Day: May 15, 2023

Payroll Startup Rise Wins CoinDesk’s 2023 Pitchfest Contest

To be sure, there is a fair amount of competition in the field Rise is building its business in, with companies like Bitwage, DEEL, Request, Remote, ADP and Utopia, offering fiat and crypto payroll services through U.S.-based exchanges, mostly Coinbase (Rise is not disclosing their crypto broker for now). Some of these services have already onboarded thousands of users, but Finkelstein believes the market is big enough for everyone as more and more companies are getting interested in using crypto for payroll. Current clients of Rise include the Ethereum staking…

SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC

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The debt ceiling negotiations in the United States are keeping traders on the edge. JPMorgan Chase CEO Jamie Dimon recently told Bloomberg on May 11 that a possible sovereign default by the U.S. government could create panic in the stock markets, resulting in heightened volatility. The next big question troubling crypto investors is how will Bitcoin react to such an event. Bloomberg’s latest Markets Live Pulse survey indicates that Bitcoin (BTC) could be the third most preferred asset class behind Gold and U.S. Treasuries should the U.S. government fail to…

LunarCrush reports shiba inu is most searched cryptocurrency, topping pepe and bitcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Shiba inu has surpassed pepe and bitcoin to secure the top position in LunarCrush’s “Top 10 Trending Searches.” LunarCrush, a social media intelligence platform, recently unveiled its latest list of the most popular search topics within the past 24 hours, revealing the subjects that have captivated the online community’s attention. Meet the top dog In a turn of events, shiba inu has emerged as the frontrunner, surpassing both pepe and bitcoin to claim the top spot.…

Tether boasts of its financial stability after strong profits, money moved out of banks

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Stablecoin operator Tether Holdings pulled over $4.5 billion out of banks in the first quarter of 2023, causing a “substantial reduction” in counterparty risk, the company reported in a post touting its latest attestation by BDO Italia.  Tether’s (USDT) market capitalization grew from $66 billion to over $82 billion in the first quarter, while Tether shed over 90% of its bank deposits, bringing it down from $5.3 billion to $481 million. Tether said the remaining bank deposits are spread out among several banks, referring to its competitors that suffered losses…

Fold, Rewards Company for Bitcoin $BTC, Expands to El Salvador, Brushing Off Soaring Transaction Fees

But the flurry in on-chain activity is showing signs of slowing down as congestion in the Bitcoin mempool – a database of unconfirmed transactions – has eased from nearly 500,000 unconfirmed transactions to roughly 250,000 at the time of reporting. That number generally stayed under 50,000 last year. Bitcoin is popular in El Salvador, a country known for being the first nation state to adopt the cryptocurrency as legal tender in 2021. Source

‘Red Flaggy’ GREED Meme Coin Shames Crypto Speculators With Tweets From Their Own Twitter Accounts

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Community-Driven Blockchain Platform Parex Raises US$ 6․5 Million – Press release Bitcoin News

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press release PRESS RELEASE. Parex has successfully developed a community-driven DAO ecosystem through its ParexChain, Parex Wallet, RaccoonSwap, Exchange, and other decentralized applications. The company has secured US$ 6.5 million in a new investment round. The funding was provided by DWF Labs that invested US$ 3 million, and Bitgert Ventures, the investment arm of the cryptocurrency exchange Bitgert which invested US$ 3.5 million. The investment round was completed just as Parex was preparing its ParexChain infrastructure, which is designed to provide a fully community-driven DAO blockchain ecosystem. The funds will…

G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets

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The G7 committee recently met in Niigata, Japan, to discuss, among other topics, the global financial implications for central bank digital currencies (CBDCs) and the laws governing the transfer of cryptocurrency assets. In a communique summarizing the discussions, the committee reiterated its support for developing CBDCs with the caveat that further investigation was needed to ensure they are grounded in “transparency, the rule of law, sound economic governance, cyber security and data protection.” The communique described the International Monetary Fund’s (IMF’s) work in developing a “CBDC Handbook” as “welcome,” and…

Tokenization Is the Way to Realize the Biden’s Electric Vehicle Overhaul

Blockchain addresses many of these challenges by providing a transparent and secure platform for tracking and verifying the origin, and production. Each transaction, from mining to manufacturing, can be recorded and verified by multiple parties, ensuring that the information is accurate and trustworthy. This transparency can help curb smuggling and dirty mining, making it more difficult for companies to embrace unethical sources. It also creates safety for consumers, as some electric vehicles have recently caught on fire due to quality control issues. Source