Coinbase recently released a report expressing concerns about the dwindling pool of crypto talent in the United States. According to the report, there has been a significant decline in the number of US-based crypto developers, dropping by 14 points over the past five years to a mere 26% today. The largest US exchange attributes this
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Bitcoin has recently experienced a drop to a monthly low of $65,000 on June 14th, marking a 5% decrease from the previous week. Despite this short-term fluctuation, when observing the bigger picture, it is evident that Bitcoin has been consolidating within a narrow range since early March. Analysts have noted that such a period of
In a recent report by KuCoin exchange’s research arm, it was noted that the cryptocurrency market saw $1 billion in new investments in May. This represents a slight decrease from the previous month, indicating a 6.4% decline in investment figures. However, when compared to May 2023, there has been a 10.61% increase in disclosed investments,
Currency has played a significant role in the advancement of societies throughout history. From bartering systems to standardized coins and paper money, the evolution of currency has shaped human experience. However, in recent decades, the financial landscape has been marred by chaos and instability, raising concerns about the loss of control over traditional currencies. The
The concept of asset tokenization in the financial sector has been gaining traction in recent years as a way to revolutionize securities and asset management. SEC commissioner Mark Uyeda, in a recent statement, highlighted the potential benefits of asset tokenization, emphasizing the advantages of representing asset rights with digital tokens on a blockchain. Uyeda pointed
Crypto analyst TechDev has recently shared insights into the future trajectory of Bitcoin. According to TechDev, Bitcoin has not yet reached its full potential in this market cycle. The analyst suggested that more price surges are on the horizon for the flagship cryptocurrency. TechDev pointed out in a post on X (formerly Twitter) that Bitcoin
The cryptocurrency market has been experiencing sideways movement recently, with Bitcoin unable to decisively break past the $67K mark. Despite attempting to surpass $68K, the price faced resistance from sellers, resulting in a 1% loss over the past 24 hours. The volatile nature of the market has led to the liquidation of over $110 million
STORM Partners recently made waves in the crypto space with the announcement of their new initiative, Lightningbox, during the Web3Fest event in Switzerland’s “Crypto Valley.” This initiative aims to revolutionize the way large enterprises in Europe harness the power of blockchain technology to drive their digital transformation efforts. The Lightningbox initiative seeks to create a
In a recent interview on the Thinking Crypto podcast, Charles Hoskinson, the founder of Cardano, revealed the disappointing truth behind the rumored partnership with tech mogul Elon Musk. Despite numerous attempts to reach out to Musk’s companies, including offering free work to combat issues with bots on the platform formerly known as Twitter, Hoskinson expressed
The IOTA Foundation’s Web3 Identification Solution has been selected for the European Blockchain Sandbox program, marking a significant milestone in the evolution of Know-Your-Customer (KYC) processes and privacy in the Web3 space. This decision underscores the importance of addressing regulatory concerns surrounding KYC and privacy, especially as decentralized finance (DeFi) continues to attract regulatory scrutiny.