Back then, most central banks, including the Fed, were pumping record amounts of money into the system through zero interest rate policy and unlimited bond buying to help the global economy absorb the shock from the coronavirus pandemic. They are unlikely to revert to the ultra-easy policy in the near term. Recently, the Bank of Japan, the last heavyweight running a loose monetary policy, has begun turning hawkish. Source
Curve Finance, a popular decentralized (DeFi) protocol, has recently announced that it was rewarding persons capable of identifying the exploiters behind the draining of over $61 million from the platform’s stable pools on July 30. The huge bounty offer is open to every person who can pinpoint the individual behind the incident in such a way that would lead to definitive legal repercussions. Curve Finance Extends Bounty Offer to the Public Curve Finance announced the public offer using an Ethereum transaction’s input data, noting that the allowed time for the…
Worldcoin has been in the spotlight since its launch on July 24, with users lining up to scan their irises for a digital ID and others questioning its methods for collecting data. The project is built on the premise of supplying users with a digital ID via an iris scan that can be used for instant verification online and, in the future, for issuance of a universal basic income (UBI). day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now. pic.twitter.com/vHRu1sWMT3 —…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ethereum has been consolidating above the $1,800 mark over the past week while the asset witnessed a significant drop in whale activity. According to data provided by a market intelligence platform Santiment, Ethereum (ETH) whales’ activity has been constantly on a downward momentum. Ethereum whales completed 3,976 transactions, each worth at least $100,000, on Aug. 1. ETH price, supply, and whale activity – Aug. 7 | Source: Santiment At the time of writing, Santiment recorded only…
Universities have a “critical” role to play in terms of nurturing the next generation of Web3 talent, and the academe must understand it to guide students toward the right vision, according to Czhang Lin, the CEO of Web3 venture fund LBank Labs. On Aug 2, the venture capital firm announced the winners of its Summer Bootcamp competition for university students. Various participants from different academic institutions participated to win a trip to Cabo San Lucas, Mexico and mentorship opportunities from various crypto funds. We are thrilled to announce the winners…
Polygon (MATIC), a prominent player in the cryptocurrency market, faced a volatile journey in July, as it initially cleared significant gains but encountered setbacks that have left investors and enthusiasts eager for signs of a resurgence. As of the latest data from CoinGecko, the MATIC price stood at $0.66, reflecting a 24-hour slump of 0.4% and a seven-day decline of 4.7%. While the token’s price performance has been fluctuating, technical indicators suggest the potential for a rebound. Source: Coingecko Polygon: Testing Retracement Levels A crucial tool in analyzing MATIC’s price…
After a major rebranding of the popular social media platform Twitter to X, Elon Musk has now rebranded the popular Twitter Blue subscription services to X Premium. The X Premium subscription services come with an ad revenue sharing model that will make all eligible X Premium subscribers eligible for a share of the ad revenue based on their engagement on the platform. Only those X-Premium subscribers will be eligible for ad revenue who receive at least 15 million total impressions on their posts in the last 3 months, have at…
Kenyan police raided Worldcoin’s Nairobi warehouse and confiscated documents and machines on Saturday. Source
The report, commissioned by Cardano developer Input Output, compared second-quarter developments against first-quarter figures. It noted that while transaction activity grew, the number of active daily users decreased 4% – the fourth drop in address activity in the past five quarters. Source
In the world of Bitcoin, silence is not always golden. The recent weeks have seen Bitcoin’s price volatility drop to historical lows, with the BTC price trading mostly between $29,000 and $30,000. However, beneath this placid surface, a number of intriguing market dynamics are at play. “Realized volatility for Bitcoin has collapsed to historical lows. Across 1-month to 1yr timeframes, this is the quietest we have seen the corn since after March 2020. Historically, such low volatility aligns with the post-bear-market hangover periods (re-accumulation phase),” stated Checkmate, lead on-chain analyst…