It’s gone get worse in autumn, a chorus of sorts keeps saying on the economy as doom seems to be everywhere while the economy is actually booming. British GDP is back to near all time high for the fir...
Tag: Trustnodes
Silicon Valley Incubator Warns Startups – Trustnodes
Y Combinator, one of the biggest startup incubator in the world, has issued an unprecedented stark warning to their startup founders. “No one can predict how bad the economy will get, but things don’t...
Vitalik Buterin Becomes Half a Billionaire – Trustnodes
Ethereum’s co-founder Vitalik Buterin is no longer a billionaire and he took the opportunity to tell us all as much. “I’m not a billionaire anymore,” Buterin said with it not very clear whether that i...
Changpeng Zhao Named Biggest Loser in History – Trustnodes
Binance’s founder Changpeng Zhao has lost more money than anyone in the history of the world, says a paper focusing on net worth rankings. “With the loss of $87 billion in wealth, Changpeng Zhao has o...
Ethereum Merging by September Bet Markets Say – Trustnodes
The ethereum upgrade to full Proof of Stake (PoS) is expected by September according to betting markets. Close to $20,000 of liquidity on trading volumes of nearly $200,000 has 58% stating the Merge w...
Martin Shkreli Comes Out as a Crypto Bro – Trustnodes
Martin Shkreli, the convicted fraudster who upped the price of life saving drugs by 5,000%, is out of prison to a halfway house on early release. And in to crypto, apparently. He calls himself a “web3...
Crypto Goes Politics, But is it Failing? – Trustnodes
From the halls of obscure agencies deep in the bureaucracy, to the very pinnacle of power, has been bitcoin’s journey and that of the crypto industry since 2013 when the then New York super-intendant ...
Ethereum’s Ratio Falls 15% – Trustnodes
Ethereum’s value against bitcoin has dropped 15% within the past week amid a continued market rout that sees it below $2,000 for the first time since July 2021. Ethereum initially held better and even...
Ethereum Dominates Crypto Development Says Andreessen Horowitz – Trustnodes
Ethereum is by far the most developed ecosystem according to a report by the San Francisco based venture capital firm Andreessen Horowitz. “Ethereum has far and away the most builders, with nearly 4,0...
Bitcoin Miner Starts Buyback – Trustnodes
A stock traded bitcoin miner, Digihost Technology, has announced a shares buyback program after the price more than crashed. In the first buyback ever by a crypto company, Digihost announced they are ...
Trustnodes Goes Web3 – Trustnodes
Usernames and passwords may be a thing of the past, replaced with a global open source database, in this case the ethereum blockchain. That’s web3, a new commons run by us and maintained by us where w...
Cloudflare to Stake ETH – Trustnodes
Cloudflare, one of the biggest CDN and infrastructure provider for the web with a yearly revenue of $650 million, is going web3. “Over the next few months, Cloudflare will launch, and fully stake, Eth...
44 Central Banks to Attend Bitcoin Gathering in El Salvador – Trustnodes
32 central bankers and 12 financial institutions from 44 countries, including Egypt and Pakistan, are to descent on El Salvador on Tuesday. In the biggest meeting of its kind, and the first where bitc...
Falling Bonds Back USDc – Trustnodes
The dollar stablecoin by Coinbase and Circle, USDc, is no longer backed by actual dollars but by volatile treasury bonds. This year, U.S. Treasuries have had their worst start in history, and that may...
Luna Confirms They Sold All Bitcoin – Trustnodes
The Luna Foundation has announced they sold 80,000 bitcoin, currently worth $2.4 billion, on May the 8th and 10th while bitcoin’s price crashed. They sold them for about 3 billion UST, which is now wo...
Crypto Developers Don’t Own Duty of Care Court Rules – Trustnodes
Protocol developers of cryptocurrencies don’t own a special duty of care, the High Court of England has ruled. In a case involving a claim against bitcoin core developers for failing to add a chargeba...
Brazil’s Biggest Broker to Start Crypto Trading – Trustnodes
XP Inc, Brazil’s biggest broker by equity trading comparable to IBKR or Charles Schwab, has partnered with Nasdaq to begin offering the buying and selling of cryptocurrencies. XTAGE, the new crypto tr...
Defi ETP to Start Trading – Trustnodes
One of the first ever decentralized finance (defi) stock traded product (ETP) is launching this Wednesday. The 21Shares DeFi 10 Infrastructure ETP (DEFII) will be listed on the BX Swiss Exchange follo...
Who Killed Luna? – Trustnodes
“Today’s events seem like a coordinated attack that could have been organized using insider information that got leaked.” So said Mudit Gupta, the Chief Information Security Officer at Polygon, on the...
Bitcoin Transfers to Exchanges Spikes to Near All Time High – Trustnodes
Wednesday saw one of the biggest transfer volumes from ‘whale’ entities to exchanges, topped only by the March 2020 crash. Some 80,000 bitcoins were transferred in just one day to tracked exchanges, w...
Inflation Falls – Trustnodes
The inflation rate has finally fallen for the first time in a year to 8.3% from 8.5% in March according to the just released data by the US Bureau of Labor Statistics. Energy costs saw one of the bigg...
Bitcoin Drops Below $30,000 – Trustnodes
After somewhat recovering to $32,000, bitcoin has dived again to just above $29,000 with the currency losing another 10% today. That’s while European stocks are somewhat up by generally 0.5%, while US...
Luna Collapses – Trustnodes
Luna, the crypto that is meant to stabelize the UST dollar token, has collapsed, falling 93% in just a few days down to $2 from a high of $120. “The last 72 hours have been extremely tough,” said Do K...
Ethereum’s Ratio Jumps – Trustnodes
Ethereum’s value against bitcoin has risen to above 0.076, up from 0.072 BTC at the beginning of the month as it reaches its highest level in a month. In one of the biggest day of volatility when volu...
$2 Billion Bitcoin Sold to Stabilize Crashing UST Dollar – Trustnodes
The dollar stablecoin UST crashed to $0.68 in one of the biggest depeg ever seen in this space. The stablecoin has now somewhat recovered, but it is still down to $0.91 from its supposed $1 per coin e...
DXY Crosses Two Decades High – Trustnodes
The dollar has never been stronger since the booming heydays of the naughties when the economy was growing at 5%, year after year. The dollar strength index, DXY, has just risen to 103.9, overtaking t...
Bitcoin Capitulates While Stocks Crash – Trustnodes
Bitcoin has fallen by about 20% since Thursday, capitulating below $33,000 for the first time in 12 months. The currency tumbled on interest hikes by the Bank of England and he Federal Reserve Banks ...
Six Weeks of Red, is the Bitcoin Cycle Happening? – Trustnodes
Bitcoin is seeing one of its longest streak of red, with the crypto currency entering its sixth week of falling down. Green has not been seen since the 21st of March when $47,000 was reached, with a n...
SEC Fines Nvidia For Being Crypto Shy – Trustnodes
The Securities and Exchanges Commission (SEC) has settled a $5.5 million penalty with Nvidia, the GPU maker. That’s because the nearly $500 billion publicly traded company was too shy to reveal that a...
Bank of England Torpedoes the Economy – Trustnodes
“UK GDP growth is expected to slow sharply over the first half of the forecast period… [in] the largest contraction since comparable records began in 1964.” Just as Andrew Bailey, the governor of the ...
Ledger CEO Meets Jamie Dimon – Trustnodes
Pascal Gauthier, the CEO of the hardware crypto wallet Ledger, met Jamie Dimon, JP Morgan’s CEO. Once a fierce critic of bitcoin, Dimon has softened more recently, calling defi “real” in his April let...