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Per the Metcalfe law (ML), the value of the network is directly linked and proportional to the square of the number of users it has. Ether enables users to transact on the Ethereum blockchain, earn interest, and participate in network security through staking, store non-fungible tokens and much more. Thus,
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In the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Bitcoin’s (BTC) latest bounce at $25,000, which some analysts and influencers argue represents a short-term buying opportunity. Pechman explains that Bitcoin’s inverse correlation with the U.S. Dollar Index has only held for 40% of the previous
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The Grayscale Bitcoin Trust (GBTC) share price has again made headlines. Its premium or discount to Bitcoin’s net asset value (NAV), often
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Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (BTC), now trades at just 17% below BTC price parity.The latest data from monitoring resource CoinGlass confirms that as of Sep. 9, GBTC shares traded at 17.17% less than BTC/USD.GBTC retraces nearly two years of lossesBitcoin’s largest institutional investment vehicle, GBTC has
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“The market is weighing higher odds that Grayscale will be able to convert its ETHE product into an ETF following the push from traditional finance giants into the space,” Lucas Outumuro, head of research at crypto analytics firm IntoTheBlock, noted in a report. Original Source
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Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC) could erase its BTC price “discount” in 2024.In an X post on Aug. 30, monitoring resource CoinGlass predicted that the so-called “GBTC premium” would soon return.GBTC price: From "elevator to hell" to "stairway to heaven?"Grayscale netting a court victory over United
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Dubai now offers web3 and artificial intelligence (AI) projects a 90% license-fee discount. The city of Dubai in the United Arab Emirates is offering a 90% subsidy on commercial licenses for artificial intelligence (AI) and web3 businesses.
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Cryptocurrency exchange Coinbase will begin buying back up to $150 million of its 2031 senior notes for 64.5 cents on the dollar, a discount of 35.5%.According to the Aug. 7 announcement, the tender offer will last until Sept. 1, with an early premium of three cents on the dollar on
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There are few questions in crypto hotter at the moment than whether or not U.S. regulators will finally allow for the creation of ETFs that hold bitcoin (as opposed to the current landscape where the closest thing regulators have allowed are ETFs that hold bitcoin futures contracts). Traditional finance giant
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The latest price moves in bitcoin (BTC) and crypto markets in context for July 11, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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