Day: May 10, 2023

Crypto Derivatives Protocol Vega’s Blockchain Goes Live for Futures, Options Trading

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Discovering product-market fit and dynamic use cases for crypto

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Product-market fit (PMF) refers to discovering how a product satisfies demand in the market. This can range from diverse to very niche use cases. Discovering how early adopters can utilize an emerging product is essential to discovering growth opportunities. Sometimes fit is not found, but that’s okay as you can then gauge other opportunities to scale, or pivot audiences entirely. There is no one right answer when discovering PMF, but rather strategic inferences that you can test daily. With cryptocurrency, this whole process is incredibly unique and often faces scrutiny.…

Bitcoin Price Rises Above $28K as U.S. CPI Inflation Falls to 4.9% in April

At its last meeting earlier in May, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) indicated it’s considering at least a pause in its historic run of rate increases that’s seen the central bank take the benchmark fed funds rate from about 0% in early 2022 to the current targeted range of 5.0%-5.25%. While that fast pace of rate hikes hasn’t succeeded in bringing inflation down to the Fed’s 2% target, the central bank also has its eyes on the growing troubles in the U.S. banking system, which has…

Bitcoin trading up 80% at DBS Bank due to crypto crashes in 2022, says exec

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Singapore government-owned megabank DBS is among the few companies worldwide that reaped major benefits from massive crypto industry collapses in 2022. DBS Digital Exchange, DBS Bank’s institutional crypto trading platform, saw a significant increase in Bitcoin (BTC) trading volumes last year. According to DBS Digital Exchange CEO Lionel Lim, the number of DBS crypto clients more than doubled in 2022 compared to the previous year. “Bitcoin trading volumes grew 80% at the digital exchange during the same period,” Lim said in an interview with Cointelegraph on May 8. The executive…

BTC Hovers Near Key Price Floor, Ahead of US Inflation Report – Market Updates Bitcoin News

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Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal Reserve’s decision to hike rates last week. Ethereum remained above $1,800. Bitcoin Bitcoin (BTC) continued to consolidate on Wednesday, as markets awaited the latest inflation report from the United States. Following a high of $27,824.39 on Tuesday, BTC/USD dropped to an intraday low of $27,375.60 earlier in today’s session. Today’s…

Ordinals and meme coins cripple Bitcoin network, core developer claims

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) Core developer Luke Dashjr has voiced his discontent with the current state of the blockchain, which the growing popularity of meme coins and Ordinals has clogged up. Dashjr has urged action against the trend, which he believes should have been addressed months ago. In an email to the community, Dashjr argued that “spam filtration has been a standard part of Bitcoin Core since day one” and that existing filters should have been extended to…

Chiliz Launches Layer-1 Blockchain to Foster Transition of Sports Brands to Web3

Chiliz is also looking to attract developers interested in building Web3 sports projects by holding hackathons. Leading blockchain provider for the sports industry Chiliz has announced the launch of its Chiliz Chain public mainnet. This marks the next step in the firm’s mission to help sports teams and brands build direct relationships with their fans and communities from around the world using blockchain technology. Chiliz Chain is a Layer-1, interoperable blockchain ecosystem and is compatible with the Ethereum Virtual Machine (EVM). It is set to introduce a network of 11…

Mutual aid, DAOs and activism — The Agenda podcast chats with PactDAO co-founder Marisa Rando

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The efforts of many charities organizations are often hampered by the red tape of bureaucracy, and the presence of hierarchical structures within these organizations can complicate matters even further.  To bypass this inefficient rigamarole, PactDAO co-founder Marisa Rando suggests that those aiming to distribute aid focus on being “active” as this is the root word in the term “activism.” Rando hinted that the presence of hierarchical structures within charitable organizations leads to bias in the distribution of aid, whereas adopting a fully decentralized model encourages activism from givers and recipients.…

President Biden Digs at Wealthy Crypto Investors 

Biden’s latest action against crypto has garnered several opposing reactions from the crypto community. The 46th elected president of the United States Joe Biden has announced his intention to close tax loopholes for “wealthy crypto investors”. He tweeted requesting Congress to cut loopholes that help the crypto tycoons. Biden also accused MAGA House Republicans of supporting wealthy crypto investors and failing to support the food safety inspections budget. The president made this statement with respect to his proposed fiscal year 2024 budget. While Congress supported the tax loopholes from wealthy…

Cboe Files Third Attempt at Securing Spot Bitcoin ETF Approval from SEC

Chicago Board Options Exchange parent Cboe has again filed for a spot Bitcoin ETF with the SEC despite being rejected in late January.  In a recent regulatory filing, Cboe Global Markets made its third attempt to list the ARK 21Shares Bitcoin exchange-traded fund (ETF). On Tuesday, the Chicago Board Options Exchange parent company sought approval from the Securities and Exchange Commission (SEC). The latest regulatory filing reflects the Cboe’s struggle for a US Spot Bitcoin ETF. The SEC has rejected all previous attempts, with the latest in late January. However, Cboe is one…