Ethereums Dankrad Feist joins EigenLayer, faces community backlash

Feists decision to join EigenLayer as an adviser follows in the recent controversial footsteps of Ethereum researcher Justin Drake.

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Ethereum devs paid EigenLayer role sparks debate on conflicted incentives

Ethereum researcher Justin Drake said his EigenLayer role is worth millions of dollars and some think it could shake up incentives for those working on the blockchain.

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Bitcoins Role as a Diversifier Outshines Safe-Haven Asset, Finds Report

Bitcoin and Stock Correlation: A Safe-Haven or Portfolio Diversifier? In recent times, investors have debated whether Bitcoin can serve as a safe-haven asset or a diversifier within their investment portfolios. With the growing prevalence of cryptocurrency in the financial market, understanding the correlation between Bitcoin and traditional stocks has become more critical. Historically, traditional stocks [...]

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Unlocking the Key to Americas Future: The Vital Role of Cryptography

The American dynamism landscape is constantly evolving, presenting new opportunities and challenges for businesses and individuals alike. As we look towards the future, it is crucial to understand the key drivers shaping this dynamic environment. Innovation and technological advancements are at the forefront of American dynamism. The rapid pace of change in industries such as [...]

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Is XRP Essential to the US Digital Asset Stockpile? Uncovering the Tokens Utility and Role

XRP’s Involvement in US Digital Asset Reserve Sparks Debate on Token Utility Recently, there has been a growing discussion surrounding XRP’s place in the US digital asset reserve. This has raised questions about the utility of the token and whether it truly belongs in such a stockpile. With the increasing adoption of digital currencies and [...]

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How Bitcoins Role as an Inflation Hedge Varies by Location, According to Analysts

Bitcoin’s use as a hedge against inflation varies depending on the location, according to an analyst. The cryptocurrency has been touted as a store of value that can protect against inflation in times of economic uncertainty. However, the effectiveness of Bitcoin as an inflation hedge may differ based on where you live. In some countries [...]

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Algeria Readies $1.5B BRICS Bid: Major Move for Membership in the Cards?

As quoted by Ennahar TV, Algerian president Abdelmadjid Tebboune has signaled that Algeria — Africa’s largest nation — is eager to align itself with the BRICS coalition. He conveyed that this significant alignment with the five major emerging economies could potentially unlock unprecedented economic prospects for all the nations. Algeria Sets Sights on BRICS In [...]

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Shell Inaugurates 55th National Student Art Competition, Promotes NFT, Crypto Art, Digital Adoption

Not just a competition, but an event with a promotion of NFTs, crypto art, and digital innovations as the future of art.

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Dr Gavin Wood relinquishes CEO role at Parity to co-founder Björn Wagner

In a Parity Leadership Update today, Dr Gavin Wood, one of the initial co-founders of Parity Technologies has given up his CEO role to a fellow co-founder Björn Wagner. Wagner is the founder of the Ecosystem Development division.

Gavin assumed the chief executive officer (CEO) role after the last of the initial Parity co-founders exited in late 2020.

Gavin relinquished his CEO role to become the Chief Architect at the company, a role he is very passionate about.

While announcing the new CEO, Gavin said:

“The role of CEO has never been one which I have coveted (and this dates back long before Parity). I can act at being a CEO well enough for a short while, but it’s not where I’m going to find eternal happiness. A good CEO needs to be available to others on a far more continuous basis. They need to enjoy representing the company, both internally and externally. They need to not be bothered by large swathes of their time becoming eaten up in meetings and calls with a plethora of multicoloured boxes on their calendar.”

Gavin believes that the CEO role hindered him from doing what he does best, being a “thinker, coder, designer, and architect” through the many external meetings he had to attend as the company’s CEO. Gavin has spent much of the past two years presiding over the outfitting of our C-suite.

The appointment of Björn to the CEO position and Jimmy Cliff to the COO position will allow Gavin to return to work full-time where he says he belongs.

Most importantly Gavin remains the company’s majority shareholder and he said that there is little chance that the role of CEO ever be filled by a person he does not know and trust.

In the company leadership update, Gavin said:

“There was little chance of this role ever being appointed to anyone I did not already know and trust for many years: as the company’s majority shareholder and someone who intends to be working within it for some time to come, I care deeply about its culture.”

In the update, Gavin also said that he will focus more on exploring ways to make Polkadot (DOT/USD) and Web3 more relevant in the world by “helping the community design and build several interesting chain-integrated social primitives.”

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Saylor gives up CEO role to focus on MicroStrategy’s Bitcoin strategy

MicroStrategy Inc (NASDAQ: MSTR) co-founder Michael Saylor is set to step down as the company’s Chief Executive Officer, taking up the role of Executive Chairman beginning 8 August 2022.

Saylor, a prominent Bitcoin (BTC) bull, said in a statement that the move will allow the company to focus on its software and business intelligence business. 

But more importantly to him, stepping down from the CEO post also allows them to focus on the company’s Bitcoin strategy.

Apart from taking on the role of an Executive Chairman, Saylor will remain Chairman of the Board of Directors and also head MicroStrategy’s Investments Committee. It is in this latter role that he will offer investment oversight for the firm’s Bitcoin strategy, Saylor noted in the Q2 earnings results call on Tuesday.

“My focus will be on our corporate strategy, our innovation efforts, our Bitcoin strategy and related Bitcoin advocacy and education initiatives, such as my work with the Bitcoin Mining Council. I will continue to act as an enthusiastic spokesperson for MicroStrategy and as our envoy to the Global Bitcoin community.”

In a press release, MicroStrategy said Saylor’s replacement as CEO will be Phong Le, the company’s President and former Chief Financial Officer (CFO) and Chief Operating Officer (COO). The firm added that Le has been with MicroStrategy since 2015 and his new role as CEO will see him take charge of corporate strategies, as well as manage the company’s business operations.  

MicroStrategy first bought Bitcoin in August 2020, and is currently the largest corporate holder of BTC on its balance sheet with 129,699 bitcoins.

In its Q2 earnings report, the company said the “carrying value” of the total BTC holdings by 30 June 2022 was $1.988 billion, reflecting “cumulative impairment losses of $1.989 billion.” The figures relate to the total acquisition vis-à-vis the average carrying amount of roughly $15,326 per BTC.

MicroStrategy’s Bitcoin acquisition since 2020 had seen the firm spend $4 billion, with the average purchase price of 30,664 per BTC (including fees and expenses).

Even though Bitcoin’s decline over the past several months has critics and skeptics out, Saylor remains bullish and has pointed out that the flagship cryptocurrency has outperformed other assets in the time since his first bitcoin purchase.

Since @MicroStrategy adopted a #Bitcoin Strategy, its enterprise value is up +730% (+$5 billion) and $MSTR is up +123%. Performance of BTC is +94%, S&P 500 +23%, Nasdaq +13%, Gold -13%, Bonds -14%, Silver -29%. GOOG +54%, AAPL +43%, MSFT +34%, AMZN -14%, META -39%, NFLX -53%. pic.twitter.com/BWHPhbOg0d

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US Treasury Secretary Yellen Optimises to Recognize Crypto Role in Finance

Janet Yellen said that the benefits of cryptocurrency are clear and the US Treasury Department acknowledges the role it plays in the current landscape. (Read More)

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Lightning Speed 004: What’s The Lightning Development Initiative?

There’s no denying that 2021 was the Lightning Network’s year. What does the future hold, though? If the objective is to onboard the next billion people, the network needs work and fine-tuning. To grab the bull by the horns, The Human Rights Foundation and Strike set up three 1 BTC bounties.  The bounties will go to the first person or team to develop an anonymous Lightning tip jar, a tokenless way to peg BTC to dollars, or a privacy-focused wallet that supports some kind of Chaumian e-cash feature. In a Twitter Spaces conversation about the program, they named it The Lightning Development Initiative.  A catchy name that we’ll use from now on to refer to all of this. This fourth edition of Lightning Speed is all about the future. Let’s explore the three ideas and the new information that we have about each of them. The Lightning Development Initiative In Twitter Spaces Among the speakers were Strike’s Jack Mallers, The Human Rights Foundation’s Alex Gladstein, Bitcoin Magazine’s Christian Keroles AKA CK Snarks, and Tales From The Crypt’s Matt Odell. It took place on December 29th and Bitcoin Magazine hosted it. A Twitter user named Gigi summarized it for us. ?? A thread summarizing the Lightning Développement Initiative Space ?? 3 amazingly interesting topic related to the bounties were discussed. I'm so bullish on Lightning? it hurts. Very grateful to have these people on our side ???? let's look at my notes ?? pic.twitter.com/PRs9cohPaN — Gigi ????? (@GuerillaV2) December 29, 2021 Bounty #1: An Anonymous Tip Jar In our sister site Bitcoinist’s report, they described the challenge as follows: “Can you create a Lightning tip jar that doesn’t reveal any information about the parties involved? That’s the first task. How to receive completely anonymous donations. According to Bitcoin Mag, the “goal is to enable anyone to use free and open-source software (FOSS) to print a QR code that can be used for receiving Lightning payments privately. Importantly, “The QR code should not reveal the public key or IP address of the user.”  In the Lightning Development Initiative’s report, we learned that this has to do with the two competing protocols, Bolt12 and lnurl. Jack Mallers “pointed out the absolute need for interoperability on the Lightning Network and that even though lnurl might not be “optimal” right now, the market will eventually decide what open standard they prefer to use. He thinks that currently UX is a major focus for the Lightning community and we should make peace with the fact that there will be competition between solutions.” Rockstar pointed out that this debate around lnurl vs bolt12 will have huge implications for the future but that he's glad that there's now an active discussion on the matter. Jack added that contrary to the Bitcoin main chain, we can somewhat afford to fuck up on LN.. — Gigi ????? (@GuerillaV2) December 29, 2021 Mallers put forth another interesting idea, “contrary to the Bitcoin main chain, we can somewhat afford to f**k up on the Lightning Network. As long as the Bitcoin monetary policy is not threatened then we can freely fiddle on top of the protocol via Lightning.” BTC price chart for 01/14/2022 on Bitfinex | Source: BTC/USD on TradingView.com Bounty #2: Stablecoin On Lightning Without A Token Bitcoinist described this one as: “The second challenge seems to be even more difficult, at least on a conceptual level. The HRF and Strike want a wallet that enables “anyone to “peg” an amount of bitcoin to U.S. dollars without needing an exchange or another token.” That’s right, without a centralized entity. And relying only on sats and bitcoin.” Gigi summarizes why the world needs this: “The goal is to allow people to access dollars without a single point of failure. Further down the line, as Bitcoin becomes less volatile, these people can use btc, but until then there’s massive demand for holding value in dollars. The tether market cap is proof of this.” It serve an important humanitarian use case. We need to create the foundation for this new financial system.@Chris_Stewart_5 >> maybe it can be done with DLC's? Not using a token but rather something representing price exposure (think Eurodollar system). (oracles?) The END. — Gigi ????? (@GuerillaV2) December 29, 2021 Bounty #3: A Chaumian E-Cash Feature First of all, Investopedia defines Chaumian e-cash as: “eCash was a digital-based system that facilitated the transfer of funds anonymously. A pioneer in cryptocurrency, its goal was to secure the privacy of individuals that use the Internet for micropayments. eCash was created by Dr. David Chaum under his company, DigiCash, in 1990.“ So, once again, anonymity is the priority. As Alex Gladstein put it when announcing the bounties, they’re “for the first open-source, non-custodial, non-KYC Lightning wallets to ship features requested by dissidents worldwide.” Also, take into consideration the words of security expert Brian Trollz, “Bitcoin without privacy is nothing but a surveillance system.” Bitcoin without privacy is nothing but a surveillance system. — Shino (@brian_trollz) January 13, 2022 What does Gigi have for us on this topic? “We need a sort of Chaumian e-cash, extremely easy to use for the Plebs and accessible. Maybe the solution is a federated  one, making it harder to regulate.” He then quotes Jack Mallers again, “There’s going to be a singular standard for the internet of money (Bitcoin). Many will compete on top of BTC so we need “interoperability to the standard.” Matt: We need to make it very easy to use because experience shows us that if it's somewhat challenging (coinjoins etcc) people won't bother to protect their privacy (goddam idiot normies ??) — Gigi ????? (@GuerillaV2) December 29, 2021 Conclusion: The Future Is Bright Developers, teams, companies, anyone can earn the Lighting Development Initiative’s bounties. The non-profit OpenSats will serve as the judge. They are all open for the whole year. If by the end of 2022 no one has claimed them, the money will go to the Human Rights Foundation’s Bitcoin Development Fund on January 1st. Which is fair. Especially considering they just gave 425 million Sats to these worthy organizations and individuals. For more information and details read Bitcoinist’s original report. Featured Image by Micah Tindell on Unsplash | Charts by TradingView

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ZeroLend Airdrop Guide: How to earn ZERO token in 2024?

ZeroLend is a decentralized, non-custodial liquidity protocol built on the zkSync ecosystem that enables users to act as liquidity providers...

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Unveiling the Role of Memecoins in the Collective Unconscious Ki Young Ju

Cryptocurrency expert and CEO of Crypto Quant, John Doe, recently discussed the concept of memecoins within the realm of crypto. Memecoins are a unique category of cryptocurrencies that gain popularity based on memes, trends, and social media presence rather than fundamental technology or utility. Doe delved into the idea of memecoins as archetypes that tap [...]

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AltSignals (ASI) and its role across the Web3 space for major traders and investors

Traders and investors consistently follow the latest news and developments across the Web3 space to remain in the loop about recent project updates. By doing so, they can predict what project can potentially spike in value. However, all of this is based on the individual trader’s assumption. The blockchain space has evolved throughout the years. …

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10 Highest-Paying AI Jobs: A Comprehensive Guide

Discover the top 10 highest-paying AI jobs. Learn about their average salaries, required skills, and potential career paths in this comprehensive guide.

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Hamster Kombat Season 2 lets players become CEOs, build game studios

Hamster Kombat teased its new storyline for Season 2 in a newly released trailer for the popular Telegram clicker game.

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Report: Crypto Industry Boasts 10,000 Companies and 190,000 Professionals With a Collective Valuation of $180 Billion

A recent report released by K33 Research three days ago reveals that as of July 2023, the cryptocurrency industry boasts approximately 10,000 companies, employing an estimated 190,000 crypto professionals. Notably, K33 provides a comprehensive snapshot of the crypto landscape, highlighting that these 10,000 firms possess a collective valuation of $180 billion. K33 Research Unveils Crypto [...]

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SEC Chair Gensler’s Alleged Past Interest in Advising Binance Surfaces Amidst Legal Battle

Lawyers for Binance claim that current U.S. Securities and Exchange Commission (SEC) chair Gary Gensler once sought to become an advisor for the exchange back in 2019. This purported application occurred while Gensler was teaching at the Massachusetts Institute of Technology (MIT) and coincided with his discussion of the crypto network Algorand during a blockchain [...]

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Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet approved the decision to become a dialogue partner. The Cabinet’s decision [...]

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