The move occurred at the same time as bitcoin surged 2.5% on spot markets elsewhere as investors reacted to the stock prices of two banks, Pacwest (PACW) and Western Alliance (WAL), plunging by more than 30% as concerns about the U.S. banking system resumed. Original
When considering Web3 partnerships, the background and perspective of the evaluator may lead to blind spots. Traditional companies and investors may know the business fundamentals and financial metrics to examine but be unclear on industry-specific “must-haves” such as necessary tech capabilities and a committed fan base. Industry insiders, on the other hand, may be impressed by a potential partner’s community presence and the features they promote but overlook the health of the financial and advisory foundations. To ensure a profitable partnership that brings value to both parties and to end-users,…
Bitcoin (BTC) has room to drop below $25,000 to flush out a recent influx of speculators, research shows. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode flagged the ongoing influence of “short-term holders” (STHs) on BTC price action. Profitability reset point lies below $25,000 BTC/USD has struggled to overcome $30,000 resistance in recent weeks, and multiple fakeouts have frustrated Bitcoin bulls. In its latest investigation into on-chain activity, Glassnode revealed that market newcomers may be responsible — speculative behavior, including profit-taking, has become prevalent…
“Blockchain technology offers significant benefits for consumers, particularly ticketing, including enhancing payment security, and eliminating scalping and fraud,” said Brian Trunzo, Head of Business Development, North America, for Polygon Labs, in a press release, who added that this launch would help grow consumer adoption. Source
Lisa Cameron, a Member of Parliament in the United Kingdom since 2015, may not have used the Bitcoin Lightning Network in her time as a lawmaker, but spends a lot of her time in office focused on digital assets. Speaking to Cointelegraph at the Consensus 2023 conference in Austin, Texas on April 28, Cameron said she first started advocating for crypto-related policies in the U.K. government following one of her constituents being the victim of a rug pull. Since then, the lawmaker has gone on to chair the country’s Crypto…
On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street. He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. Federal Reserve chairman Jerome Powell’s upcoming remarks on Wednesday. Furthermore, there has been a great deal of conjecture surrounding the possibility of the central bank cutting the federal funds rate multiple times throughout the year. However, Wilson believes that investors who are expecting this outcome will ultimately be disappointed. Powell’s Message Could Spark…
The Ethereum network underwent the successful Shapella hard fork on April 12, allowing validators to withdraw their long-staked Ether (ETH) from the Beacon Chain after three years. In the first week of withdrawals, more than a million ETH was unstaked by validators. However, from the second week onward, the number of ETH staked was higher than that of ETH withdrawn, indicating that validators are re-staking most of their ETH back into mining pools. Staking is temporarily locking tokens on a network that uses a proof-of-stake (PoS) consensus mechanism. In a…
The crypto conglomerate has engaged Heidrick & Struggles for a new CFO search, according to a first-quarter shareholders letter seen by CoinDesk. DCG President Mark Murphy and Chief Strategy Officer Simon Koster will be co-leading the finance department in the meantime, the letter said. Source
Text generator ChatGPT is the fastest-growing consumer app ever, and it’s still growing rapidly. But the dirty secret of AI is that humans are still needed to create, label and structure training data — and training data is very expensive. The dark side of this is that an exponential feedback loop is being created where AI is a surveillance technology. And so, managing the humans in the AI loop is crucial. Some experts believe that when (potentially) robots take over the world, they’d better be controlled by decentralized networks. And…
The tool offers more efficient incentives than competitors like Curve Finance’s rewards and can help pegged assets such as stablecoins, liquid staking derivatives keep their prices more stable, the protocol said. Source DecentralizedExchangeIncentivesLiquidityMaverickPriceRollsStability CryptoX Portal