The Sui Network is adjudged to be a protocol that makes digital asset ownership fast, private, secure, and accessible to everyone. American token launchpad and trading platform CoinList is set to list SUI, the native token of the much anticipated Sui Blockchain network. As announced by the trading platform, the listing will take place on May 3 which will coincide with the scheduled date that the Sui network will be launching its mainnet. “Our mission at CoinList is to empower builders at any stage in their journey, and connect them…
Day: April 27, 2023
Deutsche Bank Posts Q1 2023 Results to Earn 11th Consecutive Quarterly Profit amid Global Banking Crisis
German banking powerhouse Deutsche Bank posted commendable Q1 2023 figures and remained on track to outperform revenue growth targets. Deutsche Bank registered its 11th straight quarterly profit according to its Q1 2023 earnings report released Thursday. For the period-ended March 31st, the German banking giant posted a net profit of 1.158 billion euros, or $1.28 billion. In addition, Deutsche’s net profit attributable to shareholders also comfortably surpassed the consensus estimate of 864.54 million euros, up from Q1 2022’s 1.06 billion euros. Deutsche’s first-quarter revenue came in at 7.7 billion euros, up from the…
First Mover Americas: Lots of Bitcoin Futures Traders Cash Out
The latest price moves in bitcoin (BTC) and crypto markets in context for April 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
DAO of DeFi Protocol PancakeSwap Votes For “Aggressive Reduction” of CAKE Token Inflation
The “version 2.5” tokenomics proposal would move CAKE toward a “deflationary model” by slashing the token rewards paid to traders and stakers by over 68%. The so-called CAKE “emissions” on Syrup Pool, PancakeSwap’s main liquidity pool on BNB Smart Chain, would drop by 94% under the proposal. Source
Standard Chartered’s Zodia raises $36M
Global banks continue to expand their cryptocurrency-related capabilities, with the British multinational bank Standard Chartered raising new funding for its crypto platform Zodia. Standard Chartered-backed crypto custody subsidiary Zodia Custody has raised $36 million in a new series A funding round, Bloomberg reported on April 27. Japanese financial conglomerate SBI Holdings has led the fundraise, becoming Zodia’s second-largest shareholder, Zodia Custody CEO Julian Sawyer reportedly said. Prior to the funding round, London-headquartered Zodia was backed exclusively by Standard Chartered and Northern Trust, with Standard Chartered owning a 90% stake in…
Bitcoin advocate cracks known 12-word seed phrase in minutes
A systems architect cracked a seed phrase and won a 100,000 Satoshi bounty, or 0.001 Bitcoin (BTC), worth $29, in just under half an hour. Cointelegraph spoke to Andrew Fraser in Boston, who underscored how critical it is to keep a Bitcoin wallet seed phrase secure and offline. A seed phrase or recovery phrase is a string of random words generated when a wallet is created that can access the wallet, similar to a master key. Fraser brute forced a 12-word seed phrase that Bitcoin educator “Wicked Bitcoin” shared on…
Cross-Chain Bridge Stargate's Volume Soars as Airdrop Hunters Set Sights on LayerZero Token
Volume on the Stargate cross-chain bridge has surged by 30% in the past 24-hours as investors attempt to meet the criteria for a rumored LayerZero airdrop. Source
BTC Price’s Negative Correlation With Dollar Index Strengthens Ahead of U.S. GDP Data
“The market eyes growth at 2% – shouldn’t move markets too intently given the backward nature of the data point – would need to be a big beat/miss to the move rates expectations and the USD, gold, Nasdaq,” Chris Weston, head of research at foreign-exchange brokerage Pepperstone, said in a tweet. Source
Iskra Ranks #1 on Dapp Radar Setting the Pace for World of Win’s IGO – Press release Bitcoin News
press release PRESS RELEASE. Web3 game company Iskra unveils the release of its own launchpad for games, the Iskra Launchpad, with World of Win set to be the first project to conduct its initial game offering (IGO) on the platform. The release of the Iskra Launchpad comes right after Iskra dominated the number one spot on DappRadar’s blockchain games dapp rankings for all periods – 24 hours, 7 days, and 30 days – with 669.27k UAW as of writing and cited as one of the best-performing games dapp for March…
Stablecoin Reserves Need to Be Diverse, European Banking Authority Chief José Manuel Campa Says
The bloc’s Markets in Crypto Assets rules, known as MiCA, are set to take effect as of 2024, but crypto market players should start adjusting their operations now, said José Manuel Campa, whose agency will play a key role in its implementation by drafting subsidiary legislation. Source