Day: October 23, 2023

The evolution of decentralized exchanges: A comparative analysis

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Let’s dive into the evolution of DEXes as we explore the shift from automated market makers (AMMs) to the time-tested order book model. We must understand the inherent advantages and challenges of each approach, and discover how UTXO-based blockchains can reshape the trading landscape and bridge the gap between traditional finance and the dynamic world of crypto. Quick takes DEXes address centralized exchange challenges, but centralized platforms still offer superior trading functionalities not found in Web3. The AMM model revolutionized DeFi but comes with limitations like impermanent loss and slippage.…

Philips Raises Full-Year 2023 Expectations after Impressive Q3 Results

In light of its stellar performance and the resilience displayed in the face of challenges, Philips looks to uphold its commitment to creating enduring value and delivering sustainable impact in the long term. Philips, a prominent Dutch health technology company, has exceeded market expectations in its 2023 third-quarter performance, leading to an upward revision of its full-year outlook. The company’s core profit more than doubled, reaching an impressive 457 million euros ($483.3 million), while its comparable sales observed a significant 11% surge, totaling 4.5 billion euros. Philips Raises FY Outlook…

Bitcoin (BTC) Gains as Trading Volume Surges

The first coins ever floated as an experiment by the creator of the decentralized exchange Uniswap are now trading at more than $3 million per token (yes, that’s not a typo), with a supply of just 4.4 tokens. The original tokens were released by Uniswap creator Hayden Adams in 2019, back when the exchange was in its very initial stages. While the first-ever coins to be seeded and traded on the platform were never intended to hold any value, and a large part of the supply was destroyed soon afterwards,…

Bitcoin (BTC) Miner Bit Digital (BTBT) Diversifies Into ‘Substantially Higher Margin’ AI Infrastructure Business

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The miner will rent out a minimum of 1,024 graphic processing units (GPU) and a maximum of 4,096 GPUs to the unidentified customer. The deal, at minimum, is expected to generate between $23 million and $27 million in annual revenue, starting January 2024. If extended to three years and with the maximum number of GPUs, the contract could generate more than $250 million of revenue, the mining firm said. Original

The Dogecoin Advance: A Double-Digit Boost In The Cards?

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Dogecoin (DOGE) remains a notable outlier in the cryptocurrency market, as it struggles to replicate the impressive price surges seen in other digital assets. However, all hope is not lost. Despite its lackluster performance, market expert Ali Martinez has offered a glimmer of hope for DOGE enthusiasts.  Martinez’s technical analysis, based on the TD Sequential indicator, has signaled a potential uptrend for Dogecoin. However, investors should approach these predictions with caution, as the market’s volatility remains a significant factor. #Dogecoin appears ready to start a new uptrend! The TD Sequential…

Reddit removes moderators involved in alleged insider trading of MOON tokens

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Reddit’s r/CryptoCurrency community has fired two moderators who were found to be involved in insider trading of the Moons (MOON) token, Cointelegraph has confirmed. As Cointelegraph reported on Oct. 20, at least three wallets linked to Reddit group moderators dumped hundreds of thousands of dollars worth of MOON tokens on Oct. 18, just minutes before the official announcement of the closure of the blockchain-based points program that involved the use of certain cryptocurrencies native to each community. The market dump by the three wallets was highlighted by on-chain analysis accounts…

FTX SBF’s Trial Reaches Final Stages, What’s Next?

Bankman-Fried’s legal team, led by Mark Cohen and Christian Everdell, has encountered difficulties in presenting a coherent narrative to the jurors. FTX co-founder Sam Bankman-Fried‘s trial is nearing its conclusion, with the prosecution set to conclude their case on October 26 after nearly 20 testimonies. The prosecution has called upon a wide range of witnesses over the past three weeks, including former FTX employees, customers, investors, government officials, and law enforcement agents. FTX Co-founder’s Trial The central argument of the case revolves around the allegation that Bankman-Fried intentionally deceived these…

MetaMask security partner Blockaid secures $33M funding

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Blockaid, a blockchain security startup and partner of the MetaMask cryptocurrency wallet, has secured $33 million funding to scale its technology designed to stop malicious transactions. The Series A funding round for Blockaid was led by major industry venture capital firms, including Coinbase investor Ribbit Capital and the early-stage VC firm Variant. Other funding members included Sequoia Capital, Cyberstarts and Greylock Partners. Announcing the news on Oct. 23, Blockaid also said its security platform is coming out of stealth with its inaugural customers like MetaMask, the OpenSea marketplace, the Rainbow…