The post What is Synthetix’s Impact and Potential in the Burgeoning World of DeFi? appeared on BitcoinEthereumNews.com. Synthetix introduces a novel concept in trading synthetic assets or ‘synths,’ collateralized using Synthetix Network Token (SNX). This system allows seamless synth conversions via smart contracts, overcoming typical liquidity and slippage issues in decentralized exchanges (DEXs). Diving into […]
Google Lay Off 30,000 Workers AI Takes Over Ad Sales Division
The post Google Lay Off 30,000 Workers AI Takes Over Ad Sales Division appeared on BitcoinEthereumNews.com. Google is reportedly considering laying off about 30,000 employees as it explores the integration of artificial intelligence (AI) to enhance operational efficiency, particularly within its ad sales division. The move comes in the wake of advancements like Gemini and […]
Former Binance CEO Changpeng Zhao To Remain In The US As Judge Denies Latest Travel Request
The post Former Binance CEO Changpeng Zhao To Remain In The US As Judge Denies Latest Travel Request appeared on BitcoinEthereumNews.com. Binance co-founder and former CEO Changpeng “CZ” Zhao has been ordered for the second time to stay put in the United States, according to the latest report. This decision comes as the former executive […]
How Decentraland Aims For A Fully Autonomous Virtual Universe with LAND and MANA
The post How Decentraland Aims For A Fully Autonomous Virtual Universe with LAND and MANA appeared on BitcoinEthereumNews.com. Unveiled in its 2017 whitepaper, Decentraland is a visionary project on the Ethereum blockchain, redefining the boundaries of virtual spaces. This initiative, characterized by its commitment to decentralization, invites users into a world where they can not […]
Biggest NFT Stories of 2023: From Bitcoin Ordinals to Blur’s Surge
It was another transformative year for NFTs, both for better and for worse. We saw the emergence of the Ordinals protocol on Bitcoin, which rejuvenated creators and boosted excitement around the chain—but fomented a split between Bitcoin purists and expansionists. Meanwhile, as sales kept dropping for much of the year, collectors only got louder in […]
5 Cryptos to Buy During the Post-Christmas Dip
The post 5 Cryptos to Buy During the Post-Christmas Dip appeared on BitcoinEthereumNews.com. As an investor, what are the top 5 cryptos to buy now? Here are 5 coins to buy during the post-Christmas dip. Galaxy Fox ($GFOX) Galaxy Fox ($GFOX) is number one, and this presale’s early momentum indicates it could be the top […]
Hong Kong’s Proposed Stablecoin Regulations Poses Challenge To USDT, USDC
The post Hong Kong’s Proposed Stablecoin Regulations Poses Challenge To USDT, USDC appeared on BitcoinEthereumNews.com. The Hong Kong stablecoin regulation lays stringent rules for licensing, posing threat to stablecoins like USDT (Tether) and USDC (Circle). Hong Kong recently proposed stringent regulations for stablecoins, signaling its ambitions to become a virtual asset hub. However, the recent […]
Probability of a Spot Bitcoin ETF Approval Has Gone Up, Says ARK Invest’s Cathie Wood – But There’s a Catch
ARK Invest CEO Cathie Wood says that the odds of a January 2024 approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the US are going up. In a new interview on Bloomberg Television, Wood says that engagement between ARK Invest and the U.S. Securities and Exchange Commission (SEC) over its ETF application is […]
Ethereum’s price teeters: What about its bullish prediction?
ETH may fall to $2,215 as large sell-off spreads. Traders are confident that the altcoin will recover in no time. According to Whale Alert, a whale sent 14,610 Ethereum [ETH] tokens to the Coinbase exchange on the 30th of December. The transaction was the second one within 12 hours after an initial transfer involving 9,991 […]
Progress of Generative AI in Japan Surges After an Initial Lull
The post Progress of Generative AI in Japan Surges After an Initial Lull appeared on BitcoinEthereumNews.com. In a transformative turn of events, generative artificial intelligence (AI) has surged to the forefront of Japan’s technological landscape, capturing the attention of business leaders and public officials alike. Japanese tycoon Masayoshi Son, founder of SoftBank Group, has declared […]