Day: June 8, 2023

US Bitcoin supply fell over 10% in the past year — Glassnode

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Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests. In a tweet on June 8, on-chain analytics firm Glassnode revealed some surprising conclusions about who is now using Bitcoin. BTC supply moves to Asia The past year has seen some seismic shifts in where Bitcoin is held and traded. In its latest analysis of the BTC supply, Glassnode measured its migration around the world — notably, away from the U.S. and toward Asia. Since mid-2022, the amount of the supply held and traded by U.S.…

ConsenSys Faces Shareholder Vote Over Controversial Transfer of Company Assets

To execute the deal with JP Morgan, ConsenSys crafted a plan called Project NorthStar, designed in concert with the Swiss office of consulting giant PwC. Project NorthStar would call for the creation of a new Delaware C-corp called ConsenSys Software Inc (CSI) and the transfer of all major assets from the original Swiss company, ConsenSys AG (CAG), into the new entity. To determine the share of the new company that the original company would be awarded, ConsenSys had to arrive at a valuation of its core assets, which at the…

Subsocial chat program implements Ethereum usernames, Polygon donations

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Grill.chat, a chat app based on the Subsocial network, has now implemented Ethereum Virtual Machine (EVM) wallet compatibility, allowing users to chat using their Ethereum identities and send crypto to each other via Polygon, according to a June 7 announcement. Subsocial is a Polkadot parachain designed for social media applications. Grill.chat allows users to participate in over 70 chat rooms focused on mostly crypto-related topics. The development team seeks to attract new Web3 projects to build their communities on the platform. Polkadot Decoded chat room on Grill.chat. Source: Grill.chat The integration…

How Crypto Can Fix Its Image Problem

There’s irony in crypto’s need to turn around its image. The whole point of its core technology is that one need not trust the person they’re dealing with; because blockchains are “trustless,” there’s no intermediary who could tinker with or block a transaction. So, in theory, there should be no capacity for bad actors to do harm, which means there should be no image problem. Source CryptoFixImageProblem CryptoX Portal

World Mobile eyes African rollout after decentralized wireless field tests

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Decentralized wireless (DeWi) network operator World Mobile said on June 8 it has completed field tests of its DeWi technology in Kenya, Mozambique, and Nigeria, bringing it closer to a full rollout across the African continent, the company said in the announcement. World Mobile, which aims to offer affordable and reliable internet access to rural areas that are traditionally under-served, said the tests in Kenya and Mozambique were carried out using TV White Space equipment, employing unused spectrum in the TV broadcast band to provide mobile network services. In Nigeria,…