Product-market fit (PMF) refers to discovering how a product satisfies demand in the market. This can range from diverse to very niche use cases. Discovering how early adopters can utilize an emerging product is essential to discovering growth opportunities. Sometimes fit is not found, but that’s okay as you can then gauge other opportunities to scale, or pivot audiences entirely.…
Ethereum’s staking rewards hit a record 8.6% post-Merge, with validators earning $46 million in the first week of May, citing the memecoin craze responsible. Source: https://cointelegraph.com/app/public/index.php/news/ethereum-validators-earn-a-record-46m-as-staking-rewards-rate-surges
Cryptocurrency prices rose on Wednesday after a widely-watched inflation gauge in the U.S. suggested the Federal Reserve’s fight against soaring prices is making progress. The Consumer Price Index rose 4.9% in the 12 months through April, the Bureau of Labor Statistics (BLS) said Wednesday, coming in slightly below economists’ estimates of 5%. On a month-to-month basis, the index, which tracks…
Singapore government-owned megabank DBS is among the few companies around the world that reaped major benefits from massive cryptocurrency collapses in 2022. DBS Digital Exchange, DBS Bank’s institutional crypto trading platform, saw a significant increase in Bitcoin (BTC) trading volumes last year. According to DBS Digital Exchange CEO Lionel Lim, the number of DBS crypto clients more than doubled in…
Today at 9:30am EST, Kraken’s Chief Legal Officer Marco Santori will appear before the U.S. House of Representatives in a landmark joint hearing entitled “The Future of Digital Assets: Closing the Regulatory Gaps in the Digital Asset Ecosystem.” “Advocating for the potential, and benefits, of crypto asset technology is central to our mission. We are working in partnership with lawmakers…
Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal Reserve’s decision to hike rates last week. Ethereum remained above $1,800. Bitcoin Bitcoin (BTC) continued to consolidate on Wednesday, as…
The efforts of many charities organizations are often hampered by the red tape of bureaucracy, and the presence of hierarchical structures within these organizations can complicate matters even further. To bypass this inefficient rigamarole, PactDAO co-founder Marisa Rando suggests that those aiming to distribute aid focus on being “active” as this is the root word in the term “activism.” Rando…
Sandra Lee of the FSOC said that the collapse of FTX could’ve been avoided the following month had the recommendations of a report from last October been more closely studied. Speaking at a Financial Times panel on crypto regulation this morning, Lee said “last fall, the council published a report on digital assets and instability and identified various risks and…
Over 1,000 human trafficking victims were recently rescued from a “fraud factory” in Mabalacat, a town located nearly 90 kilometers northwest of Manila, Philippines law enforcement has said. Michelle Sabino from the Philippine National Police Anti-Cybercrime Group said trafficking victims use social media platforms such as Facebook to lure unsuspecting individuals. Cryptocurrency Scams According to Philippines law enforcement, over 1,000…
Validators earned a total income of $46 million in the first week of May as a result of the increase in the staking rewards rate, which is a metric for the annualized yield of validators. According to data, validators earned 24,997 Ether (ETH) in the week, representing a 40% increase over the previous week’s income of $33 million, when 18,339…
