In an email from Oct. 20, 2022, Silbert described a lunch meeting with Winklevoss where he discussed the challenges facing Genesis and, by extension, the Gemini Earn platform, which operated in conjunction with the DCG-owned lender. Silbert suggested a merger of the two firms, which could later lead to the merged companies going public. Source
A part of the project SOURCE [On NFTs] is about looking at ideas of truth through history, specifically in terms of the NFT space. It really is a project that was influenced by the making of this book. We trained an algorithm on a tower of key texts, historical texts — everything from fourth century philosophy, cryptographic white papers, works of science fiction and politics using a form of machine learning. It found a kind of soul in each text, all these keywords. By using machine learning in a completely…
Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau’s Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime. Source
The CoinDesk 20 tracks the world’s largest and most-liquid cryptocurrencies in an investible index available on multiple platforms. The broader CoinDesk Market Index comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization. Source
In the morning hours of U.S. trading, bitcoin took out the Tuesday record of about $69,200 and rose to $70,136, CoinDesk Bitcoin Index (XBX) data shows. But within seconds, selling took hold and less than one hour later, the price had tumbled more than 3% to as low as $66,500. Source
The second-largest cryptocurrency last surpassed that level in December 2021. Source
Disappointment about easier Fed policy, however, hasn’t translated into any difficulty in asset markets, where the major U.S. stock averages and the price of gold are all at or near all-time highs. As for bitcoin, it too has hit a new record this year, though any concerns about the economy or path of interest rates have taken a big back seat to the overwhelming demand from the spot ETFs. Source
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Traders have been using meme tokens as a proxy bet on the growth of Ethereum or other blockchains. Source
The stablecoin earns yield by shorting ether futures and capturing funding rates – which have surged in the past two weeks. Source