DeFI News by Thebittimes.Com

Galaxy Digital CEO Mike Novogratz was among those over the moon with the news, others warn it could be the start of a major institutional takeover. BlackRock’s latest filing for a spot Bitcoin (BTC) trust will drive investors’ confidence in Bitcoin and may even be “the best thing that could happen ” to BTC, according to some crypto industry observers — but others warn of a hidden cost. During an interview on June 16, Galaxy Digital CEO Mike Novogratz said the approval of BlackRock’s ETF application would be “the best thing that could happen to $BTC.” “I say a Hail Mary every night that Larry Fink and @blackrock pull off a @bitcoin ETF," Novogratz said on the Fox News segment, according to a tweet by host Liz Claman. Fun being on @LizClaman show!! And yes, @BlackRock getting a $BTC ETF through would be the best thing that could happen to $BTC. https://t.co/2fFBeB9eyo — Mike Novogratz (@novogratz) June 16, 2023 Meanwhile, cryptocurrency analyst James Edwards of Finder.com —...

Ethereum co-founder Vitalik Buterin says many people in the Ethereum community see the FTX collapse “as a validation of thing s they believed in all along: centralized any thing is by default suspect.” However, he warned that automatically downgrading every single thing former FTX CEO Sam Bankman-Fried believed in “is an error.” Vitalik Buterin on FTX Meltdown Ethereum co-founder Vitalik Buterin shared his thoughts on the failure of cryptocurrency exchange FTX and former CEO Sam Bankman-Fried (SBF) in an interview with Bloomberg, published Sunday. FTX filed for Chapter 11 bankruptcy on Nov. 11. Buterin told the news outlet: What happened at FTX was of course a huge tragedy. That said, many in the Ethereum community also see the situation as a validation of thing s they believed in all along: centralized any thing is by default suspect. The Ethereum co-founder emphasized that blockchain-based and decentralized finance (defi) protocols work “flawlessly...