Crypto News & Tech Updates

24 Feb 2023 10:30

⚡️DeFi: what is it and who needs decentralized finance

💭The introduction of cryptotechnologies into the economy has led to the emergence of a fundamentally new system of decentralized finance — DeFi. Experts call its main difference from the traditional model transparency and openness of all processes📁

Crypto News & Tech Updates

23 Feb 2023 08:01

🚨Fed FOMC Minutes Released:

➖ Almost all Fed officials supported a 25 BPS hike, only a few in favor of a 50 BPS hike.

➖ Participants saw upside risks for inflation.

➖ All participants agree that more interest rate hikes are necessary for the Fed to meet its inflation targets.

Crypto News & Tech Updates

22 Feb 2023 16:00

YouTube Music is introducing a new radio experience that lets users create their own custom stations, the company told TechCrunch today. Prior to the launch of this feature, users have started music listening experiences by picking from pre-existing playlists, radios or albums, but now, users can create their own radios from the ground up.

With this new experience, you can pick up to 30 artists when creating your own radio station. You can also choose how frequently these artists appear and apply filters that change the mood of the station. The experience lets you choose if you want the radio to only include the artists you’ve selected or if you also want content from a broader set of similar artists as well. There’s also the option to refine your results further by using specific filters, such as “new discoveries” or “chill songs.”

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22 Feb 2023 11:58

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22 Feb 2023 00:23

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21 Feb 2023 12:24

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21 Feb 2023 11:09

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20 Feb 2023 11:57

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19 Feb 2023 11:58

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18 Feb 2023 15:01

⚡️Hong Kong will officially make it legal to buy, sell and trade cryptocurrencies in June 2023

The market growth is attributed to this news. This includes mainland Chinese institutions📈

Crypto News & Tech Updates

17 Feb 2023 07:01

📈 What kind of stabelcoins to keep assets in?

The SEC essentially destroyed BUSD 💰 in one day. The token is still trading, the binding is in place, but it has no future.

Which stabelcoins are safe to keep money in? 🤔

✅Centralized:

🟢 USDT 💰 - launched in 2014 by issuer Tether together with Bitfinex. Now has the largest capitalization among stabelcoins.

Transparency: Secured by cash and short-term bonds (82%), secured loans (8%) and corporate bonds (5%).

Risks: Audited by companies NOT in the Big Four.

🟢USDC 💰 - launched in 2018 by Circle.

Transparency: Secured by U.S. short-term securities and cachet.

Risks: Under U.S. jurisdiction. Could repeat the fate of BUSD.

✅Decentralized:

🟢 DAI 💰 is an Ethereum-based staplecoin with super-securities whose issuance is controlled by the creator of the DAO.

Transparency: You can print 100 DAI against a pledge of $150 in ETH. If the value of ETH falls below $100, the pledge is liquidated. In this way, a bind is maintained.

Risks: DAIs are basically backed by USDC. If something happens to USDC, it will affect DAI.

🟢 FRAX is partially collateralized (mostly USDC) and partially stabilized algorithmically.

Transparency: The FRAX is collateralized by the USDC and the collateral ratio depends on the market price of the FRAX. If FRAX trades above the $1 peg, the protocol reduces the FRAX monetary collateralization ratio for USDC. If FRAX trades below $1, the protocol will increase the collateral ratio to prevent a Terra UST "death spiral" scenario.

Risks: It is unclear how Stablecoin will behave when scaled up.

✅ Conclusion:

💭USDT, USDC and DAI can be held for diversification. Let's see how the new Aave and Curve Finance stablecoins behave, but in the current situation it is better not to experiment with new stablecoins

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Crypto News & Tech Updates

16 Feb 2023 15:01

🥇 Price of Bitcoin up +50% this year.

Crypto News & Tech Updates

14 Feb 2023 22:54

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14 Feb 2023 14:46

⚡️ BREAKING: #CPI for January just came in at 6.4% above expectations of 6.2%

Crypto News & Tech Updates

13 Feb 2023 12:30

🚨Crypto Firm Paxos to Stop Issuing Dollar-Pegged Binance BUSD 💰 Token

The New York Department of Financial Services ordered Paxos Trust Co., which issues and lists Binance’s dollar-pegged cryptocurrency, to stop creating more of its BUSD token, Binance said in a statement. Paxos will continue to manage redemptions of the product.

Crypto News & Tech Updates

23 Feb 2023 13:21

A new tweet by Twitter owner Elon Musk suggests the company is preparing to open source its algorithm as soon as next week. However, Musk has been a longtime proponent of the idea that Twitter’s recommendation algorithm should be open sourced, having repeatedly stated that belief even before he took the helm of the social network and again when announcing his intention to acquire Twitter in April 2022.

In response to a tweet today that urged him to open source Twitter, Musk remarked “prepare to be disappointed at first when our algorithm is made open source next week,” then noting that “it will improve rapidly.”

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23 Feb 2023 06:50

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22 Feb 2023 13:01

Elon Musk said it’s “inevitable” Meta would go the way of Twitter in charging for verified statuses.

Meta announced its paid subscription program for Facebook and Instagram on Sunday.

The subscription starts at $11.99 a month if purchased via a web browser, per CEO Mark Zuckerberg.

Crypto News & Tech Updates

22 Feb 2023 01:36

⚡️ Tracking the Funding of Top Blockchain Ecosystems.

Ethereum projects received the most funding with $7.76B in total and 191 fundraising rounds over 2022. This is followed by BNB Chain with $2B, Polygon $1B and Solana $873M.

Crypto News & Tech Updates

21 Feb 2023 14:35

Snapchat has now grown to over 750 million monthly active users. While the number falls far short of the roughly 2.96 billion monthly active users Facebook reported earlier this month, it’s ahead of others, including Pinterest, which recently said it reached 450 million monthly users.

It’s unclear, however, where Snap stands against Twitter, which is no longer a publicly traded company following Elon Musk’s acquisition. Plus, Twitter’s public numbers from prior to the deal’s close had used a different metric — Twitter’s own invented metric called mDAUs, or monetizable monthly active users. This was meant to indicate the number of users on Twitter who would actually see its ads, Twitter had said. That number was 237.8 million as of the final public earnings in July 2022, which was smaller than Snapchat’s now 375 million daily users.

TikTok, meanwhile, announced its 1 billion monthly active users milestone in 2021 and was forecast to reach 1.8 billion by year-end 2022.

Crypto News & Tech Updates

21 Feb 2023 12:15

⚡️Good news for miners!

Miners have begun retaining more $BTC than they sell on rolling monthly timeframes, reversing a trend of net sales in place from mid-January.

Crypto News & Tech Updates

20 Feb 2023 14:50

🔥 The Chinese central bank injected $92bn USD into the market on Friday!

This easily outpaces the Fed’s current QT.

Crypto News & Tech Updates

19 Feb 2023 13:00

Ed Stackhouse, a “rater” employed by Appen, a data company for machine learning development, said he and his colleagues are “ghosts” and “make some of the lowest wages in the US.”

“Raters” help Google “categorize information to improve our systems,” which means Stackhouse sometimes has to review violent or pornographic content, he told The Los Angeles Times.

Raters make between $10 to $12 an hour, but pay was raised for some to between $14 and $14.50.

Crypto News & Tech Updates

18 Feb 2023 20:30

🔵 OpenSea temporarily lowered the commission to 0%.

OpenSea seems to have been afraid of the Blur marketplace competition.

Crypto News & Tech Updates

17 Feb 2023 15:01

On June 1st, 2023, Hong Kong will officially make crypto trading fully legal for all of its citizens

Expect a huge influx of big money from the East

Asian currency based stablecoin coming out of HK will be a certainty as well

Justin Sun repeatedly said that the next bull market will be driven by money from the East like the old times prior to 2020.

In 2017 bull market, BTC CNY (Chinese Yuan) pair was still very dominant. People have made fortunes arbitraging Yuan pair and US dollar pair.

That was gone when China banned crypto. But it will be back soon, with even more currency pairs.

Crypto News & Tech Updates

17 Feb 2023 05:39

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Crypto News & Tech Updates

15 Feb 2023 00:01

Circle's Chief Strategy Officer denied recent rumors that they had received orders from the US Securities and Exchange Commission 🇺🇸 SEC to stop issuing USDC.

Crypto News & Tech Updates

14 Feb 2023 17:59

🚨 USDT TRC20 transaction fee is as low as $3.34.

The Tron network fee price has increased to 50 TRX per transaction of $3.34.

Crypto News & Tech Updates

13 Feb 2023 16:01

⚡️According to ARK Invest By 2030, 5.6 billion people (65% of the world's population) will use digital wallets that will replace traditional banks and credit cards.

Crypto News & Tech Updates

12 Feb 2023 07:00

Elon Musk fired a top Twitter engineer earlier this week who showed him why his popularity was declining on the platform. Musk had assigned several Twitter engineers to look into why his view count has been on a downward spiral in recent months. Musk previously inquired whether his reach on the platform had been restricted due to a potential issue with Twitter's algorithm.

Last week, he temporarily set his Twitter profile to Private to test whether it would increase the view count on his tweets.