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Friend.tech, a decentralized social network, has experienced a remarkable resurgence in recent weeks, defying critics who had declared the platform dead. The platform has seen a surge in user interest, with its total value locked (TVL) surpassing $20 million just a few days ago. This growing momentum has also led to an increase in trading … Read more
Trading volumes associated with CRV, the governance token of Curve, a stablecoin decentralized exchange (DEX), is down 97% barely two months after it was hacked in late July 2023. This significant decline in trading volume has been observed on centralized exchanges, particularly on Binance, where the token is actively traded. According to Kaiko, CRV’s trading … Read more
A debate has resurfaced among Bitcoin enthusiasts regarding a six-year-old Bitcoin Improvement Proposal (BIP) that suggests the addition of “sidechains” to the Bitcoin network. While some individuals believe that this proposal could lead to an increase in scams on the Bitcoin network, others argue that it would attract new users to the cryptocurrency. However, a … Read more
According to a recent report by market intelligence firm Amberdata, investment firms in the United States, the United Kingdom, and Europe are increasingly appointing senior executives to lead digital asset investment strategies. The report, titled “Digital Assets: Managers’ Data Infrastructure Fuel,” reveals that 24% of asset management firms have already adopted a digital assets strategy, … Read more
Introduction In the ever-evolving landscape of cryptocurrencies, where tokens are born, thrive, and sometimes fade into obscurity, there emerges a unique and intriguing contender: $Pepe. A cryptocurrency inspired by the internet’s most beloved amphibian meme, Pepe the Frog, $Pepe represents more than just a digital token; it embodies the spirit of meme magic, decentralized finance … Read more
Steakhouse, a decentralized autonomous organization (DAO)-focused financial advisory firm, has collaborated with Phoenix Labs, a research and development company, to propose an allocation of up to $100 million from MakerDAO’s reserves for investment in tokenized US Treasury Bill (T-Bill) products. This proposal, currently in the discussion phase, aims to explore new avenues for financial innovation … Read more
The journey towards the approval of a Bitcoin exchange-traded fund (ETF) has been a long and arduous one. The first application for a Bitcoin ETF was filed in July 2013, but it was denied in 2017 and 2018. Since then, the Securities and Exchange Commission (SEC) has rejected numerous other applications and delayed decisions on … Read more
In a fascinating experiment, Cointelegraph video journalist and YouTube host Giovanni Pigni decided to pit his investment skills against the artificial intelligence of ChatGPT in a crypto investment game. Both contenders were given a starting capital of $100 and tasked with building a strong crypto portfolio to maximize profits within a two-week period. The primary … Read more
Grayscale Court Verdict Grayscale, known for its role in facilitating crypto investments and managing digital assets, recently celebrated a court verdict that annulled the SEC’s block on their proposed Bitcoin ETF. Grayscale CEO Michael Sonnenshein expressed his delight at this development, considering it a historic moment that raised hopes for the eventual launch of the … Read more
Ben Armstrong, known as BitBoy Crypto, has confirmed his departure from Hit Network/BJ Investment Holdings, including BitBoy Crypto and subsidiary brands. While Armstrong expressed confidence in his position earlier, his departure has sparked speculation about the reasons behind it. Crypto scam investigator ZachXBT raised concerns about Armstrong’s involvement with questionable meme coins and potential connections … Read more
