Aptos was the weakest performer, falling 6.9% Source
CoinDesk 20 Performance Update: UNI Surges 10.4%, While Index Trades Mostly Flat
Category: ICO
Uniswap Developer Unveils Own Layer-2 Network, Unichain, Built on Optimism Tech
Over the course of the past year, layer-2s have popped up everywhere, and some in the industry have argued there is a growing fatigue, as well as fragmentation, because of these networks. Some pundits have argued that there could be thousands of layer-2 networks within a matter of years, and teams are already building layer 3s to run atop the layer 2s. Source
Dubai's VARA Fines, Issues Cease-and-Desist Orders Against 7 Crypto Entities
Dubai’s Virtual Assets Regulatory Authority (VARA) issued cease-and-desist orders and accompanying fines to seven entities for operating without the required licenses and breaching marketing regulations. Source
BTC, ETH Nurse Losses as Dollar Index (DXY) Nears 103.00 Ahead of US Inflation Report
Bitcoin (BTC), the leading cryptocurrency by market value, traded near $61,000, slightly higher than the overnight low of $60,400 but still down more than 1.5% over 24 hours. Ether (ETH) saw similar price action, trading 1.9% lower at $2,395. Other major alternative cryptocurrencies, BNB and SOL, traded 1% lower, with XRP down 0.6%, according to CoinDesk data. Source
£120k issued in fines to two companies for predatory marketing campaigns
Companies fined for making nearly 50,000 unsolicited marketing calls £120k issued in fines for companies targeting people with dementia in predatory marketing campaigns Victim became “afraid of answering the phone” after repeated calls Over £1.5m in fines issued for predatory marketing calls We have fined two companies for making unlawful marketing calls to individuals registered with the Telephone Preference Service (TPS). WerepairUK Ltd, based in Tonbridge, has been fined £80,000 for making 42,688 unsolicited calls. It has appealed our decision. Service Box Group Limited, based in Hove, East Sussex, has…
Uptrend in Bitcoin’s (BTC) Dominance Rate Threatened by Fed Rate Cycle, Crypto Asset Manager Says
BTC’s dominance rate, or the cryptocurrency’s share in the total market capitalization, has increased from 38% to 58% in two years, according to data source TradingView. In other words, BTC has seen faster gains relative to the wider market, leading the doubling of the total digital asset market value to over $2 trillion. Source
Nexus Launches ‘World’s First Open Prover Network’ in Beta
Livepeer, a decentralized video-streaming project, hosted an AI Demo Day, showcasing eight startups that participated in its AI Startup Program over the past three months. According to the team, “These groundbreaking startups are building the future of generative AI on decentralized infrastructure. They include: Flipguard, Katana Video, Newcoin, Operator, Origin Stories, Refraction, StreamEth and Supermodel. Applications are open for the Q4 cohort of the Livepeer AI Video Startup program, which includes $20K in grant funding. Applicants can apply here: https://livepeer.typeform.com/to/tMAF463P.” Source
Bitcoin (BTC) Price Dips Below $61K, Ether (ETH) Slips 3% as PlusToken Coins Moved to Exchanges
Earlier today, U.S. federal prosecutors charged crypto trading firms Gotbit, ZM Quant, CLS Global and MyTrade and their employees with market manipulation and fraud. Notably, a CoinDesk report in 2019 detailed how Alexey Andryunin, the co-founder of Gotbit and one of the individuals charged by prosecutors, built a business out of faking exchange volumes for tiny crypto tokens using trading bots to get listed on price aggregators like CoinMarketCap. Source
‘It’s Unlikely This Stuff Is Gonna Be a Currency’
“But I did teach this stuff up at MIT and so forth, so I’m just going say this – these debates literally go back to Plato and Aristotle,” he said. “This is 3,000 years of history. Hundreds of great nations, thousands of nation-states – we tend to have one currency per geographic economic state. We tend even not to have bimetallism.” Source
CPI Growth Is Set to Slow Even More
And that’s good news for risk assets like bitcoin and ether, says Scott Garliss. Source