CoinFund and Superscrypt led the round for the cross-chain bridge and decentralized exchange aggregator. Source
Crypto Startup Li.Fi Raises $17.5M in Funding Round
Day: April 3, 2023
Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token – Altcoins Bitcoin News
On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed 1:1 with the leading cryptocurrency asset. On Monday, Dfinity detailed that the technology “builds on the protocol-level integration with the Bitcoin network.” Breaking Away from Custodians and Bridges: The Benefits of Chain-Key Bitcoin’s Smart Contract-Based System On Twitter, the Dfinity Foundation announced the full release of chain-key bitcoin, also known as ckBTC. “Proposals 115468, 115470 &…
Potential Fed pivot has crypto and macro analysts ultra-bullish on Bitcoin’s price prospects
The United States Federal Reserve began its most aggressive quantitative tightening efforts in March 2022, raising benchmark interest rates in the year since from near-zero to 4.75% to 5% annually. While the central bank has successfully brought down inflation to some degree, the increasing interest rates are starting to cause cracks in the global banking industry. The market expects the Fed to end quantitative tightening and provide favorable liquidity conditions to avoid a global financial crisis as the banks begin to fail. The shift in the Fed’s policy should have…
Polygon’s Mission ‘Has Always Been Mass Adoption of Web3,’ Co-Founder Says
Nailwal said that reaching mass adoption will ultimately come down to the benefits that Web3 applications can provide, such as self-custody and the ownership of digital collectibles. Starbucks’ Odyssey program, for instance, combines customer loyalty rewards with NFTs, as well as gamified elements. Source
Elon Musk changes Twitter icon to Doge after seeking lawsuit dismissal
On Apr. 3, social media giant Twitter changed its icon to that of the symbol on the popular meme token Dogecoin (DOGE). Just two days prior, Elon Musk, CEO of Twitter and Tesla, asked a U.S. judge to dismiss a $258 billion lawsuit filed by investors alleging the operation of a pyramid scheme to promote Dogecoin. The Twitter icon as it appears at the time of publication (Twitter) Dogecoin is up sharply in light of the news, with its price surging by more than 22% in the past hour to…
Dogecoin Gains 12% After Token's Symbol Replaces Blue Bird as Twitter Logo
CryptoX – Cryptocurrency Analysis and News Portal DOGE jumped more than 10% on Tuesday afternoon after the move. Source The post Dogecoin Gains 12% After Token's Symbol Replaces Blue Bird as Twitter Logo appeared first on CryptoX. CryptoX Portal
Amber Group’s Ex-U.S. CEO Raazi Joins EDG, a Digital-Asset Structured Product Firm
“It’s a natural next step after leading Amber’s expansion in the Western hemisphere, which was focused on regulatory compliance,” Raazi said in the statement. “With 25 years of sales and trading leadership experience, in both New York and London, at Goldman Sachs and at start-ups, I’ll be helping the EDG team grow a compliant and dynamic derivatives and structured products business.” Source
Bitquery’s New Streaming API is Changing Web3 Infrastructure Space – Sponsored Bitcoin News
sponsored Bitquery launched its Streaming API in early March, giving users to access blockchain data in real time. With Bitquery’s APIs, Web3 builders have had access to extensive data from over 40+ blockchain networks. As the demand for blockchain data continues to grow, Bitquery has been at the forefront of providing reliable and comprehensive data to its users. The Streaming API is the latest addition to Bitquery’s suite of APIs, offering a fast and efficient way to access real-time blockchain data. With a free developer account, you can easily create…
DOGE Soars After Elon Musk’s Twitter Replaces Its Blue Bird Logo With the Token’s Dog
Musk has frequently touted DOGE, suggesting the meme coin may offer better payments functionality than bitcoin (BTC). In January the Financial Times reported that Twitter was designing a system to permit payments through the social-media platform. While Musk, who is the CEO, wanted Twitter “first and foremost” to be for fiat currencies, he sought the ability to add cryptocurrencies – a story that gave the price of DOGE a lift. Source
Sen. Warren’s ‘Anti-Crypto Army’ Is Just the Beginning of Crypto’s Politicization
As the 2024 U.S. election cycle approaches don’t be surprised to hear politicians discussing bitcoin, crypto and CBDCs. Source