The latest price moves in bitcoin (BTC) and crypto markets in context for April 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Orbs, a public blockchain infrastructure designed for mass usage applications and close integration, has announced the release of the single nominator smart contract for validators in the Telegram Open Network (TON), a decentralized layer-1 blockchain. In the TON blockchain network, validators can use the single nominator, which provides an isolated cold wallet for securing their validation process. This feature is particularly useful for validators with enough self-stake to conduct independent validation without needing third-party nominators. This feature aims to enhance validators’ independence, security and protection against gas-spending attacks. In blockchain…
“ETH looks to regain ground against BTC as part of a broader capital rotation play,” one observer said. Source
WonderFi (WNDR), Coinsquare and CoinSmart as a combined entity will have a total of 1.65 million users and more than $600 million in assets under custody. On Monday, April 3, three Canadian crypto exchanges – WonderFi (WNDR), Coinsquare and CoinSmart – announced their plan for a merger thereby creating the country’s largest regulated crypto trading platform. Executives from the respective exchanges said that the merger would help them function effectively while giving a new edge in business growth. These three firms have a combined 1.65 million users and shall have…
On the other hand, streaming channels that focused on a specific niche, serving to a specific community, had a much lower churn rate of 12.7% and a higher lifetime value of $50 or more. Niche channels also had a higher engagement rate, with viewers spending an average of 506 minutes of viewership, compared to only 73 minutes per user for broad entertainment channels. What’s more, subscription price increases had no effect on churn for niche channels, while it spiked for broad entertainment channels. Source
Dogecoin (DOGE) pared a portion of its massive daily gains on April 4 as investors speculated on the meaning behind Elon Musk’s latest cryptic stunt. Elon Musk pumps Dogecoin by over 30% In what appears to be a late April Fool’s joke, Musk-owned Twitter changed its official blue bird logo to mimic Dogecoin’s symbol — a Shiba Inu dog featured in viral memes. Later, Musk tweeted a meme recognizing the change. pic.twitter.com/wmN5WxUhfQ — Elon Musk (@elonmusk) April 3, 2023 Over the years, Musk has historically influenced the Dogecoin market with…
The Zambian kwacha, one of the best-performing currencies in 2022, is now expected to see its first quarterly decline in nearly two years. The Zambian leader Hakainde Hichilema claimed that stalled debt restructuring negotiations are adding to pressure against the local currency. Zambia’s Debt Default After ending 2022 as one of Africa’s best-performing currencies, the Zambian kwacha depreciated from 18 units of the local currency for every dollar on Jan. 1, to slightly more than 21 units per dollar by March 31. In addition, a report by Bloomberg has said…
The two banks also assure of plans to allow the platform to accommodate central bank digital currencies in the future. Earlier, Crédit Agricole CIB and SEB jointly announced the launch of a new public blockchain-based platform, so|bond. According to the announcement, the platform will be focused on improving the efficiency of issuing digital bonds, albeit with a little twist of sustainability. That is, while the network is not exactly fixated on green bonds, it still aims to be eco-friendly in its operations. To this end, the platform will look to…
VP Bank, one of the largest banks in Liechtenstein, partnered with will consolidate its digital asset infrastructure provider Metaco to consolidate its digital asset custody and tokenization operations. According to an announcement, VP bank will use Metaco’s Harmonize platform to expand its services and enable support for tokenized asset minting, burning and storage. Marcel Fleisch, the chief product officer at VP Bank, said in the announcement that their company is rethinking wealth management using a combination of traditional banking and digital ecosystems. Fleisch highlighted that this creates new opportunities and…
The third skunkwork project has not been officially announced, but involves the “creator economy” and tokens, Cassatt said. Franklin, for its part, plans to use its recent funding to expand into retirement accounts and health benefits. Its clients include Soul Wallet, Echooo and Alto, according to the press release. Original Source 2.9MClosesCompanyCryptoFranklinPayrollSeed CryptoX Portal