Chain News by Thebittimes.Com

The blockchain-based investment note is issued on Avalanche and will automatically distribute profits to holders’ wallets. Neo- investment and technology firm Republic plans to issue a blockchain-based security token that will pay dividends to retail investors from profits across its broad portfolio of investment holdings. The Republic Note is a profit-sharing digital asset that will be launched on the Avalanche blockchain, which accrues profits generated from Republic’s wide-ranging investment portfolio and services. Republic has attracted over three million investors and has deployed over $2.6 billion into various ventures, including the likes of Web3 firms Avalanche, DappRadar and Dapper Labs. Republic has already carried out a presale round for the Republic Note, attracting over $30 million from individual and institutional investors. Dividends from the note are set to be paid out in USD Coin (USDC) to retail investors when the dividend pool reaches a threshold of $2 million. ...

The commission gave itself an additional 60 days to consider the listing of ARK 21Shares’ investment vehicle on the Cboe BZX Exchange, with a final deadline set for Jan. 10. The United States Securities and Exchange Commission (SEC) is taking the maximum time allowed for the regulator to reach a decision on a spot Bitcoin (BTC) exchange-traded fund, or ETF, offering from ARK 21Shares.  In a Sept. 26 notice, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule change that would allow ARK 21Shares’ spot BTC ETF on the Cboe BZX Exchange. The commission’s previous delay on Aug. 11 gave the regulator until Nov. 11 to decide whether to approve, disapprove, or again defer on a decision. It’s unclear why the SEC chose to designate a longer period to determine the fate of the spot Bitcoin ETF 45 days ahead of the deadline . The regulator has usually waited until a few days before any deadline to file a delay. With the additional 60 days to con...

The number one attribute to succeed in the crypto industry is a “start-up mentality” and the ability to “roll with the punches," a crypto recruiter tells Cointelegraph. The ongoing crypto winter has seen budgets and jobs slashed, but the search for top-tier talent hasn’t stopped across several Web3 verticals, according to some crypto recruitment firms. Speaking to Cointelegraph, Kevin Gibson, founder of crypto recruiting firm Proof of Search said that the majority of staff cuts in the crypto market have been from centralized exchanges , most notably the 18% staff cut at Coinbase in June, 10% cuts at Gemini in July, and the 5% cut at Crypto.com. Despite this, he said there is “still a great deal of demand” for crypto job seekers to get work with “Game-Fi, Metaverse, De-Fi and NFT-oriented companies.” Gibson explained that crypto job boards continue to be dominated by developer and engineer roles, adding there is also “a shortage of experienced CTO, CMO, and token experts.” Unfort...

The lawsuit alleged that these VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain. A total of 18 leading venture capital investment firms including the likes of Temasek, Sequoia Capital, Sino Global and Softbank have been named as defendants in a class action lawsuit filed in Miami for their links to now-bankrupt crypto exchange FTX. The lawsuit filed on Aug.7 alleged that these investment firms were responsible for 'aiding and abetting' FTX fraud . The suit claimed that the defendants in the case used their “power, influence and deep pockets to launch FTX’s house of cards to its multibillion-dollar scale”. Snippet of Cabo vs. Temasek Holdings lawsuit. Source: courtlistener.com The lawsuit noted that the FTX cryptocurrency exchange violated several securities laws and stole customers' funds while the defendant VC firms especially the likes of Temasek offered an illusive picture o...

Index funds and ETFs offer attractive options for passive income investing, providing investors with diversified exposure to various crypto assets. The key to gaining financial security and independence is to invest in passive income . Passive income is generated through investments that offer a consistent source of income with little continuing involvement, in contrast to active income , which necessitates constant effort and time. Passive income is especially valuable because it enables investors to amass wealth and live independently. Passive income investing, explained Investing in index funds and exchange-traded funds (ETFs) is a popular passive income strategy in the traditional financial market. Index funds are passively managed mutual funds that seek to match the performance of a chosen market index, such as the S&P 500. ETFs, on the other hand, are similar to index funds but trade on stock exchanges, like individual stocks. ETFs and index funds have a number of benefi...

On-chain analytics platform Spot on Chain reported that Wintermute sold the tokens at $1.63 per OP. Decentralized finance (DeFi) platform Wintermute has transferred its Optimism (OP) tokens to a Binance exchange wallet ahead of the upcoming unlock that’s scheduled to release $587 million worth of tokens into the market.  On May 31, 386 million OP token s will be unlock ed for early contributors and investors. The amount of token s that will be released into the market accounts for 9% of the total supply. The token s are worth around $587 million and are expected to increase the circulating supply by over 100%. Seemingly preparing for the token unlock , Wintermute’s wallet has transferred 2.651 million OP — worth $4.31 million — to Binance in the past two days. According to the on-chain analytics platform Spot on Chain, the DeFi platform and crypto market maker has already sold the token s for $1.63 per OP. Over the past 42 hours, @wintermute_t has moved 2.651M $OP to #Binance at $1....

Discover the influential women entrepreneurs shaping the future of Web3, cryptocurrency, blockchain, metaverse and NFTs. Web3, the next generation of the internet, is an exciting new space creating opportunities for entrepreneurs across various industries. While the field is still somewhat male-dominated, several influential women entrepreneurs are significantly impacting the Web3 space. Here are fifteen influential women entrepreneurs in Web3 to celebrate this International Women’s Day — along with their contributions and achievements. Nicole Muniz Nicole Muniz is an entrepreneur and CEO of Yuga Labs, the creator of the popular Bored Ape Yacht Club nonfungible token (NFT) collection. She has a background in advertising and marketing, having worked as a producer at J. Walter Thompson and managed accounts at B-Reel, including Google. Muniz is known for her creative marketing and brand strategy expertise, which has helped Yuga Labs grow and become a leading player in the NFT space. Her ...

According to a report by Nansen, approximately $94.2 million has flowed out of the exchange within the past week. Cryptocurrency Exchange Huobi has seen over $94.2 million dollars in net outflow s within the past week. Within the past 24 hours alone, approximately 60 million dollars flowed out of the exchange, according to a report by crypto analytics company Nansen. In the past 24 hours, Huobi has seen a significant increase in net outflows $60.9M* of the $94.2M* net outflow in the past week occurred in the past day alone *Contains Ethereum, Avalanche, BNB Chain, Fantom, & Polygon flows pic.twitter.com/JV1Tg13QMY — Nansen (@nansen_ai) January 6, 2023 Nansen also reported that a significant portion of withdrawals was mainly in Tether (USDT), USD Coin (USDC), and Ether (ETH), from wallets with high balances.  The significant increase in outflow s from the exchange was allegedly triggered by rumors circulating on Twitter about Huobi laying off staff and shutting down internal ...

U.S. Republican Representative Patrick McHenry called for clarification on a “poorly” written digital asset tax provision in a letter to the Treasury. The incoming United States House Financial Services Committee chair Patrick McHenry wants the Treasury to delay the implementation of a section of the Infrastructure Investment and Jobs Act that deals with digital assets and tax collection. McHenry sent a letter on Dec. 14 to U.S. Treasury Secretary Janet Yellen with questions and concerns about the scope of Section 80603 of the Act. In the letter he requested clarification over the “poorly drafted” and potentially privacy-compromising Section that deals with the taxation of digital assets, scheduled to go into effect in 2023. He said the section requires the government to treat digital assets as the equivalent of cash for tax purposes which could “jeopardize” the privacy of Americans and have a negative impact on innovation. The section, called "Information Reporting for Brokers a...

According to CEO Changpeng “CZ” Zhao, Binance has seen outflows of an estimated $1.14B from its exchange Within the past 24 hours, the Binance Cryptocurrency Exchange has seen outflows of over $1.14B due to rising fear, uncertainty and doubt (FUD) within the crypto ecosystem.  According to Binance CEO Changpeng “CZ” Zhao, the exchange has seen this before and believes “it is a good idea to ‘stress test withdrawals’ on each CEX [Centralized Exchanges] on a rotating basis”.  We saw some withdrawals today (net $1.14b ish). We have seen this before. Some days we have net withdrawals; some days we have net deposits. Business as usual for us. I actually think it is a good idea to “stress test withdrawals” on each CEX on a rotating basis. 1/2 https://t.co/uF9lLPDSyS — CZ Binance (@cz_binance) December 13, 2022 The bank run on Binance comes a month after, the Binance CEO triggered a bank run on FTX, which led to the its liquidity issues, and eventual collapse. Despite the FUDrampant withi...

25 of Markets Pro’s 45 strategies are beating buy-and-hold strategies, one of which has returned over 21,000% since 2021. Since Cointelegraph Markets Pro launched — bringing professional crypto market intelligence to every investor — the platform has helped thousands of subscribers to better understand the opportunities and threats inherent in the world of crypto investing and trading. In this brief, we want to draw attention to some highlights since the platform’s launch, including a critical look at a variety of backtested strategies that the Markets Pro team tracks. Cointelegraph Markets Pro consists of two unique research Features — VORTECS Score and NewsQuakes — in addition to a wide variety of market performance metrics and access to a vibrant community of crypto enthusiasts on Discord. VORTECS Score The VORTECS Score is derived from an algorithm that examines multiple variables, including sentiment, tweet volume, price volatility and Trading volume, and it compares those with...

Bitcoin price is down, trading below $17,000 and raising investors’ worries that the bottom is still not in. Bitcoin (BTC) price has seen a gradual decline in its bullish momentum to hit a new monthly low at $16,736 on Dec. 3.  The move follows a market-wide decline that has already set BTC capitulation records in the aftermath of the FTX-induced contagion. Stocks started the day slightly up after losing nearly 1,000 points since the start of the week. To date, Bitcoin price remains closely correlated to equities and stock market investors have concerns about the policy discussions that will occur at the next Federal Open Market Committee (FOMC) meeting on Dec. 13. BTC correlation to equities. Arcane Research While some analysts believe Bitcoin’s bottom is near, others believe more downside is on the way due to BTC’s close correlation to DXY and equities. Let’s investigate the main reasons why the Bitcoin price is down today . On-chain data cites historic “peak realized losses” Bitco...

Young crypto entrepreneurs went from spending big bucks on champagne showers to being visibly absent from the nightclub scene. The fallout from the collapse of FTX spans beyond the Web3 and crypto ecosystem. Reports gathered by the Financial Times suggest that nightclubs in Miami have been negatively affected by the collapse of the once-reputable cryptocurrency exchange. According to nightclub owners, young, nerdy crypto bros went from lavishly spending on champagne showers and buying $50,000 tables at clubs to completely vanishing from the nightlife scene. Andrea Vimercati, director of food and beverage at the Moxy Hotel group, told the Financial Times: “They were ordering 12 or 24 bottles of the most expensive champagne and just showering themselves without even drinking.” According to the nightclub staff, the young, nouveau riche entrepreneurs walked around the clubs pulling out their digital wallets and bragging about the amount of money they were making. However, the unexpected...

Crypto database shows that most firms are venture capital at 52.8%, followed by hedge funds with 44.3% and then private equity and mutual funds at 2.9%. Despite Venture Capital funding halving in October, there seem to be funds that still remain bullish on this space investing in emerging markets, Web3 and infrastructure. But, most people do not know who these mysterious funds are or what they are made of, or if there is a project starting up, how to get in touch with these funds. That is why Cointelegraph Research created a Crypto Funds Database, which keeps track of a list of nearly 900 different crypto funds from around the world. This database is designed for those looking to keep up with contacts from the movers and shakers within the crypto industry. From general information like founding dates, contact information (with backup contacts as well), size of firms, assets under management (AUM) size and much more, this database provides a great overview with actionable data. The Cr...