• A BNB Smart Chain (BSC) user has proposed lowering the network’s transaction fees to increase its competitiveness against rival blockchain networks. • BSC’s high gas fees have led to a decline in network activity, pushing its utilization to around 15-20%. • Despite this, BSC remains one of the most used blockchain networks in the…
• The Federal Reserve raised the federal funds rate by 25bps. • Bitcoin’s price has stayed relatively flat at $28,500 upon announcement. • The Fed sees 5.1% on the median dot plot for the end of 2023 and 4.3% for the end of 2024 and expects one more rate hike. FOMC Verdict: Rates Raised by…
• Bitcoin investors are turning to self-custody due to banking sector concerns • 70,000 BTC have been withdrawn into self-custody since the collapse of SVB on Friday • James Van Straten is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century. Self-Custody Surge Bitcoin investors are increasingly demanding greater…
• The article explains how the increased demand for electric vehicles (EVs) has led to a shortage of lithium-ion batteries used in these vehicles. • It looks at the current situation with battery production and highlights some of the issues that could arise due to the shortage. • Finally, it provides suggestions on how to…
FTX Exchange Deficient of Assets • FTX finds only 1 BTC out of 1,591 customer-owned at time of collapse. • The now-defunct exchange holds a total of $8.7 billion in liabilities to customers. • The exchange has identified only $2.2 billion in assets with $694 million highly liquid currencies and $385 million customer receivables. Court…