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…
Month: September 2023
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
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
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
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…
Examining dYdX’s Path to Profitable DeFi
Examining dYdX’s Path to Profitable DeFi Source
Using Proof-of-Stake for a Decentralized Credit Bureau
CryptoX – Cryptocurrency Analysis and News Portal Using Proof-of-Stake for a Decentralized Credit Bureau Source The post Using Proof-of-Stake for a Decentralized Credit Bureau appeared first on CryptoX. CryptoX Portal
Bitcoin to $27K next? 1-week BTC price highs precede speech by Fed’s Powell
Bitcoin (BTC) hit new weekly highs after the Sept. 28 Wall Street open as markets awaited fresh cues from the United States Federal Reserve. BTC/USD 1-hour chart. Source: TradingView Bitcoin summons volatility ahead of Powell speech Data from Cointelegraph Markets Pro and TradingView showed BTC price strength staging a comeback on Sept. 28, having delivered what some referred to as a classic “pump and dump” 24 hours prior. During that performance, highs of $26,823 appeared on Bitstamp due to 2% daily gains before Bitcoin retraced all of its progress. A slower…
Europe’s Crypto Industry Wants Staking Clarity as Regulations Loom
“From staking and lending, people can obtain certain gains, and those gains are interesting from the tax perspective,” Luis Calvo-Parra Martínez, an official from the tax arm of the European Commission, told the same event, adding that “it would be good for legal certainty to have a legal definition for those [services], which now – I wouldn’t say is lacking, but could be put more black on white.” Source