offer interaction tailored to attend to different interests and solve specific tasks. Zuckerberg Unveils Meta AI Chatbot, AI Personas at Meta…
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Ethereum developers have relaunched the Holesky test network after a previous attempt earlier this month failed. On Thursday, Ethereum devs relaunched Holesky in what appeared to be a successful process in the early hours of the livestream. A developer commented on the initial success recorded so far while another joked that there will not be…
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Mark Zuckerberg’s Horizon Worlds is extending past virtual reality in a bid to bring more users to its 3D virtual world. Meta CEO Mark Zuckerberg has finally made the move to expand his metaverse Horizon Worlds from virtual reality headsets to people’s smartphones and computers. The 3D avatar-based social platform announced in a Sept. 15…
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Ethereum developers plan to roll out a new testnet named Holesky, intending to bring 1.6 billion Holesky testnet ether to the network. The core devs of Ethereum highlighted that 1.4 million validators were evaluated for Holesky, with the aim of enhancing the blockchain’s comprehensive development. Ethereum’s Holesky Set to Replace Goerli Testnet in 2023 As…
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Tech investor Elon Musk said that his social media platform X, formerly Twitter, will never launch its own cryptocurrency token. He made the statement in response to a post by a user of the networking service warning about fake coin projects exploiting Musk’s name and that of the platform. Elon Musk Categorically Rejects Notion of…
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Fumio Kishida described Web3 as a “new form of capitalism” in a keynote address at the WebX conference in Japan. Japanese Prime Minister Fumio Kishida reaffirmed the country’s commitment to fostering the Web3 industry, highlighting its potential to transform the internet and kindle social change. Kishida made the comments in a keynote address on day…
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Europe’s first bitcoin exchange-traded fund (ETF) is set to launch in July after a 12-month delay caused by the crypto winter. The fund has been authorized in Guernsey, a more flexible jurisdiction, which will ostensibly help to avoid some of the regulatory challenges associated with the European Union. Europe to Have Its First Bitcoin ETF…
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Licensed since last year, the world’s largest digital asset exchange, Binance, has now launched a trading platform in Kazakhstan. The move comes amid increased pressure from regulators in other jurisdictions, like the U.S., and after Binance’s decision to pull out of several European markets. Global Leader Binance Sets Up Licensed Exchange in Kazakhstan Amid Euro…
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