Month: January 2022

Solana Wallet Phantom Raises $109M to Rival MetaMask

The company building Solana’s top crypto wallet is now worth $1.2 billion, Phantom announced Monday. Crypto venture firm Paradigm led a $109 investment in Phantom, CEO Brandon Millman said. It was not immediately clear who else joined the cap table, or what percentage equity they took in the upstart firm, whose main product is a Chromium browser plugin. The wallet is going mobile, too: On Monday, the company debuted its iOS app. Millman expects his 20-odd team to ship an Android offering later this year, following through on a mission…

Powers On… The Fed endorses cryptocurrency — Kind of – Cointelegraph Magazine

boss

This month, the Board of Governors of the United States Federal Reserve System issued its widely anticipated report on the nation’s possible use and adoption of digital currencies for its financial system. The document is titled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” and true to its name, the paper is transformative. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC.…

Ryanair Posts Quarterly Loss of €96M Atop “Hugely Uncertain” Year Outlook

Ryanair hopes to improve its operational outlook in the coming years with the plans to acquire some new jets from Boeing. Swords, Ireland-based budget airline Ryanair Holdings plc (NASDAQ: RYAAY) has released its last quarterly report and outlook, posting a loss of €96 million ($107 million). The loss was better than the projected forecast of 101 million euros loss by a group of analysts. By way of comparison, Ryanair made a profit of 88 million Euros in the same quarter of 2019 and posted a massive loss of 306 million…

Former BOJ Official Says Digital Yen Could Have Adverse Effects on Japanese Economy

The ex BOJ official, Hiromi Yamaoka, does not subscribe to the idea of using the digital yen to help or improve Japan’s financial system. The former head of the Bank of Japan’s (BOJ) financial settlement department is reportedly advising against using the digital yen in monetary policies. Hiromi Yamaoka, who once led digital currency research, expressed some concern about negative interest rates. Additionally, the ex-BOJ official said that using the digital yen for mass payments will reduce the fiat currency value. This would erode the purchasing power of the general…

Unizen Forms CeDeFi Alliance with Jun Capital to Accelerate Institutional Blockchain Adoption

The Alliance said its main focus, for now, will be on financial CeDeFi applications, though it ultimately wants to expand its horizons to support innovation in other industries.  The smart exchange ecosystem creators Unizen is working with its partner Jun Capital to foster the development of the nascent centralized decentralized finance industry.  The two partners have announced the creation of the CeDeFi Alliance, a new crypto non-profit initiative that aims to focus on bringing greater compliance and regulatory frameworks to the world of DeFi.  Unizen is a big proponent of…

Flow Blockchain Gets Circle’s Full USDC Treatment

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Shopify CEO Joins Coinbase Board of Directors

Tobias Lütke, CEO and founder of the e-commerce site Shopify, will join Coinbase’s Board of Directors subject to formal board approval later this week. Lütke will help Coinbase with its expansion plans as the crypto exchange targets newer products that appeal to crypto traders and investors internationally, Coinbase said in a note. “We hope to unlock crypto’s potential to increase economic freedom in the same way Shopify democratized online commerce,” Coinbase CEO Brian Armstrong said in a press statement. Lütke was an early adopter of crypto through Shopify’s integration with…

Morgan Stanley Isn’t Worried about Bitcoin’s 50% Correction

boss

Banking giant Morgan Stanley reported that 50% price corrections in Bitcoin have been a thing of the past as well. It mentions some key levels on the upside and downside for investors to watch. The world’s largest cryptocurrency Bitcoin (BTC) has already corrected by more than 50% from the all-time high levels of November 2021. As of press time, Bitcoin has been trading at $37,163 levels with a market cap of $704 billion. Banking giant Morgan Stanley has recently published a report dubbed “State of the bear market” wherein it…

What is Ethereum in Hindi | Cryptocurrency for beginners in Hindi | Ethereum for beginners in hindi

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ►Get FREE trading account in Cryptos, check out Vauld: Code : icAceink What is Ethereum in Hindi | Cryptocurrency for beginners in Hindi | Ethereum for beginners in hindi ———————– What is Bitcoin : ———————– Telegram channel 👉🏼 or search @AceinkOfficial on Telegram Instagram : ———————– Contact:- (business queries only) aceinkbusiness@gmail.com ———————– DISCLAIMER Dear Subscriber and viewers, Please Note that various I promote various products which I find good enough or fit enough or useful for my subscribers. But please take precautions…