Vibe Bio’s founder wasn’t passionate about creating a DAO – but decentralizing drug research could fix a thorny, tragic problem. Source
A DAO for Diseases: How Vibe Bio Plans to Retool Biotech Funding
Month: July 2022
Short Liquidations Climb As Bitcoin Recovers Above $20,000
Bitcoin had lost its footing above $20,000 at the start of the week, sparking uncertainty among investors who had previously believed that the price of bitcoin was in a recovery trend. This decline saw more sell-offs in the space, albeit to a lesser extent than previously recorded. With the digital asset now starting on another recovery trend though, traders who had bet against its ability to move upward are finding themselves in very unpleasant situations. Bitcoin Short Traders Suffer Losses Bitcoin had begun to recover just after the CPI had…
HUMAN Protocol Foundation Announce HMT Now Listed on Probit – Press release Bitcoin News
press release PRESS RELEASE. The HUMAN Protocol Foundation is delighted to announce that HMT is now listed on Probit. Probit joins other exchanges, Bitfinex, FTX and Gate.io in offering our community the opportunity to buy, sell, and trade HMT. About HMT HMT is the native cryptocurrency of HUMAN Protocol. In practice, Requesters – who want to launch a job – must first purchase HMT, with which they pre-fund a smart bounty. On the other end of the system, Workers who complete the work are rewarded in HMT. HMT’s utility extends…
Vladimir Putin signs bill banning digital assets as payments into law
Russian President Vladimir Putin has signed a bill into law prohibiting digital financial assets as payments more than a month after it was introduced to the country’s lower chamber of Parliament. In a Thursday update, the Russian State Duma noted that Putin signed a bill suspending certain parts of an existing federal law “on banks and banking activities,” effectively making it illegal for people to use cryptocurrencies to pay for goods and services. The initial draft of the bill from June 7 specified the “prohibition against the introduction of other…
CeFi Broke. But DeFi Is Not Without Blame
DeFi has much to offer the world of finance. That DeFi smart contracts worked as promised in these highly stressed market conditions to keep intact the “systems” – if not the prices – is a good proof of concept on which to build a more robust, viable system. When you remember how, in scandal after scandal, Wall Street’s centralized intermediaries have bilked the global financial system for more than a century, it’s easy to see benefits of markets, rather than opaque gatekeepers, setting prices and rates. Source
Uniswap price risks 45% crash by September despite Robinhood listing
The latest Uniswap (UNI) chart pattern suggests that investors should be prepared for a correction after gaining nearly 20% over the past week. A 45% UNI price crash ahead? UNI’s price has been trending upward since mid-June inside what appears to be a “rising wedge,” which traditional analysts view as a bearish reversal pattern due to its history of luring bulls into buying fake-out bounces. Therefore, rising wedges resolve after the price breaks below the lower trendline. Traders typically calculate a rising wedge’s downside target by subtracting the distance between…
Flare Celebrates Genesis Event With Open Invitation to Blockchain Devs
Flare, the interoperable layer 1 blockchain, is finally open for business. Its genesis event kicked off on July 14, initiating an eight-week bedding-in period before things kick into high gear with a token generation event. Before then, there’s a lot of action to take in, with new validators joining the network and a grants program rewarding devs interested in building Flare’s first dApps. For Flare CEO Hugo Philion, this moment has been a long time in the making. In a statement, he enthused: “I’m excited to welcome projects to the…
US Congressional Group ‘Disturbed’ by Crypto Mining Energy Usage
The global mining industry’s sustainable electricity mix is now 58.4%, claims the BMC, and the global Bitcoin network’s technological efficiency grew by 63% year over year. “This efficiency gain reaffirms the fact that as the Bitcoin network continues to grow, it will become even more efficient over time,” said the BMC. Source
Vladimir Putin Bans Digital Payments in Russia
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Bitcoin ETFs and Open Interest From BTC Futures, Options Follow Crypto Economy’s Spot Market Decline – Market Updates Bitcoin News
Roughly 247 days ago, the total bitcoin futures open interest across 12 different cryptocurrency derivatives trading platforms was $26.73 billion and over the last eight months, bitcoin futures open interest has dropped 60% down to $10.69 billion. Further, the bitcoin exchange-traded funds BITO and BTF have followed bitcoin’s spot market losses, as the bitcoin ETFs have shed between 70% and more than 73% in value since last year’s price highs. Bitcoin Exchange Traded Funds Slide Over 70% in Value Against the US Dollar On November 10, 2021, the crypto economy’s…