Day: June 2, 2023

Stock Futures Soar as May Job Report and Debt Ceiling Passage Shows Promises

The debt ceiling bill’s approval provided even another reason for the positive rally in stock futures. In an exciting development, US stock futures have continued to soar as traders make meaning of the highly anticipated May jobs report and celebrated the passing of a debt ceiling bill by United States lawmakers. According to reports, futures on the Dow Jones Industrial Average (INDEXDJX: .DJI) rose by 180 points or 0.5%. Similarly, futures connected to both the S&P 500 (INDEXSP: .INX) and Nasdaq 100 both rose by 0.5%. These bullish signs set…

DPAT Raises Private Funding To Enhance Web3.0 Ecosystem – Blockchain News, Opinion, TV and Jobs

DPAT, the first Web3 crowdsourcing platform designed to connect investors with real estate and infrastructure opportunities in major African cities, has announced the launch of its highly anticipated updated roadmap and revamped website. Positioning itself as a bridge to new emerging economies, the Ethereum-backed Web3 investment platform is set to attract investors, crypto advocates, and entrepreneurs alike by offering a say in what gets built, by whom and for who in markets where they believe success is only lacking the right type of funding. The road map for the Direct…

Binance market share chopped with the end of zero-fee BTC trading

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New data has revealed that cryptocurrency exchange Binance has experienced a loss in market share after it ended its zero-free Bitcoin (BTC) trading. A report by CCData released in mid-May revealed that the exchange market share has continued to slide for the second consecutive, to 46.3%. This marks Binance’s lowest percentage of market share since October 2022. The market share drop follows Binance’s decision to end its zero-fee BTC trading promotion for most BTC trading pairs. A representative from Binance spoke to Cointelegraph saying: “We forecast a drop in market…

Huobi Could Have Hong Kong License in 6 to 12 Months

“The details of the regulation will come out in the next 18 months, for example, how to comply with customer withdrawals [and] anti money laundering requirements,” Sun said. “In the next 18 months we have a grace period so Huobi Hong Kong can operate in Hong Kong, take customers, get our banking and serve our customers.” Source

Web3 gaming gets competitive edge as Maniac Panda Games joins Cointelegraph Accelerator

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As the Web3 gaming landscape is getting bigger by the day, mainstream players who enjoy playing popular titles games such as PUBG, Fortnite or Apex Legends are starting to take notice. However, there’s still a technical understanding barrier before Web3 gaming can reach a broader audience. Players need gameplay elements that they are familiar with to warm to blockchain games that usually come with technical lingo like play-to-earn (P2E), nonfungible tokens (NFTs) or crypto wallets. The gaming world is no stranger to blockbuster titles that initially started as an adaptation…

Private ID verification wins Binance Web3 reality show

Startups competed in a metaverse-based Web3 reality show called Build The Block to win an investment from Binance Labs. Crypto exchange Binance has announced the winner of its Web3 reality show, titled “Build the Block,” held in the metaverse. Within the show, startups competed with each other to win an investment from Binance Labs.  In an announcement sent to Cointelegraph, the Binance team said that zkPass won the contest after receiving the highest votes in the competition. The decentralized identity verification solution that preserves privacy came on top after competing…

2015 – Vitalik Buterin and Birth of Ethereum

Buterin sees the situation differently. In a podcast with Lex Fridman, he noted the differences between holding values close to heart, and knowing when to compromise. The DAO fork was a pragmatic decision, he said, based on a particular set of circumstances. At a technical level it was possible to revert the attacker’s transactions, which is not always the case after a hack, he said. But more importantly, the network was just born, relatively, and full of promise – why risk knocking it off its feet? Source

Bitcoin posted its worst month since November, but network activity saw record highs

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Even though bitcoin just ended its first down month of the year, the network activity hit new record highs — and that’s a good thing for Bitcoin and its investors. Bitcoin closed May down 7.9% after trading between $26,000 and $28,000. It was the cryptocurrency’s worst month since November. However, Bitcoin’s average daily network hashrate – which measures how much computing power the network uses to process transactions and is a key indicator of the network’s health – increased for the fifth consecutive month. Investors want the hashrate to be…

Europe’s right-wing political groups find cause in crypto

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The European crypto scene has gained significant traction over the past few years, with a surge in the interest in and adoption of cryptocurrencies and blockchain technology. While the crypto industry is often associated with decentralization, innovation and financial freedom, it is not immune to various political ideologies and influences, and right-wing movements are no exception. The attraction of cryptocurrencies for right-wing politicians in Europe can stem from several factors. Right-wing ideologies often prioritize individual freedoms and limited government intervention. Cryptocurrencies, with their decentralized nature, offer the potential for financial…