Day: April 5, 2023

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says – Bitcoin News

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An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia Prepares to Trade With China in National Currencies, Limit Reliance on Dollar China is open to talks with Malaysia on a decades old proposal to set up an Asian Monetary Fund that can reduce reliance on the U.S. currency, Malaysian Prime…

MEV Blocker Wants to Help You Outrun the Front-Runners

With its endpoint, MEV-Blocker aims to give power back to regular users – providing them a way to not just circumvent the most common MEV attacks, but also to profit from less offensive MEV strategies. It was jointly created by CoW Protocol, Beaver Build and Agnostic Relay – some of the larger players in Ethereum’s MEV ecosystem. Source

Ethereum projects unite to protect users from MEV-induced high prices

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Over 27 prominent Ethereum projects joined hands to launch MEV Blocker, a solution that aims to tackle and minimize the amount of value extracted from their users, a.k.a maximally extractable value (MEV) — Ethereum’s invisible tax.  MEV is a tax imposed on decentralized finance (DeFi) users on transactions. MEV bots can hijack transactions midway, such as Ether (ETH) trades, nonfungible token (NFT) purchases and ENS registrations, and inflate prices for the users. MEV Blocker was jointly developed by CoW Swap, Agnostic Relay and Beaver Build as a free and censorship-resistant…

Ralph Lauren and other luxury brands accepting bitcoin in 2023

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The fashion industry is not excluded from crypto adoption: Ralph Lauren has recently started accepting crypto payments. In this article, we look at luxury brands that allow crypto payments. Fashion brands accepting crypto  Ralph Lauren Ralph Lauren, an American publicly traded fashion heavyweight and luxury brand established in 1967, joined forces with BitPay to add support for crypto payments at its new Miami Design District store. With the partnership, customers of the luxury brand in the crypto-friendly city of Miami will now be able to pay for their purchased fashion…

Samsung Quarterly Profit Set for 92% Crash Not Seen in 14 Years as Memory Chip Surplus Continues

Analysts say that expected figures from Samsung will likely reveal a heavy crash in operating profit as the company struggles to sell chips. Samsung Electronics Co Ltd is expected to see an unprecedented crash in first-quarter profit. According to a Reuters publication, Samsung will likely suffer its worst profit crash in 14 years as it struggles with excess memory chip production. Samsung is currently unable to sell its memory chips as demand continuously wanes. The general market awaits Samsung’s preliminary first-quarter results this week, with detailed results expected later in the…

NFT Creator, Sarah Zucker – Cointelegraph Magazine

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As a Millennial who remembers the world before digital devices and the internet were everywhere, Sarah Zucker — aka The Sarah Show — is fascinated by the accelerated transition society at large is going through. “I feel as a Millennial that I’m part of this generational cohort that’s in this very unusual experience of having had an analog childhood and now living a digital future,” says Zucker.  “I’m specifically using tools of the recent past like analog TVs to take people out of our present moment and create this different…

BTG Pactual Launches Its Stablecoin on Polygon

Like many stablecoins, BTG Dol token is also pegged to the US dollar. Latin America’s biggest investment bank, BTG Pactual, has just announced the launch of its own stablecoin – BTG Dol. According to an official statement from the bank, the stablecoin will run on the Polygon network and is already available to clients. The bank’s choice of blockchain network does not exactly come as a surprise though. This is considering that Polygon is compatible with Ethereum and backs several major brands including Disney and Starbucks.  It might also be…

Tether ‘unequivocally reiterates’ no exposure to Signature Bank

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After a Bloomberg article alleged exposure between stablecoin provider Tether and the now-collapsed Signature Bank, rumors began to circulate regarding the involvement between the two companies.  However Tether immediately reached out to clarify the claims made in the original article. In an email sent to Cointelegraph among other outlets, Tether gave an official response to the situation in which it said it wants to “unequivocally re-iterate that it has no exposure to Silvergate, Silicon Valley Bank and Signature Bank.” The stablecoin issuer went on to highlight a section of the…

Tokenized Gold Market Cap Passes $1B as Investors Seek Safe-haven Asset

The rise in gold prices has been attributed to mounting speculation about the United States Federal Reserve’s future policy following the release of jobs data. The total market capitalization of tokenized gold has surpassed $1 billion. CoinGecko data places it at $1.02 billion, up 2.3% over the past 24 hours, with a trading volume of $35,508,696 over the same period. The largest gainers are PAX Gold and Tether Gold with gains of 2.7% and 1.9% respectively. Both are currently trading over $2,000, with PAX Gold at $2,036 and Tether Gold…

BTC Moves Above $28,500 as ETH Nears $2,000 – Market Updates Bitcoin News

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Bitcoin broke out of a resistance level of $28,500 on April 5, as crypto markets continued to react to economic data from the United States. Job openings in the U.S. fell below 10 million for the first time since 2021, which comes as employers began to reduce hiring efforts. Ethereum moved closer to $2,000, hitting a fresh eight-month high today. Bitcoin Bitcoin (BTC) broke out of a key resistance level on Wednesday, with traders now targeting a move beyond the $29,000 mark. Following a low of $27,979.75 on Tuesday, BTC/USD…