x
Image Source: Pixabay
Aragon Aims to Accelerate DAO Launches With Base
Aragon is launching its namesake app and OSx protocol on the new Coinbase blockchain, which can help DAOs get off the ground without developer expertise.
Aragon, one of the oldest open-source frameworks for launching decentralized autonomous organizations (DAOs), is launching its next set on Coinbase's recently released developer network Base.
In an interview with Decrypt, Aragon’s head of growth Anthony Leutenegger said that the company is releasing two of its DAO-developer tools—the Aragon App and the modular Aragon OSx protocol—on Base in recognition of what he said is the ecosystem's “extremely high” potential to bring more users on-chain.
"The reason we deployed on Base was to give DAOs the ability to launch into what could be one of the largest ecosystems potentially coming into crypto," said Leutenegger. Read More
An ETF will bring a revolution for Bitcoin and other cryptocurrencies
A Bitcoin ETF is on the cusp of receiving approval in the United States — and it may not be long before we see one in Hong Kong or elsewhere in Asia.
But not everyone’s on board with the crypto ETF train. Critics argue that Bitcoin-linked ETFs could be even worse than centralized exchanges for the crypto market. Their main beef? There’s zero possibility of withdrawing the underlying instrument. This means the holders are never able to take advantage of the single most important feature of Bitcoin: the ability to control their funds without a need to trust anyone.
And it’s not just talk. The potential of these investment vehicles is already being realized in markets like Canada. The Purpose Bitcoin ETF, for example, raked in over $400 million in assets under management within just two days of its launch. It’s no longer a question of whether crypto is an asset class.
It’s like a starter pistol has been fired, and the institutional investors are off to the races, setting the stage for a seismic shift in the financial landscape, with crypto ETFs as the starting block. Read More
PayPal to roll out Cryptocurrencies Hub for select users
The Cryptocurrencies Hub is key for PayPal to reinvent itself as a crypto-inclusive platform. The service will allow for the sale and purchase of cryptocurrencies, among other functionalities.
Payments giant PayPal, which recently launched the dollar-backed stablecoin PayPal USD (PYUSD), updated its terms and conditions to introduce Cryptocurrencies Hub — a feature that allows users to hold and interact with Bitcoin and cryptocurrencies in their PayPal account.
The latest PayPal terms and conditions detail the prerequisites for crypto users interested in using the platform for cryptocurrencies. According to the company, the Cryptocurrencies Hub service will allow for the sale and purchase of crypto. In addition, it will facilitate the payment for purchases via PayPal using the money stored after the sale of cryptocurrencies.
“Any balance in your Cryptocurrencies Hub represents your ownership of the amount of each Crypto Asset shown. You will not hold the digital Crypto Assets themselves in your Crypto Asset balance.” Read More
How To Bring Wall Street Into Crypto? Build Better ‘Piping,’ Says Talos CEO
Anton Katz says Wall Street firms need tools that better connect them to trading opportunities similar to the ones they use on capital markets.
If Wall Street is to be enticed into crypto, firms need tools that better connect them to trading opportunities that are similar to the tools they use on capital markets.
The digital asset space has been abuzz with interest from traditional financial institutions (TradFi) for months as the big players of Wall Street reevaluate it as a solid and lucrative asset class. To make the most of the rewards from this sector, however, TradFi firms need the right applications to get involved, according to Talos CEO Anton Katz.
In an interview with Decrypt, Katz said that financial firms like banks and hedge funds are looking for tools that let them lock in the best price with the lowest risk attached. To help clients do this, Katz said he sees Talos’ role as creating the “piping” that better connects these firms with liquidity with tools familiar to them in capital markets.
"It's not a very sexy thing to say with investors, but that's how we think about it," Katz told Decrypt. "We build the piping, and then we build the layer on top of it." Read More
Markethive Leading The Way In Web 3 Social & Market Media
Web 3.0 is the next generation of the internet which people envision will be more decentralized and permissionless. One that's built on decentralized protocols, where users help with content creation and the governance of the web itself. They also have the ability to own a part of the network, so you can think of it as a Read-Write-Own Internet.
There are already several technologies that could serve as the backbone for a Web 3 world. Most point to blockchains like Elrond, Cardano, or Ethereum, for example, but other distributed technologies like IPFS can also be used to decentralize networks.
Thousands of dApps (decentralized applications) are already being built in the Web 3 environment. These often include native tokens to add value to the application to those who hold the tokens. These native crypto assets allow those who participate in the network to share in the value generated from it.
Web 3 promises a decentralized alternative where we are all users, owners, and developers. This quote from Fabric Ventures sums it up beautifully,
“Web 3.0 enables a future where distributed users and machines are able to interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties—the result: a composable human-centric & privacy-preserving computing fabric for the next wave of the web.” Read More
Latam Insights — Argentine Peso Touches Historic Lows, Tether Dominated the Brazilian Market
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Argentine peso reaches historic lows, Tether’s USDT accounts for more than 80% of the transactions in the Brazilian market, and Binance gets fully licensed in El Salvador.
Argentine Peso Sinks Before Elections:
The Argentine peso sank to historic lows this week, reaching an exchange rate of 605 pesos per U.S. dollar. Economic analysts linked this accelerated devaluation with the uncertainty surrounding the general ballotage held on Sunday, where Argentines elected their candidates for the next elections.
Mateo Reschini, a research analyst for Inviu, explained that big capitals preferred to secure their investments in foreign currency to protect from possible fluctuations caused by the outcome of the ballotage. Reschini stated:
The market takes note of the relevance of the date of the upcoming elections and decides to be covered against possible exchange rate jumps, hand in hand with statements from economists, the IMF statement, and media rumors. Read More
PayPal Executive Says PYUSD Will Be Made Available for DeFi in the Future
An insider from PayPal says the firm’s new stablecoin, PYUSD, will ultimately launch on decentralized finance (DeFI) platforms sometime in the future.
In a new interview on the Unchained Podcast, Jose Fernandez da Ponte, PayPal’s senior vice president of blockchain, crypto and digital currencies, tells host Laura Shin that the firm intends for PYUSD, which was launched earlier this month, to be available on crypto exchanges and compatible with DeFi ecosystems.
“I think DeFi will be part of the first wave in the sense that we want to go where crypto users are using stablecoins today, and DeFi is a use case for that. As of today, you can only get PYUSD on the PayPal wallet. We are ramping up the product but definitely, the intention is that it will be available in main exchanges and when that distribution is available, then folks will be able to use it for the traditional use cases.” Read More
Bitcoin vs. gold: Are market cap and other comparisons actually relevant for investors?
Bitcoin’s future price surge and mainstream adoption could happen independently of institutional adoption of the digital currency.
The connection between Bitcoin and gold goes back to Bitcoin’s origin. While it is not mentioned in the Bitcoin white paper, Satoshi Nakamoto actually referred to gold’s rarity in a Bitcointalk forum post when introducing the first version of Bitcoin in 2009. This was to emphasize the importance of a limited supply of 21 million coins.
Bitcoin’s market value is frequently matched up against gold, which boasts a total worth of $12.8 trillion, and many crypto pundits often point to the approval of a gold exchange-traded fund (ETF) in 2004 as the catalyst for the asset’s price appreciation.
Currently, Bitcoin encounters resistance at the $30,000 mark, and its inability to surpass this level could lie in how institutional investors perceive the comparison of BTC and gold as stores of value.
Bitcoin’s present market cap of $570 billion outshines traditional giants like Visa, Taiwan Semiconductor and JPMorgan Chase. However, it’s still 55% behind silver and significantly trails the world’s foremost tradable asset, gold.
This raises a crucial question: How closely are the prices of these two assets linked? In simpler terms, do their prices actually have a noticeable connection? Read More
Coinbase Rolls Out Crypto Services in Canada
The company will kick start its launch by offering a free trial for its new subscription service, Coinbase One.
Crypto exchange Coinbase has announced it’s finally landing in Canada, expanding its already impressive stronghold on the North American market.
In a bid to onboard new users, Coinbase will also offer Canadian nationals a free 30-day trial to its newly launched subscription service Coinbase One.
The service, which focuses on staking, also features zero trading fees and priority customer support.
According to the statement, the company decided to land in Canada due to its alleged high “crypto-awareness” along with what it said is a robust regulatory framework.
This comes in stark contrast to the current legal issues the firm is dealing with stateside. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
