Day: January 24, 2023

ECB Says Digital Euro Will Be Free, Outlines More Plans

The ECB believes that the digital euro answers the increasing preference for digital payment. Speaking to a European Parliament committee on the 23rd of January, an executive board member of the European Central Bank (ECB), Fabio Panetta, revealed that the digital euro will be free to use. The central bank has been committed to developing the digital version of a central bank currency. Upon its successful launch, the central bank digital currency (CBDC) will extend payment options beyond cash offerings. In a statement, the executive board member noted that the…

ApeCoin Buckles As Recent News Of Stolen BAYC Hits The Market 

The Bored Ape Yacht Club NFT collection has been the target of an exploit this January 20th. FranklinIsbored, one of the biggest holders of BAYC NFTs, is targeted with an exploit of OpenSea’s stolen ApeCoin policy which allowed the attacker to sell a marked Bored Ape.  This Bored Ape was marked  as “under review for suspicious activity” which supposedly locks the NFT from being sold. Franklin has been the target of this exploit for the second time this week with the first one being January 20.  Hey @opensea can you…

Amid crypto winter, central banks rethink in-house digital currencies

boss

Over the last couple of years, numerous reports have surfaced regarding governments worldwide exploring the issuance of their very own central bank digital currency. In fact, to date, nine countries have rolled out an active CBDC offering. In this regard, China’s digital yuan witnessed widespread use during the 2022 Winter Olympics.  Other countries that have initiated similar projects include the Bahamas, the Marshall Islands and Nigeria. However, it is being reported that Nigeria’s eNaira has witnessed poor uptake so far, and the others have fared somewhat similarly. Moreover, India too…

QuickNode Raises $60M in Series B at $800M Valuation

Founded in 2017, Miami-based QuickNode offers tools for over 16 blockchains and 33 networks that aim to improve speed, reliability and security for developers The tools include application programming kits (APIs), analytics and end-to-end support. The Core API handles the potential blockchain forks, upgrades and network interruptions for an app. A NFT API makes it easier to find non-fungible tokens and their metadata, and the Token API lets users look up tokens by wallet, token transfers and token details, according to the QuickNode website. Source

Blockchain developer QuickNode raises $60M at $800M valuation

Blockchain development platform QuickNode has closed a $60 million funding round as part of a global expansion intended to onboard more users and developers to Web3 applications.  The Series B raise, which valued QuickNode at $800 million, was led by venture capital firm 10T Fund, with participation from Tiger Global, Seven Seven Six and QED, the company announced on Jan. 24. QuickNode’s management said the capital would fund its global expansion and streamline the transition to Web3 “at scale,” which includes providing developers with the deployability required to onboard new…

BTC, ETH Consolidate Ahead of US GDP, Consumer Sentiment Data – Market Updates Bitcoin News

boss

Cryptocurrencies continued to consolidate recent gains on Jan. 24, as markets prepared for a big week of U.S. economic data. Gross domestic product (GDP) figures for Q4 2022 will be released on Thursday, followed by consumer sentiment data the day after. Ethereum also secured recent gains in today’s session, with prices nearing a move below $1,600. Bitcoin Bitcoin (BTC) consolidated for a third straight day, as traders continued to secure gains from Saturday, when prices rose to a five-month high. Despite consolidating, BTC/USD remained above $23,000 for most of today’s…

TradFi and DeFi come together — Davos 2023

boss

Traditional finance, or TradFi, continues to explore the world of cryptocurrencies and blockchain technology, with the World Economic Forum holding more workshops and sessions for the sector in 2023. These were major themes seen by the Cointelegraph team as they covered the action throughout a busy week in Davos, Switzerland. In a late-night recording session, the team recapped everything readers need to know about the week for the new Decentralize With Cointelegraph podcast. Cointelegraph editor-in-chief Kristina Lucrezia Cornèr reflected on her access inside the WEF compared with previous years in Davos. She…

Dogecoin Whale Transfers $5M In DOGE To Coinbase, Bearish Signal?

boss

Data shows a Dogecoin whale has deposited more than $5 million in the crypto to Coinbase. Here’s what it may mean for DOGE’s price. Dogecoin Whale Sends 57 Million DOGE To Crypto Exchange Coinbase As per data from the crypto transaction tracker service Whale Alert, a massive Dogecoin transaction has taken place on the blockchain today. In total, this transfer involved the movement of 57,056,400 DOGE, worth upwards of $5 million at the time the transaction was sent. Since the amount here is so large, the entity behind the transfer…