Month: July 2023

5 High-risk, high-reward crypto to invest in 2023

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High-risk investments often promise high returns – and the realm of cryptocurrencies is no different. In this article, we delve into five potentially explosive cryptos that could shake up the market in 2023, providing a tantalizing glimpse into the future of the digital assets space. 1. Mr Hankey Coin (HANKEY) Kicking off this list is Mr Hankey Coin (HANKEY) – a project born from the whimsical humor of the beloved South Park character. This token combines hilarity with high potential returns, defying traditional crypto market dynamics. Set to launch on…

US authorities are investigating former FTX exec for potential campaign finance violations: Report

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Prosecutors in New York are reportedly looking into former FTX Digital Markets co-CEO Ryan Salame for potential violations of campaign finance law in the United States. According to a July 11 report from The New York Times, Salame and his girlfriend Michelle Bond — a Republican candidate who ran to represent New York’s 1st congressional district in 2022 — may have exceeded the federal limits on contributions during her campaign. Authorities are reportedly investigating financial ties between Salame and Bond dealing with her congressional campaign, which did not move beyond…

Artificial Intelligence-Backed Web3 Security Firm Olympix Raises $4.3M

“Out of the many wins Olympix has had over the past year, I’m most proud of the results of our static analyzer private alpha,” wrote Greenwall in the announcement post. “With 30+ companies participating, including Blockdaemon, Rysk Finance, and Arrakis Finance, we’ve become a trusted part of the developer workflow not just to find and fix vulnerabilities, but help the developer become more sophisticated through real-time micro-teaching moments. Most notably, our private alpha has helped developers secure over $300 million in assets since its launch.” Source

Polygon’s MATIC Surges 10% as Network’s 2.0 Upgrade Draws Closer

Matic’s aggregated open interest, which is a metric used to assess the nominal value of open derivatives positions, has experienced an even larger uptick over the past 24-hours, rising from $109 million to $160 million, or 47%, according to Coinalyze. That big jump suggests that the rally is being backed with leverage. Original Source CloserDrawsMaticNetworksPolygonsSurgesupgrade CryptoX Portal

Bitcoin exchanges now hold the same BTC supply share as in late 2017

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Bitcoin (BTC) held on exchanges is down to where it was at the 2017 BTC price all-time high, data confirms. Tracked by on-chain analytics firm Glassnode, the latest figures show less than 12% of the BTC supply now resides in exchange wallets. Analyst: BTC price “on the cusp of true price discovery” Bitcoin returned to exchanges during the 2023 BTC price upside, during which BTC/USD more than doubled from cycle lows. The period since late April has seen a reversion to the long-term trend of coins leaving exchanges, however, and…

Why Threads Got 100 Million Users When Other Twitter Rivals Could Not

Before going any further, let’s be clear: Threads will not necessarily be a huge success. Sometimes platforms arrive with a bang only to fade into cultural irrelevance – remember Clubhouse? But again: Threads got 100 million users in five days, and that number could still grow. Rival upstarts simply have not gained that kind of traction. Mastodon claims to have around 2 million monthly active users. It’s hard to get exact numbers for the decentralized social media protocol Nostr, but an estimate based on Damus and Amethyst downloads is likely…

Near Foundation treasury drops to $900M as token price plunges

At the end of Q2 2023, layer-one blockchain Near Protocol’s (NEAR) treasury had declined to $900 million, led by a fall in the price of NEAR tokens from $1.99 to $1.38 apiece. At the #NEAR Foundation, transparency is at our core. Check out the Foundation’s Q2 ’23 Transparency Report below for all the details on treasury, strategy, OKRs, and more! https://t.co/EXZcmhC7sA pic.twitter.com/twxiSffiWM — NEAR Foundation (@NEARFoundation) July 10, 2023 According to the July 10 report, the Near Treasury currently consists of $349 million in fiat, 315 million NEAR, and $90 million…