Day: January 19, 2022

Central banks generate trust, not big techs or “anonymous ledgers”

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In a speech entitled “Digital currencies and the soul of money,” Agustín Carstens, the general manager of the Bank of International Settlements, criticized private stablecoins and decentralized finance (DeFi), touting central bank-led financial innovation as the best possible path to the future of money. Carstens, who served as governor of the Bank of Mexico between 2010 and 2017, delivered his remarks at the conference on “Data, Digitalization, the New Finance and Central Bank Digital Currencies: The Future of Banking and Money” at the Goethe University in Frankfurt. The economist’s argument…

Meta Leans In to Tracking Your Emotions in the Metaverse

“These patent applications indicate that Meta has not learned its lesson, having been accused previously of storing users’ biometric data without permission,” Emma Taylor, a technology analyst at GlobalData, responded to the report in a statement. “It is likely that the same issues surrounding data privacy from existing social media platforms will be extended, or even exacerbated, in the metaverse.” Source

How Bitcoin Is Controlling The Ebb And Flow Of Crypto

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Latest data shows that so far in the year 2022, the rest of the crypto market has been moving in tandem with Bitcoin. Crypto Indexes Follow Bitcoin In January So Far As per the latest weekly report from Arcane Research, all the various indexes in the crypto market have mimicked BTC’s movements so far in the month of January. The “crypto indexes” here refer to groups of cryptocurrencies separated into these divisions on the basis of market cap. There are three main indexes, the “large cap index,” the “mid cap…

Tom Brady’s NFT Platform Autograph Raises $170M

Autograph, a non-fungible token (NFT) platform co-founded by National Football League star Tom Brady, has closed a $170 million Series B funding round that was co-led by Andreessen Horowitz (a16z) and Kleiner Perkins. Other participants in the round included Nicole Quinn, a general partner at Lightspeed Venture Partners, and the new venture firm from a16z alum Katie Haun. As part of the investment, Haun, a16z general partners Arianna Simpson and Chris Dixon and Kleiner Perkins partner Ilya Fushman will join the Autograph board of directors. Founded in July, Autograph has…

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Here’s how traders capitalize on crypto market crashes and liquidations

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The first week of the new year saw a vicious pullback across all cryptocurrencies in the market. Ether (ETH) price dropped from its November peak at $4,800 peak to under $3,000 on Jan. 8 and Terra’s LUNA governance token also dropped from $85 on Dec. 31 to $67 on Jan. 8, 2022.  These unexpected dramatic moves often cause liquidation cascades in the lending market, but they also create unique buying opportunities in the collateral liquidation markets. Kujira’s Orca protocol is a platform built on the Terra network and it allows…

Polygon to Delegate $189M Worth of MATIC to Bitfinex for Staking

Cryptocurrency exchange Bitfinex said it will receive $189 million worth of Polygon’s MATIC tokens to sponsor enhanced staking rewards for users. According to a blog post, Bitfinex will receive 90 million MATIC for the new staking program. Polygon is a “layer 2” scaling tool for the Ethereum blockchain, designed to speed up and reduce the cost of transactions. At press time, MATIC was trading at around $2.07, down 1.1% over the past 24 hours. The token’s price has slid 13% in the last seven days. Crypto staking is a process…

Ethereum Fees Drop 35% Since Last Week, Average ETH Gas Fee Still Above $30 per Transfer – Altcoins Bitcoin News

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According to statistics, Ethereum network transaction fees have dropped 35% from the transfer fees recorded seven days ago. At the time of writing, the average fee to transact with ethereum is 0.0099 ether or $30.85 to $33.04 per transfer. The cheapest Layer two (L2) method to transfer ether on Wednesday is $0.25 per transaction using Polygon Hermez. It’s Cheaper to Move Ethereum Today, Network Still Has Higher Transfer Fees Than Most Blockchain Networks While data transfer fees on the Ethereum network have slid 35% in the past week, fees are…

Grayscale Bitcoin Trust Discount Hits Record Low at 26.5%

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