A New Metric to Evaluate Crypto Ecosystem Fundamentals
The years-to-profitability ratio is a good way to evaluate a level-1 blockchain.
Posts published on July 5, 2023 go to media archive 3/4
Axiom’s Zero-Knowledge Proofs Might One Day Help Detect Deepfakes
The startup is working to build ZK technology that can be used en masse for AI applications.
Starknet Plans ‘Quantum Leap’ Upgrade Next Week After Testnet Version Deployed
The upgrade will increase the number of transactions per second the blockchain can handle as well as reduce the time-to-inclusion.
Starknet’s Quantum Leap hits testnet with TPS reaching ‘triple figures’
Starknet's latest upgrade will scale the ZK rollup's throughput by 50X or more. But capacity is very different to real world usage.
Biggest Movers: BCH Price Plunges Following Recent 15-Month High
Bitcoin cash was once again in the red on July 5, as traders continued to secure gains following a recent 15-month high. The token fell for a third straight session, whilst the overall global crypto market cap also slipped on Wednesday. Monero was…
Chainlink ‘Proof of Reserve’ Proves Little Beyond Data Going In, Coming Out
Projects like TrueUSD and Paxos are turning to Chainlink to give users transparency into their reserves, but their numbers remain difficult to verify.
Analyst Says XRP Will Reach $100, Here’s Why
XRP, one of the prominent cryptocurrencies in the market, has witnessed a remarkable surge in its daily burn rate, sparking speculation about its potential to go on a bull rally. Crypto analyst and influencer 24HRSCRYPTO is one of those who have…
Valkyrie Refiles for Spot Bitcoin ETF With Coinbase as Surveillance Partner
Valkyrie Digital Assets refiled its application for a spot bitcoin exchange traded fund (ETF) with the U.S. Securities and Exchange Commission, joining asset managers including BlackRock and Fidelity in taking another stab at the process.
The Supreme Court could stop the SEC’s war on crypto
Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett are among a group on the Supreme Court who may not smile upon the SEC’s interpretation of the law.
Can Bitcoin repeat a 2017-like rally as dollar correlation reverses?
The Dollar Index disconnect from Bitcoin does not necessarily mean that BTC price is about to experience a big rally, historic data suggests.
U.K. Blazes Trail With New Cryptocurrency Rules
The FCA’s regulations provide greater legal clarity for developers but place additional compliance burdens on companies marketing cryptocurrencies, says Preston Byrne, a partner at Brown Rudnick.
Heating a home with a Bitcoin miner: Staying warm with sats
The heat generated from Bitcoin mining could make mining at home more accessible, affordable and environmentally friendly.
Bitcoin Emerges as NFT Contender With $463 Million in Sales in 4 Months
In just four months, starting from February 7, 2023, non-fungible token (NFT) sales on the Bitcoin blockchain have soared to $463.68 million. This growth has propelled the network to secure the second-highest number of monthly NFT sales…
Payments Platform Nuggets Working With Bank of England on Privacy Layer for Digital Pound
The BofE said in February that a digital pound was likely needed, but that it will not make a decision on issuing one until at least 2025.
Blockchain Project Interlay Wants its New Platform to Become a ‘One-Stop-Shop for Bitcoin DeFi’
“We've only seen the tip of the iceberg with bitcoin DeFi today,” said Interlay CEO and Co-founder Alexei Zamyatin in an exclusive interview with CoinDesk.
AAVE Records 26% Weekly Gain, Looks To Break Key Resistance
AAVE, one of the most prominent DeFi tokens, has made a bright start to July. The coin is experiencing a price rally, jumping by more than 26% in the past week. Overall, the AAVE market seems to be enjoying much attention as shown by recent high…
Should you ‘orange pill’ children? The case for Bitcoin kids books
Bitcoiners want to pass on their values to the next generation and BTC kids books aim to help. But is it education or indoctrination?
Crypto developer commits $2M rug pull fraud to fuel gambling addiction
A Redditor described the developer’s gambling addiction excuse as a “weird way to rug,” as projects usually just run away and delete all the evidence.
Zilliqa (ZIL) Notches 10% In Anticipation Of Network Upgrade
The ZIL token has seen a jump in its price over the last day in anticipation of the latest Zilliqa network upgrade. According to data by CoinMarketCap, ZIL has now gained 10.13% in the last 24 hours, emerging as the top gainer of the day. Zilliqa…
Bitcoin traders hope to 'buy the dip' as BTC price heads toward $30K
BTC price action teases a slow comedown to support, with Bitcoin dip-buyers at the ready.
OPNX launches ‘oUSD’ credit currency for crypto margin trading
The new “credit currency” will allow users to rely on cryptocurrencies as collateral without needing to obtain loans from other institutions.
Is this the start of the next bull run?
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin touching $31,000 is a sign that the next bull run is right around the corner.
Mercuryo’s Big Time Summit in Cyprus: Revolutionizing the FinTech Industry
The global payments infrastructure platform Mercuryo has announced the launch of Big Time Summit – a FinTech event to be held for the first time in Limassol, Cyprus, on July 7, 2023. The event will be held with the support of Invest Cyprus…
First Mover Americas: Cryptocurrency Trading Volumes Increase for First Time in 3 Months
The latest price moves in bitcoin (BTC) and crypto markets in context for July 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Ethereum-Based Yield Powerhouse Pendle Finance Expands to BNB Chain
Value locked on the liquid staking derivatives platform has grown nearly tenfold this year.
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Lower Ahead of FOMC Meeting Minutes
How blockchain technology and DeFi could help solve the housing crisis
Home Construction Collective’s co-founders spoke with The Agenda podcast to explain why homes are so expensive and how decentralized finance might provide an answer.
Denmark orders Saxo Bank to erase cryptocurrency holdings
DFSA's decision about Saxo Bank's crypto holdings will have a "very limited impact" on its business and its customers will not experience any significant changes, the lender said.
US reportedly plans to restrict China’s access to cloud computing services
Report says sources close to the situation have said U.S. officials plan to restrict Chinese companies’ access to cloud computing services as a security measure.