Browsing: Bitcoin

The native token of Dogecoin, DOGE, is now fluctuating around the $0.07754 trading value. That represents a rise of 1.91% on the previous day. Interestingly, there has been a 10.73% decline in the last seven days. Ever since it rejected the high of roughly $0.086 for the week, DOGE has not been at its best. But by accumulating the currency, DOGE miners admit they are on a mission to inspire hope among creators. Miners reportedly amassed 400 million DOGE coins between November 20, 2023, and November 22, 2023. That means the miners will have pocketed about $30 million in accumulation…

Sam Bankman-Fried (SBF) has been put in the same prison as Juan Orlando Hernández, the former president of Honduras, who is currently facing charges related to taking payments from drug traffickers. Hernández’s attorney claims that the two get along well and have been in constant contact. SBF can now meet with non-legal guests once a week, and his requests for vegetarian food and medication for hyperactivity have also been fulfilled. His computer use is restricted to a designated area with a partitioned desk, but he is also allowed to peruse legal documents on a special laptop. According to the Wall…

According to JPMorgan analysts, if the Grayscale Bitcoin Trust (GBTC) transforms to an ETF, there might be a minimum $2.7 billion withdrawal from the fund. Investors who appear to have bought shares at a substantial discount in advance of the ETF conversion and intended to arbitrage after the conversion are the cause of the possible outflow. For the first time since July 2021, the GBTC negative premium rate is currently less than 10%. Analysts did point out that the majority of the money is anticipated to go into other Bitcoin-related securities, like recently established spot Bitcoin ETFs that might get…

A benchmark model for tokenization has been published by the technical working group of the asset management taskforce of the UK government, along with a roadmap for implementing fund tokenization. The approach is readily implementable by investment management businesses and may be used within the current legal and regulatory environment. Tokenization of these monies is contingent upon the fulfilment of specific requirements. They must, for instance, have mainstream assets and continue to offer settlements and valuations using the same procedures and deadlines as conventional funds. The research outlines the path forward for tokenization, according to Sarah Pritchard, Director of Markets…

The 1inch team’s address made $510,000 by selling 420,828 UNI tokens at an average price of $6.29 and converted them into 2.64 million USDC. On November 17th, the 1inch team sold UNI tokens at an average price of $5.16, and on November 18th, they repurchased 420,828 UNI at an average price of $5.06.

Jim Cramer, a market analyst, has acknowledged that his initial advice to investors to sell Bitcoin (BTC) was premature and that he was mistaken. Cramer advised anyone who enjoys Bitcoin to increase their exposure to it in response to a caller who wanted to purchase shares in Bitcoin miner CleanSpark during a section of his CNBC Mad Money show on November 22. “Hey, purchase Bitcoin if you like it. That’s what I’ve always believed. And for a while after that, I thought it was good and that money had been made, but I was wrong.” Although he hadn’t always made…

Together, KMPG of Canada and Chainalysis are ready to take on cybercrime head-on, thanks to their combined wealth of knowledge. KPMG will be interacting with the Chainalysis Solution Provider program in accordance with the agreement between the two firms. The KPMG representatives will become licensed investigators for Chainalysis, according to the association. This will enable them to assist their clients—who are dispersed throughout both public and private sector organizations—in spotting illicit activities using cryptocurrency assets. The partner and co-leader of KPMG’s blockchain and cryptocurrency division in Canada, Kunal Bhasin, acknowledges the team’s expertise as consultants in the field of cryptocurrency…

Since blockchain innovation is the lifeblood of advancement, well-established behemoths like Ethereum and Bitcoin are being challenged by Bitcoin Spark. With the potential to completely rewrite the rules of decentralized ecosystems, interest in next-generation blockchains is growing as the cryptocurrency space develops. Bitcoin price The price of bitcoin is rising due to several factors contributing to the groundbreaking cryptocurrency’s rapid rise. The price of Bitcoin is complex and serves as a window into the overall state of cryptocurrencies. A few of the drivers are inflation, macroeconomic variables, emerging altcoins like BTCS, ETF approval, and Bitcoin halving occurrences. Given its ICO…

As the yield curve in the region flattened, longer-dated bonds in Southeast Asia proved to be a profitable investment, and it appears that this trend will continue. Long-end notes may be supported by anticipation of a change in US policy, while shorter maturities are impacted by forecasts of continued high regional interest rates. The spreads for Malaysia and Thailand have also shrunk, while the difference between the two- and 10-year yields in Indonesia is at a multi-year low. After falling for three months, global notes have rebounded as traders have increased their wagers that the Federal Reserve may start lowering…

Leo Ventures, a venture capital business based in Singapore, has established a $10 million venture capital fund with the goal of encouraging the advancement of innovative initiatives. The fund focuses on Web2 businesses that are engaged in deep, financial, artificial intelligence, machine learning, and ESG technologies. It also supports Web3 consumer technology initiatives, L0, L1, infrastructure, payment solutions, and projects pertaining to decentralised finance (DeFi). By giving businesses developing ground-breaking technology and solutions financial backing, the investment seeks to promote innovation and growth in these industries. Leo Ventures seeks to close the gap between established and developing technologies by concentrating…

The two main goals of Circle’s introduction of the Bridged USDC Standard are to decrease fragmentation and increase access to USDC. There are currently 15 blockchains where USDC is operational, and other networks may join the ecosystem in the future. They would try to find a solution for the cold start problem, which would enable Circle to fulfil its current priority list. In other words, there is a distinction between Native USDC and Bridged USDC, with Native USDC being more well-known due to its issuance by Circle, a Fintech that is subject to regulations. Conversely, a third party establishes Bridged…

Kraken has been charged by the US Securities & Exchange Commission (SEC) for providing services for which it was not legally registered. It is said that Kraken Inc. and Kraken Ventures Inc. were discovered acting as clearing agencies, dealers, brokers, and securities exchanges. The Securities Exchange Act of 1934 is broken by this, and there will be repercussions. The Commission’s requests are rather simple: disgorgement of unjustified profits, penalties, conduct-based injunctions, and injunctive relief. According to reports as of February 2023, Kraken has complied with the payment of $30 million in civil penalties. According to the SEC press release, the…

With the successful launch of its permissionless mainnet, Pyth Network will be able to introduce token-led governance for the protocol in the future. Users participating in the ecosystem will now be able to communicate with Pyth Governance by blocking their PYTH tokens via the Pyth staking programme. Voting on proposals for community governance will be available to users. Important protocol concerns related to on-chain governance include the data suppliers’ incentive scheme, the amount and cost of the oracle fees, and the ability to register price feeds on the network. Contributors to Pyth Network envision transferring global financial data to blockchain…

When it comes to active supply, the two most popular cryptocurrencies on the list, Ethereum and Bitcoin, have the lowest amounts. When compared to the statistics they displayed at their peak hours, the comparison is stark. It’s interesting that this development has occurred before the planned April 2024 halving phase. The current supply of Ethereum is 39.15%, while that of Bitcoin is 30.12%. For Bitcoin and Ethereum, the peaks were in March 2017–2018 and July 2016–2017, respectively. At that point, the percentages for both tokens were, in the stated order, 59% and 86%. The volume at which tokens are being…

The forging event for the Dunk Ghost Edition, co-hosted by RTFKT and Nike, is currently underway. To participate, users can go to RTFKT’s official platform. If the collectibles are eligible, they can use the event to exchange their digital collectibles for real copies of their shoes. The physical copies cost somewhat more than $222 and are produced in limited quantities based on demand. The product is being marketed by RTFKT as a gaming-inspired solution. It has replaceable vial attachments as a result. The physical product is made more intriguing by the inclusion of a world-first NFC chip, which grants the…

It is anticipated that Perps V3 will launch on Base in the next few days. The work will be facilitated by the release of Andromeda. Based on the success that V2 has claimed during its stay, V3 enters the market. Multi-collateral, cross-margin, account-based access, liquidation upgrades, and many more features will be included in V3. Through increasing on-chain perps and risk management, V2 paved the way for V3. Dynamic funding rates and pricing effect are two more solutions that have performed similarly. It’s interesting to note that these functions are now common across a number of platforms. V2 has also…

Over 1,200 zero-knowledge (ZK) engineers, community members, and fans attended the most recent zkDay Istanbul event, which included Ethereum co-founder Vitalik Buterin. The success of zkDay Paris was expanded upon by this knowledge-sharing and teamwork-focused event that showcased ZK-focused initiatives at different stages. The event was sponsored by =nil; Foundation, Manta Network, and Polyhedra Network. Manta Network’s COO and co-founder, Kenny Li, expressed enthusiasm about the rising interest in ZK technology beyond national boundaries. Many excellent projects participated in the zkDay Pitch competition, and Li hopes that future partnerships with zkDay Pitch sponsor ETH Global will give more visibility to…

The entire volume of trades on Friend.tech over the weekend surpassed $10 million, which is a record high for the past few weeks. Colin Wu, an industry analyst, speculates that this might be an exit behaviour, though. Due to key redemption, Ethereum is being removed from the blockchain more quickly than it is being created, according to data from Dune Analytics. Over the weekend, more than 5,000 ETH were removed from Friend.tech; this is the highest withdrawal since October 24, when 4,380 ETH were removed in a single day. In addition, over the weekend, the platform’s total value locked (TVL)…

The social media behemoth Meta has dissolved its Responsible AI (RAI) department, which was tasked with overseeing the security of its AI initiatives as they were being developed and implemented. Some members of the RAI team joined the AI Infrastructure team, while many moved to positions in the company’s Generative AI product division. The Generative AI team at Meta was founded in February and is primarily focused on creating solutions that resemble human language and image generation. As Meta approaches the conclusion of its “year of efficiency,” as CEO Mark Zuckerberg referred to it in a February earnings call, the…

During the second test launch of its Starship rocket, SpaceX encountered a communication failure. Elon Musk’s deep-space launch system’s dependability and efficiency have come under scrutiny in light of this tragedy. Within an hour of the SpaceX announcement, the price of Dogecoin fell by 5%. In the middle of the Starship booster’s second major test mission, SpaceX lost communication with the spacecraft. According to the company’s speculation, there was a communication breakdown throughout the trip. As the Starship was leaving over the Gulf of Mexico late in the burn, the automated flight termination system on the second stage went off.…