Day: September 28, 2023

Buenos Aires to issue blockchain-based digital ID

Buenos Aires, the capital of Argentina, is making a major move toward integrating its bureaucracy with blockchain technology. Starting in October, the city’s 15 million residents can access identity documents via a digital wallet, according to an announcement on Sept. 28.  The first documents to be available on-chain include birth and marriage certificates, along with proof of income and academic verification. The announcement notes that health data and payment management will be integrated in the future, and that a roadmap for rolling out the blockchain-based solution across the country will…

Research Firm Reveals Its “Altcoin Trading Playbook”

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A research firm has revealed an altcoin trading playbook that could serve as a guide for navigating the next cryptocurrency bull run. K33 Research Shares Its Altcoin Trading Playbook In a new post on X, K33 Research (formerly Arcane Research) explained that new altcoins make better trades than old ones. The firm has given a few reasons for why this is so. “In lack of price-driving fundamentals, the narratives and liquidity matter,” explains the research organization. “And new coins generally outperform old coins.” K33 Research has used the example of…

JPMorgan, Citi Among Banking Giants Abuzz About Tokenization of Real-World Assets (RWA) as DeFi Craves Collateral

Edging towards the public Ethereum mainnet has always been a delicate business, given that banks have traditionally viewed public blockchains as more or less radioactive, both a reputational and compliance risk. JPMorgan’s head of Onyx Digital Assets, Tyrone Lobban, noted that the public Ethereum chain has evolved significantly over time, from the proof-of-work consensus mechanism to proof-of-stake. (The former is more energy-intensive and has made Bitcoin a bete noire of environmentalists, giving ESG-conscious banks reason to prefer the latter.) Plans to add better scaling technology and multiple data layers on…

Report Reveals Crypto Whale Center With Majority Of Transactions Crossing $1 Million

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A report from blockchain data analytics platform Chainalysis has revealed that the majority of crypto transactions in the United Arab Emirates (UAE) from July 2022 to June 2023 have been whale transactions, crossing over $1 million each.  Majority Of UAE Crypto Transactions Exceeds $1 million  The report from Chainalysis reveals that institutional investments accounted for the majority of cryptocurrency transactions in the UAE with over 67% from July 2022 to June 2023.  The Institutional investments in the country range from $1 million, followed by professional investments ranging from $10,000 to…

Maker (MKR) Rockets To $1,500 With 15% Surge, Will This Run Continue?

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The Maker token, MKR, has managed to break the $1,500 level with a sharp 15% rally as on-chain data shows MKR has seen high address activity recently. Maker Has Outperformed Top Coins With 15% Rally In Past Week While giants like Bitcoin have struggled recently, MKR has proven to be different as the coin has observed an impressive run of bullish momentum. Following the latest leg up in the asset’s rally, it has surged past the $1,500 level, a feat it hasn’t replicated since May 2022, almost a year and…

Ethereum News Catalyst Could Trigger Triangle Breakout To $4,000

Could bullish Ethereum news related to the launch of an ETH futures ETF be the catalyst that triggers a massive breakout of a nearly 16-month long ascending triangle pattern? If the pattern is valid, the target is roughly $4,000 per ETH and a revisit to former all-time highs from the last bull market. VanEck Announces ETH Futures ETF Global asset manager VanEck, known best for its ETFs and Mutual Funds, today revealed the upcoming launch of the VanEck Ethereum Strategy ETF (ETUF). ETUF will be “an actively managed ETF designed…

Median Web3 developer salary stands at $128K in 2023

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A typical Web3 developer has a median salary of $128,000 in 2023. According to a recent survey by Pantera Capital, the highest Web3 engineer salaries are in North America at $166,610, followed by $102,226 in Europe, Middle East and Africa; $90,559 in Latin America; and $75,000 in the Asia-Pacific region. The survey featured over 1,600 respondents across 77 countries, with 40.1% of respondents working in the decentralized finance sector, followed by centralized finance (26.1%) and blockchain infrastructure (15.2%). Less than 2% of the developers surveyed said they worked in a physical…

11 things to do when considering adding digital assets

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As digital asset options continue to gain attention and acceptance from investors, traditional financial institutions may be considering adding digital assets to their offerings and/or portfolios. As with any other industry, “standing still” isn’t an option in the financial sector, and tapping into the potential of digital assets can help TradFi organizations tap into an enthusiastic and growing new customer base. Further, adding digital assets can diversify a traditional portfolio, offering a hedge against market downturns. However, any upside achieved from being viewed as an innovative early adopter can quickly…

Bitcoin, XRP Price Receive Boost After Coinbase Announcement

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The Bitcoin and XRP price are showing some green on low-timeframes as certain narratives around the crypto space gain momentum. The cryptocurrencies stayed about two critical levels and could be poised to extend the trend in the coming days. As of this writing, the XRP price trades at $0.50 with a 1% profit in the last 24 hours. In the meantime, Bitcoin recorded a 2.4% profit over a similar period, but the number one cryptocurrency by market cap could underperform XRP and other altcoins. XRP’s price trades to the upside…

The Importance of Authenticity for Trust in an AI-Driven World

As AI systems become more advanced at emulating human behaviors and media, they erode authenticity, a key pillar of trust and the bedrock of all successful financial advisor practices. When chatbots, deepfakes, and AI-written text seamlessly impersonate real people, it fosters an atmosphere of misinformation and deception, hardly a successful recipe for a happy client. Without transparency around AI, people lose faith in what is genuine versus artificially manufactured online; to maintain trust in an AI-driven world, advisors need new safeguards and a vigilant mindset to ensure that the authenticity…