Day: January 19, 2023

Tezos Approaches ‘Mumbai Upgrade’, Next For The Price?

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Tezos (XTZ) network is readying itself for its latest upgrade, called the ‘Mumbai Upgrade.’ On January 17, Nomadic Labs, which is a blockchain developer within the Tezos community, mentioned the Tezos protocol proposal, Mumbai, which is headed toward the implementation process. This will be the 13th upgrade made to the Tezos network. This upgrade will implement various new features. The main features include transfer tickets between accounts and a much shorter block time of 15 seconds. Further, this upgrade will add Epoxy, a new technology on Mainnet, which is precisely…

Bitcoin Holds The Line At $20,700, But Losses Are Imminent?

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Bitcoin lost steam the previous day and seems poised to re-test its support levels in the coming days. The cryptocurrency rallied on the back of favorable macroeconomic winds and high upside liquidity from overleveraged short traders.  As of this writing, Bitcoin trades at $20,800 with a 3% loss in the last 24 hours. BTC remained positive during the previous seven days and recorded a 16% profit. The number one crypto by market capitalization is the best performer in the top 10.  BTC’s price trends to the upside on the daily…

Peter Thiel’s Fund Cashed Out $1.8 Billion From Bitcoin Before 2022’s Crash

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A VC fund co-founded by Peter Thiel closed almost all of its 8-year-long bet on Bitcoin last year.  The winding down of the crypto investments came right before 2022’s crypto crash in May.  Shortly after selling the crypto holdings, Thiel suggested that Bitcoin’s price may rise 100-fold. The fund currently manages more than $11 billion and has very little exposure to crypto.  Billionaire investor Peter Thiel reportedly cashed out big on crypto last year. The Founders Fund, a venture capital firm co-founded by Thiel, made its initial investment in Bitcoin…

6 ways the stablecoin space can improve stability in volatile periods

With a value pegged to another currency, stablecoins in theory maintain steady price levels — hence the name. However, as investors saw in the Terra (LUNA) and UST crashes in May 2022, even stablecoins are subject to diminishing value in times of volatility if underlying pegs are lost or drop in value themselves. As investors continue to search for reliable instruments in the face of inflation and market uncertainty, enhancing stability in the stablecoin space is an essential effort for attracting continued and new investment. Below, six members of Cointelegraph…

Shiba Inu’s BONE Bags New Listing And Surge 14% In 7 days

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As the Shibarium launch draws near, the popularity of the blockchain’s native token, BONE, has been on the rise. In today’s announcement, Singapore-based Exchange BingX announced the listing of BONE trading pairs (BONE/USDT) on the beta version of its BingX Spot platform. The exchange said that the deposit and withdrawal service of the BONE token will be available on the BingX exchange starting from January 18, and trading will commence once the pairs are launched. According to the company’s announcement, the move was taken due to the high demand from…

How to prevent AI from ‘annihilating humanity’ using blockchain – Cointelegraph Magazine

When he’s not working on hastening humanity’s rush toward the Singularity by creating an artificial general intelligence (AGI), Ben Goertzel plays in a jazz-rock band called Jam Galaxy fronted by a robot named Desdemona. It’s one of his many side projects, which naturally led him to try and tokenize the music business by reaching out to members of Pearl Jam and Heart. Goertzel is also working on longevity research by crowdsourcing human health data with token rewards via an app called Rejuve.ai. That information is then pooled with animal and…

Ava Labs and Amazon’s partnership could “expand the pie” for blockchain

The Amazon Web Services (AWS)-Avalanche “cooperation,” as it was carefully described last week, should almost immediately make it easy for developers to establish nodes on the Avalanche blockchain, including via “one-click node deployment.”  Eventually, too, it might make it simpler for everyday businesses — i.e., non-crypto-related enterprises — and even individuals to establish their own subnets like smaller, private, layer-2 blockchains. But perhaps the outstanding message from the Jan. 11 announcement is that the blockchain revolution isn’t just about cryptocurrencies. It’s also about things as prosaic as storing documents more…