Day: April 21, 2023

Procter & Gamble Sees Fiscal Q3 2023 Results Beat Earnings & Revenue Expectations Despite Lower Sales Volumes

According to the CEO of the consumer goods mainstay, Procter & Gamble retains the right strategies to deliver balanced growth. On Friday, April 21, Procter & Gamble (NYSE: PG) reported its fiscal Q3 2023 earnings, which showed the company beat estimates. The multinational consumer goods corporation’s quarterly earnings and revenue came in better than expected, with higher prices counterbalancing lower demand for its products. Following this commendable performance, P&G raised its fiscal 2023 sales guidance and revenue forecast. P&G’s shares were up 2% in premarket trading after the company raised the organic sales…

Ripple Sees Growth Potential in Europe’s Progressive Cryptocurrency Regulation

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Ripple (XRP), a blockchain-based payments platform, has expressed excitement about its continued growth in the European Union (EU) due to the bloc’s progressive approach to cryptocurrency regulation. This contrasts with the United States, where the focus remains on enforcement instead of clarity. According to a Twitter post by Susan Friedman, who is a policymaker in the house of Ripple, the EU has taken a big leap forward in providing a sensible and progressive regulatory framework for the crypto industry, and Ripple intends to take advantage of this positive environment to…

EU Parliament Greenlights Markets in Crypto Assets Law, Tracing Rules – Regulation Bitcoin News

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Members of the European Parliament gave their final approval to a package of EU-wide regulations for crypto assets. The legislators also backed the introduction of mechanisms allowing the tracing of cryptocurrency transactions which will also apply to private crypto wallets above a certain threshold. European Lawmakers Endorse Groundbreaking Crypto Assets Legislation Europe’s new common rules for the crypto space were given the final green light by the European Union’s legislature. The set, known as Markets in Crypto Assets (MiCA), was passed with 517 votes in favor, 38 against, and 18…

Marvel Studios Founder David Maisel Launches Mythos Studios’ First NFT Collection

On May 2 at 10 a.m. PT, the Ekos Genesis Art Collection will kick off a Dutch auction of 995 1/1 NFTs. The date holds special significance for Maisel, as it marks the 15th anniversary of the theatrical release of “Iron Man,” the movie that kicked off the Marvel Cinematic Universe. The Dutch auction will last 88 minutes and bidding will start at 10 ether (ETH), then drop by 0.5 ETH every four minutes until the price hits 0.5 ETH. Finally, it will drop to 0.2 ETH for the final…

Bitcoin Lightning Network is 1,000x cheaper than Visa and MasterCard: Data

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Fresh data from Glassnode demonstrates that Bitcoin’s (BTC) Lightning Network is significantly cheaper to use than legacy payment networks. The median fee rate, or the cost of sending value across the Lightning Network, is 0.0029%, 1,000 times cheaper than that of MasterCard of Visa payment processors.  James Check, lead analyst at Glassnode, told Cointelegraph that the median fee rate, or the fee charged per 1 BTC sent across the Lightning Network, is currently 3,000 Satoshis (the smallest unit of Bitcoin). That is “equivalent to $0.84 to send $28,800 worth of…

Twitter Stripes Many High-Profile Users of Blue Checks

For the Twitter Blue subscription, only individuals retain the Blue Check while organizations that subscribed to the service will be given a yellow tick. Yesterday was a historic day for American multinational micro-messaging platform Twitter Inc as it striped its previously verified users of their Blue check marks. While the move has been tagged by many critics as a rude and dangerous precedent to set, the removal of the Blue Checks has been lauded by proponents in one of the hottest debates in the history of the social media ecosystem.…

Arthur Hayes’ Exit Liquidity Article Explores America’s Position as Global Reserve Currency Issuer

BitMEX co-founder Arthur Hayes examines de-dollarization and its fiscal and political implications in an article titled ‘Exit Liquidity.’   Former BitMEX CEO Arthur Hayes recently aired his views on exit liquidity vis-à-vis the US dollar’s reserve currency status. In a Medium blog post, the American entrepreneur wrote exhaustively on whether the US dollar can be replaced as the global reserve currency. Additionally, Hayes debated whether China or any other powerful nation would be willing to and capable of replacing the US as the global reserve currency issuer. In his ‘Exit Liquidity’ writeup, Arthur Hayes…

The game theory of Bitcoin and cryptocurrencies

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The unique characteristics of cryptocurrencies make them an interesting subject for game theory analysis, as they can help explain the incentives and behaviors involved in trading and investing. This article discusses the concept of the prisoner’s dilemma, mining cryptocurrencies and blockchain forks that are relevant to the game theory of Bitcoin and cryptocurrencies. Introduction to game theory and cryptocurrencies Game theory is a mathematical framework that helps explain decision-making in strategic situations. Cryptocurrencies, like Bitcoin (BTC), have become a popular subject for game theorists due to their decentralized nature and…

Bitcoin’s fall meets mining milestones

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The turbulence in the crypto market has recently intensified, as bitcoin (BTC) took a nosedive below $28,000, marking a decline of over 9% from its 90-day high of $31,005 on April 14.  As of April 20, BTC hovers around $28,044, leaving investors and traders to ponder the factors contributing to this decline.  Amid this price drop, bitcoin’s mining difficulty has skyrocketed to record levels, creating a fascinating contrast that deserves further exploration. BTC 24-hour price chart…

Tether Mints Massive One Billion USDT Stablecoins on Ethereum Extending Its Market Dominance

Tether CTO Paolo Ardoino called the minting of the new stablecoins as part of replenishing its inventory. USDT-stablecoin issuer Tether is making yet another move to extend its dominance in the $132 billion stablecoin market. Last night, Tether announced the minting of another one-billion USD-pegged token on the Ethereum blockchain network. Tether CTO Paolo Ardoino called the minting of the new stablecoins as part of replenishing its inventory. He further added that it was “an authorized but not issued transaction, meaning that this amount will be used as inventory for…