Day: December 6, 2022

Sushiswap chief says it only has 1.5 years of treasury runway left

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According to a new proposal dated Dec. 6, Jared Grey, CEO of decentralized exchange Sushiswap (SUSHI), disclosed that the project’s Treasury has less than 1.5 years of runaway left, and the “significant deficit in the treasury threatens Sushi’s operational viability, requiring an immediate remedy.” Grey explained that Sushiswap’s annualized operating expenses amounted to roughly $9 million in October, however, that has since been reduced to around $5 million. “We made the reduction possible by renegotiating infrastructure contracts, scaling back underperforming or superfluous dependencies, and instituting a budget freeze on non-critical…

UK Plans to Regulate Digital Currency Ecosystem Are Being Finalized

The approach by the UK government and parliament to bring sweeping regulations to guide the crypto industry is not negating the overall perception that the technology powering the digital currency ecosystem is unique and futuristic. The United Kingdom (UK) under the leadership of Prime Minister Rishi Sunak is looking at granting the Financial Conduct Authority (FCA) more powers to regulate the digital currency ecosystem. According to a report from the Financial Times, the collapse and eventual bankruptcy of FTX Derivatives Exchange have injected a renewed sense of urgency by all…

Blockchain Fest Singapore 2023 Announces Sponsorship

Place/Date: Singapore – December 6th, 2022 at 2:22 pm UTC · 3 min read Source: FINEXPO On 16-17 February 2023, thousands will descend on Marina Bay Sands Convention Center, Singapore, for attending Blockchain Fest Singapore 2023, the most interactive event on Blockchain, Exchanges, Cryptocurrencies, NFTs, DeFi, Mining, Gaming, Online Payments, Investment and FinTech industry. EMCD and Gresham International are set to be partners in this event. This event will be hosted by FINEXPO. EMCD tech has come forward to sponsor Blockchain Fest Singapore 2023. EMCD Tech is one of the…

ETH Falls Below $1,300 Following Monday’s False Breakout – Market Updates Bitcoin News

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Ethereum was in the red on Tuesday, as bears reentered the market following a failed breakout of a key resistance level. Prices failed to sustain yesterday’s move above $1,300, with momentum slipping in today’s session. Bitcoin was also lower, however is trading above $17,000 as of writing. Bitcoin Bitcoin (BTC) was consolidating in today’s session, as prices retreated from Monday’s three-week high. Following a peak of $17,371.00 to start the week, BTC/USD fell to an intraday low of $16,922.43 earlier in the day. This decline comes as traders have seemingly…

Alchemy Releases Web3 App Store to Streamline Dapp Access

“We wanted to really step in and help provide an open, community-oriented product while still providing a kind of clarity and trust to consumers,” said Shah. “If we believe in the future of Web3, we really need to make it really simple for [users] to get the word out there, and educate consumers about the benefits that they provide.” Source

Bitcoin advocate dishes out sats over Lightning Network to raise BTC awareness

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A Bitcoin (BTC) advocate on Twitter known by the name of ShireHodl, or simply Shire, sent over 110 micropayments to first-time Bitcoin Lightning users in response to Michael Saylor’s Lightning Network pool.  Shire asked those new to Lightning to download a Lightning wallet from App Store or Google Play Store and to send him a QR invoice. To pay the invoice, Shire scanned the code with his camera, and the Bitcoin Lightning Network did the rest. In the Tweet, Shire said he’d send 1000 sats to as many people as he can be…