Day: November 24, 2022

New York Times Gets Mocked for Allowing Sam Bankman-Fried to Speak at Dealbook Summit – Bitcoin News

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The former FTX CEO Sam Bankman-Fried (SBF) says he plans to speak with Andrew Ross Sorkin at the annual New York Times Dealbook Summit on Nov. 30, according to a tweet he published on Nov. 23. SBF’s tweet received quite a bit of response and its unconfirmed as to whether or not the former FTX executive will appear in person or virtually. No Shortage of Criticism After SBF Reveals He’ll Be Speaking With Andrew Ross Sorkin at This Year’s Dealbook Summit Following the highly criticized New York Times (NYT) article…

Separating Web3 facts from fiction: Report

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The term Web3 is often used as shorthand to discuss the new phase of the internet. It describes leaving the era of centralized social media and massive e-commerce platforms and arriving at a utopia of user-controlled data. Web3, in a colloquial sense, is simply an umbrella marketing term that means anything crypto-adjacent.  To offer clarity on this topic, the Cointelegraph Research team has released a new report detailing the nature of the real Web3. These key insights are invaluable for investors to understand to separate facts from fundamental misconceptions. The…

5 tips for riding out a downbeat market this holiday season

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These forecasts are driven by deteriorating structural fundamentals. For example, credit card debt has surged past even 2020 levels, with interest rates charged by banks that are just slightly higher than those observed leading up to the post-2000 dot-com crash. And yet, labor force participation rates — or the proportion of the population that is able to work and is working — have still not recovered to pre-pandemic levels. Furthermore, inflation — as measured by the consumer price index — has surged over the past few years. Economic forecasts suggest…

Binance says its Industry Recovery Initiative has 7 enrollees, 150 applicants

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Binance announced Nov. 24 that it is spearheading the creation of a so-called Industry Recovery Initiative (IRI) on BloombergTV. New details about the project to “to lead the charge when it comes to protecting consumers and rebuilding the industry” have been released on the exchange’s blog.  The company wrote: “As a leading player in crypto, we understand that we have a responsibility to lead the charge when it comes to protecting consumers and rebuilding the industry.” Binance has committed $1 billion to the fund at a public address, with an…

LINK Nears 2-Week High, SOL Extends Recent Gains – Market Updates Bitcoin News

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Chainlink rallied to a 12-day high earlier in today’s session, as the token neared the $7.00 level. The move comes as prices rose for a fourth straight session, climbing by over 5% on Thursday. Solana has been another notable gainer, as prices closed in on a ten-day high. Chainlink (LINK) Chainlink (LINK ) rose for a fourth straight session on Thursday, with the token nearing a 12-day high in the process. Following a low of $6.37 on Wednesday, LINK/USD surged to an intraday peak of $6.84 earlier in the day.…

Ankr Becomes an RPC Provider to the Sui Blockchain – Blockchain News, Opinion, TV and Jobs

Ankr, one of the world’s leading Web3 infrastructure providers, has become one of the first RPC (Remote Procedure Call) providers to the Sui blockchain, the permissionless Layer-1 blockchain designed to enable creators and developers to build Web3 experiences for the next billion users.  Developers can now access the Sui Testnet Community and Premium RPCs, make request calls, and receive information returns that mirror the results they would get by running a full node by themselves. The partnership will enable developers to build safe, scalable, and upgradable dApps on top of…

MetaMask will start collecting user IP addresses

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According to a revised privacy policy agreement published by ConsenSys on Nov. 23, MetaMask will begin collecting users’ IP addresses and Ethereum wallet addresses during on-chain transactions. However, ConsenSys, the wallet’s creator, explains that the collection of users’ data will only apply if they use MetaMask’s default Remote Procedure Call (RPC) application, Infura. Individuals using their own Ethereum node or a third-party RPC provider with MetaMask are therefore not subject to the newly updated ConsenSys privacy policy. Instead, the terms of the other RPC provider apply.  According to ConsenSys, information…

Bitcoin Shakes Off the Bears and Aims for $20,000 By End Of Year

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Bitcoin remains rangebound, hovering around its yearly lows, with some short timeframe bullish momentum. The cryptocurrency suffered amid the FTX’s collapse and the subsequent contagion, but market participants seem more optimistic about potential profits.  As of this writing, Bitcoin has retraced back to yesterday’s highs. The BTC’s price is trading at $16,500 with sideways movement across the board. Other cryptocurrencies in the top 10 by market cap display similar price action. XRP remains the best-performing asset on the ranking.  BTC’s price moving sideways on the daily chart. Source: BTCUSDT Tradingview…