Category: Latest news
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Young entrepreneurs to launch decentralized storage app hello.app to take on centralized cloud giants
[ad_1] Hello.app, a decentralized storage system designed to offer innovative solutions for Web3 users, has been unveiled by the teenage visionary entrepreneurs Álvaro Pintado Santaularia and Alexander Baikalov. Secures €300k funding According to an Oct. 17 statement shared with CryptoSlate, the project recently secured €300,000 in a pre-seed funding round, valuing the company at €1.4…
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Ripple job posting stirs new rumors about company’s IPO plans
[ad_1] A recent job posting for a Shareholders Communication Senior Manager at Ripple has led to increased speculation about the cryptocurrency firm’s plans to go public. The job Ripple (XRP) is seeking candidates for Shareholders Communication Senior manager in its New York, Miami, and London, U.K. offices, according to its website. The role entails managing…
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Echoes of ’07: 10-year U.S. Treasury note yield rises to pre-crisis levels
[ad_1] Quick Take The bond market is exhibiting significant destruction, as reflected by the current state of the U.S. 10Y note. Recently, the yield on the note surged above 4.843%, a high unseen since 2007 and just 17bps from the 5% mark. This high-yield period precedes the creation of Bitcoin by several years, illustrating just…
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Crypto community debates if fake approval news can hurt Bitcoin ETF chances
[ad_1] On Oct. 16, a false report published by major crypto-focused media outlet Cointelegraph sent shockwaves through the industry over its claim that the U.S. Securities and Exchange Commission (SEC) had approved BlackRock’s application for a spot Bitcoin (BTC) exchange-traded fund (ETF). In the wake of this news, BTC’s price surged to over $30,000, only…
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Bitcoin’s Lightning Network powers innovative publisher monetization tools by Mash and TFTC
[ad_1] Media monetization platform Mash and publishing firm TFTC have joined forces to introduce innovative publisher monetization tools powered by Bitcoin’s (BTC) Lightning Network (LN), according to an Oct. 17 statement shared with CryptoSlate. These collaborative products encompass monetization, growth, and engagement solutions for publishers. Their primary goal is to address challenges related to monetizing…
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Lightning Network transactions increased by 1,212% in two years
[ad_1] The Lightning Network, a second-layer (L2) solution built atop the Bitcoin blockchain, has drastically changed the way the crypto market perceives transaction speeds and costs. Designed to address the scalability issues of Bitcoin, it facilitates instant, low-cost transactions by creating off-chain payment channels. This solution ensures that not every transaction must be recorded on…
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FTX eyes return of $9 billion in customer funds through settlement proposal
[ad_1] Bankrupt FTX might claw back 15% from customers with claims over $250,000 from the platform nine days before its bankruptcy by requiring them to reduce claims, per an Oct. 16 statement. FTX is proposing a settlement to customers who withdrew more money from their accounts than they deposited in the 9 days before FTX…
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Uniswap Labs introduces first ever transaction fee as UNI falls 4.5% against Bitcoin
[ad_1] Uniswap Labs, the creator of the popular decentralized trading protocol Uniswap, is taking a significant step by introducing a transaction fee for the first time in its history. Uniswap’s native token, UNI, fell 2.4% ahead of the introduction of the new transaction fees, while Bitcoin rallied, causing UNI to register a 4.5% drop against…
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Australian central bank says CBDCs, tokenization have potential to become the future of money
[ad_1] The Reserve Bank of Australia (RBA) is actively considering the potential adoption of a central bank digital currency (CBDC) as a transformative step towards the future of money and financial transactions. Brad Jones, Assistant Governor (Financial System) at the RBA, said in a speech titled “A Tokenised Future for the Australian Financial System” that…
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Artfi attracts 25,000 collectors ahead of official launch
[ad_1] Art technology firm Artfi has drawn over 25,000 interested collectors with the release of its Genesis Pass Whitelist in anticipation of its official launch. Genesis Pass NFT holders will gain eligibility to acquire fractionalized art from the Artfi platform. To kick things off, Artfi’s partnership with renowned artist Sacha Jafri means users can access…