Parataxis was able to avoid exposure to FTX’s collapse due to its policy of not trading on offshore exchanges, said Chin, and didn’t face a rush of redemptions from investors. Though crypto is obviously in a bear market, the atmosphere is different from the previous one, Chin said, when the talk had turned to whether crypto would continue to exist as an asset class. Source
Crypto exchange Gemini took to Twitter on March 8 to deny rumors about terminating its banking relationship with United States financial conglomerate JPMorgan. In a brief and straightforward message, Gemini stated that “despite reporting to the contrary, Gemini’s banking relationship remains intact with JPMorgan.” The comments came in response to a previous report that claimed without naming a source that the banking ties between the two companies were ending. Despite reporting to the contrary, Gemini’s banking relationship remains intact with JPMorgan. — Gemini (@Gemini) March 8, 2023 The rumors surfaced amid…
Women have been part of the crypto space since its genesis, developing projects, communities and brands, as well as tackling many trenches that this emerging industry demands. Yet, they have been less involved in starting Web3 businesses. According to the Web3 Career Market report by crypto exchange KuCoin, 27% of female professionals in the field have been involved in starting a crypto startup, against 41% of males in the survey. For many, the “bro culture” in Web3 poses career challenges and barriers to onboarding more women into the space, the…
According to United States Senator Kirsten Gillibrand, a new draft of the bipartisan crypto bill pioneered by herself and Senator Cynthia Lummis will be released to the new Congress after being deferred in 2022. In a March 8 Senate Agriculture Committee hearing on oversight of the Commodity Futures Trading Commission, Senator Gillibrand asked CFTC chair Rostin Behnam for his opinion on the crypto bill she had previously drafted with Senator Lummis aimed at creating a regulatory framework for the crypto industry. According to Gillibrand, the next draft of the bill…
“Futures derive their pricing from the underlying spot markets, given that they are derivatives of spot bitcoin,” Salm said on CoinDesk TV’s “First Mover” on Wednesday. “If we’re going to have bitcoin futures trading being approved by the SEC, how can we not also have spot bitcoin ETFs be approved as well?” Original
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video I’ll show you how I would use $100 and turn it into $10000 day trading cryptocurrency. You don’t need a lot of money … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
“You can never scale the way we’re planning to scale if you’re just” automatic market maker-driven, co-founder Darius Tabatabai said. Source
In this week’s newsletter, read about how Yuga Labs’ first Bitcoin-based nonfungible tokens (NFTs) earned $16.5 million in 24 hours, and how the Bitcoin NFT market can reach $4.5 billion by 2025. Check out how Binance’s artificial intelligence NFT generator got 10,000 mints 2.5 hours after its launch, and find out how the Flare blockchain got its own NFT marketplace. And don’t forget this week’s Nifty News, featuring Square Enix’s NFT-friendly CEO stepping down. Yuga Labs’ first Bitcoin NFT auction nets $16.5M in 24 hours In the first 24 hours…
The strength in the U.S. dollar suggests that the risky assets may remain under pressure in the near term, but Bitcoin and select are showing signs of resilience. On March 7, United States Federal Reserve Chairman Jerome Powell warned that interest rates may remain higher for longer than previously anticipated. This boosted expectations of a 50 basis points rate hike in the Fed’s March meeting to about 70% from 30% a week earlier, FedWatch Tool data suggests. The U.S. dollar shot up and the S&P 500 plunged after Powell’s comments…
The world of Web3 has opened up new opportunities for individuals to participate in a more open and transparent internet, and to create wealth. However, despite the potential benefits of this emerging technology, women face unique challenges in the Web3 space. From the lack of diversity in the industry to the gender bias in funding, women encounter significant obstacles that make it difficult for them to thrive in the decentralized web. To better understand these challenges, Cointelegraph interviewed several women in Web3. Devon Martens, Principal Blockchain Engineer at Sweet NFTs,…