Day: March 1, 2023

Do ‘Ethereum killers’ have a future? Here’s what the crypto community says

Repeated outages of one of the most popular blockchains believed to have the potential to dethrone the Ethereum network sparked a conversation among community members about the future of those carrying the burden of being called an “Ethereum killer.”  A member of the cryptocurrency forum on Reddit opened a conversation on Ethereum killers and questioned their ability to succeed in the current crypto space. According to the community member, those dubbed as Ethereum killers are not likely to succeed because they do not get the same adoption that Ethereum does.…

What is opportunity cost? A definition and examples

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Opportunity cost, explained Opportunity cost is a concept in economics that refers to the value of the next best alternative that is forgone when making a choice — i.e., the cost of the best alternative that is not chosen. Consider the scenario when you have a limited budget and are debating between buying a new laptop or going on vacation. The value of the vacation you could have taken with the same amount of money would be the opportunity cost if you decide to buy the laptop. Similarly, if you…

BTC Rebounds, Following Decline in US Consumer Confidence  – Market Updates Bitcoin News

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Bitcoin rebounded on March 1, as markets reacted to the latest consumer confidence report from the United States. Confidence slipped last month, which appears to be a sign that higher rates are starting to take effect. Ethereum also moved higher on Wednesday, as prices moved above $1.650. Bitcoin Bitcoin (BTC) rebounded on Wednesday, which comes in the aftermath of the latest U.S. consumer confidence report. Confidence fell to a reading of 102.9 in February, less than the 108.5 sum that markets had anticipated. Following a low of $23,077.65 on Tuesday,…

Soulbound tokens power new identity solution on Celo blockchain

A central focus for many in the Web3 community has been improving identity solutions available to consumers. Last year the emergence of soulbound tokens (SBT) introduced a new way for users to define themselves.  Although the SBT hype quieted over the last months, they have not disappeared off the scene. On Mar. 1, the SBT protocol Masa Finance announced that it will deploy on the carbon-negative Celo blockchain to create a new identity solution.  More than 10 million wallets active in the Celo ecosystem will be able to generate a Masa…

Layer 1 Blockchain Protocol Algorand Hires Its First CFO to Expand Its Growth

Commons, who is a Chartered Financial Analyst (CFA) and holds an MBA from Harvard Business School, previously was president at Commons Inc., an executive advisory firm that included clients both in the cryptocurrency and technology industry, according to the statement. Prior to that, he was the CEO, chairman and co-founder of Cambridge Blockchain, which built blockchain products for traditional finance (TradFi) firms. Source

French Lawmakers Approve Stricter Crypto Regulations

Meanwhile, existing crypto service firms can continue operating as usual. French lawmakers have voted in favor of stricter crypto regulations in the country. The bill, as proposed by Senator Hervé Maurey, sought to restrict crypto companies in France from operating without a full license. In January, the Bank of France Governor, Francois Villeroy de Galhau, also showed support for the bill. While speaking to members of the financial sector, Galhau noted that France did not need to wait for the EU. He cited the cryptocurrency market turmoil as his reason…

Aston Martin Shares Rise 14% due to Welcome 2023 Profitability Forecast

English luxury automaker Aston Martin recently saw its shares surge following its optimistic 2023 forecast.  The shares of English luxury automobile manufacturer Aston Martin (LON: AML) have surged 14% on the company’s 2023 profitability forecast. Aston Martin forecasts better profitability this year despite increased pretax losses in 2022 due to a weakened UK currency. The automobile manufacturer also saw improved guidance on 2023 earnings before interest, taxes, depreciation, and amortization (EBITDA), which boosted shares. Furthermore, Aston Martin’s wholesale units received a positive outlook bump for the same period. As it…

Tel Aviv Stock Exchange Proposes Crypto Trading, Faces Regulatory Resistance

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The Tel Aviv Stock Exchange (TASE) has created a groundbreaking move towards offering crypto trading, marking the first time it has proposed allowing its clients to trade digital assets. The stock exchange has published a draft to approve expanding crypto trading activities to non-banking members, which is open for public comments. The proposal will enable customers to deposit fiat money specifically for investments in digital assets.   If approved, non-banking members will be licensed providers for crypto trading and custodial services. The customer funds will be placed in an “omnibus…