Month: April 2023

How multichain token systems can improve liquidity

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Digital assets are typically restricted to their native blockchain networks, and existing methods of transferring tokens from one blockchain network to another are highly vulnerable to hacking or involve using a trusted third party.  However, multichain tokens enable users to transfer their assets to another blockchain directly without giving up custody of their tokens. Experts in the blockchain space believe that cross-chain tokens can positively impact the industry by enabling greater user participation over multiple networks. Marius Ciortan, director of product engineering at Bitpanda and Pantos, a European crypto exchange,…

Trezor wallet enables Bitcoin privacy feature with CoinJoin

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Cryptocurrency hardware wallet firm Trezor is expanding the privacy of Bitcoin (BTC) transactions through collaboration with the privacy-focused Wasabi Wallet. Trezor has rolled out the privacy-enabling CoinJoin feature on its hardware wallets, allowing users to enhance the privacy and security of Bitcoin transactions. In the announcement on April 19, Trezor noted that the new function is immediately live on the company’s Trezor Model T wallet. The company plans to enable the CoinJoin option for its first hardware wallet, the Model One, in the near future. CoinJoin is a process used…

Embracing the shift in Web3 gaming: From play-to-earn to play-and-earn

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The blockchain gaming market has grown rapidly. The Polaris Market Research Blockchain Gaming Report shows that the total transaction volume for blockchain games reached $5.41 billion in 2022 and is expected to grow at a CAGR of 68.9% during their forecast period. According to DappRadar x BGA Games Report 2022, Polygon’s emphasis on gaming and the metaverse led to a remarkable 338% UAW growth from the previous year, reaching an average of 97,384 daily UAWs. In 2022, Polygon’s popularity as a gaming chain soared, driven by successful game dApps like…

Crypto Wealth Manager Onramp Taps CoinDesk Indices to Create Customized Portfolios

Financial advisers will be able to use Onramp’s marketplace to access CDI’s indices, giving them a range of options for clients’ with different preferences and tolerance for risk, according to a press release. “Pairing CoinDesk Indices’ market intelligence with Onramp’s flexibility and access provides advisors with unparalleled growth opportunities for clients,” said Eric Ervin, CEO of Onramp Invest, in the statement. Source

Tesla Drops Model 3 and Model Y Prices Again

The previous discounts have positively affected Tesla’s quarterly sales, with the automaker selling 422,875 cars EVs in Q1. Tesla Inc (NASDAQ: TSLA) has announced further price cuts for its Model 3 and Model Y electric vehicles. This is the second time within a month that the electric car maker is doing this. The price cut announcement precedes Tesla’s Q1 earnings report, which will be monitored closely by investors. Investors will observe how Tesla maintains its profit margins after announcing a series of price cuts this quarter to spur sales and…

Google Preps to Launch Its Most Expensive Smartphone Pixel Fold in June

The move will test Samsung’s long reign in the foldable phone business. Google is just a few weeks away from launching its first-ever foldable smartphone. According to a CNBC report, the move will likely kick-start a market rivalry with Samsung which has long enjoyed the benefits of being the market leader of the foldable phone business. While no official announcements have been made yet, the product is expected to be unveiled during Google’s annual developer conference on May 10. Pixel Fold: Expected Price and Specifications Per documents made available to…

Donald Trump Releases Second Series of NFT Collection amid Indictment

Sales activity linked to the collection has already taken off since the announcement. It appears that the recent indictment of former US President Donald Trump has not deterred him from his Web 3.0 focus. Taking to one of his social media platforms on Tuesday, Trump announced the launch of “Series 2” of his NFT collection – Trump Digital Trading Cards. The statement on Truth Social reads: “I am pleased to inform you that, due to the great success of my previously launched DIGITAL TRADING CARDS, we are doing it again.”…

First Mover Americas: Bitcoin Slides Toward $29K

Bitcoin slid more than 3% to below $30,000 on Wednesday morning. While the sell-off didn’t appear to stem from any immediate fundamental reason, an unexpectedly high U.K. March inflation figure of more than 10% may have influenced market sentiment. Liquidations may have also played a role. “Bitcoin saw some decent liquidations on Binance, which dropped as a consequence of long rekts being washed out early this morning,” said Laurent Kssis, a crypto trading adviser at CEC Capital. There was close to $100 million in liquidations, according to Kssis, who added…

Hard-Wallet Maker Ledger, Crypto Custodian Etana Target Institutions With Regulated Custody

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