On this week’s episode of Market Talks, we welcome Muneeb Ali, co-founder of Stacks — a Bitcoin layer for smart contracts — and the CEO of Trust Machines, which is building the largest ecosystem of applications for Bitcoin and their underlying technologies. Ali has been working on internet protocols and distributed systems for over 15 years and received his Ph.D. in Computer Science from Princeton University, where he occasionally gives guest lectures as well. We first get some basics out of the way and ask Ali to explain what it…
Day: October 20, 2022
Stablecoin Issuer Tether to Make USDT Available at 24,000 ATMs in Brazil
The conversion of tether to Brazilian reals and vice versa will be managed by local crypto services provider SmartPay in conjunction with TecBan, which owns the ATMs. Source
Crypto Adoption Slowed in Last Year but Remains Above Pre-2021 Levels: Chainalysis Study
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DOGE, XRP Rebound Following Recent Declines – Market Updates Bitcoin News
Following two days of declines, dogecoin rebounded earlier in today’s session, moving away from a key level of support. The meme coin, which has been hovering close to a one-month low, surged, as bulls seemingly bought the dip. The token formerly known as ripple (xrp) was also higher. Dogecoin (DOGE) Dogecoin (DOGE) was a notable gainer in today’s session, as the meme coin rebounded following recent losses. So far this week, DOGE/USD has been trading around a floor of $0.0580, however prices rallied beyond that point today. The world’s tenth…
What is Comtech Gold (CGO) and how does it work?
The take-off of digital gold has the potential to disrupt the industry to an unprecedented degree. Historically, gold has been used as a global currency as a hedge against inflation. It has also been serving as an investment venue (commodities), often preferred over other asset classes like equities or foreign exchange, particularly in conventional markets. However, there are certain disadvantages to owning physical gold, such as inconvenience in transport and storage, as well as the risk of theft. Gold exchange-traded funds (ETFs) might come across as an alternative option, but…
Binance.US Hires Ex-FBI Agent as First Head of Investigations: Report
It’s the latest in what’s been a busy year for Binance.US in building out its regulatory staff, with headcount in that area up 145%, and more than 20% of the company’s staff now working in legal, compliance, and risk operations, according to the story. Source
Nike’s Venture into Web3 Isn’t About Tech – It’s About Culture
The numbers don’t lie, either. RTFKT’s Discord server currently boasts just under 232,000 members. By contrast, Adidas sits at almost 57,000 at the time of writing. Web3 natives like CryptoPunks and Bored Apes Yacht Club (both owned by Yuga Labs) are also trailing behind, with 71,000 and 172,000, respectively. Source CultureIsntNikesTechVentureWeb3 CryptoX Portal
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Stealthy Crypto Hedge Fund Edge Capital Raises $66.8M for DeFi Bets
The firm was founded in early 2020 by Vadim Khramov and headquartered in Boca Raton, Florida, according to LinkedIn and SEC filings. While Khramov refers to the firm as a hedge fund, the SEC filings don’t have that box checked, instead indicating “other” for the type of investment fund. Prior to Edge Capital, Khramov was active at various TradFi firms, including a macro hedge fund and Bank of America Merrill Lynch in London, according to his LinkedIn profile. Source
Uniswap Coin’s Bullish Trajectory Sets UNI To Breach The $7 Level
Upward trends in price charts bode well for Uniswap. CoinGecko reports that over the past 30 days, the token’s value has increased by 17.6 percent. The currency appreciated by 6.5% in value throughout the course of the week. As of this writing, UNI is still in an uptrend, and there are indications that the bullish momentum will continue, pushing the price of UNI into or over the $7 barrier mark. UNI’s gains are only one example of the several cryptocurrencies that took advantage of the market turmoil caused by the…