Cardano joins Polkadot in offering the framework, which allows developers to experiment with niche applications in a live environment without compromising the main network. Sidechains can increase the transaction capacity, enabling more data to be processed without increasing the risk of network downtime. Source
The Bitcoin Cash hard fork ahead this year will bring added security and privacy to the network with CashTokens enabling decentralized applications (Dapps) to run. The price of Bitcoin Cash (BCH), the native crypto of the first offshoot of the Bitcoin blockchain, has shot up by more than 10% in the last 24 hours. As of press time, BCH is trading at a price of $120 with a market cap of $2.37 billion. The latest rally in the BCH also coincides with the broader pump in the altcoin space this…
Representative French Hill (R-Ark), who led Republicans in the effort to test the successful ability of a CBDC, will head the new subcommittee of crypto assets, financial technology, and inclusion. The US House Republicans plan to establish a subcommittee to oversee the crypto space amid the ongoing industry-wide downturns. This move signifies that the GOP is putting crypto legislation and management on its agenda. A January 12th report by Politico cites the incoming chair of the financial services committee, North Carolina Representative Patrick McHenry, who revealed his plans on the…
Bitcoin (BTC) may be up 16% in 2023, but one stock it outperformed last year is now getting its revenge. Data from Cointelegraph Markets Pro and TradingView shows that for all its newfound strength, Bitcoin is still playing catch-up. Tesla up almost 25% from January low Tesla was in the headlines throughout 2022 as its rapid rise to prominence — and stock price gains — steadily unwound. Despite CEO Elon Musk making history with his personal wealth losses, Tesla (TSLA) has so far recovered by almost 25% since Jan. 6.…
This latest price cut by Tesla is becoming a trend and it represents almost the third time the firm will be slashing its car prices around the world. American multinational electric vehicle maker Tesla Inc (NASDAQ: TSLA) has slashed the prices of its vehicles in the United States, and other key markets in Europe. As reported by CNBC, the price slash extends to its pricing in the United Kingdom, Austria, France, Germany, the Netherlands, Norway, and Switzerland. The price slash ranges from 1% to 17% depending on the specification of…
The Singapore-based crypto lender Hodlnaut is looking at a possible liquidation as the firm’s creditors have rejected the proposed restructuring plan and seek liquidation of the platform’s assets. The group of creditors rejected a restructuring plan offer allowing the current directors to oversee the firm’s operations during the restructuring phase. However, a Jan. 12 hearing rejected an application to remove the interim judicial managers, reported Bloomberg. Cast your vote now! The creditors believe restructuring plans are of no help and it is in their best interest to wind down and liquidate…
While SBF covered many areas in his substack letter, one thing was echoed over and again, and that is the fact that he did not steal users’ funds. Sam Bankman-Fried (SBF), the founder and former Chief Executive Officer of bankrupt FTX Derivatives Exchange has maintained his innocence with respect to stealing the trading platform users’ funds as alleged by Federal Prosecutors. In a Thursday morning Substack letter, Bankman-Fried fried explained that the collapse of FTX and its sister trading firm Alameda Research is a function of the broader turmoil that…
The Polygon ecosystem has grown exponentially in the past year with over 207 million unique addresses, and more than 2.3 billion processed transactions. Polygon (MATIC) network, an Ethereum scaling solution, has announced a hard fork scheduled for January 17 to reduce the severity of gas spikes and address chain reorganizations (reorgs) in an effort to reduce time to finality. Polygon Hard Fork The Polygon community gave the hard fork proposal in a forum discussion following updates provided by the governance team. At the top of the discussion forum, the Polygon…
A Chivo wallet programmer has opened up about the different problems that the flagship cryptocurrency wallet of El Salvador faced during its initial stages. Shaun Overton, who alleges he was hired to help in the handling of the issues, has talked about ID theft, money laundering problems, and the tech issues he observed while working with the Chivo team. Chivo Wallet Problems Deconstructed Shaun Overton, a developer that supposedly was part of the team for Chivo Wallet, has talked about the different problems that the flagship cryptocurrency wallet, created by…
Bitcoin’s volatility smile is a graphical representation of implied volatility or demand for options at different strike levels. Original