Day: July 5, 2023

FOMC Minutes, Jobs Numbers Lead Busy Slate of Economic Releases

This week’s main event comes Friday morning at 8:30 am ET, with the U.S. Nonfarm Payrolls report for June. This gauge has topped expectations for an astounding 14 consecutive months, continuing to show strength in the face of surging interest rates that many had expected by now would have slowed the economy and put a larger dent in hiring. Economist forecasts are for 250,000 jobs to have been added in June, down from 339,000 in May. The unemployment rate is anticipated to remain at 3.7%. Source

Elon, You Don’t Need Crypto to Do Twitter Payments

You’ve heard the script before. Migrants need to make payments back home to their family, but cross-border payments are achingly slow, taking days to process. Luckily, revolutionary new technologies like blockchains, stablecoins, and central bank digital currency (CBDC) are on the verge of speeding things up, or so their advocates claim. Source CryptoDontElonPaymentsTwitter CryptoX Portal

What is Web3? | Blockchain News

Web 3.0, frequently abbreviated as Web3, is often recognized as the upcoming or third generation of the internet. It builds upon Web 1.0, characterized primarily as read-only, and Web 2.0, which introduced interactive user-generated content and sharing capabilities. Key components of Web3 include: Decentralization: In a departure from the single-server model owned by one entity, data and operations in Web3 are distributed across a network, enhancing both fairness and resilience. Blockchain: Functioning as the backbone of Web3, blockchain provides decentralized data storage and operations. It enables asset transfers that are…

How to use ChatGPT like a pro

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OpenAI created the sophisticated language model known as ChatGPT. It makes use of deep learning to produce text responses that sound human in conversational circumstances. ChatGPT can comprehend and produce logical and pertinent responses when given a large enough training set. It can be utilized in many different applications, such as interactive dialogue systems, content creation and customer service. It has limitations and occasionally gives out incorrect or absurd responses, despite its outstanding conversational skills. To guarantee precise and trustworthy interactions, human oversight and careful analysis of their results are…

Nasdaq refiles Valkyrie’s spot Bitcoin ETF application, includes Coinbase as surveillance partner

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The most recent filing involving cryptocurrency fund manager Valkyrie’s application for a spot Bitcoin exchange-traded fund (ETF) in the United States followed others by including a “surveillance-sharing agreement” with Coinbase. According to a July 3 filing with the U.S. Securities and Exchange Commission, the Nasdaq stock exchange refiled for a proposed rule change allowing the listing of a spot Bitcoin (BTC) ETF for the Valkyrie Bitcoin Fund. The filing included details of a June 30 agreement with Coinbase aimed at giving Nasdaq “supplemental access to data regarding spot Bitcoin trades.”…

Starknet’s Quantum Leap hits testnet with TPS reaching ‘triple figures’

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Starknet’s Quantum Leap upgrade has been deployed on a testnet, with the Ethereum layer-2 scaling protocol claiming it’s capable of processing “hundreds of transactions per second.” If achieved, it would be at least a 50x improvement from its current throughput, thanks to the version 12 upgrade harmonizing how the sequencer’s code interacts with the Cairo programming language. A Starknet fact sheet states that the “time to inclusion” after the upgrade goes live on the mainnet “will be under 15 seconds,” meaning decentralized applications will be able to confirm transactions on-chain…

A Crypto Metric Called Years to Profitability Is Good for Evaluating Blockchains

Then, by using the same set of growth rate assumptions for each chain (we calculated future CAGRs of 30%, 40% and 50%), we can make comparisons across chains and explore more deeply what drives YTP. For example, while APT has a high YTP, this is partially because the chain is relatively new and therefore its revenues are smaller than those of other more established chains. SOL has modest inflationary schedules compared to blockchains like NEAR or ICP. In all examples, a blockchain’s ability to burn tokens (and provide some kind…