dYdX announced the launch of its V4 private testnet this Tuesday, taking a significant step that will see the decentralized exchange (DEX) leave Ethereum. By the end of September, the platform will be fully running on Cosmos. The network allows developer teams to spin up their own native blockchains using the Cosmos Software Development Kit (SDK) according to their own…
MicroStrategy, a business intelligence firm and a major Bitcoin (BTC) investor, is acquiring more BTC amid the recent cryptocurrency market recovery. MicroStrategy co-founder and former CEO Michael Saylor took to Twitter on March 27 to announce that the firm has repaid its $205 million loan to Silvergate. Citing a form 8-K filing with the United States Securities and Exchange Commission,…
Bitcoin started the week trading around the $28,000 mark, as markets reacted to the news that Silicon Valley Bank was to be acquired. First Citizen Bank agreed to buy approximately $72 billion in SVB assets, at a discounted rate of $16.5 billion. Ethereum continued to trade under $1,800 on Monday. Bitcoin Bitcoin (BTC) started the week trading marginally higher, with…
The major yearly blockchain event, Paris Blockchain Week, brought together some of the biggest names in the blockchain and crypto industry in 2023. The three-day event starting on March 21 turned out to be a net positive for the crypto industry as prominent industry players came together to discuss and share their thoughts on the past, present and future of…
Despite being touted as the possible panacea, decentralized finance (defi) still faces obstacles which greatly diminish the prospects of mainstream adoption, asserts serial entrepreneur and CEO of Radix DLT, Piers Ridyard. Ridyard added that while defi is seen as “a fantastic proof of concept,” widespread adoption of this alternative to traditional finance is only possible when the developer and user…
Benjamin Von Wong, the Canadian artist who became Crypto Twitter’s main character last week after unveiling his “Skull of Satoshi” installation, said the work “was never meant to be anti-Bitcoin.” “It was an optimistic hope that Bitcoin could shift away from the needless burning of fossil fuels without losing all the other features that make Bitcoin safe, secure, and decentralized,”…
Authorities have previously alleged that Shin earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse. Source: https://cointelegraph.com/public/index.php/news/terraform-labs-co-founder-on-s-korea-crosshair-following-do-kwon-arrest
Bitcoin price is gearing up for a key monthly close that could see it dump its 2022 bear market for good. Source: https://cointelegraph.com/public/index.php/news/will-btc-ditch-the-bear-market-5-things-to-know-in-bitcoin-this-week
Despite the ongoing tumultuous market conditions, venture capital investments in European crypto startups hit an all-time high of $5.7 billion in 2022. Source: https://cointelegraph.com/public/index.php/news/european-defi-startups-saw-120-increase-in-vc-investment-in-2022-data
Jan Nieuwenhuijs, a gold market analyst, has predicted that gold might exceed prices of $8,000 during the next decade, as the current Ukraine-Russia war, and the worldwide battle against inflation, shift the preference of central banks for foreign currencies to gold. The proposed long-term price model shows that each troy ounce of the metal might touch the $10,000 mark. Analyst…
