Day: April 27, 2023

False Trigger about Mt. Gox Bitcoin Wallet Transfer Tanks BTC Price to $27,000 but It Recovers Fast

Arkham Intelligence issued a clarification that a bug caused to send the alerts regarding Mt. Gox and Us government selling Bitcoin. The BTC price recovered fast after the clarification. Over the last 48 hours, the Bitcoin price witnessed massive volatility sending jitters across the entire investor community. Earlier this week on Tuesday, the Bitcoin price shot up all the way to $30,000 following the news of a crisis-like situation at the First Republic Bank. But during Wednesday’s trading session, Bitcoin faced strong selling pressure with the BTC price tanking all…

Crypto Wallet Giddy Raises $6.9M in Funding to Further Self-Custody Adoption

“Crypto users understand now, more than ever, that there are serious risks with a third-party holding their tokens for them,” Giddy said in its statement. “Crypto, at its core, is about taking back control of your finances and embracing financial freedom, but this cannot happen as long as the mainstream continues to rely on centralized, custodial, trust-based platforms.” Source 6.9MadoptionCryptofundingGiddyRaisesSelfCustodyWallet CryptoX Portal

11 industry leaders discuss effective ways to ensure compliant staking

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As even late-night talk show hosts begin to weigh in on events in the crypto industry, it’s clear the public is increasingly paying attention to both the potential and challenges of investing in crypto. Of even more immediate concern to crypto companies, though, are the questions around the type and number of legislative guardrails lawmakers will inevitably impose. As regulators start to eye staking protocols, companies must ensure they engage in the ongoing work of ensuring that their staking is compliant. Below, 11 members of Cointelegraph Innovation Circle discuss effective…

Comcast Shares Up 3% after Impressive Q1 2023 Report

The company said its Peacock subscribers grew by more than 60% or 22 million compared year-over-year. American telecommunications and media giant Comcast Corporation (NASDAQ: CMCSA) has shared a better-than-expected first quarter (Q1) performance report. According to the company’s report, it recorded a total revenue of $29.69 billion for the quarter, a figure that is larger than the $29.3 billion expected from Refinitiv’s analysts. Comcast’s history dates back to the 1960s and the company has evolved to be one of the most dominant providers of mainstream telecom services in the United…

The US Should Lead the Digital Future of Money

As I say in my recent book, “CryptoDad – the Fight for the Future of Money,” money is too important to be left to central bankers. And, by that, I mean no disrespect. It is just that money is as much a social construct, as it is a government one. The success of fiat money derives from the trust and consent of the ordinary citizens who place value in it. The public has every right, if not a duty, to engage in discussion over what characteristics should be present in…

Binance CEO CZ Is on Bloomberg’s ‘New Finance Rich List’

While Bloomberg says the Binance head is worth $28.2 billion, Forbes says Zhao’s net worth as of April 27 is $10.5 billion. According to Bloomberg, Binance CEO Changpeng Zhao, also called CZ, is one of the “25 financial titans” that amassed their wealth through the business of lending, trading, or investing money. The report explains that computer-driven trading companies are the backers of the new generation of ultrarich, to which the Binance chief belongs. Binance CEO CZ Makes New Finance Rich List Bloomberg stated that CZ is worth $28.2 billion,…

Phantom Wallet CEO explains why wallets must move to be multichain

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Wallets have always been a key topic in the cryptocurrency industry because of their essential role in adoption. As the crypto world evolves and enters the multichain phase, wallets may need to operate differently. In Episode 16 of Hashing It Out, Phantom Wallet CEO Brandon Millman joins Elisha Owusu Akyaw to discuss how wallets are adapting to the cryptocurrency space’s multichain nature. Millman also shares his thoughts on airdrops for wallet applications, regulations and what a multichain landscape means for adoption. Before Phantom, Millman had prior experience building decentralized tools.…

Got liquidated with Bitcoin futures? Get 3.5x leverage using this options strategy

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Bitcoin (BTC) bulls might be disappointed after the $31,000 resistance proved stronger than expected on April 14. However, looking at a broader time frame, Bitcoin has been the best-performing asset in 2023, gaining over 74% year-to-date at $29,000. Positioning for weaker dollar, debt ceiling It is worth noting that gold is merely 4% behind its all-time high, likely indicating a weaker U.S. dollar as investors increase the odds of recession and further fiscal turmoil for the world’s biggest economy. Behind the bullish price momentum for Bitcoin are the weakness in…