Bitcoin’s strong start to 2023 is persisting despite numerous headwinds, and is currently outperforming the S&P 500 Index by nearly 60 percentage points. Source: https://cointelegraph.com/public/index.php/news/scaramucci-we-re-through-the-bear-market-as-bitcoin-notches-up-70-ytd
One member of the cryptocurrency subreddit pointed out that “EVM equivalent” compilers like zkSync Era does not necessarily mean it is fully “EVM compatible.” Source: https://cointelegraph.com/public/index.php/news/zksync-era-denies-921-eth-stuck-forever-in-smart-contract
Adrienne A. Harris, the superintendent of New York’s Department of Financial Services, has branded as “ludicrous” the claims that the closure of Signature Bank was related to its crypto business. Harris insisted that the bank’s “high percentage of uninsured deposits” and insufficient liquidity were some of the reasons why it was closed. Signature Bank’s Liquidity Challenges Head of the New…
Matter Labs, the team behind Ethereum layer 2 scaling solution zkSync, has denied that 921 Ether (ETH) ($1.7 million) will be “stuck forever” in one of its new projects. The statement comes as one zkSync project is currently experiencing issues in transferring out the funds that it accumulated during its token sale. In a response tweet, Matter Labs confirmed that they’re…
In his lifetime, David Bowie—widely considered one of the most influential musicians of the 20th century—produced a prodigious catalog of 27 studio albums, 11 live albums, 4 soundtracks, and 128 singles. But it appears that the singer-songwriter, who passed away in 2016, still has one song left to sing. On Thursday, Gala Music, an offshoot of Web3 startup Gala Games,…
Our weekly roundup of news from East Asia curates the industry’s most important developments. Blowing up a Singaporean crypto hedge fund worth an estimated $10 billion at its peak was, by all means, a life-changing event for its co-founders Kyle Davies and Zhu Su. It appears that the trauma from the incident had been so severe that the two executives…
With its Metaverse ambitions in shambles, Meta is now looking to AI to drive its next stage of development. One of Meta’s latest projects, the social media giant announced on Wednesday, is called the Segment Anything Model. Segment Anything helps users identify specific items in an image with a few clicks. While still in demo mode, the company says Segment…
DOGE goes up… DOGE goes down. Dogecoin, the eighth biggest cryptocurrency by market cap and Elon Musk’s favorite digital asset, has continued its plunge in value after its logo was dropped from the Twitter website. The original “meme coin” was down 8% at the time of writing, trading for $0.086, according to CoinGecko. It sharply dropped in value Thursday afternoon…
gm: Canadian Bitcoin Miner Hut 8 Is Heading West Toronto-based Bitcoin mining company Hut 8 recently announced a merger with U.S. Bitcoin Corp that will take it into Texas, Nebraska, and New York. Hut 8 CEO Jaime Leverton joined Dan Roberts and Stacy Elliott to talk expanding into the U.S., dealing with regulatory pushback post-FTX, why Texas is such a…
Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it is critical that Americans clearly understand and soberly consider the immense power a CBDC could grant governments as well as the unacceptable risk of that power’s potential abuse. …
