Month: March 2023

Turkish Crypto Startup Metatime Pulls $11M in New Funding

When it finally goes live, Metatime will be competing with the likes of established crypto exchanges serving the Turkish community including Coinbase-linked BtcTurk, Bitay, and Paribu amongst others. Turkish digital currency startup Metatime has raised the sum of $11 million in a new funding round as it looks to double down on protocol development. As reported by The Block, the funding round took place in two token sale rounds with some of the biggest investors from Turkey, Denmark, and Germany participating. Turkey’s investment firm Yildiz Tekno GSYO took part in…

DMCC Enters Partnership with Enya Labs and Boba Network to Strengthen Its Global Crypto Network

UAE’s largest free-trade zone DMCC recently struck a partnership with Enya Labs to enhance its DMCC Crypto Center further.  Leading decentralized infrastructure solutions developer Enya Labs has entered a partnership with Dubai Multi Commodities Center (DMCC). The collaboration between the Boba Network core contributor and DMCC seeks to further consolidate the latter’s crypto center ecosystem. By significantly supporting Boba-leveraged Web3 and blockchain business growth in Dubai, the Enya Labs and DMCC partnership could enable smarter applications. Boba Network is the only hybrid blockchain capable of delivering off-chain data and computing.…

XRP Hits 2-Month High, Despite Crypto Consolidation – Market Updates Bitcoin News

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Xrp rose to a two-month high on March 21, despite crypto markets mostly consolidating in today’s session. The token surged by as much as 12% on Tuesday, whilst the global market cap is trading 0.51% higher as of writing. Cardano was also in the green today. XRP, formerly ripple, was one of Tuesday’s biggest movers, as prices rose by as much as 12%. XRP/USD hit an intraday peak of $0.4283 earlier in today’s session, a day after trading at a low of $0.374. As a result of Tuesday’s move, xrp…

Caitlin Long says bitcoin works as insurance amid ongoing bank runs

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Caitlin Long, the CEO of Custodia bank, said in a recent interview with CNBC that investing in bitcoin (BTC) is an insurance policy given its incredible performance amidst an ongoing bank crisis.  In the interview, Long said that although she could not make a price prediction like Balaji Srinisavan, who said that BTC would hit $1 million in 90 days, she agrees more people are waking up to the instability of the traditional financial system and are looking to bitcoin. Long said that BTC is bullish because stablecoins are losing…

IRS Seeks to Tax NFTs Like Other Collectibles

The U.S. Internal Revenue Service is considering whether to tax non-fungible tokens (NFTs) on a par with other collectibles such as stamps, works of art and fine wine, in a move likely to have an impact on those including the digital assets within their retirement plan, according to a document published Tuesday. Source CollectiblesIRSNFTsSeeksTax CryptoX Portal

Congressional privacy proposals could kill scores of blockchain projects

With public trust in large tech companies at an all-time low, Congress is once again considering comprehensive data privacy legislation. But the rise of blockchain technologies and the nascent decentralized web mean that these comprehensive proposals are already behind the times. Without major revisions, these legislative proposals risk strangling decentralizing technologies in the cradle.  The 118th Congress has held many hearings on data privacy, and it is crucial that lawmakers consider how their proposals might impact technological innovation. In order to properly balance conflicts between individuals’ right to control their…

DeFi insurance payouts amounted to $34.4M in 2022: Report

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According to a Mar. 21 report published by decentralized finance analytics firm OpenCover, DeFi insurance companies paid out $34.4 million in claims in 2022. In context, only $36.9 million of such claims have been paid out since OpenCover began tracking the data. Notable payouts include $22.5 million during the collapse of the Terra Luna ecosystem in May 2022 and $4.7 million from the collapse of crypto exchange FTX in November 2022.  Despite the surge in payouts, OpenCover said only $231 million worth of funds in DeFi protocols had been insured…

These 3 Cointelegraph Markets Pro alerts generated a cumulative profit of over 100%

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Last week, Cointelegraph Markets Pro, an institutional-grade crypto intelligence and alerts platform, provided subscribers the opportunity to trade three coins that embarked on momentum-fueled price moves.  The advanced data analysis tools at Cointelegraph Markets Pro used three alert systems to highlight these coins. Newsquakes™, which inform traders of potentially price-moving news alerts in real time, was triggered by Sommelier (SOMM) on Friday, March 17. The Twitter Volume indicator, which measures a project’s mentions and activity on the social media platform Twitter, exposed Immutable X (IMX) as a potential candidate for…

7 real-world cloud computing examples to know

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Cloud computing has become an important part of our lives, whether we realize it or not. Many of the services and applications we use on a daily basis, such as messaging and streaming music and video, are powered by cloud computing.  Here are real-world cloud computing examples to know. Netflix Netflix uses cloud computing to provide streaming services to millions of users worldwide. By hosting its content on cloud servers, it can ensure reliable and scalable delivery to a global audience. Netflix uses a variety of cloud computing services and technologies,…