Day: April 3, 2023

Web3 builds while the city burns

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Paris Blockchain Week celebrated its fourth edition in spring 2023 against a backdrop of riots, protests and general civil malaise. The builders in the Bitcoin (BTC), crypto, and Web3 spaces were unfazed by protesters chanting and dancing on the doorstep of the conference venue.  The event took place against the backdrop of ongoing protests in Paris and worsening macroeconomic conditions in France. Many attendees expressed concern about the impact of these factors on the future of the blockchain and crypto industry, particularly in Europe. Nevertheless, the overall mood at PBW…

BMLL Adds 3 Asian Exchanges to Expand Data Coverage

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BMLL, an independent provider of historical Level 3 data and analytics for global equity and futures markets, has expanded its coverage by adding Asian markets. It added Level 3 data from CBOE Japan, Japannext, and Singapore Exchange. Announced on Monday, the recent expansion complemented the already available equities and ETF data for Tokyo Stock Exchange within the BMLL product suite. Paul Humphrey, the CEO of BMLL, stated: “The demand for high-quality historic market data has grown exponentially as participants need to understand market or venue behaviour across the US, EMEA,…

April Seasonality in Favor of Bitcoin and Stocks

“The recent bull rally in U.S. stocks should have positive spillover effects for crypto as well – especially since we are now entering the month of April, which has been strong for U.S. stocks (SP500 +2.6%, Nasdaq +2.9%), Bitcoin +17%, and Ethereum +46%,” Markus Thielen, head of research and strategy at Matrixport, said. Source

Buterin weighs in on zk-EVMs impact on decentralization and security

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Ethereum co-founder Vitalik Buterin wants to see zero-knowledge Ethereum Virtual Machines (zk-EVMs) built on Ethereum’s first layer to speed up the verification process on the base blockchain. Buterin explained in a March 31 post that it’s possible to integrate a zk-EVM on the base layer without compromising on decentralization and security. The technology enables Ethereum Virtual Machines to execute smart contracts on the blockchain with ZK proofs. How will Ethereum’s multi-client philosophy interact with ZK-EVMs?https://t.co/MPpTPNhldR — vitalik.eth (@VitalikButerin) March 31, 2023 Ethereum was developed with a “multi-client philosophy” to ensure…

ChatGPT and AI must pay for the news it consumes: News Corp Australia CEO

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The creators of artificial intelligence (AI) fuelled applications should pay for the news and content being used to improve their products according to the CEO of News Corp Australia. In an April 2 editorial in The Australian, Michael Miller called for “creators of original journalism and content” to avoid the past mistakes that “decimated their industries” which he claimed allowed tech companies to profit from using their stories and information without compensation. Chatbots are software that ingests news, data and other information to produce responses to queries that mimic written…

Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey – Finance Bitcoin News

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The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds. Russia’s Central Bank Evaluates Cryptocurrency Holdings of Russian Households The Central Bank of the Russian Federation (CBR) has published estimates about the digital assets held by the population in the newest edition of its report on household finances. The survey is conducted once every two years since 2013 and the latest results…

‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks – Economics Bitcoin News

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Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel Roubini, also known as “Dr. Doom,” shared an opinion editorial on April 1 via MarketWatch. The article discusses turmoil in the U.S. banking sector, and Roubini highlights how banks in America carry unrealized losses on securities amounting to…

Arbitrum to break up governance votes after community backlash

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Ethereum layer 2 solutions provider Arbitrum has backtracked on its governance voting system following community backlash from token holders. On April 2, the Arbitrum Foundation tweeted that its first governance proposal, AIP-1, “likely will not pass” and added its “committed to addressing the feedback received from the community.” The move will break up the debatable governance package into smaller segments. The team noted: “AIP-1 is too large and covers too many topics. We will follow the DAO’s advice and split the AIP into parts. This will allow the community to…

Bitcoin Ordinals daily inscriptions surge due to ‘BRC-20 tokens’

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A new daily all-time high (ATH) has been recorded for the number of Ordinals inscribed on the Bitcoin (BTC) network due to a recently launched “token standard” for the blockchain. Bitcoin Ordinals reached 58,179 inscriptions on April 2, smashing the previous all-time high (ATH) of 31,692 on March 9 by 83.5% according to Dune Analytics data. The surge is believed to be driven by the recent creation of “Bitcoin Request for Comment” (BRC-20) tokens on the Ordinals protocol by a pseudonymous on-chain analyst named Domo in early March. Daily count…