Crypto companies aim to build trust within future products and services
Companies are taking new approaches to building trust within Web3 and crypto products. Go to Source Powered by WPeMatico
Month: January 2023
Bitcoin yo-yos on US macro data amid call for BTC price to retest $17K
A hint of BTC price volatility accompanies non-farm payrolls and unemployment figures, with the U.S. dollar dropping to favor Bitcoin bulls. Go to Source Powered by WPeMatico
Balancer warns some LPs to remove liquidity ASAP because of a ‘related issue’
The team did not disclose what the issue is, but stated that it “cannot be mitigated by the emergency DAO.” Go to Source Powered by WPeMatico
BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues
According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion, going from $21.84 billion to its current level of $16.77 billion. Stablecoin … Read more
Fidelity downsizes value of its Twitter holdings
Fidelity has downsized the value of its investment in Twitter by more than half its initial stake in Elon Musk’s takeover of the social media platform. Go to Source Powered by WPeMatico
Cathie Wood’s ARK enters 2023 with $5.7M Coinbase stock purchase
Cathie Wood’s ARK Invest doesn’t give up on its buy-the-dip purchases, purchasing another $5.7 million worth of Coinbase shares. Go to Source Powered by WPeMatico
Singapore’s lobbyists oppose proposed blanket ban on lending crypto tokens
The feedback was given in response to a proposed ban by the Monetary Authority of Singapore published back in October. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: ETH Lower, as Markets Await Nonfarm Payrolls Report
Ethereum was marginally lower on Dec. 6, as markets prepared for this afternoon’s nonfarm payrolls report. December’s report is set to show an addition of 200,000 jobs to the U.S. economy, which would be down from November’s figure of 263,000. Bitcoin was also slightly down ahead of the release. Bitcoin Bitcoin (BTC) continued to hover … Read more
NFT Steez and Lukso co-founder examine the implications of digital self-sovereignty in Web3
NFT Steez chats with Lukso co-founder Marjorie Hernandez about how Universal Profiles onboards and empowers users with digital self-sovereignty Go to Source Powered by WPeMatico
Industry seeks solutions for NFT image-hosting disasters
NFT project executive Alex Altgausen said that if NFT projects are trying to disrupt traditional industries, they should explore storage technologies available in Web3. Go to Source Powered by WPeMatico
