Crypto analytics firm Glassnode reveals that Bitcoin long-term holders now control a historic 14.599 million BTC, accounting for 75% of the circulating Bitcoin. This shift towards long-term holding, contributing to massively reduced price volatility, signals a significant change in Bitcoin’s dynamics.
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NEAR Foundation & Alibaba Cloud Partnership: Boosting Web 3 Adoption or Harming Decentralization?
The NEAR Foundation has partnered with Alibaba Cloud to facilitate the growth of Web 3 in Asia and the Middle East. This collaboration offers access to Alibaba Cloud’s developer ecosystem, enables launching new NEAR validators, and provides remote procedure calls and multi-chain indexing, fostering adoption and scalability.
Embracing Web3 in Gaming: NFTs, Decentralized Streaming, and Winning Over Skeptical Gamers
Glover suggests Web3 content creators should focus on existing social platforms and avoid complex NFT terminology to maintain audience engagement. Decentralized streaming platforms may present an alternative solution for creators dissatisfied with centralized platforms like Twitch, providing more control over communities.
From Bankruptcy to Galaxy Digital: Examining Leon Marshall’s Crypto Journey and Industry Resilience
Crypto veteran Leon Marshall joins Galaxy Digital as global head of sales, bringing valuable experience from Gnosis, CryptoCompare, UBS, and JPMorgan Chase. Despite recent challenges, Marshall remains optimistic about the digital asset industry’s future and Galaxy’s role within.
US 2024 Elections: The Crypto Focal Point, Bipartisan Approaches & Prospects
The United States is moving toward a cohesive policy framework for digital assets, with lawmakers evaluating bills related to stablecoins, securities rules, and sanctions. Both parties in the 2024 presidential race are expected to address crypto, but the GOP must focus on embracing blockchain’s potential for America’s long-term economic interests, dispelling misconceptions, and supporting crypto-friendly regulations.
Cross-Chain Innovations: Boosting Collaboration vs. Threatening Decentralization
Miami-based Borderless Capital leads a $50 million fund for fostering cross-chain innovations, addressing challenges in the Web3 landscape. Powered by Wormhole, a decentralized message-passing protocol, the fund aims to ease constraints for developers and promote inter-blockchain communication.
DLT in Securities Markets: $100 Billion Savings, Challenges, and the Need for Global Cooperation
The Global Financial Markets Association highlights the potential of distributed ledger technology (DLT) in securities markets, suggesting that its implementation could result in over $100 billion in annual savings and enhance industry growth and innovation. Embracing DLT opportunities in areas like collateral management, asset tokenization, and sovereign bond markets with robust regulatory oversight is crucial for realizing its full potential.
Crypto Gaming Revolution: NFTs, In-Game Economies & Overcoming Skepticism
Cryptocurrency and gaming are converging, with crypto-based video games and non-fungible tokens (NFTs) as virtual assets on the rise. Matt Sanders, Avenged Sevenfold vocalist and early crypto adopter, believes NFTs can revolutionize in-game economies by making high-value digital assets transferable and sellable. However, he emphasizes that great gameplay should come first, with crypto rewards and incentives serving as supplementary features.