Favorite stablecoin depegged? There’s insurance for that. Etherisc is rolling out coverage to protect USDC holders if the stablecoin falls between 5% to 20% from its pegged price for longer than 24 hours. In the event of a USDC depeg from $1, the decentralized peer-to-peer insurance protocol will deposit automated pre-specified payouts into non-custodial wallets. Circle claims that roughly 80%…
Jack Dorsey chimed in on the recent rise of decentralized social media platform Bluesky on Thursday, saying that his own presence isn’t all that important even though he was a major force behind the platform’s creation. And overall, he’s keen on seeing many different such platforms emerge and thrive. The former Twitter CEO helped incubate Bluesky and its AT Protocol…
A recent survey made public by the online comparison platform Finder.com has revealed the predictions of 32 professionals in the fields of fintech and cryptocurrency. The specialists have expressed their conviction that ethereum, the second largest digital asset by market capitalization, will culminate at $2,342 per unit by the end of 2023. Optimistic Outlook for Ethereum as Finder Survey Forecasts…
According to a new report published by Singaporean venture capital firm Foresight Ventures, the cost of decentralized file storage on blockchains such as Filecoin, Arweave, Swarm, StorJ, and Sia currently ranges from near zero to $4 per terabyte (TB) per month. This is much lower than traditional Web2 services such as Amazon Cloud or Microsoft Azure, where prices can range…
Bitcoin (BTC) stuck to $29,000 at the April 27 Wall Street open as United States GDP growth missed expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. GDP figures reveal surprise slowdown Data from Cointelegraph Markets Pro and TradingView showed BTC/USD once again stagnant after flash volatility the day prior. The largest cryptocurrency had liquidated over $300 million in long…
Artificial Intelligence (AI) is a rapidly growing field with numerous applications, including computer vision, natural language processing (NLP) and speech recognition. To develop these AI applications, developers use various tools and frameworks that provide a comprehensive platform for building and deploying machine learning models. This article will discuss the seven popular tools and frameworks used for developing AI applications: TensorFlow, PyTorch,…
As even late-night talk show hosts begin to weigh in on events in the crypto industry, it’s clear the public is increasingly paying attention to both the potential and challenges of investing in crypto. Of even more immediate concern to crypto companies, though, are the questions around the type and number of legislative guardrails lawmakers will inevitably impose. As regulators…
Introducing a central bank digital currency (CBDC) would be “profoundly dangerous” to society as it would mean the government having visibility into every single transaction of its citizens, according to Texas Senator Ted Cruz. “I am very concerned about the risk of a CBDC,” Cruz stated during the Bitcoin Policy Summit on Wednesday. Drawing parallels between President Joe Biden’s executive…
Wallets have always been a key topic in the cryptocurrency industry because of their essential role in adoption. As the crypto world evolves and enters the multichain phase, wallets may need to operate differently. In Episode 16 of Hashing It Out, Phantom Wallet CEO Brandon Millman joins Elisha Owusu Akyaw to discuss how wallets are adapting to the cryptocurrency space’s…
We’ve come a long way since Kraken announced its leadership succession plan last September. This week Dave Ripley will officially start as Kraken’s CEO, while outgoing CEO and co-founder Jesse Powell will move into his new role as Chairman of the Board. Over the last few months, the leadership team at Kraken has done a lot of work to ensure…
