In the Discord post, Eli_DeFi said that 750 million ARB token allotment will now be subject to a standalone vote. “We’re working on options to add more accountability,” he said, noting Foundation tokens will not be used in votes. (The current vote treats the Foundation’s power over that sum as a foregone conclusion; it started spending and sending tokens even before passage). Source
The market witnessed a major banking crisis in March as Silicon Valley Bank and Signature Bank failed and Silvergate Bank entered liquidation as the result of dire financial distress. In Europe, the government brokered a forced takeover of Credit Suisse by UBS. Still, the United States equities markets and the European stock markets closed the month on a positive note. The cryptocurrency market was also shaken by volatility, but Bitcoin (BTC) gained about 23% in March. Going forward, the picture looks encouraging for Bitcoin bulls in April and data from…
Sales of Donald Trump’s digital collectibles surged following the news of his indictment in New York on Thursday. Meanwhile, a report revealed that the market for non-fungible tokens (NFTs) has seen its strongest quarter since early last year, reaching a trading volume of $4.7 billion, despite a weaker March. Trump NFTs Spike as Former President Gets Indicted The Official Trump Digital Trading Cards have registered a surge in sales, according to data from the NFT market Opensea, following the news that the 45th United States President has become America’s first…
Crypto companies are facing difficulties accessing banking services in the United Kingdom, according to multiple sources interviewed by Bloomberg. The few banks still working with crypto firms are requesting more documentation and information about how they monitor client’s transactions. Challenges include having applications rejected, accounts frozen, and being overwhelmed with paperwork. Crypto companies have even complained to the government of Prime Minister Rishi Sunak, as the situation worsened in the past weeks. The move goes in the opposite direction of Sunak’s plans to prioritize financial technology disruption and make the…
The Business Source License (BSL) for the Uniswap v3 protocol expired on April 1. Developers can now fork it, protocol documentation shows. The decentralized finance (DeFi) industry has eagerly awaited this expiration as it would allow developers to deploy their decentralized exchanges (DEX) using Uniswap v3 code. Uniswap v3 license replaced with a GPL The BSL is a license created to safeguard the author’s ability to profit from their works and lasts typically for a specific amount of time before being fully open source. BSL is a substitute for open-core…
Shanxi police in China have arrested a criminal gang involved in manufacturing and distributing fake cryptocurrency wallets. The gang had been distributing fake wallet Android Package kit (APK) installation packages through popular messaging apps. The gang distributed counterfeit wallet APK installation packages through well-known messaging apps like WeChat and Telegram and bought search engine advertising to mimic the legitimate TokenPocket website. Following this, they lied to victims to download fake wallets, after which users lost their crypto assets. The Shanxi police in China recently arrested a criminal gang that manufactured…
Multiple factors have driven the development of artificial intelligence (AI) over the years. The ability to swiftly and effectively collect and analyze enormous amounts of data has been made possible by computing technology advancements, which have been a significant contributing factor. Another factor is the demand for automated systems that can complete activities that are too risky, challenging or time-consuming for humans. Also, there are now more opportunities for AI to solve real-world issues, thanks to the development of the internet and the accessibility of enormous amounts of digital data.…
Famed “Big Short” investor Michael Burry tweeted Thursday, telling his 1.4 million followers, “I was wrong to say sell.” The tweet follows Burry’s warning for months that the U.S. was headed for an “extended multi-year recession” and his decision to dump all of his stocks but one in August 2022. Burry: ‘I Was Wrong to Say Sell’ Michael Burry, known as “Cassandra B.C.” on Twitter, is well-known for his predictions. He famously predicted and profited from the subprime mortgage crisis of 2007-2008. Burry’s unconventional investment strategies led to fame when…
Ethereum’s native token, Ether (ETH), eyes a run-up toward $3,000 in Q2 2023 after wrapping the previous quarter with 55% gains. ETH price nears potential breakout The price of Ether has more that doubled after bottoming out in June 2022 at around $880, weathering a slew of negative events, including the FTX exchange collapse, interest rate increases, and stricter U.S. regulations. In doing so, ETH/USD has painted an ascending triangle, confirmed by its rising trendline support and horizontal level resistance. The pattern suggests aggressive buying as lows get steadily higher…
Cryptocurrency can offer diverse investment opportunities. Though the industry has posted successes, some investors still face challenges in what crypto to buy. But this can be answered with an apt understanding of crypto and thorough research. Various altcoins can be considered in this quest. Projects like DigiToads (TOADS) can be an option. This altcoin has been outperforming competitors like axie infinity and filecoin in recent days. This article examines altcoins like digitoads, axie infinity, and filecoin and their investment rewards. Digitoads boosting investment rewards Digitoads is an Ethereum-based altcoin that utilizes…