Category: Latest news
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Senator Warren says banks have ‘done really bad jobs’, advocates for CBDCs instead of Bitcoin
[ad_1] Ad U.S. lawmaker Senator Elizabeth Warren conceded that banks “have done a really bad job” while advocating for central bank digital currencies (CBDCs) because the government backs them. In a March 31 NBC Meet The Press interview, Warren highlighted several banking industry issues — including high transaction fees, lack of speed, and lack of…
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How to resist CBDCs & avert a dystopian future
[ad_1] Ad Central Bank Digital Currencies (CBDCs) are similar to decentralized cryptocurrencies such as Bitcoin, except they centralize power and influence to a single entity – whose objectives may not match yours or mine. Recent months have seen an acceleration in CBDC development. In conjunction with numerous political blunders coming to light, including the mishandling…
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Comparing Bitcoin’s spot and derivatives markets in Q1 2023
[ad_1] Quick Take As Q1 has ended with a remarkable Bitcoin performance of over 70%, it is worth analyzing the spot vs. derivatives trend over Q1. The network is much healthier at the end of the quarter than when we started back in January. The exchange balance is now flat year-to-date, with roughly 2.28 million…
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Lessons For Move-to-Earn Projects in 2023
[ad_1] Ad Move-to-Earn, a protocol that tracks users’ movement via geo-tracking and rewards them for physical activity, gained widespread recognition last May, surpassing GameFi in search interest. However, the genre is essentially just two projects on Solana: Walken and STEPN. The two games have a similar premise but approach tokenomics, gameplay, and design differently. GameFi…
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Justin Sun calls media reports about Huobi stake sale ‘April fools prank’
[ad_1] Ad Justin Sun denied reported rumors about him being in talks to sell a stake in crypto exchange Huobi Global — calling them an April Fool’s joke. Sun said: “Rest assured, Huobi is committed to providing our users with a safe, reliable, and innovative platform for trading and investing in cryptocurrency.” Rumors of sale…
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Attorney claims Ripple vs SEC case verdict may take 2 more months
[ad_1] Ad Crypto enthusiasts, developers, and crypto firms eagerly await the Ripple vs. SEC ruling to determine the next direction for the industry. Notably, legal professionals in the cryptocurrency industry predicted that the case would round up yesterday, March 31, following judge Torres’s ruling. But it didn’t happen. Instead, the attorney representing thousands of XRP…
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Vitalik Buterin reveals major challenge for Ethereum’s future – and how to solve it
[ad_1] Ad Ethereum Co-Founder Vitalik Buterin shared his musing on an “underdiscussed, but nevertheless very important” aspect of the Ethereum ecosystem in a recent blog post this weekend. The post entitled “How will Ethereum’s multi-client philosophy interact with ZK-EVMs?” focused on the technical challenges, trade-offs, and potential solutions for creating a multi-client ecosystem for ZK-EVMs.…
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Bitcoin maintains resilience in face of continuing market uncertainty
[ad_1] Ad TLDR Bitcoin broke out of a potential bear market according to realized price cohorts. Record-breaking BTC options expired on Friday. On March 14, the U.S. government sold 9,861 BTC, and approximately 41,490 BTC remains. U.S. PCE data comes in slightly lower than expected E.U core inflation hits all-time high UK house prices suffer…
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Lumber to gold ratio breaks down, suggesting a risk-off environment
[ad_1] Quick Take So far, 2023 has been a good year for Bitcoin and risk assets, with Bitcoin up 71%, Nvidia up 92%, and Meta up 68%. The S&P 500 is up 7% while the Nasdaq is up 20% However, the lumber-to-gold ratio indicates a risk-off environment, and the stock market has always followed a…
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Kraken sponsors F1 car with Bitcoin whitepaper
[ad_1] Ad Crypto exchange Kraken has sponsored a Formula 1 (F1) sports car featuring a section of the Bitcoin whitepaper, as revealed on Twitter on March 31. Kraken logo is actually BTC whitepaper The Kraken logo, featured on a car belonging to Formula 1 team Williams Racing, is in fact made up of several lines…