The great debate of “crypto vs artificial intelligence” is heating up in 2023, but I don’t think it deserves to be scrutinized in a negative manner. Debates like these come naturally with all emerging technology. Remember the famous headline about the internet? “Internet ‘may be just a passing fad as millions give up on it,’” reads Daily Mail in December…
Month: March 2023
Arbitrum airdrop hype helps zkSync addresses jump over 5X in a week
Arbitrum, a layer-2 Ethereum scalability protocol, announced the airdrop for its governance token ARB on March 16, and eligible receivers are expected to get the token by March 23. The hype around its airdrop has now helped another layer-2 solution zkSync, to see significant week-over-week growth. zkSync is another layer-2 scaling solution or Ethereum that supports native L2 NFT and…
Non-profit to expand DLT adoption through grants of up to $5M
The non-profit organization DLT Science Foundation (DSF) has launched with the aim of fostering the adoption of distributed ledger technology (DLT). In an announcement sent to Cointelegraph, the DSF highlighted that it will offer support in several areas including education, innovation and research. This means that it will create educational material, workshops and open innovation programs as well as grants…
Silicon Valley Bank’s downfall has many causes, but crypto isn’t one
Silicon Valley Bank (SVB) boasted over $200 billion in assets and was a lifeline for crypto companies. Notably, it was one of the few institutions offering services to crypto companies in the United States as other banks shied away from the sector, fearing risk and the possibility of a sudden regulatory crackdown. The downfall of SVB, Signature Bank and Silvergate…
Silicon Valley Bank’s downfall has many causes, but crypto isn’t one
Silicon Valley Bank (SVB) boasted over $200 billion in assets and was a lifeline for crypto companies. Notably, it was one of the few institutions offering services to crypto companies in the United States as other banks shied away from the sector, fearing risk and the possibility of a sudden regulatory crackdown. The downfall of SVB, Signature Bank and Silvergate…
BTC Starts the Week Above $28,000, as Global Banking Crisis Worsens – Market Updates Bitcoin News
Bitcoin was trading above $28,000 on Monday, as cryptocurrencies extended a bull run to start the week. This upwards sentiment comes as the Federal Reserve and other major central banks made coordinated moves to enhance market liquidity. Ethereum continues to trade close to $1,800. Bitcoin Bitcoin (BTC) started the week trading above $28,000, as markets responded to the deepening global…
Synthetix nets $20M from Web3 quant trading firm
Tokenized asset issuance platform Synthetix has secured a $20 million investment through a new partnership with Web3 investment and quantitative trading firm DWF Labs. The market making and algorithmic trading company acquired $15 million worth of Synthetix’ native token SNX paid for with USD Coin (USDC) in March 2023. DWF Labs will be tasked with increasing SNX token liquidity and…
Synthetix nets $20M from Web3 quant trading firm
Tokenized asset issuance platform Synthetix has secured a $20 million investment through a new partnership with Web3 investment and quantitative trading firm DWF Labs. The market making and algorithmic trading company acquired $15 million worth of Synthetix’ native token SNX paid for with USD Coin (USDC) in March 2023. DWF Labs will be tasked with increasing SNX token liquidity and…
Bitcoin Soars 30% Over the Week as Global Banks Roil
After smashing through the $28,000 mark on Sunday, Bitcoin (BTC) hit the year’s high of $28,503 on Monday morning before a slight correction to $28,375 at the time of writing, according to data from CoinGecko. The latest price action means the leading cryptocurrency is up 4% in the day, and as much as 28.4% over the last week, making it…
Bitcoin Soars 30% Over the Week as Global Banks Roil
After smashing through the $28,000 mark on Sunday, Bitcoin (BTC) hit the year’s high of $28,503 on Monday morning before a slight correction to $28,375 at the time of writing, according to data from CoinGecko. The latest price action means the leading cryptocurrency is up 4% in the day, and as much as 28.4% over the last week, making it…