Month: June 2023

Crypto Bankruptcy Investor Ouroboros Uses Automated Due Diligence to Consider Smaller Claims

One avenue open to those whose assets are locked up in a bankruptcy estate is to sell their claims at a discount at marketplaces such as X Claims or Claims Market. But there are very few providers of liquidity for relatively small claims of around $50,000 because of the cost of the due diligence, according to Ouroboros co-founder Louis d’Origny. Source AutomatedBankruptcyClaimsCryptoDiligenceDueInvestorOuroborosSmaller CryptoX Portal

Whale Drives Ether-Bitcoin Volatility Spread Lower Ahead of Options Expiry

At press time, the ETH-BTC DVOL spread stood at -2.5, having hit a three-year low of -7.8 last week, according to data source Amberdata. Implied volatility, or IV, represents traders’ expectations for price turbulence over a specific period and is positively impacted by the demand for options. A call option represents a bullish bet on the underlying asset, while a put represents a bearish bet. Source

Robinhood (HOOD) Cuts 7% of Jobs in Third Round Layoffs of Since April 2022: WSJ

The company, whose customers use the platform to trade stocks, options and crypto, made cuts as it adjusts to a slowdown in customer trading activity, the WSJ said. The number of active traders had dropped to fewer than 11 million in May, down from a peak of 21 million a month in second-quarter 2021, according to the newspaper. Crypto trading volume for May fell 68% from a year earlier, the company said. Source

Web3 Fashion Platform SYKY Introduces Inaugural Cohort of Designers

The inaugural class of 10 designers includes fashion house Pet Liger, fashion artist Stephy Fung, photographer GlitchofMind, digital artist Calvyn Dylin Justus, spatial computing artist Taskin Goec, visual artist Fanrui Sun, fashion brand Nextberries, 3D artist Gustavo Toledo, footwear designer Felipe Fiallo and immersive creator Jacquelyn Assar. Source

Digital pound will be pseudonymous with a focus on privacy: BoE CBDC chief

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The Bank of England (BoE) has made significant developments in its central bank digital currency (CBDC) program. Tom Mutton, director of fintech at the BoE, recently shared insights on the privacy aspect of the CBDC and why the central bank might look for other options beyond blockchain as the underpinning technology. Mutton, during his interview, said that during a recent meeting of technologists hosted by the BoE to discuss digital pound design, there was a clear disagreement on which ledger should be used for the CBDC. Thus, the bank aims to…

Microsoft CEO Sets Lofty Goal of Doubling Revenue to $500B by 2030

Microsoft earned a solid 19% increase in operating income, demonstrating its capacity to increase profitability. In a bold statement made to executives and board members last year, the Chief Executive Officer (CEO) of Microsoft Corp (NASDAQ: MSFT) Satya Nadella revealed the company’s ambitious plan to achieve $500 billion in revenue by the fiscal year 2030. This target represents a significant target and is more than double Microsoft’s current size. It showcases the company’s unwavering commitment to innovation and growth. As reported by CNBC, the comments surfaced recently during Microsoft’s Federal…

Bitcoin might be bracing for bull run on resurgence of smart investors

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) has registered impressive despite a predominantly bearish atmosphere. Amid this trend, a recent analysis by a CryptoQuant market observer suggests the return of smart investors in the market, which could signal the start of a bull run.  The potential resurgence of these investors after a period of dormancy has piqued the interest of market participants. Is the smart money coming back? “The market often sees a cycle of “Stupid money” participating late after the…

100 tokenized Teslas ‘democratize’ and ‘decentralize’ Web3 ride sharing

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A Vienna-based car-sharing service company has outfitted nearly half of its 200+ fleet of cars with blockchain-based self-sovereign IDs for tokenization purposes.  The car-sharing service ELOOP and peaq, a Web3 network for the Economy of Things, announced on June 27th that 100 Teslas have been tokenized via the peaq network. The blockchain integration allows users to own a fraction of the fleet and share the revenue the cars generate from daily rideshare operations. Cointelegraph spoke with the co-founders of Eloop, Nico Prugger, and peaq, Leonard Dorloechter, in Vienna about decentralized…

Polygon (MATIC), Others Lose Combined $5B in Market Cap in June, Here’s Why

The SEC recently tagged many of the tokens as ‘unregistered securities,’ and the allegations have landed a huge blow on the tokens. Solana (SOL), Polygon (MATIC), Cardano (ADA), and some other tokens have collectively lost about 15%, or $5 billion, of their market capitalization within the month. This is according to CoinMarketCap data. However, the loss may be directly linked to the recent actions of the US Securities and Exchange Commission (SEC). The SEC recently tagged many of the tokens as ‘unregistered securities,’ and the allegations have landed a huge…