Crypto Genius™

Prospects for Spot Bitcoin ETF Approval Brighten, Yet Launch Could Be Postponed

Crypto News and Updates / Logan / November 9, 2023

While a dozen asset managers have applied for a spot Bitcoin ETF with the SEC and the initial approval window is set to open on November 8, analysts forecast that even with approval, the real launch might see a month’s delay due to the ETF’s two-tier launch process. This involves obtaining SEC clearance from the Trading and Markets division and the Corporate Finance division. Despite nine of the twelve Bitcoin ETF applications having presented revised prospectuses, any SEC approval of the 19b-4

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Shibarium’s Dilemma: The Decline in User Interaction and BONE’s Worth

Crypto News and Updates / Logan / November 9, 2023

Shibarium, a much-awaited layer-2 solution for the SHIB community, had a rough beginning on August 28 and appears to be in for a hard journey. Despite its promise of a new efficiency era for SHIB holders, it has instead seen a concerning decrease in user interaction and network activity, similar to its initial operational phase. Data from the Shibarium explorer indicates a considerable fall in user transactions, raising doubts about its long-term viability. Despite the launch of Shiba Inu’s ‘Shi

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RISC Zero Pioneers Cryptography with Open Source Breakthroughs

Crypto News and Updates / Logan / November 9, 2023

RISC Zero, a premier innovator in zero-knowledge computation, has made public the open-sourcing of three pivotal technologies, marking a significant progression in zero-knowledge cryptography. The technologies, specifically High-Speed Recursion, Proof Composition, and a STARK to SNARK Wrapper, are poised to be accessible to millions of developers globally under the Apache2 license.

This action is viewed as a crucial stride towards developing a more secure and private digital environment

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Solana’s Impressive Rise: Is $50 the Next Milestone?

Crypto News and Updates / Logan / November 8, 2023

Despite the turbulent altcoin market, Solana (SOL) has been making noteworthy strides this month. Following a slight dip, SOL’s bullish momentum is driving it towards a $50 target. Its consistent growth in the past two weeks positions it among the top cryptocurrencies today, currently trading at $43.23, a 3% rise in the last 24 hours.

Even under substantial sell pressure, Solana has held steady, with the crypto exchange FTX offloading millions of crypto assets to settle customer debts.

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Progmat Coin and Associates Set to Release Yen and Dollar Stablecoins in 2024

Progmat Coin and Associates Set to Release Yen and Dollar Stablecoins in 2024

Crypto News and Updates / Logan / November 8, 2023

Progmat Coin, along with Mitsubishi UFJ Financial Group (MUFG) and wallet service Ginco, has initiated research into the creation of a yen-focused XJPY stablecoin and a dollar-focused XUSD stablecoin. These planned stablecoins are designed to enhance the effectiveness of transactions between cryptocurrency exchanges. The XUSD is specifically designed for use in international transactions. This step, expected in summer 2024, is a crucial part of the expanding Progmat Coin network in Japan, inclus

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