Month: July 2023

MKR Shows Positive Moves As Top Coins Land In The Red

MakerDAO’s (MKR) posted positive moves today even as the broader market saw a slight correction. While top coins painted charts red with bearish moves, MKR added over 3% in the last 24 hours, bringing its price to $1,139.92 at 9:25 am EST. This bullish momentum coming amid a bear market trend suggests that special factors might be behind it.  Maker (MKR) Soars Amid New Governance Proposals Maker made the top gainers’ list on Wednesday, July 26, closely behind Compound (COMP) with 3.18% 24-hour price growth and XDC Network with an…

What Is Tome AI? | Blockchain News

Tome AI is a San Francisco-based startup that has developed a unique platform for generative storytelling, leveraging artificial intelligence (AI) to create narratives and presentations. The company’s software is designed to help users express their ideas in a more compelling manner, offering a fluid, multimedia canvas that adapts to any screen. Features and Functionality Tome AI’s platform is not just a deck, document, or splash page. It integrates AI tools to help users explore new approaches and instantly generate new content. Users can type in a prompt and watch as…

Digital Assets Must Take Fraud Prevention Seriously

When evaluating a crypto investment in this environment, it becomes crucial to investigate the project’s governance, risk and compliance (GRC) approach, especially with regard to fraud prevention. Due diligence should show a tech GRC program informed by U.S. Department of Justice (DOJ) guidelines and smart risk mitigations that reflect planning for what is ahead. By way of example, this includes: Source

How Athletes are Embracing Cryptocurrency Sponsorships

boss

Athletes are increasingly adopting bitcoin sponsorships as part of their endorsement deals in the world of sports. Famous athletes, ranging from high-profile footballers to Olympic competitors, are forming alliances with Bitcoin companies. This article digs into the growing popularity of cryptocurrency sponsorships in the sports sector, examining the advantages and disadvantages for both sportsmen and the crypto firms involved. Cryptocurrency Sponsorships Are Emerging As the popularity of cryptocurrencies grows, sportsmen are looking for ways to collaborate with creative companies in the crypto field. Endorsement Deals Diversification Crypto sponsorships allow athletes…

Palau Is Starting a Stablecoin Trial That Will Be on Ripple’s XRP Ledger

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Cosmos Blockchain Project Faces ‘Existential’ Crisis

The politics have also led to some reputational baggage. As dYdX prepared for its shift to Cosmos, its CEO, Antonio Juliano, tweeted “I specifically don’t want dYdX’s brand to be too associated with cosmos.” The rationale behind this statement, according to Juliano, didn’t have anything to do with Cosmos drama. According to the dYdX founder in that same Twitter thread, “[a]pps should transcend any particular technology they are built on,” and “[t]his is not to say we aren’t huge fans of cosmos.” Source link

Bitcoin Exchange Supply Only Slips Further Despite Price Decline

boss

On-chain data shows that the Bitcoin exchange supply has only continued to slip further recently despite the price drop to the $29,200 that BTC has observed. Bitcoin Exchange Supply Has Declined To Just 1.17 Million BTC Now According to data from the on-chain analytics firm Santiment, the latest decline in the price doesn’t look to have triggered a severe reaction from the market yet. The relevant indicator here is the “supply on exchanges,” which measures the total amount of Bitcoin supply that’s currently being stored in the wallets of all…

Canada Unveils New Bank Capital Rules for Crypto Holdings

“Deposit-taking institutions and insurers need clarity on how to treat crypto-asset exposures when it comes to capital and liquidity,” said Peter Routledge, Superintendent of Financial Institutions, in a statement. “We look forward to giving them this clarity through these new guidelines that reflect industry input and international standards.” Source

Bitcoin Miners Buy up Rigs as Prices Near All-Time Lows

boss

Mining rigs are getting cheaper mainly due to a decline in bitcoin’s hashprice, the revenue miners generate per terahash of computing power. This measure of profitability, which factors in Bitcoin’s network difficulty, price, energy costs, block subsidies and transaction fees, has been “choppy and steadily decreasing” in the past year, Harper said. Original