Day: December 4, 2023

Ethereum Turns Deflationary With Over 106,000 ETH Burned In A Single Month

boss

The Ethereum ecosystem is back on track with its mission to ensure that Ether is deflationary following a significant increase in the burn rate. Several factors are said to have contributed to this milestone, including voluntary exits by validators.  Over 106,000 ETH Burned In The Last 30 Days According to data from Ultra Sound Money, over 106,000 ETH have been burned in the last 30 days. In that same period, only just over 70,000 ETH have been issued. This has caused a significant decrease in Ethereum’s supply, with it being…

Jellyverse Lands $2M in Seed Funding to Accelerate DeFi 3.0 Revolution

In addition to portfolio management, Jellyverse will feature JellySwap, a decentralized exchange that will serve as home to its native crypto JLY. Jelly Labs AG and Fintonomy LTD, the companies developing the initial protocols for Jellyverse, a decentralized finance network built on the Ethereum Virtual Machine (EVM)-compatible layer-2 DeFiMetaChain (DMC), have announced the completion of their joint seed funding round. According to a press release shared with Coinspeaker, the two companies secured $2 million from undisclosed investors to bolster the development of Jellyverse and drive the evolution of the next…

Web3 Attribution Platform Spindl Teams Up With AppsFlyer to Improve Blockchain Gaming Analytics

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Coinbase and MicroStrategy Stock Jump Almost 9% amid Bitcoin Rally

With MicroStrategy’s shares trading at $574 ahead of today’s open, a level not seen since April 2022, investors are closely watching the company’s performance amid the ongoing crypto resurgence. Recent market dynamics have highlighted the impact of the ongoing Bitcoin (BTC) price rally on certain stocks, with Coinbase Global Inc (NASDAQ: COIN) and MicroStrategy Inc (NASDAQ: MSTR) emerging as key beneficiaries in this unique correlation. In the past 24 hours, both COIN and MSTR stocks experienced a remarkable 9% surge in value, mirroring the 4% rise in Bitcoin’s price during…

ByBit sees BTC, ETH ‘flight’ of institutional investors to stablecoins

boss

The cryptocurrency exchange ByBit released its 4th quarter report on Dec. 4, highlighting and comparing trends between its institutional and retail investors.  The report found that institutional traders had some 45% of their assets in stablecoins, with the remaining split 35% in Bitcoin (BTC), 15% in Ether (ETH) and only 5% in altcoins, which the exchange categorizes as anything other than the aforementioned digital assets. The survey suggests that the “flight” to “safer assets,” like stablecoins, in a bear market “might explain this risk-averse asset allocation from traders.” Nonetheless, institutional…

Pascal Gauthier Has ‘Strong Features’ in Personality and Facial Makeup

Pascal is the front-facing person that millions of crypto investors trust with the most valuable digital assets they own. The face gives many cues about what might be inside a person’s head. I play off these themes in the stereoscopic 3D artwork. The art can be viewed in a variety of 3D methods including anaglyph 3D glasses, 3D TV, 3D tablets, VR and whatever comes in the future. Much as ledger has grown over the years and is positioned for the future, so is this art piece. Source

Caroline Ellison Had Her Mind ‘Hijacked’

My main concern with creating the piece was that I wanted to make sure it’s inspired by Caroline’s story but that it stays a piece of art in its own right, that it goes beyond being an editorial illustration. So it is loosely inspired by what I read about her, but when I sat down to write down and sketch ideas I was really going more into this intuitive mode, which I always do when creating art, as opposed to the more problem-solving approach when doing character design. Creating a…