Day: June 20, 2023

Crypto VC market flashes green amid macroeconomic recession alarms

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Crypto venture capital investments were on the rise for the second month in a row in May despite the generally declining economic backdrop. Funding amounts surged 34% from April, and the number of individual deals jumped 62%, according to data from Cointelegraph Research’s Venture Capital Database. Though inflation in the United States cooled from 4.9% in April to 4% in May — down from 9.1% in the summer of 2022 — the U.S. Federal Reserve still raised interest rates 10 consecutive times. Decreasing inflation tends to build trust among investors…

IoT-Powered Decentralized Exchanges: The Future of Digital Asset Trading

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The world of digital asset trading is rapidly evolving, and decentralized exchanges (DEXs) are becoming more popular as a way to trade assets in a peer-to-peer manner without relying on a centralized intermediary. However, the potential of these exchanges has been limited by the lack of effective technology to power them. Decentralized exchanges (DEXs) are a type of cryptocurrency exchange that operates on a distributed network, without the need for a central authority or intermediary. In contrast to centralized exchanges, which rely on a central authority to manage user data…

How to use ChatGPT to write a resume

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Writing a resume using ChatGPT can be a helpful way to get started, but it’s important to remember that the final content and formatting should be tailored to your specific needs and industry. Here’s a general guide for using ChatGPT to assist in writing a resume for a “Project manager” position: Header Start by developing a header section that includes your full name, address, phone number and, if applicable, links to any professional social media accounts. Professional summary Provide a brief summary of your experience, talents and career aspirations under…

Web3 Organization Teddy DAO Raises Money Through Daily NFT Auctions

David Chapman, founder of Teddy DAO, told CoinDesk that the project was inspired by an NFT sale he conducted last year, where he sold a one-of-one collectible and raised $15,000 for humanitarian aid organization UNICEF. He noted that this event not only highlighted the demand for NFT-backed charity donations but also indicated that the method could be used to onboard people new to Web3. Source

Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAO

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Stablecoin protocol Reserve is investing $20 million into the governance tokens of yield farming apps Curve (CRV), Convex (CVX) and Stake DAO (SDT), according to a June 20 announcement. The investment is intended to increase the liquidity of Reserve’s stablecoins, called RTokens. It will also increase Reserve’s voting power within these apps’ governance systems. Reserve is a stablecoin protocol that allows users to create their own coins backed by any asset they wish. Electronic USD (eUSD), High-Yield USD (hyUSD), Reserve (RSV), Reserve Dollar (RSD) and ETH+ are a few examples…

Romanian prosecutors confiscate $500k in crypto

Accused of rape, human trafficking, and organized crime for the sexual exploitation of women in Romania, Andrew Tate has faced asset seizures in bitcoin (BTC) by prosecutors. Initial reports claiming the seizures were worth $300 million have been proven incorrect, attributed to a Google Translate error in a press release from Romanian authorities, which was widely shared by news outlets on June 20. Bitcoin holdings confiscated In a recent development, Romanian prosecutors have successfully seized a significant amount of Bitcoin from Andrew Tate, the well-known social media personality and former…

GBTC Share Price Soars, Discount Narrows to Multi-Month Low on BlackRock ETF Spot Bitcoin Filing Optimism

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The surge came as investors turned optimistic about being able to redeem funds in the future, and Grayscale potentially winning an on-going lawsuit against the U.S. Securities and Exchange Commission (SEC) about converting the fund into an ETF after news about BlackRock’s filing for an ETF. GBTC doesn’t allow redemptions at the moment, which led to a price discount. Original

Eli Lilly Set to Close $2.4B Dice Therapeutics Acquisition to Treat Autoimmune Diseases

Eli Lilly will spend approximately $2.4 billion acquiring Dice Therapeutics to create more drugs for combating autoimmune diseases. American pharmaceutical company Eli Lilly has announced it is set to purchase biopharma company Dice Therapeutics. Eli Lilly hopes the $2.4 billion deal will help the company develop more drugs to treat immune diseases. According to an official press release from both companies, Eli Lilly will buy all of Dice’s outstanding shares via a tender offer. Already approved by both boards of directors, the deal will price each share at $48, to a total of nearly…

Strategic Move amidst Regulatory Challenges

Gemini highlighted their plans to diversify their customer base and reduce the dependence on the US market. Gemini, the US-based exchange of the Winklevoss Twins, has announced its plans to establish a center in Singapore as part of its future expansion into the Asian market. According to Gemini’s statement, the company intends to hire over 100 employees in the next 12 months to capitalize on the growth potential of cryptocurrencies in the APAC (Asia-Pacific) market. Gemini Expanding to Singapore While Gemini has previously stated that it has no plans to…

Binance Denounces Entity Registered in UK, Issues Cease and Desist

Binance has confirmed it is not affiliated with a supposed branch in the UK after a Reddit post shared the exchange’s alleged UK address. Major crypto exchange Binance announced that it issued a cease and desist order to Binance Ltd in the UK. In a tweet from Binance’s official account, the exchange said the referenced company has no business with the company. The Binance tweet was in response to a Reddit post brought to Twitter, stating that the Binance office in the UK is a “utility closet”. The post includes a picture of the…