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Prince Philip of Serbia suggests bringing Bitcoin into the classroom
Speaking to Cointelegraph over sandcastles at the Surfin’ Bitcoin 2022 event at Casino de Biarritz in France on Thursday, Prince Philip said he was “bullish on Bitcoin” in part because of the impact it could have on children’s education around the world. The prince, a self-described Bitcoin (BTC) maximalist, hinted that part of his keynote address at the crypto conference — only the second one for which he was a speaker — will focus on informing those in and out of the space of the potential benefits of Bitcoin. “Kids need to understand what Bitcoin is about,” said Prince Philip. “The main thing is the history of money — this is something that we weren’t taught in schools […] Education is getting worse as I can see it.” Citing an example from his own family, Prince Philip said his fo...
Lower costs, higher speeds after Ethereum’s Merge? Don’t count on it
As we approach the date of Ethereum’s Merge, users have speculated about what it will mean for projects and the wider ecosystem. Some argue the Merge will have little impact on gas fees and believe transaction speeds might improve. However, in general, most ordinary users will not notice much change. The real changes for average users will only be seen after the sharding mechanism is introduced six months later. The Merge will reduce energy consumption and increase security The Merge is a planned update to the Ethereum network scheduled for Sept. 15. It will move transaction validation from proof-of-work (PoW) to proof-of-stake (PoS). PoS has been part of Ethereum’s plans for many years, but the level of technical sophistication it requires has taken time to develop. It means a transition ...
Alameda Research and FTX merge VC operations: Report
Sam Bankman-Fried’s cryptocurrency exchange FTX’s investment arm has reportedly absorbed the venture capital operations of Alameda Research in response to the ongoing crypto bear market. According to a Thursday Bloomberg report, Alameda’s Caroline Ellison said in an interview that the merger had happened prior to former co-CEO Sam Trabucco announcing his resignation on Wednesday, leaving Ellison as the firm’s sole CEO. The investment arm of the crypto exchange, FTX Ventures launched in January — when the absorption of Alameda reportedly began — with $2 billion in assets under management. BREAKING: Sam Bankman-Fried’s FTX and Alameda merged their VC operations as the billionaire copes with a prolonged crypto winter https://t.co/5bXiTHphzs pic.twitter.com/EYUSa2bItG — Bloomberg Crypto ...
ATOM price is reaching for the Cosmos, but why?
As a market crash takes place, assets become oversold and typically there’s an “oversold bounce,” “return to mean,” “mean reversion,” or some price snapback to the bottom of the pre-crash range. Afterward, the asset under study either consolidates, continues the downtrend, or returns to the bullish uptrend if the downside catalyst was not significant enough to break the market structure. That’s all basic trading 101. This week Cosmos (ATOM) price appears to be following this path, and the altcoin is showing a bit of strength with a 35% gain since Aug. 22. But why? Depending on how you look at it, and technical analysis is by all means a subjective process, ATOM price is either in an ascending channel, or one could say a rounding bottom pattern is present with price close to breaking ...
Binance gives security assurances in Philippine senate banking committee hearing
Binance representatives participated in a hearing of the Philippine Senate Banking Committee, according to a report in the local press Wednesday. Bangko Sentral ng Pilipinas deputy governor Chuchi Fonacier, the country’s Security Exchange Commission (SEC) chair Emilio Aquino, and members of FinTech Alliance Philippines and the Cagayan Economic Zone Authority also took part in that hearing. The hearing was devoted to fintech innovation and consumer protection, according to the report. Fonacier discussed a sandbox approach to regulation, and Aquino talked about digital asset security. Binance was represented by APAC director Leon Foong and Philippines general manager Kenneth Stern, who told the hearing about the exchange’s security and Know Your Customer process. Stern said at the hearing: “...
Polygon founder Sandeep Nailwal raises $50M for Web3 fund
Cryptocurrency entrepreneur and Polygon founder Sandeep Nailwal has raised $50 million for a new startup fund dedicated to Web3 companies, underscoring venture capital’s growing interest in the blockchain-powered internet. Nailwal’s venture firm, Symbolic Capital, is backed by cryptocurrency protocols, exchanges, crypto-focused auditing firms and other venture capital investors, the company disclosed Thursday. Symbolic’s fund has already invested in three blockchain-focused gaming startups: BlinkMoon, Planet Mojo and Community Gaming. The initial funding received by these startups was not disclosed. In perhaps a new take on venture funding, Nailwal said his company is focused on supporting project founders from emerging markets. “Starting Polygon in India, we struggled to get connect...
Siam Commercial Bank abandons plans to purchase $500M stake in crypto exchange Bitkub
Thailand’s oldest bank has scrapped plans it first announced in November 2021 to become the majority shareholder of crypto exchange Bitkub. In a Thursday announcement, Siam Commercial Bank’s SCB X Group said it would no longer be paying 17,850 million Baht — roughly $536 million in November and $497 million at the time of publication — to acquire a 51% stake in the Thailand-based crypto exchange. The bank cited concerns with Bitkub “resolving various issues” according to recommendations from the country’s Securities and Exchange Commission without a definite timeline. According to the SCB, the company conducted a due diligence exercise on Bitkub following the November 2021 announcement it planned to become a majority shareholder, resulting in “many opportunities for cooperation in various ...
Why $20.8K is a critical level for Bitcoin | Find out now on Market Talks with Charlie Burton
In this week’s episode of Market Talks, we welcome professional trader Charlie Burton. Charlie is a professional trader with 24 years of experience and has been trading full-time since 2001. He is the founder of EzeeTrader and Charlie Burton Trading. He is also undefeated in the annual London Forex show live trade-off for the five years it was running. He has also been featured in the hugely popular BBC documentary “Trader, Millions by the Minute.” Charlie is one of the very few trading educators who is also a professional money manager trading FCA-regulated capital. The main topic of discussion with Charlie will be the current support level for Bitcoin (BTC) and why it is so critical. If Bitcoin goes below its current support, what are other major price levels you should...
Publishing Briefs: Reservoir Signs ‘Industry Baby’ Writer; SMP Pairs With Taiko
Reservoir Media has signed a go-forward publishing deal with Grammy-nominated producer, songwriter, and trombonist Nick Lee. Perhaps best known for composing the horn melody for Lil Nas X’s “Industry Baby,” featuring Jack Harlow, Lee has also become a go-to collaborator for artists like Megan Thee Stallion, Vince Staples, Dillon Francis, Mustard, Stray Kids, CL, JJ Lin, and more. In addition to working with some of the industry’s coolest stars, Lee also scores network TV shows like NBC’s Grand Crew and Fox’s Welcome to Flatch. Up next, he will be co-composing the Netflix drama The Brothers Sun. Sony Music Publishing announced a worldwide publishing agreement with songwriter and producer, Nicolas Jaña, artistically known as Taiko. The artist began creating beats at the age of...
Nifty: M&M’s jump into BAYC mania, a Pudgy Penguin sells for 400 ETH and more
Global confectionery giant Mars has teamed up with virtual metaverse band KINGSHIP to create limited edition boxes of M&M’s featuring content from the Bored Ape Yacht Club (BAYC). KINGSHIP is a group made up of three BAYC NFT hodlers and one Mutant Ape Yacht Club (MAYC) owner. As part of the deal, the avatars depicted in the nonfungible token (NFT) art will be printed on the chocolate candies in a select number of boxes. There has been a total of 4,000 boxes created in total, split between two tiers of rarity. The regular tier comes in 3,900 brown celebratory gift boxes, while the 100 gold edition boxes are wrapped in gold and white foil, number 1 to 100 and have the Kingship member’s apes printed on the M&M’s. KINGSHIP M&M’S: Mars Additionally, 6,000 candy gift jars have...
Nvidia cites limited visibility into crypto mining’s impact on Q2 results
Graphics card giant Nvidia CFO Colette Kress says the company has been unable to estimate reduced crypto mining demand impacted its Q2 results, which fell short of analyst expectations on Wednesday. The chip giant released its financial results for the three months ended July 31, which revealed a 19% quarter-on-quarter drop in revenue to $6.5 billion, while net income fell 59% to $656 million. Revenue for its gaming division, which includes sales of its high-end GPUs, fell 44% in revenue from the previous quarter to $2.04 billion, which Nvidia attributed to “challenging market conditions.” Kress, who also serves as executive vice president of the company, said Nvidia has limited visibility on how the crypto market affects the demand for their gaming products: “Our GPUs are capable of...
US court gives Voyager green light to pay bonuses to key employees
A New York bankruptcy court has given embattled cryptocurrency brokerage Voyager Digital the green light to pay retention bonuses to key staff members. The firm filed a motion with the United States Bankruptcy Court on Aug. 2 seeking approval for its Key Employee Retention Plan (KERP) which entailed $1.9 million worth of payments to 38 key employees that have been identified as crucial to the exchange’s ongoing operation. Creditors of the firm, which filed for bankruptcy in July 2022, had initially opposed Voyager’s KERP payments in a court filing on Aug. 19 claiming that payments to investors should be prioritized ahead of “well-compensated” employees. According to court filings, an agreement was reached between Voyager and the committee of creditors to drop the opposition to the pro...
