Chainstep, peaq, Datarella, 51nodes, Ocean Protocol, Fetch.ai, and deltaDAO collaborate with top industry names including Bosch, Continental, and Airbus as part of Gaia-X moveID project in joint push towards a decentralized digital backbone powering the future of mobility BERLIN, Sept. 14, 2022 /PRNewswire/ — An array of leading Web3 projects join forces within the Gaia-X moveID consortium with an overall size of more than €20 million. As part of the collaboration, Chainstep, peaq, Datarella, 51nodes, Ocean Protocol, Fetch.ai, and deltaDAO will work to develop the framework for a decentralized digital…
Day: September 14, 2022
Here’s How Equity Investors Can Play Ethereum’s Merge
Nevertheless, there are some potential plays in equity markets, crypto exchange Coinbase (COIN) among them, according to Wall Street analysts. “At current ETH price/staked ETH we estimate COIN could generate $250MM revenue and $60MM contribution profit annualized,” said investment bank Cowen’s analysts led by Stephen Glagola in a Sept. 12 research note. However, he noted that the potential impact of the Office of Foreign Assets Control (OFAC) censoring transactions related to sanctioned addresses as a key risk factor on the exchange’s staking business. Coinbase CEO Brian Armstrong said on Aug. 18, that…
‘Market will decide’ on post-Merge Ethereum ETPs, says crypto executive
The Ethereum Merge is set to be one of the biggest events in the cryptocurrency industry, potentially affecting many related firms and services, and Ethereum-based exchange-traded products (ETPs) are no exception. ETC Group, a major European crypto ETP issuer, has decided to expand its current Ethereum ETP offering by launching one more Ethereum investment product. The new ETP is based on ETHW, a new token that is set to run on proof-of-work (PoW) Ethereum following the hard fork. The new ZETW ETP will launch in addition to the currently offered…