FTX Exchange’s founder and CEO Sam Bankman-Fried offered a reassuring perspective on this year’s plummet in crypto asset prices on Monday, arguing at the SALT conference in New York that the decline was part of a broader sell-off on Wall Street. “Everything’s down this year because dollars are up this year,” Bankman-Fried, a multibillionaire and crypto industry heavyweight, told interviewer…
Wintermute is now the Tron ecosystem’s official market maker, helping the crypto project’s native TRX token improve liquidity across various exchanges. Market makers are vital agents in the world of finance, crypto included. They assist in making trading pairs more liquid by acting as a buyer and seller on both sides of a trade. When a crypto trader places a…
Bitcoin’s hashrate has been running hot despite the lower prices and the recent difficulty increases. In fact, blocks are being discovered faster than the ten-minute block interval average and because of this factor, the network’s reward halving may come sooner than expected. While some halving counters that simply leverage the ten-minute average note the halving is expected in May or…
Known as Web2, the current iteration of the internet emphasizes creating and distributing user-generated content. Websites like YouTube, social media apps like Instagram and Twitter, news sites, personal blogs and more make up a large part of the internet. Web2 is a step up from Web1, which was mainly a read-only web version filled with simple static websites. Web3 aims…
Reggie Fowler, a former NFL team owner and alleged “shadow banker” who might face up to 30 years of imprisonment, asked the court of the Southern District of New York for a six-month adjournment. Technically, it was Fowler’s lawyer Ed Sapone who requested “unusually long adjournment”, justifying it with his “serious medical condition” as well as with the necessity to…
Palazzo Versace Dubai is now accepting bitcoin for goods and services in the UAE. Customers can pay for events, spa experiences, and other services on site with the Binance app.The resort plans to launch online payment integration for bitcoin in the near future. Palazzo Versace Dubai, a luxury resort in the United Arab Emirates (UAE), is now accepting bitcoin and…
Bitcoin (BTC) has rebounded by 20% to almost $22,500 since Sep. 7. But bull trap risks are abound in the long run as Elon Musk and Cathie Wood sound an alarm over a potential deflation crisis. Cathie Wood: “Deflation in the pipeline” The Tesla CEO tweeted over the weekend that a major Federal Reserve interest rate hike could increase the possibility of deflation.…
A report from blockchain analytics platform Nansen highlights five entities that hold 64% of staked Ether (ETH) ahead of Ethereum’s highly anticipated Merge with the Beacon chain. Ethereum’s shift from proof-of-work to proof-of-stake is set to take place in the coming days after final updates and shadow forks were completed in early September. The key component of The Merge sees miners…
Decrypt Learn: The Ethereum Merge The Ethereum Merge to Proof of Stake (PoS) is one of the most significant technological upgrades in recent history. But why evolve Ethereum at all? Learn the difference between PoW and PoS, why PoS will decrease Ethereum’s carbon footprint by 99.95%, and more in the Infura Web3 Dev Series: The Merge Explained. Author: Clarissa Watson,…
Independent developer and Bitcoin proponent Udi Wertheimer created quite a buzz on crypto Twitter earlier on Sept. 12, after he claimed that a proof-of-stake (PoS) based yield reward system for staking is more of a penalty for non-stakers. Wertheimer who is a well-known Ethereum critic believes that the PoS staking reward system isn’t exactly a yield reward. In PoS staking,…
