Starkware Plans to Open Source Key Tech Linked to Starknet Prover

Feb 6, 2023

At the Starkware Sessions 2023 event, held at the Cameri Theatre in Tel Aviv, Israel, Starkware co-founder Eli Ben-Sasson informed the audience that the company intends to open source “key tech” linked to the Starknet Prover. During the event, the co-founder of the Ethereum scaling project stated that this marks a “significant step for scaling Ethereum and cryptography.” Starkware to Open Source Key Component of Ethereum Scaling Project The Ethereum scaling project, Starkware, has ...read more

Robert Kiyosaki Says He Likes Bitcoin — Calls BTC ‘People’s Money’

Feb 6, 2023

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he likes bitcoin, calling the cryptocurrency “people’s money.” While admitting that he does not know much about bitcoin, he said: “I’m just glad I bought it at six.” Robert Kiyosaki Says Bitcoin Is ‘People’s Money’ The author of Rich Dad Poor Dad, Robert Kiyosaki, talked about bitcoin while discussing “Why cash is trash in 2023” during his Rich Dad Radio Show podcast published on Wedne ...read more

63% Of Dogecoin Holders Are Making Money

Feb 6, 2023

According to InTheBlock on-chain data, 63% of Dogecoin (DOGE) holders are profitable at spot prices. Only 35% are out of the money, while just 2% are at break even. 74% Of Dogecoin Holders Are Making Money DOGE is a top-10 cryptocurrency with a market cap of $12.4 billion. The coin is changing hands at $0.094 per data streams from CoinMarketCap (CMC). On-chain trackers also reveal that most, at 74%, DOGE holders have held their coins for over one year. Meanwhile, 23% have been with their coin ...read more

NFT Market Remains Resilient With 1.23% Increase in Sales, Ethereum Dominates With 81% of Total NFT Settlements

Feb 6, 2023

Non-fungible token (NFT) sales rose slightly last week, increasing 1.23% to $232.49 million in recorded sales. The top two NFT collections, Otherdeed and Doodles, saw growth of 44% to 58% compared to the previous week. Ethereum continues to dominate the NFT industry, accounting for more than 81% of total sales last week with $188.51 million in NFT sales. 7-Day NFT Sales Increase; Otherdeed, Doodles See 44% to 58% Growth NFT sales remain steady this week and during February 2023, with $39.7 ...read more

Binance Teams Up With Hong Kong Police To Fight Crypto Crime

Feb 6, 2023

Hong Kong has taken its plans of becoming a crypto hub into a new dimension. The latest report says the world’s largest cryptocurrency exchange, Binance, is training the Hong Kong Police Force to fight crypto-related crimes. As the city moves towards its plans to become Asia’s crypto hub, cybercrime, and crypto-related scams might become prevalent. Therefore, the Special Administrative Region is readying itself ahead of possible issues that might arise when its plans finally fall int ...read more

Russia’s Largest Private Bank Launches Digital Asset Platform

Feb 6, 2023

Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this week. Privately-Owned Alfa-Bank Sets Up Digital Asset Platform With Central Bank’s Permission Russia’s Alfa-Bank has launched ‘A-Token,’ a platform allowing the issuance of digital financial assets (DFAs), the business news portal RBC repo ...read more

BTC Institutional Investor Forecast for 2023, Musk Makes McDonald’s Promise Again, Kiyosaki Says ‘We Are in Global Recession’ and More — Week in Review

Feb 5, 2023

As the first month of the new year is behind us, things continue to heat up on the world stage in regard to crypto price predictions, social media hype surrounding meme coins like dogecoin, warnings of macroeconomic peril, and more and more political powers attempting to control permissionless cryptocurrencies via regulations and policy. For an institutional investors’ perspective on bitcoin, Elon Musk and McDonald’s news, warnings of a “global recession,” and more, see just below, ...read more

Meme Coin Economy Swells by $5.8 Billion in Less Than a Month, Suggesting Demand for Meme Tokens Still High

Feb 5, 2023

The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar. The largest meme coin by market capitalization, dogecoin, has risen 29.5% in the past month, while the second-largest meme coin, shiba inu, has jumped 71.9% in 30 days. Since Jan. 9, 2023, the overall value of the meme token economy has increased by $5.8 billion. Dogecoin and Shiba Inu Dominate Meme Coin Market With 94% Market Share The top meme coins by market capitalization hav ...read more

Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn

Feb 5, 2023

Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn, worldwide, and especially in the crypto industry.” Protocol Labs Cuts Jobs in Response to Macro Winter and Crypto Market Decline Protocol Labs, the company behind the file storage blockchain network Filec ...read more

Australian Government Says It Is Working to Ensure ‘Regulation of Crypto Assets Protects Consumers’

Feb 5, 2023

The Australian government has said it will take steps to ensure the “regulation of crypto assets protects consumers” and one of these steps will be the reforming of “the licensing and custody of crypto assets.” The Anthony Norman Albanese-led government also said it has released a consultation paper that explores “which elements of the crypto ecosystem are sufficiently regulated and which require additional attention.” Prioritizing Protection of Consumers The Australian governm ...read more

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