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” The Bitcoin bottom — Are we there yet? Analysts discuss the factors impacting BTC price “ When Bitcoin was trading above $60,000, the smartest analysts and financial-minded folk told investors that BTC price would never fall below its previous all time high. These same individuals also said $50,000 was a buy the dip opportunity,…
” Crypto’s adaptability, openness key to ideal monetary system, say BIS execs “ Governments across the globe see central bank digital currencies (CBDC) as a means to improve the existing fiat ecosystem. Cryptocurrency’s technical prowess supported by the central bank’s underlying trust is key to enabling a rich monetary ecosystem, suggests an International Monetary Fund…
” NFT Steez and Lukso co-founder explore the implications of digital self-sovereignty in Web3 “ Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Currently, there are two types of digital identities. One is federated and centralized whereby data is in the control of the…
” Snapchat’s parent company shutters Web3 division amid layoffs “ Snap Inc’s CEO Evan Speigel announced in a note on Friday that the company had made the difficult decision to reduce the size of its workforce by approximately 20%. The note said that this round of layoffs comes after the company experienced slow revenue growth, a…
” Gaming makes up over half of blockchain industry usage, DappRadar “ New data from DappRadar suggests that gaming remains a vital organ to the blockchain industry. According to the report, the gaming sector accounts for approximately 50.51% of industry usage month-over-month (MoM), as per August numbers. While overall the numbers are a good indicator…
” Trust in crypto remains strong despite bear market: Bitstamp survey “ The ongoing cryptocurrency winter has had little to no impact on global trust in crypto, this was the conclusion reached new study commissioned by Bitstamp exchange. Despite the downward market, global trust in cryptocurrencies like Bitcoin (BTC) remains mostly unshakable, Bitstamp said in…
” Think tank launches ‘technical sandbox’ exploring United States CBDCs “ A United States think tank has launched a “technical sandbox” aimed at advancing the exploration of a potential United States central bank digital currency (CBDC). In a Wednesday Tweet from Digital Dollar Project (DDP), the organization said the new program would explore “technical and…
” Blockchain firms fund university research hubs to advance growth “ The demand for organizations to adopt blockchain technology is growing rapidly. Recent findings from market research and advisory firm Custom Market Insights found that the global blockchain technology market size was valued at $4.8 billion in 2021, yet this amount is expected to reach…
” NFT micro-philanthropy gives a new voice to the opera “ The music industry has been a major adopter of Web3 integration, with use cases ranging from song rights, blockchain-based streaming and new forms of digital releases. Genres like pop, EDM and hip hop have represented nonfungible tokens (NFTs) in the music industry so far….
” Buterin and Armstrong reflect on proof-of-stake shift as Ethereum Merge nears “ Ethereum co-founder Vitalik Buterin and Coinbase CEO Brian Armstrong believe that a gradual mind shift and important community contributions led to their backing of Ethereum’s upcoming move from a proof-of-work (PoW) to proof-of-stake (PoS) consensus. The two industry titans joined Coinbase protocol…