Chief Financial Officer Ryan Davis is leaving, according to a person with knowledge of the matter. Matt Gorham, a Pantera strategic adviser with ties to the 19-year-old company dating back to its pre-crypto days, will fill in for him during the search for a permanent replacement, said the person, who added that Davis will remain with Pantera during a temporary transition period. Source
Forever databases enable novel use cases beyond money-like instruments, which are primarily being explored on networks beyond Bitcoin. Mike Bodge’s crypto-art project, 0xinfinity, allows you to publish love letters the site claims will last “forever or as long as the Ethereum network is running.” Arweave is a file storage service that claims “to store documents and applications forever.” And Starling Labs is a project that, among other things, has uploaded 56,000 Holocaust survivor testimonials to preserve evidence of human rights abuses and protect against future disinformation. Source
Cryptocurrency exchange FTX experienced a period of downtime during Tuesday’s CPI print. Source
The shares of crypto miners, which are most exposed to the price swings of the digital currencies they mine, were the worst hit. Stocks of some of the largest, such as Core Scientific (CORZ), Riot Blockchain (RIOT) Marathon Digital (MARA), fell more than 6% in early U.S. trading. Original
The exchange will be lead by CEO Jamil Nazarali. Source
Volatility has stuck the crypto market as the price of Bitcoin and Ethereum trend to the downside. The two largest cryptocurrencies are reacting negatively and with volatility to the U.S. Consumer Price Index (CPI) print, a metric used to measure inflation. At the time of writing, Bitcoin (BTC) trades at $21,600 after a rejection north of $22,000 and a 4% loss in the last 24 hours. Ethereum (ETH) trades at $1,640 with a 6% loss over the same period after an aggressive crash from a major resistance area near $1,8000.…
At the height of the 2022 bull market, the Terra ecosystem was booming with talent and innovation. The native token of the Terra blockchain had made its way to the top-10 cryptocurrencies by total market capitalization. Protocols were building the next iteration of a super cycle that seemed like it would never end. Terraform Labs created Terra amid the crypto market crash of 2018 and built it all through the bear market. The Terra ecosystem’s main appeal and claim for glory came from their offer of the best yields in…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io It is easy to get swept away in sensationalist price predictions, but some things with Bitcoin remain true, and that is diminishing returns. While it is not a cool thing to say, the charts do not lie. In this video we take a look at the Bitcoin 1, 2, 3, and 4 year return on investment (ROI) and identify key trends. Make sure you actually think about this chart because the conclusions from it are not necessarily what you would expect. Where…
Bitcoin (BTC) crashed below $22,000 instantly on Sep. 13 after United States inflation data failed to meet estimates. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI print sparks major crypto rout Data from Cointelegraph Markets Pro and TradingView showed BTC/USD swiftly falling $1,000 after Consumer Price Index (CPI) inflation for August came in at 8.3% year-on-year. Consensus had agreed that 8.1% would be the latest figure, and the overshoot suggested that inflation was not slowing at the expected pace. US CPI for August YoY coming in above expectations at 8.3% (expected…
As the region is enduring the highest inflation in the world, lingering around 12%, the dollar keeps its dominant position as a tool to counter the local inflation challenges. In this way, Latin Americans already see dollar-backed stablecoins as more secure than their own currencies, the report said. Original Source AmericansDollarInflationLatinPaxosStablecoinsSurgeTurning CryptoX Portal