Day: February 26, 2023

Coinbase Layer 2 Network | Blockchain News

The Ethereum community appears to have a bullish view of Coinbase’s newly announced layer-2 network, Base, which has been described as a “massive confidence vote” and a “watershed moment” for the blockchain network. This has been described as a “massive confidence vote” and a “watershed moment” for the blockchain network. Protected by Ethereum and driven by Optimism’s layer-2 network, Base’s long-term objective is to evolve into a network that facilitates the development of decentralized applications (DApps) for use on blockchains. According to the chief executive officer of Coinbase, Brian Armstrong,…

Bitcoin may only need 4 weeks to hit $30K as key monthly close looms

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Bitcoin (BTC) sought to end the week above $23,000 into the Feb. 26 close as concerns heightened over stubborn resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price bulls keep faith in $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $23,318 on the day, up $600 from its weekend lows. The latest move marked a modest comeback after a grim week for risk assets which saw United States equities suffer thanks to above-expected inflation data. Despite that, Bitcoin still remained below levels flagged by analysts as…

Liquid Staking Platform Lido Sees Largest Daily Stake Inflow, Receives 150,000 ETH Reportedly From Tron Founder – Bitcoin News

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On Saturday, the liquid staking protocol Lido tweeted about the largest daily stake inflow to date as 150,000 ethereum was staked. Reports indicate that the ethereum, worth more than $240 million, belongs to Justin Sun, founder of Tron. Liquid Staking Protocol Lido Records 150,000 Ether Inflow Lido, the liquid staking platform with the highest amount of ethereum (ETH) value locked, noted that it received the largest daily stake inflow to date, with 150,000 ether worth $240 million. “Lido protocol has registered its largest daily stake inflow so far with over…

Forsage Founders Indicted for Alleged $340 Million “Global Ponzi” Scheme on Ethereum Blockchain

A federal grand jury in the District of Oregon has handed down indictments against the individuals who are believed to have been the masterminds behind the “global Ponzi” scam known as Forsage, which is said to have generated $340 million. According to a statement released by the Department of Justice (DOJ) on February 22, the four Russian founders, Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov, have been formally accused of having key roles in the scheme that raised approximately $340 million from victim-investors. This information comes from the…

How to create an IT strategy for your business

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Creating an information technology (IT) strategy is essential for any business that wants to stay competitive in today’s digital world. An effective IT strategy can help you leverage technology to improve efficiency, productivity and profitability. This article explains six steps to create an IT strategy for your business. Step 1: Define your business goals Setting up a clear definition of your business goals is the first step in developing an IT strategy. Business owners must comprehend their company’s goals and how IT may help them achieve them. For instance, if…

FSB, IMF and BIS papers to set global crypto framework, says G20

The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework, announced on Feb. 25 the group of the 20 biggest economies of the world, collectively known as G20.  According to a document summarizing the outcomes of the meeting with finance ministers and central bank governors, the FSB will release by July 2023 recommendations on the regulation, supervision and oversight of global stablecoins, crypto assets activities and markets. India’s Finance Minister…

Shiba Inu (SHIB) Rival Rallies Over 40% Prior to Announcement of Major Exchange Listing for Perpetual Contract

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A Shiba Inu (SHIB) competitor has rallied under the radar leading to the announcement of a major crypto exchange enabling perpetual contracts for the dog-theme crypto asset. On Friday, Dubai-based crypto exchange Bybit revealed that it added support for Floki Inu (FLOKI) perpetual contracts with up to 12.5x leverage. Floki Inu’s Twitter account welcomed the development, saying that Bybit’s move is a sign that people are starting to look at the Dogecoin (DOGE) rival. “This is a MAJOR move that further legitimizes Floki and shows that key industry players continue…