Company’s name: demandFounder: Alejandro de la Torre and Filippo MerliEstablishment date: 2023Headquarters location: Lisbon, Portugal and Florence, ItalyAmount of Bitcoin in Treasury: “Currently bootstrapped”Number of Employees: 2Website: https://www.dmnd.work/Public or private? privateAlejandro De La Torre is deeply concerned that Bitcoin mining is too centralized, and he is on a mission to change that. That’s why he launched DEMAND, a Bitcoin mining pool that puts power back in the hands of independent Bitcoin miners.But before we get into how DEMAND works, it’s important to understand what De La Torre learned from the Bitcoin mining industry to better understand what motivated him to…
Author: Crypto Flexs
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U.S. Senator Cynthia Lummis argued that the Justice Department’s stance on cryptocurrency self-management conflicts with existing Treasury guidance and violates the rule of law. Lummis (R-WY) said he opposes the Biden administration’s criminalization efforts related to the Bitcoin (BTC) network and decentralized finance (defi). I am deeply concerned by the Biden administration’s move to criminalize the Bitcoin network and a core tenant of decentralized finance.My full statement. ⬇️ pic.twitter.com/M3CHcNTi3x— Senator Cynthia Lummis (@SenLummis) May 1, 2024 The Justice Department’s stance has prompted legal action against cryptocurrency companies, including charging Bitcoin mixer Samourai Wallet and Tornado Cash developer Roman Storm with…
Pump.fun earned $521,150 on April 24, making it the second-highest profitable day ever.What is pump.fun? This protocol allows anyone to quickly distribute memecoins by providing their name, ticker, and JPG image for a fee of less than $2. Users do not need to provide seed liquidity.The platform was first launched on Solana but has expanded to some Ethereum Layer 2 like Blast and Base. In theory, anyone can distribute tokens to these networks, but while there are usually some technical skills required to do this, Pump.fun makes the process very easy for anyone.Pump.fun also attempts to prevent lug pulls as…
Hopes for a series of interest rate cuts in 2024 have been fading fast over the past few weeks as both the economy and inflation have shown unexpected strength.
The cryptocurrency industry has been making headlines lately for several reasons. From Bitcoin hitting record highs to ETF approval in Hong Kong, we appear to be experiencing a surge in digital currencies like never before. Amid these market dynamics, zero-knowledge (ZK) technologies are gathering a wave of interest, even though the concept may seem complex to understand.In this interview, technology leader and entrepreneur Sid Gandhi, CEO and Co-Founder of Payy, shares how Payy is building a ZK-based global payments network and wallet and highlights the importance of privacy-centric applications that can increase user adoption. CryptoDaily: Dealing with ZK is not…
Receive big newsThe most important news for cryptocurrency investing will occur today at 2 PM when the FOMC announces its policy decision on interest rates.Not only Bitcoin but all major markets have fallen over the past month and their future trajectory will be largely determined by the outcome of this meeting, which takes place today.Major indices | last 30 daysAlthough we believe the market has set the price. ‘There is no possibility of change’ When it comes to interest rates, changes in interest rates can have a significant impact either up or down, with an increase in interest rates being…
On Wednesday, May 1, 2024, the US Federal Reserve decided to keep interest rates at their highest level in 23 years. Federal Open Market Committee (FOMC) members pointed out that inflation has subsided but is still on the rise. There is no change in the federal funds rate. The Federal Reserve continued to keep a close eye on inflation risks Wednesday. (…)
Share this article Blockchain gaming is considered a hot story in the cryptocurrency industry in 2024 by various industry players such as Binance and CoinGecko. According to the latter, the total market capitalization of blockchain gaming tokens is over $18.6 billion.Delabs Games is one of the players building this space and is focused on an ecosystem built around the concept of assets that can be used in a variety of games, called the Asset Inventory System.Junmo Kwon, founder and CEO of Delabs Games, sat down with Crypto Briefing to discuss how blockchain technology could revolutionize the gaming industry, how gamers…
Bitcoin (BTC) hit a two-month low at the Wall Street open on May 1 as the risk asset braces for the next macro move in the United States.BTC/USD 1-hour chart. Source: TradingViewBitcoin Volatility Cools as FOMCData from Cointelegraph Markets Pro and TradingView followed the volatile BTC price action for several hours after hitting a new low of $56,500 on Bitstamp.Traders maintained their lead across risk assets ahead of the Federal Reserve’s next interest rate announcement and Chairman Jerome Powell’s follow-up press conference.After the Quarterly Refund Announcement (QRA) dealt a blow to the US liquidity outlook, market participants were hoping that…
Hong Kong launched the region’s first spot cryptocurrency ETF on April 30, attracting over $130 million in first-day inflows across Bitcoin and Ethereum, emerging as a key player in the race to become Asia’s leading cryptocurrency hub. I did. To gain deeper insight into what this milestone means and Hong Kong’s evolving virtual asset landscape, CryptoSlate We spoke to HB Lim, BitGo’s Managing Director APAC.Lim brings a wealth of regulatory and cryptocurrency industry experience to the conversation. Prior to joining BitGo, a leading institutional cryptocurrency custody provider, he served as Director of the Abu Dhabi Global Market, where he helped…