Bitcoin miner Marathon Digital's (MARA) CFO Hugh Gallagher plans to retire from his role on May 12, about an year after he was appointed in the role.
“With hash rate growing and becoming more stable and with the team now in a stronger position, I made the decision to retire," Gallagher said in a statement. He was appointed to the CFO role on March of last year.
Swiss non-profit ZeroSync Association and Bitcoin infrastructure firm Blockstream say they plan to broadcast Bitcoin zero-knowledge proofs – a type of cryptography that’s become one of 2023 hottest blockchain-tech trends – from Blockstream’s satellite.
Blockstream’s satellite network provides free global access to Bitcoin by broadcasting the blockchain to the entire planet, including areas with unreliable Internet coverage. ZeroSync expects the first experimental broadcast to take place by the end of the year.
Washington Nationals Park is still displaying branding for Terra, despite the crypto ecosystem's recent collapse in May 2022, which devastated the industry.
Terra, whose UST stablecoin lost its U.S. dollar peg and fell sharply in value, signed a $40m, five-year deal with the baseball club in February last year. Terra's branding can still be seen behind home plate, and the company's sign remains along the outfield wall.
Terra founder Do Kwon was arrested in Montenegro last week, having been on the run from authorities for months.
Total cryptocurrency market cap sitting at $1.18T today, up by 1.09% over the past 24 hours; the 24-hour trading volume of $43.65B, with Bitcoin (BTC) taking up 46.35%. And Bitcoin (BTC) has been trading between $27.58K and $28.63K over the past 24 hours.
Within 24 hours, Bitcoin(BTC) long orders accounted for 50.38%, short orders accounted for 49.62%, and long/short ratio is 1.02
Highlight currencies: XRP(XRP) , 24h Vol: $1.92B; Solar(SXP) , 24h Vol: $1.27B; WETH(WETH) , 24h Vol: $1.14B
Optimism OP, a popular Ethereum scaling solution, is currently facing significant challenges from bearish market sentiment. The platform has been highly successful since its launch, with significant demand and interest from users and investors alike. However, the recent decline in overall market sentiment has had a significant impact on the platform's performance and adoption.
Optimism OP is exploring a range of strategies and technologies to address these challenges, including the development of RetroPGF 2, a new and innovative solution that is designed to provide fast and low-cost transactions, as well as a range of features and tools for managing cryptocurrency holdings.
The potential benefits of RetroPGF 2 for users and investors, including increased transparency, increased efficiency, and greater flexibility and control over financial assets. In addition, RetroPGF 2 can provide users with access to a range of financial services and products that were previously unavailable or inaccessible, and can help to drive innovation and growth in a variety of sectors.
(By Dipayan Mitra)
European DeFi startups saw a 120% increase in VC funding in 2022. This is a significant milestone for the DeFi industry, and underscores the growing interest and demand for blockchain technology and other emerging technologies in Europe.
The potential benefits of DeFi for investors and users, including increased transparency, increased efficiency, and greater flexibility and control over financial assets. In addition, DeFi can provide users with access to a range of financial services and products that were previously unavailable or inaccessible, and can help to drive innovation and growth in a variety of sectors.
The increase in VC funding for European DeFi startups highlights the potential for blockchain technology and other emerging technologies to transform traditional industries and to provide new and innovative solutions to long-standing problems. As the market continues to evolve and mature, there is growing demand for reliable and secure platforms that can facilitate transactions and provide users with greater flexibility and control over their assets, while also ensuring that these technologies are used in a responsible and ethical manner.
(by Prashant Jha)
Team members at 1inch, the Ethereum-based crypto exchange aggregator, are weighing a change to its governance system that proponents say would weaken the voting power of insiders and give the broader community of token holders more sway.
In a community call on Friday that CoinDesk attended, Jordan Reindl, a member of 1inch's community and governance team, proposed the protocol dilute the voting power of insiders who have received their full allotment of v1inch vesting tokens, a derivative token redeemable for 1inch. Conversely, v1inch tokens that remain locked up for two years or longer would have 100% of their voting weight, the proposal said.
The current system "kind of gives investors a disproportionately large amount of voting power, especially if their v1inch token contract is fully vested," Reindl said on the call.
(by Danny Nelson and Nick Baker)
MBM Foundation has announced a partnership with BitForex, a popular cryptocurrency exchange. The partnership will allow users to buy and sell MBM tokens on the BitForex platform, and will provide greater liquidity and accessibility for users who want to invest in the MBM Foundation's projects and initiatives.
The MBM Foundation is focused on driving innovation and growth in a variety of sectors, including healthcare, education, and environmental sustainability. The foundation has been praised for its innovative approach to philanthropy, and for its potential to drive positive change and impact in communities around the world.
The partnership with BitForex underscores the growing interest and demand for blockchain technology and other emerging technologies, and highlights the potential for these technologies to transform traditional industries and to provide new and innovative solutions to long-standing problems.
American cryptocurrency exchange, Bittrex, has announced that it will be winding down its US operations due to the "current US regulatory and economic environment." The small Seattle-based company will continue to operate its Bittrex Global platform, which caters to traders outside of the US.
Bittrex's winding down comes as US regulators tighten their grip on the crypto industry. Last week, the SEC issued a Wells Notice to US-based Coinbase, which publicly traded firm's staking products allegedly constitutes unregistered securities, while the Commodity Futures Trading Commission (CFTC) sued the world's biggest crypto exchange, Binance, allegedly violating trading and derivatives rules.
Bittrex had agreed to pay $29m to settle enforcement cases with US authorities for "apparent violations" of sanctions against countries including Iran, Cuba, and Syria.
(By Mat Di Salvo)
More than 50% of Bitcoin mining now uses renewable energy sources. This is a significant milestone for the cryptocurrency industry, and underscores the potential for blockchain technology and other emerging technologies to drive innovation and growth in a variety of sectors.
The shift towards renewable energy sources for Bitcoin mining has been driven by a range of factors, including the declining cost of renewable energy technologies, the growing demand for sustainable and environmentally friendly solutions, and the increasing regulatory pressure to reduce carbon emissions.
The potential benefits of renewable energy sources for Bitcoin mining, including reduced energy costs, increased efficiency, and greater flexibility and control over energy usage. In addition, the use of renewable energy sources for Bitcoin mining can help to reduce the environmental impact of the cryptocurrency industry, and to promote greater sustainability and responsibility in the usage of these technologies.
(by Assad Jafri)
