Chiefly, CoinDesk argued in court papers that disclosing what, specifically, is backing the USDT stablecoin issued by Tether is in the public interest, and therefore should not qualify as a trade secret. Tether itself claimed it had proactively made the decision to publicize its reserve breakdown when announcing its settlement with the NYAG. Source
Cion Digital, a developer for an enterprise SaaS blockchain orchestration platform, announced on Tuesday that it had closed out its recent seed funding round at $12 million. The round was overseen by Green Visor Capital and 645 Ventures who have since joined Cion Digital’s board of directors. Additionally, Cota Capital, Epic Ventures, Hourglass Capital Partners, BAT Ventures, Greycroft and Ulu Ventures were also participants. Following the raise, the company said that it intends to allocate these funds toward its new resource and development center in Pune, India in an effort…
Uno de los objetivos y beneficios más importantes de la revolución de la Web 3.0 es que los ecosistemas informáticos del mundo se vuelvan a descentralizar. Internet, cuando nació, era un sistema altamente descentralizado. Pero con el paso del tiempo los sistemas centralizados se impusieron con mucho éxito por sobre este ecosistema descentralizado. La economía del sector del software y el poder de los efectos de la red son los cimientos de la centralización de la Web 2.0, a la que contribuye también el uso liberal de patrones oscuros sobre…
Bitcoin (BTC) was roughly flat over the past 24 hours as trading volume continued to decline. Still, some alternative cryptocurrencies (altcoins) outperformed BTC on Tuesday. Internet Computer’s ICP token was up about 20% over the past 24 hours, and Chainlink’s LINK token was up about 4% over the same period. Meanwhile, technical indicators suggest a brief price bounce in BTC could occur if buyers are able to defend a daily close above $47,000. Some traders appear to be optimistic as leverage as open interest in the BTC perpetual futures market,…
Warwick added on Discord that the team has “a backstop multisig that is able to mint in extreme circumstances.” The team used this multi-signature wallet, an address with specific in-protocol permissions that needs a majority of a group of signers to execute transactions, to mint tokens and sell them for ETH, rendering sILV worthless, as there is no ETH to swap the sILV for. Source
The total value locked (TVL) in decentralized finance (defi) has risen 4% during the first four days of the new year from $245 billion on January 1, to $255.84 billion three days later. While the defi protocol Curve Finance dominates with a TVL of $24.44 billion, Convex Finance is closing in on the dominance with $21.27 billion. Meanwhile, out of several blockchains, Ethereum dominates the defi TVL with 62.91% or $160.96 billion out of the aggregate $255.84 billion locked today. Defi TVL Increases 4% During the First 4 Days of…
Decentralized finance (DeFi) was one of the breakout sectors of the cryptocurrency market in 2021 and stands poised to continue to facilitate the mass adoption of cryptocurrency in 2022. This comes as institutional and retail investors embrace the emergence of Finance 2.0. One DeFi project that has kicked off the year with a bullish start is Ribbon Finance (RBN), a protocol that utilizes financial engineering to create structured products such as automated options strategies. These are designed to provide users with sustainable yields over time. Data from Cointelegraph Markets Pro…
Who will dump my bags now? Yesterday, it was reported that Igor Bogdanoff, twin of Grichka, passed away due to complications of the coronavirus, six days after his brother’s untimely death of the same disease. The two were known for their flamboyance, outlandish scientific theories and mountainous cheekbones, and were, to some extent, the face of the cryptocurrency day trader. Descendents of European nobility and preeminent figures of popular science, the twins have been commemorated in countless memes. It was often said Igor and Grichka were behind the wild price…
While Bitcoin continues to take a beating in terms of dollars, the top cryptocurrency also continues to lose its share over the market cap. In fact, with the most recent support level breached, BTC dominance could be targeting historic lows. Historic lows in BTC dominance could mean that an altcoin season unlike ever before is potentially ahead. Here’s a closer look at the metric that weighs Bitcoin against the rest of the crypto space and how it could impact altcoin performance. Bitcoin Continues To Lose Cryptocurrency Market Dominance At one…
Nvidia announced the expansion of Omniverse with new features, such as the one-click collaboration tool Nucleus Cloud, and new connectors, extensions and asset libraries built by Nvidia partners. New ecosystem partners include 3D marketplaces and digital asset libraries TurboSquid by Shutterstock, CGTrader, Sketchfab and Twinbru. Source