Month: September 2023

Forex vs. cryptocurrency trading, explained

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Forex trading, commonly referred to as foreign currency trading, entails buying and selling other currencies to increase one’s financial gain.  Forex trading involves trading fiat currency pairings and is open 24 hours a day during weekdays — i.e., closed on weekends — with trading sessions in major financial hubs, such as London, New York, Tokyo and Sydney. The first currency in the pair is known as the “base currency,” and the second currency is referred to as the “quote currency” or the “counter currency.” For instance, the United States dollar…

Goldman Sachs Says Rally in AI Tech Stocks Is No Bubble

According to Goldman Sachs, the spike in AI stocks is here to stay, and reflects the beginning of a new tech wave, not a bubble. Global investment banking and financial services firm Goldman Sachs (NYSE: GS) has stated that the current explosion in artificial intelligence (AI) adoption is not a bubble. Despite worries that the spike in AI interest and related tech stocks might be weak, Goldman Sachs states that the popularity of these stocks is more of a revolution than a bubble. Some analysts believe the pump in tech stocks from…

Here Are Important Excerpts About Dogecoin

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The much-anticipated biography of the world’s richest man, Elon Musk, recently dropped. As expected, it contains some interesting tales of Musk’s involvement with the meme coin Dogecoin and how he has contributed to its growth. Musk’s Love For Dogecoin Runs Deep Musk’s biography, authored by Walter Isaacson, contains certain important parts that highlight how much the world’s richest man is invested in the token. In one part, Isaacson writes that Musk’s brother discussed the possibility of creating a blockchain-based social media platform that would include a payment system using Dogecoin. …

PUBG devs’ Web3 project, Animoca’s $20M raise, Shardbound review – Cointelegraph Magazine

PUBG meets Cosmos Krafton, the company behind PlayerUnknown’s Battlegrounds (PUBG), is venturing into Web3 with Settlus, a Cosmos-based blockchain project specifically designed for the creator economy. Settlus aims to provide content creators with a payment platform that streamlines transparent settlement processes. The South Korean gaming giant’s project was announced at the Korea Blockchain Week’s Circle Hacker House event, co-presented by Circle and AngelHack. Circle CEO Jeremy Allaire highlighted PUBG’s large user base of 30 million monthly active users. Cosmos’ software development kit will serve as the framework, and network gas…

How to strike a balance between blockchain transparency and privacy: Nansen CEO

The world may be moving in a direction where people are more comfortable in having their assets and ownership available for everyone to see, according to Alex Svanevik, the CEO of blockchain analytics firm Nansen.  In an interview with Cointelegraph’s Zhiyuan Sun, Svanevik highlighted how a balance between privacy and transparency may be attained in the world of blockchain analytics. According to Svanevik, it’s not possible to get the entirety of both in blockchain. He explained that: “You cannot get 100% transparency and 100% privacy. I think many of us…

Polygon 2.0 — MATIC conversion to POL outlined in preliminary improvement proposals

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Polygon Labs’ vision of an interconnected layer-2 Ethereum ecosystem powered by zero-knowledge cryptography begins in earnest following three inaugural improvement proposals that will begin the transition to Polygon 2.0. The scaling technology firm unveiled Polygon 2.0 in June 2023, outlining plans for a scaling ecosystem made up of four protocol layers. The staking, interop, execution and proving layers all play a role in creating an interconnected ecosystem of chains that enable fast value transfer and information sharing. 1/ The wait is over. Polygon 2.0 implementation kicks off now with the release…

Polygon 2.0 Roll Out Begins, Is MATIC Set For A Major Surge?

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Polygon Labs announced today the roll out of their ambitious Polygon 2.0 implementation. The announcement, made via a tweet, marks the release of three pivotal Polygon Improvement Proposals (PIPs) and a detailed roadmap for phase 0. “The wait is over. Polygon 2.0 implementation kicks off now,” the tweet reads, signaling the beginning of a new era for the platform. Earlier this summer, Polygon Labs had unveiled their vision for Polygon 2.0, a roadmap that aims to scale Ethereum blockspace to create what they term as the “Value Layer of the…