Day: April 26, 2023

Web3 social media protocol launches ‘layer 3’ to provide instant posts

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The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores posts, comments and shares, taking this data off the Polygon network and thereby increasing scalability for Lens, according to an April 26 announcement viewed by Cointelegraph. Introducing Bonsai, an Optimistic L3 scaling solution, that will process transactions at hyperscale, and is designed to support the next generation of web3 social users. Available for Lens devs in closed…

Bitcoin hovers around $28k after First Republic Bank stock tanks

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin is trading around the $28,000 mark, after trading higher. The churn comes after news that the First Republic Bank is close to seizure by U.S. authorities. BTC was over $28,000 mark Bitcoin bulls have reemerged, following the recent decline, to push the price above the $28,000 mark. BTC is trading at $27,984, up 2% over the last 24 hours. Notably, the surge, similar to the aftermath of the Silicon Valley Bank and Signature Bank’s downfall,…

Cathie Wood’s ARK Invest Accumulates More Coinbase Stock (COIN) As Crypto Exchange Goes Against SEC

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Cathie Wood’s ARK Invest added more than 157,000 Coinbase (COIN) shares this week as the top US crypto exchange goes on the offensive against the U.S. Securities and Exchange Commission (SEC). On Monday, three of ARK Invest’s funds made separate purchases of COIN shares worth a combined $6.98 million at time of writing. Coinbase shares currently make up 4.74% of ARK’s combined portfolio. The three funds’ estimated cost averages for COIN are $239.60, $254.65, and $242, all of which are far greater than Coinbase’s current share price, which currently sits…

Google Trends Shows Surge in How to Buy Gold and Bitcoin Searches Amidst US Banking Upheaval – Bitcoin News

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In the midst of the banking upheaval in the United States, Google Trends has revealed a notable surge in searches related to the acquisition of gold, with the search query reaching a perfect score of 100 during the first week of April 2023. Similarly, the search term “how to buy bitcoin” reached the same score two weeks earlier, on March 20, 2023. 90-Day Stats From Google Trends Highlight Interest in How to Buy Gold and Bitcoin Over the past six months, the value of gold has soared by an impressive…

The Future of the Crypto Industry Is Regulated

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Bahamas securities watchdog presents comprehensive new draft digital assets act

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The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2023 on April 25. The sweeping bill will undergo a consultation period with the goal of enacting it by the end of the quarter. The 2023 bill updates the DARE Act of 2020. Work on the bill began in April 2022, with the Hogan Lovells law firm engaged to draft it. SCB Executive Director Christina Rolle said: “Once passed, DARE 2023 will be among the most advanced pieces of digital asset-legislation…

Romania to launch national NFT marketplace: Nifty Newsletter, April 19–25

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In this week’s newsletter, read about how Romania plans to drive Web3 adoption in the country using NFTs. Check out how Sotheby’s will auction off some NFTs of the collapsed crypto hedge fund Three Arrows Capital. In other news, find out how games and tokenization are driving the maturation of the NFT space and how a second batch of Trump NFTs sold out a day after launch. And don’t forget this week’s Nifty News featuring Yuga Labs’ victory in court. Romania plugs into Web3 with national NFT marketplace Romania’s National…

Deloitte seeks crypto experts | Blockchain News

Big Four accounting firm Deloitte is ramping up its crypto expertise, actively seeking individuals with cryptocurrency knowledge to join its team. While other “Big Four” accounting firms like Ernst & Young, KPMG, and PricewaterhouseCoopers have no crypto-related job openings, Deloitte has over 300 in the United States alone, with almost all of them posted just a week ago on LinkedIn. Deloitte has several job titles related to cryptocurrency, such as Blockchain & Digital Assets Manager, which is available in 97 different locations across the United States. Other job titles include…

CertiK to launch compensation plan for $2M Merlin DEX exploit

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Blockchain security firm CertiK is launching a compensation plan to cover the $2 million lost during a public sale of decentralized exchange Merlin’s MAGE token. In a statement to Cointelegraph on April 26, CertiK reiterated it is investigating the exit scam and has also enlisted the remaining Merlin team to initiate the compensation plan. It said: “Initial investigations indicate that the rogue developers are based in Europe, and CertiK will collaborate with law enforcement authorities to track them down if direct negotiation is unsuccessful.” The blockchain security company is urging…