Nikolai Mushegian, a co-founder of the cryptocurrency lending platform MakerDAO and the decentralized Dai (DAI) stablecoin, was found dead in Puerto Rico last week. Mushegian died due to drowning after being dragged by sea currents on the Condado beach in San Juan, the local newspaper El Nuevo Día reported. Mushegian had no vital signs by the time his body was rescued. The Condado beach is considered one of the world’s most dangerous places for swimmers, reportedly taking the lives of at least eight people in 2021. The unfortunate event was reported…
Day: November 1, 2022
Is Elon Musk The Largest Holder Of Dogecoin (DOGE)?
Elon Musk himself said via Twitter in February 2021 that the biggest issue with Dogecoin is its concentration among a few whales. The billionaire wrote at the time: If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo. I will literally pay actual $ if they just void their accounts. But what if Elon Musk himself is the largest of all DOGE whales? This rumor has been circulating in the crypto community for quite some time. So…
First Mover Americas: DOGE Doubles in October, Coinbase Goes to Bat for Ripple
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 1, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Lending Fintech Platform SoFi's Revenue Jumped More Than 55% in Q3
Nasdaq-listed lending fintech SoFi (SOFI) posted third-quarter revenue of around $424 million, a jump of over 55% from the corresponding quarter a year ago. Source
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Big Four Company EY Takes Wavespace Utility to the Metaverse – Metaverse Bitcoin News
EY, one of the “big four” accounting companies, is taking part of its software suite into the metaverse. EY wavespace, a utility that lets customers join meetings with EY personnel from several places around the world, will now include immersive experiences, allowing customers to interact in VR environments. EY Steps Into the Creative Metaverse EY, one of the big four companies in accounting, with more than 300,000 employees in 150 countries, announced on Oct. 26 that it would integrate metaverse capabilities into EY wavespace, a team collaboration tool. The company…
Dogecoin (DOGE) Cracks Over 150% In 7 Days; Is The Top In Yet?
DOGE’s price shows strength as it continues its rally with eyes set on a high of $0.2. DOGE could rally more as the price creates more bullish bias by breaking out of a bullish continuation pattern with eyes set on rallying higher. DOGE’s price remains strong on all timeframes as price trades above the 50 and 200 Exponential Moving Averages (EMA). The price action displayed by Dogecoin (DOGE) in the past few days has been tremendous, as the price of Dogecoin (DOGE) has become a standout performer creating the euphoria…
Bernstein: Small Economic Recovery Would Turn Ether's Tokenomics Favorable
Bernstein forecasts monthly active users for the Ethereum stack to jump to about 500 million by 2032 from around 8.5 million currently. Source
Digihost Bucks Bearish Trend Among Bitcoin Miners, Remains Cash Flow Positive
“Despite current volatile economic conditions, Digihost has been able to maintain good liquidity levels of cash and crypto holdings on a month-to-month basis relative to the size of our operations and of equal importance, the company continues to be debt free,” said Michel Amar, Chairman and CEO of Digihost. Original
ZoidPay Announces the Launch of ZETA, the First on-Demand Metaverse – Press release Bitcoin News
press release PRESS RELEASE. 1st Nov 2022, Bucharest, Romania — As part of its commitment to democratize access to the next generation of Web 3.0 Financial Services, ZoidPay has announced the launch of ZETA, the first on-demand Metaverse. What is ZETA? Integrating Augmented Reality (AR), Virtual Reality (VR), and Extended Reality (XR), ZETA allows users to extend their reality with evolving utility. For example, users interested in retail will be able to explore many day-to-day experiences in the Metaverse, besides access to a host of Web 3.0 Financial Services, in…