Author: Coindesk
Loyal readers of The Protocol will recall that we launched this newsletter on April 26, 2023, to cover technological developments across the blockchain industry, after winding down its predecessor, Valid Points, which was focused exclusively on Ethereum. (In case you’re interested in that history, we wrote here about how we turned $15,000 into $70,000 running an Ethereum validator.) We started covering Bitcoin technology in the newsletter along with Solana and Cosmos and Sui and everything else. Over time, the format evolved, and got a bit longer — as I increasingly geeked out over blockchain tech and found myself incrementally incompetent…
One of the biggest roadblocks in converting Latin American investors to concept of crypto, is education about the sector. Cryptocurrencies, which don’t have a physical existence like gold or cash, can be a difficult concept for investors to grasp. “Latin American investors are still very traditional,” she added. “They tell me they only invest in things that they can stand on, or things they can touch. We’re trying to change that mentality… we need to prove to them that these technologies actually work.” Read the full article here
Independent producers have an opportunity to make films more efficiently, providing audiences with stories that challenge them to think at a time where it seems films are scared to push the envelope. We need a new model for financing and production, which introduces a new and special asset class for blockchain. Pressman Films, the production company that brought you Wall Street, American Psycho, Conan the Barbarian, The Crow and one hundred more motion pictures over the last 50 years, is now trying to fix what’s broken in film financing by leveraging the advantages of blockchain to bring more transparency and…
Some in Trump’s circle, including crypto-fan Elon Musk, reportedly want him to dramatically weaken Kashkari’s employer, the Fed. Trump tried to fire current Fed Chair Jerome Powell in 2018, causing stocks to tank. Asked whether he would resign under Trump’s new administration, which begins in January, Powell said “no” last week. Read the full article here
As the saying goes, “there’s a million ways to make a million dollars.” In altcoin trading, there are dozens or maybe hundreds of ways to approach the markets to make juicy returns. You can be a scalper, swing trader, yield farmer, airdrop hunter, new-launch sniper; the list goes on. Each of these approaches is getting tougher, though, for two overarching reasons: Read the full article here
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), issued in partnership with tokenization platform Securitize, is now accessible on the Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet and Polygon networks, the company said on Wednesday. Read the full article here
Tokenized Treasuries are digital representations of U.S. government bonds and are at the forefront of the representation of real-world assets on blockchains, allowing them to be traded as tokens on networks such as Ethereum, Stellar, Solana and Mantle. Digital asset firms and TradFi heavyweights have been racing to put financial instruments such as government bonds, private credit and money market funds on blockchain rails, to achieve operational efficiencies and faster settlements. Read the full article here
Bitcoin has applied the brakes to its record-shattering rally after encountering resistance at the $90,000 level. Having briefly hit $90,100 on Coinbase during the U.S. afternoon Tuesday, BTC succumbed to selling pressure, falling as low as $86,200 during the European morning. It subsequently recovered some ground to settle around $87,500, about 2.65% lower than its Tuesday highs. Altcoins saw greater losses, with ETH and SOL falling by 3.6% and 2.8, respectively, in the last 24 hours. The broader crypto market, as measured by the CoinDesk 20 Index, dropped 1.4%. Read the full article here
After that, the ether ETFs did not enjoy the same response as their bitcoin equivalents had done in January. Grayscale’s Ethereum Trust (ETHE), which already had over $8 billion in assets at the time of listing, began experiencing outflows that were not offset by flows into the other funds. Read the full article here
The concern of inflation not being slayed can be shown in the U.S. yields, which have only soared since the Federal Reserve started the rate-cutting cycle with a 50bps rate cut, followed by a further 25bps rate cut. Since the first rate cut on Sep. 16, the U.S. 10Y has jumped from 3.6% to 4.4%. With the U.S. 3-month treasury yield trading at 4.6%, which follows the effective federal funds rate, it’s suggesting that no more than 25bps of rate cuts will occur over the next three months, as the current target rate is 450 – 475. Read the full…