The US dollar’s rise has put brakes on Bitcoin’s price recovery, but lower levels are likely to attract buyers for BTC and altcoins such as DOGE. The United States dollar index (DXY) has started a strong recovery and its rise is putting pressure on Bitcoin (BTC) and the S&P 500 (SPX) index. The market participants...Continue Reading

John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange’s funds, insurance, and personnel. John Ray, who took over as chief executive officer of crypto exchange FTX, has described some of the chaotic experiences at the firm following the company declaring bankruptcy....Continue Reading

According to CoinShares, digital asset investment products saw inflows totaling $76 million last week. On Feb. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that investors are showing a strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week...Continue Reading

Explaining Web3 social networks — their benefits, challenges and how they work. The future of decentralized social media Traditional Web2 social media platforms are plagued by fundamental problems such as censorship, lack of users’ privacy and demonetization. Decentralization is a potential solution. Many of Web2’s major social media are already looking for a way out...Continue Reading

It’s all about a golden cross, a death cross and the Federal Reserve when it comes to Bitcoin price action in the first half of the week. Bitcoin (BTC) stayed motionless at the Feb. 6 Wall Street open as analysis showed an “interesting dynamic” in play on BTC price charts. BTC/USD 1-hour candle chart (Bitstamp)....Continue Reading

Enya Labs co-founder Alan Chiu said that the move will allow developers to build on and off-chain DeFi applications on top of Uniswap. Members of the Uniswap community voted in favor of deploying Uniswap v3 on Boba Network’s layer-2 protocol on Ethereum.  Gaining over 51 million votes, the proposal submitted by Boba Foundation and FranklinDAO...Continue Reading

As we emerge into the world of Web3 and the metaverse, we are starting to see methods of data retention where the web user has full visibility and control of this — specifically through digital identities. Usernames and passwords are a staple of the modern internet, and almost every service out there uses this method...Continue Reading

Cyberpunk is a subgenre of sci-fi that explores a dystopian future with advanced technology, where the line between man and machine is blurred. Science fiction’s sub-genre, known as cyberpunk, imagines a dystopian future in which advanced technology has overtaken society and divided it into classes for the haves and the have-nots. The genre frequently examines...Continue Reading

Regulators in Hong Kong plan for the addition of personnel to “better supervise” the activities of local virtual asset providers. Regulators in Hong Kong are stepping up their game when it comes to monitoring the activities of the crypto industry.  According to a Securities and Futures Commission report filed on Feb. 6, it plans to hire...Continue Reading

Stani Kulechov said that one of the challenges in the ecosystem is that there’s less backing in decentralized stablecoins compared to centralized ones. Stani Kulechov, the founder of the decentralized finance (DeFi) protocol Aave, highlighted several issues within the DeFi space at the StarkWare Sessions 2023, held at The Cameri Theatre in Tel Aviv, Israel. ...Continue Reading