Author: Donald Munn
Grayscale Investments LLC, a well-known digital currency investment services company, says it is ready to land in Europe. CEO Michael Sonnenshein said the competitive European cryptocurrency ETP market could be a new venture. Grayscale’s crypto funds soon to hit European markets Grayscale wants to enter Europe with the offer of new crypto funds According to reports, the digital asset manager that became popular for its nearly $30 billion Bitcoin trust, Grayscale Investments LLC, says it is ready to enter Europe. One of the neat things about crypto is that it brings the world closer together. Europe has started looking pretty…
SingularityNET has announced the launch of a new bridge that allows owners of AGIX and NTX tokens to convert them from Ethereum to Cardano, and vice versa. SingularityNET launches bridge between Ethereum and Cardano blockchains In the photo, the CEO and Founder of SingolarityNET It’s called the ERC20 Converter Bridge and is designed to facilitate open collaboration and interoperability between the two blockchains. When tokens are converted from one blockchain to another, the original tokens on the source blockchain are simply burned, and new tokens are minted in equal measure on the destination blockchain. So the total number of existing…
The new report from analyst firm Nansen analyses the Q1 2022 results of DeFi’s Celo, Fantom and Ronin networks. The performance of the Celo, Fantom and Ronin protocols in Q1 Nansen publishes the reports on the results scored in Q1 2022 by the Celo, Fantom and Ronin protocols Blockchain and crypto analytics firm Nansen has analyzed three of the most promising blockchain specialists in the DeFi sector, growing exponentially in 2022: Celo, Fantom and Ronin These are three innovative projects that aim to compete with the dominance of the Ethereum blockchain in the DeFi sector. Celo Celo is a fully…
Brian Armstrong, the CEO of Coinbase, did not hold back his admiration for Elon Musk and the purchase of Twitter with the promise of promoting free speech. CEO of Coinbase and his admiration for Elon Musk’s commitment to free speech on Twitter Brian Armstrong publicly announces his admiration for Elon Musk In a roundup of tweets, Coinbase CEO Brian Armstrong praised Elon Musk and his purchase of Twitter to promote “free speech”. Here are the verbatim words: It's a turn around job, props to him for executing on it and taking on the challenge in a way most people could…
After the sensational news of Elon Musk’s almost total acquisition of Twitter, sentiment on the future of the social network seems to be slightly negative. Market sentiment after Elon Musk’s acquisition of Twitter The community reacts negatively to Elon Musk’s acquisition of Twitter As usual, there are optimists, pessimists, and uncertainties, but there are some indications that the pessimists may actually be more. The strongest indication of this is the collapse of Tesla’s shares on the stock exchange. Yesterday their price fell by as much as 12%, back to levels not seen since 18 March and first reached in January…
The CEO of Robinhood, the popular stock market investment app, has announced that the company is laying off 9% of its workforce. Robinhood, laying off 9% of human resources Robinhood fires around 300 people due to declining performance The CEO of Robinhood, Vlad Tenev, announced on Tuesday that he would be laying off 9% of his full-time employees. The CEO justified this move by stating that the habits of its users had changed in the last period. Tenev, in a post on the company blog, states that: “We are anticipating and responding to changes in the way our customers invest,…
Bitcoin Analysis Bitcoin’s price again was volatile on Tuesday and bullish traders failed to control the territory above the $40k level. The BTC/USD 1D chart below from TheTreeTrader shows BTC’s price trading within a descending triangle and trying to hold the $38k level. Bullish traders have support at the $38,747 level and $36,959 level on the chart below. Bullish traders were able to close above the $40k level again on Monday but failed to hold that level during Tuesday’s daily session. BTC/USD 1D chart: the price is trying to hold the $38k level The Fear and Greed Index is 21…
Optimism, the well-known scaling solution for Ethereum as well as the latter’s L2, has a new governance structure. Optimism Collective for the new governance The Optimism Foundation revealed that it has created the Optimism Collective that will manage the protocol. Ethereum is ready for its next chapter. We are ready to scale not only Ethereum (the network), but also the values that thrust it onto the global stage in the first place. The Optimism Collective is here to reconstruct the incentives of the internet — Optimism (_) (@optimismPBC) April 26, 2022 It is Optimism’s large-scale digital democratic governance experiment and…
The Bank of Spain has just published a new report on the popularity of the use of crypto and the possible effects it could have on the nation’s financial stability. Bank of Spain report, warning about crypto The Bank of Spain warns the nation about the use of crypto, which could undermine the country’s financial stability A recent report from the Central Bank of Spain, an institution led by Pablo Hernandez da Cos, warns Spanish people of the risks associated with the use of cryptocurrencies, which are becoming increasingly popular in the Iberian country. The report is the result of…
Australia will finally have its own spot ETF in Bitcoin just like Canada and Europe, but this comes during days of big losses for BTC and ETH. Crypto down, Australia turns to spot Bitcoin ETFs The first Bitcoin spot ETF for Australia is launched A new way of looking at investing in Bitcoin has taken the financial landscape by storm, spot BTC ETFs. This product is linked to Bitcoin by being based on it, yet allows investors to invest their own money without having to buy Bitcoin directly. Investors but also newbies have shown a high interest in this type…