🦎🚀 For the boomers! 👴

Monday, January 15, 2024

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"So Boring It Is Brilliant"

BlackRock's approach to advertising its spot Bitcoin exchange-traded fund (ETF) with a more traditional and informative campaign may resonate well with the wealthy boomer market, according to commentators.

The investment giant released its first video ad for the iShares Bitcoin Trust ETF (IBIT) on January 11, featuring a BlackRock executive outlining Bitcoin's value proposition and explaining how investors can gain exposure to the new ETF.

In other news, Gamestop shut down its NFT marketplace, XRP's failed token transfers causes concerns among some market watchers, and Genesis reaches a settlement with the New York Department of Financial Services (DFS).

Read on!

Dead Coins: Over 50% of Cryptocurrencies Have Failed

Over 50% of all cryptocurrencies have died. Of the over 24,000 cryptocurrencies listed on CoinGecko since 2014, 14,039 have since died.

Majority of cryptocurrency failures comprise of 2021 projects, with 5,724 dead coins.

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24h Hot Searches Worldwide 🔥

Coq Inu (-7.6%)
Xai (+28.3%)
Celestia (+2.7%)
Open Campus (-1.6%)
Prosper (-15.4%)
Tectum (-5.7%)
Sui (+6.3%)

Many common mistakes during the bull run can cost your portfolio. Learn our top tips on how not to fumble a bull run!

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GameStop Says Goodbye to NFTs

Approximately a year and a half after its NFT marketplace launch, GameStop, a publicly traded video game retailer, is discontinuing its platform.

The marketplace supported gaming NFTs and collectibles across Immutable X and Loopring, both Ethereum scaling networks.

GameStop announced the discontinuation of its NFT wallet about four months ago for similar reasons.

Decrypt

A Huge Scare

A feature of the XRP Ledger network was utilized in an unsuccessful attempt to exploit the prominent crypto exchange Bitfinex, as confirmed by CEO Paolo Ardoino in a post on X on Monday.

An on-chain service, WhaleAlerts, flagged nearly $15 billion worth of XRP to be moved in an apparent transaction early Monday, representing almost half of the token's $31 billion market capitalization.

However, the actual transfer amounted to just a few cents worth of XRP and failed because the sender "did not have enough liquidity," according to blockchain data from the transaction.

CoinDesk

$8M Fine

Genesis Global Trading, a subsidiary of the cryptocurrency conglomerate Digital Currency Group (DCG), has reached a settlement with the New York Department of Financial Services (DFS).

The settlement terms include forfeiting its BitLicense, ceasing operations, and paying an $8 million fine, as reported by Fortune.

The New York regulator cited significant shortcomings in Genesis Global Trading's anti-money laundering and cybersecurity protocols following its investigation into the company.

Decrypt