July 20, 2023

Andreessen Horowitz exec sees ‘promising paths’ for Web3 social platforms — EthCC

July 20, 2023 boss

An executive from venture capital firm Andreessen Horowitz (a16z) believes that Web3 has the solutions to the headaches and problems found on Web2-based social media platforms. During a keynote speech at the Ethereum Community Conference (EthCC), a16z partner Sriram Krishnan shared a presentation explaining how Web3 can fix social media and consumer applications. Krishnan stressed that “the world of social media is stuck in a different era, and things need to change.” The executive said that his goal in the presentation was to convince the audience that “now is the…

Grayscale Bitcoin Trust among ARK’s top ETF performers in Q2 2023

July 20, 2023

Digital currency investment product, Grayscale Bitcoin Trust (GBTC), was one of the best performers at Cathie Wood’s ARK Invest in the second quarter of 2023. According to ARK’s latest quarterly ETF report published on July 19, GBTC was one of the top contributors to the success of its ARK Next Generation Internet exchange-traded fund (ARKW) in Q2. According to the data, GBTC was one of the top five drivers of ARKW’s growth of more than 9% in Q2, alongside other top performers like Tesla, Shopify, Unity Software and Draftkings. Ranked…

Bitcoin Trading in Japan Rises as Yen Turns Volatile

July 20, 2023 boss

The share of bitcoin trade volume on Japanese exchanges rose from 69% to 80% in the first six months of the year, data tracked by Kaiko show Original

Chainlink’s LINK Climbs as Whales Add to Holdings Following Protocol Release

July 20, 2023

The CCIP protocol is designed to help build cross-chain applications and services and went live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains this week. Source AddChainlinksClimbsHoldingsLinkProtocolReleaseWhales CryptoX Portal

Myanmar Shadow Govt. NUG to Start Neobank With Crypto Rails to Fund Fight Against Military Junta

July 20, 2023

Led by supporters of the ousted leader Aung San Suu Kyi, the Spring Development Bank (SDB), will target Suu Kyi supporters as customers, including the Burmese diaspora, the spokesperson said. The NUG’s stance is that it is the legitimate sovereign and government of Myanmar, not the military junta. Source

UK Government Rejects Lawmaker Plan to Regulate Crypto as Gambling

July 20, 2023

“A system of gambling regulation, in isolation, would be unlikely to address these risk factors” such as the commingling of customer funds alleged of crypto exchange FTX, or correct problems linked to insider trading and market manipulation that are covered by traditional financial regulation, the government added. Source

French AMF Officials Take Pride as U.S. SEC’s Crypto Campaign Stutters With XRP Ruling

July 20, 2023

MiCA, which lets wallet providers and exchanges operate across the EU with a single license, “will allow this sector to go to the next gear in terms of regulatory requirements,” said Marie-Anne Barbat-Layani, adding that France’s Financial Markets Authority (AMF), the regulator which she chairs, is “resolutely open to innovation.” Source

Shared Web3 user base could power new social app integrations — Aave CEO

July 20, 2023 boss

The latest version of Web3 social layer Lens Protocol has been released, introducing improved functionality to support new use cases and shared monetization for its growing Web3 user base. Decentralized Finance (DeFi) firm Aave Companies announced Lens Protocol v2 on July 17 during EthCC in Paris, with the code powering the protocol reworked to enable improved composability, configurability and functionality. Aave and Lens Protocol founder Stani Kulechov told Cointelegraph that Lens is a decentralized protocol built on Polygon featuring a technology stack that allows developers to build and deploy Web3…

Crypto Exchange Bitget Opens Dubai Office, Plans Middle East Expansion

July 20, 2023 boss

The crypto trading platform plans to hire up to 60 new members of staff in the region. Source

Bitcoin traders say ‘get ready’ as BTC price preps 2023 bull market

July 20, 2023 boss

Bitcoin (BTC) is gearing up for its next bull run in classic style, say traders eyeing two key trend lines. In some of their latest social media analysis, popular traders Moustache and Titan of Crypto revealed a BTC price breakout in the making. Bitcoin “bull market line” eyes classic crossover Bitcoin is closely copying prior BTC price cycles, and the time is almost right for a bullish surge, according to Titan of Crypto. Uploading historical BTC/USD price data, he drew attention to the 21-week simple moving average (SMA), currently at…