Month: April 2023

Google on Path of Multi-Year Saving by Cutting Employee Services and Other Goodies

Google’s chief of finance referred to the 2008 times when the expenses were growing faster than the revenue, and thus they have decided on an internal rejig in that regard. Big-tech companies across the globe have been cutting additional costs amid the tightening macro environment. Ruth Porat, Google finance chief, said in a companywide email that the company is making cuts to employee services. In a Friday email titled “Our company-wide OKR on durable savings,” Porat said that these are multi-year efforts. Furthermore, the tech giant is willing to cut…

Bitcoin is untouchable, analyst McGlone says

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According to senior commodities analyst Michael McGlone, bitcoin (BTC) is untouchable because it is more decentralized than other cryptocurrencies, such as ether (ETH). According to the Bloomberg senior commodities analyst, bitcoin is “untouchable” despite the continuous regulatory challenges in the cryptocurrency industry, and those who don’t have any exposure to the cryptocurrency market are “really foolish.” During a webcast on April 3 with crypto podcaster Scott Melker, McGlone stated that, unlike other cryptocurrencies such as ether, bitcoin could not be extinguished by authorities because it is more decentralized than other cryptocurrencies. US…

SEC to Organize Investor Education Events to Create Financial Literacy

US government agencies have been actively encouraging similar ideas associated with financial literacy since 2003 when April was formally appointed the National Financial Capability Month. The United States Securities and Exchange Commission (SEC) has revealed a series of education events focussing on underrepresented communities and others- but indicated that competitors should be educated to practice caution while using crypto. In an April 3rd announcement, the SEC disclosed that it would talk to communities including high school students, members of the military, investors along with native Americans to publicize financial literacy.…

What is Gods Unchained, and how to play it

The game-changing possibilities that blockchain spurs through immutability, tokenization and decentralization are immense. The technology has significantly expanded the scope of traditional trading and collectible card games by democratizing the ideals of ownership, scarcity, interoperability, transparency and play-to-earn (P2E).  The excitement factor of trading card games (TCG) — previously confined to school lunch tables and enthusiast get-togethers — has now truly gone global, thanks to blockchain gaming. Gods Unchained embodies the future of trading card gameplay. It taps into the rich world of marvelous mythical gods and their strengths and…

Bitcoin Volatility Index’s Correlation With Bitcoin Price Flips Positive, Boosts Appeal of Bullish Call Options

Options are derivative contracts that give the purchaser the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. A call option gives the right to buy, a signal the holder has a bullish stance, while a put option gives the right to sell. Options prices are determined by several factors, including market direction as well as implied volatility, which is influenced by the supply and demand for options. Source

KuCoin Wallet Rebrands as Halo Wallet in Spinoff, Secures New Funding

One of the major aims of the rebranding exercise is to widen the scope of Halo Wallet operation beyond Web 3.0. Decentralized KuCoin Wallet is expanding from being a simple Web 3.0 wallet to what can serve on a social finance (SocialFi) scale. According to a Monday announcement, the rebranding which takes immediate effect will see KuCoin Wallet take up a new name – Halo Wallet. The Emergence of a New SocialFi Ecosystem One of the major aims of the rebranding exercise is to widen the scope of Halo Wallet…

OpenEden Launches Tokenized US Treasury Bills

The OpenEden TBILL tokens are Ethereum-based ERC-20 standards that are transferable between different blockchain wallets. Former senior officials at the Gemini crypto exchange announced that OpenEden, a decentralized finance (DeFi) platform, had launched the first smart contract vault to offer access to US Treasury Bills (T-Bills). According to the announcement, OpenEden will enable stablecoins holders to mint Treasury Bills (T-BILL) tokens through the OpenEden T-BILL Vaul. As a result, OpenEden users can earn a US risk-free rate, with yields of about 4.8 percent per annum starting from March 2023. Notably,…

Euler Labs hacker returns ‘all of the recoverable funds’ — Timeline

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After being robbed of $196 million in a flash loan attack, Euler Finance has convinced its hacker to return most of the funds. The outcome resulted from numerous back-and-forths over 25 days, eventually leading the hacker to do “the right thing.” On March 13, the Euler Finance hacker carried out multiple transactions, each draining millions of dollars in various tokens, including DAI (DAI), USD Coin (USDC), staked Ether (StETH) and wrapped Bitcoin (WBTC). 111 Funds stolen from Euler Finance. Source: BlockSec As a result, Euler’s total value locked inside its…