Day: March 28, 2023

Trader Chris Dunn talks Bitcoin and inflation on the latest Crypto Trading Secrets podcast

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Cointelegraph has released Episode 8 of its Crypto Trading Secrets podcast, featuring an interview with trader, investor, podcaster and YouTuber Chris Dunn, who touts experience in mainstream markets as well as about 10 years of activity in the crypto space. The trader and investor answered questions asked by host Benjamin Pirus during the episode’s March 14 recording, giving his opinions on the role Bitcoin (BTC) plays as an asset and why he thinks people are willing to buy the coin, plus much more. Dunn mentioned that he thinks COVID-19 got…

How Irish farmers turn cow dung into digital gold (Bitcoin)

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An Irish dairy farmer has found an unusual way to make use of the excess energy produced on his farm — by turning to Bitcoin (BTC) mining. Tom Campbell, who runs a farm in County Armagh, Northern Ireland, produces renewable energy using a method called anaerobic digestion. This involves breaking down biodegradable material to a point where it creates methane gas, which can be used to produce electricity. Campbell primarily uses the electricity to power his farm, but when there is excess energy that cannot be exported to the grid,…

Biggest Movers: XRP Hits Fresh 5-Month High on Tuesday, Extending Recent Win Streak – Market Updates Bitcoin News

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Xrp rose to a fresh five-month high on Tuesday, as prices climbed for a fourth straight session. The token moved to its highest point since November, which comes despite a red wave sweeping over cryptocurrency markets. The global market cap is down 2.35% as of writing. XRP, formerly ripple, rose for a fourth consecutive session on Monday, as prices hit their highest point in five months. XRP/USD surged to an intraday high at $0.5029, less than 24 hours after falling to a low of $0.4573. As a result of the…

Staking Protocol EigenLayer Raises $50M Amid Crypto Winter

“One of the central bottlenecks to innovation in today’s crypto ecosystem is the requirement for projects to bootstrap trust, or cryptoeconomic security,” said EigenLabs founder and CEO Sreeram Kannan in the press release. “We started working on EigenLayer in the hopes of creating a new model in which developers can easily consume trust, instead of needing to build trust, and design powerful systems of assurances that make the crypto ecosystem safer and more useful.” . Source

FTX Founder Bail Agreement | Blockchain News

The legal saga surrounding FTX founder Sam Bankman-Fried continues as new developments arise in his case. On March 27, Bankman-Fried’s lawyers reportedly reached a new bail agreement with US prosecutors that would allow him to remain at home while restricting his use of electronic devices and apps. The proposed agreement is still subject to approval by US District Judge Lewis Kaplan, who is overseeing Bankman-Fried’s case. The proposed bail conditions would prohibit Bankman-Fried from using a smartphone with internet access and any apps other than voice calls and text messaging.…

Alibaba to Split into 6 Business Groups Capable of Individual IPO as Company Prepares for Major Restructuring

Chinese e-commerce giant Alibaba has confirmed plans to split into smaller groups to allow each one pursue independent IPO. Alibaba Group Holding Limited (NYSE: BABA) recently announced plans to split into 6 business units, each capable of pursuing an IPO. According to the Chinese e-commerce giant, the move seeks to “unlock shareholder value and foster market competitiveness.” The Alibaba IPO-focused split also represents the most significant reorganization in the Hangzhou-based company’s history. Shares of the company jumped more than 9% in US pre-market trading following the announcement. In the same announcement,…

Galaxy Digital swings to profit after $1B net loss in 2022

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On March 28, Canadian investment firm Galaxy Digital, operated by blockchain personality Mike Novogratz, disclosed that it had achieved a preliminary pre-tax income of $150 million from Jan. 1, 2023, to March 24, 2023.  The results followed a $1 billion net loss in 2022, which was largely attributed to a $659 million unrealized loss on digital assets and a $496 million unrealized loss on investments. As told by Novogratz: “2022 was a formative year for Galaxy, and while we and our industry faced unprecedented macroeconomic events, we succeeded in staying…

What is an operating system?

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An operating system is the foundation of any computing system, controlling the input and output of data and ensuring that different programs and devices work together effectively. Examples of operating systems include Windows, MacOS, Linux, Android and iOS. Meaning and types of operating system An operating system (OS) is a software program that manages computer hardware and software resources and provides common services for computer programs. It serves as an interface between the computer hardware and software. An operating system’s main responsibility is to manage the computer’s resources, including memory,…

Paradigm Leads $7M Round for Optimism-Based Startup Conduit

Paradigm is one of the titans of the crypto venture capital industry, raising a then-record $2.5 billion for a new fund during the tail end of the bear market in Nov. 2021, which has since been topped by Andreessen Horowitz. Conduit has close ties to Paradigm – Andrew Huang is the brother of Paradigm co-founder and managing partner Matt Huang, who recused himself from the investment process. Andrew Huang also spent eight weeks as an entrepreneur in residence at the firm. Source