Month: May 2024

Your Marketing is Fueling a Bot Epidemic

Shillers (because, let’s be honest, they are not real KOLs) bring the hype, cost projects tens of thousands, and pass rewards and marketing budgets on unengaged users who leave the project as soon as it’s out. Yet, in the data-powered MarketingFi, true KOLs have the potential to bring larger rewards and marketing budgets to audiences that will build projects further. But we need to employ analytics first, weed out the shillers, and bring larger incentives to the right creators. Source

U.S. Supreme Court Loss for Coinbase Leaves Company with Mixed Record

Because the scenario outlined in this case is narrow and unusual, it “will have limited applicability in arbitration-related jurisprudence going forward,” said Richard Silberberg, an arbitration lawyer with Dorsey & Whitney and a director of the New York International Arbitration Center. “The unanimous SCOTUS decision that a court, not an arbitrator, must decide whether the parties’ first agreement was superseded by the second was hardly surprising,” he added, because previous rulings had pointed in that direction. Source

Nigerian Prison Agency Held Responsible for Court Absence of Jailed Binance Executive

The Nigerian Correctional Service recently faced accusations of failing to bring Tigran Gambaryan, a jailed Binance executive, to a court hearing on May 22. A lawyer representing the Nigerian revenue collection agency subsequently requested the court to adjourn proceedings. This would allow him to investigate the reasons behind Gambaryan’s absence. Gambaryan Key to Nigeria’s Tax […] Source CryptoX Portal

Is $77,600 The Next Step For Bitcoin? On-Chain Pricing Model Hints So

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Data from a Bitcoin pricing model based on an on-chain indicator suggests that $77,600 may be the level where the asset will see its next peak. Bitcoin MVRV Pricing Bands Could Provide Hints About What’s Next In a new post on X, analyst Ali discussed what the Market Value to Realized Value (MVRV) Pricing Bands model could suggest about the cryptocurrency’s future. The MVRV ratio is a popular on-chain indicator that compares the Bitcoin market cap and realized cap. The former is just the total valuation of the asset at…

Sui and Mesh Combine Forces to Bring Simplified Transactions Across the Sui Ecosystem – Blockchain News, Opinion, TV and Jobs

Grand Cayman, Cayman Islands, May 23rd, 2024, Chainwire With the addition of the Mesh platform, Sui Wallet will achieve product parity with the world’s largest self-custody wallets, while Mesh now natively supports the SUI token Sui, the pioneering Layer 1 blockchain that offers industry-leading performance and nearly infinite horizontal scaling, and Mesh, the leading embedded finance solution for crypto, today announced the integration of Mesh’s seamless digital asset transfer and account aggregation technology with Sui Wallet and all other wallets within the Sui ecosystem that adopt the tooling. With the…

Bitcoin Price Drop Below $70,000 Apparently Driven By Lack Of Interest, Glassnode Data Shows

On-chain analytics platform Glassnode has provided insights into why the Bitcoin price recently dropped below $70,000. The platform suggested that the flagship isn’t yet seeing enough demand, which could send its price to new highs.  Demand For Bitcoin Is Still Modest In one of its latest market reports, Glassnode mentioned that “the rate at which new capital is flowing into the Bitcoin network has slowed down considerably from its peak.” They made this assertion based on the Realized Cap metric, which measures the value of each Bitcoin based on the…

A Guide for Financial Advisors

In both cases, owning the underlying asset enables full portability, 24/7 liquidity, and the ability to do things on Bitcoin or Ethereum crypto rails (namely global payments, Decentralized Finance, and more). However, the ETH ETF now introduces a key aspect that advisors should consider. Unlike bitcoin, ether can become a yield-bearing asset by staking it to help secure the Ethereum network. It is very unlikely that the first ETH ETFs offer any staking rewards to investors for a number of regulatory and operational reasons of the issuers. Today, owning and…

Crypto industry doesn’t need Bitcoin anymore

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In an interview posted Thursday, Charles Hoskinson called the Bitcoin following a ‘religion’ and unsustainable.  Hoskinson, CEO of IOG, a profit-oriented company that builds Cardano (ADA) software, made this bold declaration in a recent interview and criticized Bitcoin’s devout following, likening it to a religion, declaring that the crypto industry has outgrown its dependence on Bitcoin (BTC). “The industry doesn’t need Bitcoin anymore to survive. It’s nice to have a digital asset like Bitcoin that has that reputation and its digital goal,” Hoskinson said, “Remember, at the end of the…