Day: March 8, 2023

DeFi Protocol Maverick Protocol Unveils UniSwap Rival Decentralized Exchange on the Ethereum Blockchain with Novel Automated Market Maker

“One of the biggest challenges that crypto faces in realizing its potential as the future of finance is how to increase on-chain liquidity,” Paul Veradittakit, managing partner at digital asset investment firm Pantera Capital, investor in Maverick. “Maverick makes liquidity work harder, and opens the door to the next phase of DeFi’s expansion and development.” Source link

EU asset manager gives 5 reasons why

boss

The ongoing cryptocurrency winter and massive collapses in the industry do not mean that digital assets like Bitcoin (BTC) are doomed to fail, according to a major European asset manager. Despite BTC failing to protect investors against rising inflation in 2021 and 2022, Bitcoin’s limited supply may still attract more attention if inflation remains above central banks’ targets, according to investment executives at Paris-based investment manager Amundi. Amundi chief investment officer Vincent Mortier and macroeconomist Tristan Perrier on March 2 released a thematic paper analyzing the state and the perspectives of the…

Esports Leader TSM & Blitz Partner Blockchain Facilitator Avalanche for Enhanced Web3 Gaming

TSM and its gaming app Blitz would draw on the vast blockchain technology provided by Avalanche for improved user gaming experiences.  Leading professional esports organization Team SoloMid (TSM) and gaming platform Blitz have partnered with Avalanche on a Web3 initiative. According to reports, TSM and Blitz are leveraging Avalanche’s cutting-edge blockchain resource base to enhance the gaming industry via blockchain technology. John Wu, President at Avalanche creator Ava Labs, touched on the pioneering blockchain platform’s ‘exclusive’ partnership with TSM and Blitz. According to Wu: “The partnering with TSM will bring…

BTC Falls Below $22,000, as Powell Warns of Higher Rates – Market Updates Bitcoin News

boss

Bitcoin moved below the $22,000 level on March 8, as markets continued to react to U.S. Fed Chair Jerome Powell’s testimony. Speaking in front of the Senate Banking Committee, Powell said he expected rates to be higher than initially anticipated. Ethereum has also slipped on the news. Bitcoin Bitcoin (BTC) dropped below $22,000 on Wednesday, following yesterday’s comments from U.S. Federal Reserve Chair Jerome Powell. Speaking yesterday, Powell stated that “the ultimate level of interest rates is likely to be higher than previously anticipated.” BTC/USD fell to a low of…

Bitcoin Belted by Rate Fears

Bitcoin fell to a three-week low Wednesday as Federal Reserve Chairman Jerome Powell’s hawkish testimony to the U.S. Senate Banking Committee on Tuesday spurred traders to price in a higher “terminal rate.” Bitcoin dropped to $21,871 during Asian trading hours, a three-week low, and ether nearly tested Tuesday’s low of $1,535. On Capitol Hill, Powell implied that the Fed is likely to raise rates more than previously expected, warning that the process of pushing inflation down to the central bank’s 2% target has a “long way to go.” Since last…

Bitcoin thought leaders weigh the pros and cons of Ordinals

boss

Ordinals are here to stay. Ordinals, or the ability to permanently ink the Bitcoin (BTC) blockchain with data, typically in the format of a picture or JPEG, are a controversial topic among some members of the Bitcoin and wider crypto community. Not so for the builders and the CEOs of Bitcoin-focused companies who were present at the Advancing Bitcoin conference in London.  Cointelegraph asked several CEOs, builders and key opinion leaders for their views on Ordinals throughout the conference. The overarching sentiment ranged from curiosity to indifference to deference. Alex Leishman, CEO…

Payments Technology Firm Nuvei Q4 Crypto Revenue Drops 58% From Year Ago

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Transform Ventures launches holding company for blockchain with $100M AUM

Transform Ventures has co-invested in a new holding company in what it states is an effort to accelerate blockchain investment and innovation. Alpha Transform Holdings (ATH) aims to support the blockchain ecosystem through investments via two new funds. ATH was created by merging select assets from Transform Ventures and Alpha Sigma Capital’s parent company, which will include two funds amounting to $100 million in assets under management. According to an announcement shared with Cointelegraph, the new assets include majority ownership in Content Syndicate, a Transform Ventures-backed content services company. Moreover,…