Matthew Dibb, COO and co-founder of Stack Funds, said, “Sol has been underperforming relative to other Layer 1s recently, however, it is proving relatively stable given the hack today.” Nevertheless, he said he expects continued selling pressure over the short run as details of the hack emerge. Source
Decentralized mental health services could be the answer to the looming shortage of mental health professionals, according to professors from John Hopkins University based in Baltimore. Speaking to Cointelegraph, Dr. Johannes Thrul from the John Hopkins School of Mental Health postulated that the mental health support sector could take a page from Decentralized Autonomous Organizations (DAOs) by offering support services in a decentralized system. Dr. Thrul authored a July 22 academic paper looking into “Web3 and digital mental health,” envisioning a decentralized peer support system that relies on “individuals with lived experience”…
The largest crypto exchange platform in the US has just rolled out support for two under-the-radar altcoins built on top smart contract platform Ethereum (ETH). In a new announcement, Coinbase says it’ll launch trading for NFT-focused SuperRare (RARE) and food supply-chain platform TE-FOOD (TONE) on Tuesday once liquidity conditions are met. SuperRare is an exclusive crypto art marketplace that lists a curated selection of digital artwork from high-profile NFT artists and creators. Its marketplace began as a centralized platform until last year when it introduced RARE, its governance token, and…
On August 2, the Atlanta-based crypto payment services provider Bitpay announced that it has expanded its crypto asset support with two different crypto assets. Bitpay revealed the company has integrated apecoin and euro coin into the firm’s platform and the luxury retailer and designer Gucci has announced it will be the first merchant to accept apecoin through Bitpay. APE and EUROC Now Supported by Bitpay’s Payments Platform, Gucci Becomes the First Merchant to Accept APE via Bitpay’s Services Bitpay has added two new crypto assets to the company’s payment platform…
Can Polkadot (DOT) hold on to dear life as its price nosedived by 4% on the daily charts right after it peaked at $8.84? The $8 support line is seen as a critical zone for the coin, especially with the prevailing seller pressure going on. DOT is seen to go downhill or can plunge to $6 in the coming days. On the brighter side, the token’s price is generally bullish as shown in the extended increase which propelled its price to a high of $8.84 seen yesterday. On the other…
Université Paris Dauphine – PSL, the renowned institution of higher education, is collaborating with global crypto exchange Phemex. Professor Herve Alexandre will be the one to lead the research on DeFi and crypto in an educational space. Launched in 2019, Phemex is a Singapore-based crypto platform that’s quickly risen in the ranks among the top crypto derivatives exchanges. It now sees over $10 billion in daily average trading volume and serves over five million users around the world. Research is being led by Professor Alexandre, a well-known and respected professor of finance at…
The U.S. 10-year real yield has dropped 46 basis points in two weeks, offering bullish cues to risk assets, including bitcoin. Original
Bitcoin (BTC) rallied on the back of the United States Federal Reserve’s decision to hike interest rates on July 27. Investors interpreted Federal Reserve chairman Jeremy Powell’s statement as more dovish than the previous FOMC committee meeting, suggesting that the worst moment of tight economic policies is behind us. Another positive news for risk assets came from the U.S. personal consumption expenditures price (PCE) index, which rose 6.8% in June. The move was the biggest since January 1982, reducing incentives for fixed income investments. The Federal Reserve focuses on the…
The top Republican on the U.S. Senate Banking Committee, Sen. Pat Toomey (R-Pa.), said he’s dealing with Democrats to make his earlier proposal on stablecoin oversight a bipartisan effort, and Chairman Sherrod Brown (D-Ohio) confirmed he’s been involved in the discussion. Original Source BipartisanEffortRepublicanSeekingSenateStablecoinSupport CryptoX Portal
“The first place where we should be able to find common ground, and I actually think in many cases are close, is to chart a path forward for clear and sensible regulations on stablecoins,” Toomey said at a Wednesday committee hearing, mentioning his own push for oversight of the tokens. Source