Day: August 3, 2023

Base launches mainnet bridge UI for end users, sets Aug. 9 for official launch

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Coinbase’s Base network has released a user interface (UI) for its official bridge, allowing end users to onboard for the first time without relying on developer tools, according to an Aug. 3 announcement. The team has set Aug. 9 as Base’s “official” release date. The team will award over 100 Ether (ETH), worth approximately $184,000, in grants to developers and content creators as part of a month-long launch event called the “Onchain Summer.” Base is now open for bridging Base opens for everything on August 9 We’re helping throw an…

Should you let Sam Altman scan your eyeballs for WLD?

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OpenAI founder Sam Altman launched Worldcoin in July, a cryptocurrency token offered to people willing to share their biometric data by scanning their eyeballs with an Orb, seeking to link real-world identity with decentralized blockchain identity. Many aspects of the project embody the dystopian nightmare that the cypherpunks created Bitcoin (BTC) and other cryptocurrencies in order to avoid. The tokenomics for Worldcoin’s WLD token are such that only 1% of the total value is floating right now. That kind of overhang is unprecedented, even in the wild world of crypto…

Crypto and the Real Meaning of ‘Radicalism’

“Blockchain Radicals” can function partly as a deprogramming manual for those waylaid by this skewed and deceptive just-so story. Crucially, the book includes concise, workable, and open-minded introductions to basic crypto concepts like proof of work, smart contracts, non-fungible tokens. (NFTs) and distributed apps, as well as historical briefs on, for instance, the creation of Litecoin and “the DAO” hack. These are well-marked, and so easy to skip if you don’t need a refresher, but crucial for anyone who has spent years dismissing blockchains with a sneering hand-wave instead of…

Quant Explains How These Indicators Affect Ethereum Price

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A quant has explained how the indicators like taker buy/sell ratio and Coinbase premium index can influence the price of Ethereum. Ethereum’s Relationship With Taker Buy/Sell Ratio & Coinbase Premium Index In a new CryptoQuant quicktake post, an analyst has discussed some metrics that could hold relevance for the ETH price. The first indicator of interest here is the “taker buy/sell ratio,” which tells us about the ratio between the Ethereum buy and sell orders in the market right now. When this metric has a value greater than 1, it…

How will Bitcoin halving affect BTC price, and is DeFi dead?

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On the latest episode of Market Talks, host Ray Salmond spoke with Blockware Solutions account executive David Gamble about the future of Bitcoin (BTC) mining, expectations for the cryptocurrency’s price, and his views on how the decentralized finance (DeFi) sector needs to evolve.  Gamble described himself as a staunch believer in DeFi, but he added that protocols within the industry need to find ways to incorporate tokenized real-world assets instead of relying on mercenary capital and the attraction of liquid staking. According to Gamble, the steady entry of institutional investors…

Elon Musk’s X To Launch Trading App, Dogecoin To Play A Part?

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According to a recent report by Semafor, the company formerly known as Twitter (X) is making waves yet again, as it seeks to transform itself into a financial data giant by building a trading hub within its app. Will Dogecoin take the center of the stage? Elon Musk’s X Set To Disrupt Traditional Trading Platforms? In a request for plans viewed by Semafor and individuals familiar with the matter, the company outlined its vision for integrating financial content, real-time stock data, and other features into its platform.  The request emphasizes…

Shiba Inu Notches New Adoption Record In Anticipation Of Shibarium Launch

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Shiba Inu (SHIB) has been garnering attention in recent weeks, with its price showing a good recovery after reaching a yearly low in June. This coincides with the excitement around the upcoming launch of Shibarium, a layer-2 blockchain network for the second-largest meme token. It appears that the forthcoming Shibarium launch has propelled SHIB to a significant milestone, as the number of addresses holding the token has hit a new all-time record.  Shiba Inu Sets New All-Time High In Addresses Data from IntoTheBlock reveals that the number of SHIB addresses…

Individual charged with money laundering admits to hacking Bitfinex in 2016: Report

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One-half of the couple alleged to have laundered billions of dollars worth of cryptocurrency has reportedly admitted he was behind the 2016 Bitfinex hack. According to an Aug. 3 CNBC report, Ilya Lichtenstein told a U.S. court he was the individual behind an exploit of cryptocurrency exchange Bitfinex in 2016 that resulted in the theft of roughly 119,754 Bitcoin (BTC). Lichtenstein spoke as part of a plea agreement with prosecutors, who charged him and his wife, Heather Morgan, with money laundering conspiracy and conspiracy to defraud the United States. At…