Cryptocurrency interest accounts are an experiment that challenges various traditional yield generation strategies. The S&P 500 averaged around 10% to 11% per year since...

Today, the team of cryptocurrency services application Abra, confirmed it now supports ETH2 staking. With Ethereum’s transition to Proof of Stake, users can stake...

Abra, a California-based crypto trading and lending platform, and OSL, a licensed crypto exchange based in Hong Kong, are the latest in a string...

Crypto financial services firm Abra has appointed Justin McMahan of Tower Research Capital as its first CFO.

The post Crypto investment app provider Abra hires its first CFO appeared first on The Block.

Ethereum is printing another bullish indicator in the market that points to an imminent price wave. Per on-chain data by IntoTheBlock, the Ethereum market has recorded its largest single-day exchange outflow in 2022.

This year, Silvergate Capital paid $182 million for Diem’s technology assets, bringing an end to Facebook’s plan to build a crypto payments network. The deal underscores how the social network giant, now Meta, has just a limited number of regulatory-approved options for becoming a prominent player in the blockchain space. These well-known investors participated in a strategic investing round, which was led by investors including Tiger Global, Multicoin Capital, Katie Haun and Coinbase Ventures. Blockchain System For Aptos Aptos, a project founded by ex-Facebook employees who just left the firm in December, has already received unicorn money from Andreessen Horowitz and other prominent web3 investors. Aptos Chief Executive Officer Mo Shaikh said in a recent blog post: “We are the founders, researchers, designers, and builders of Diem, the first blockchain developed for this purpose… while the rest of the world never saw what we produced, our job is far from done.” Aptos has disclosed that it has raised $200 million in capital from Tiger Global, Katie Haun, Multicoin Capital, 3 Arrows Capital, FTX Ventures, and Coinbase Ventures to pursue its goal of establishing a blockchain scalability system. Another prominent first-round investor is Silvergate Capital, while the Aptos team assures that they will not license or use any of Silvergate’s Diem IP as they develop their blockchain. Related Article | Gloomy Crypto Future? Book Author Warns We’re In The Biggest Bubble In History Crypto total market cap at $1.78 trillion on the daily chart | Source: TradingView.com No Direct Link With Facebook However, some in the crypto industry are skeptical of implementing Facebook’s web3 vision, even though Diem proponents like Andreessen Horowitz may rally behind a group aiming to take up the effort. “To be clear, we have no official connection with Facebook and no funding from them,” Shaikh said. As a result, Aptos sees another challenge in recruiting developers. Move, an open-source programming language developed by Meta, is being used to lure new developers to the company. The Aptos Devnet Instead of building on top of existing decentralized networks like Ethereum or Solana, Aptos will create its own decentralized network from the ground up. Additionally, Aptos launched its “devnet,” which will allow developers to explore and build on the Aptos blockchain before its public release, which the company expects to take place in the third quarter this year. The fundamental objective of Aptos is to develop a blockchain that is more scalable, faster, and has cheaper transaction fees than the current major networks. Customers that are interested in embracing blockchain technology should expect a more stable and dependable network from the project’s developers. Related Article | Abra CEO Predicts Ethereum Could Reach $40,000 – But Some Fintech Analysts Don’t Agree Featured image from SiliconANGLE, chart from TradingView.com

Last Friday (March 11), Bill Barhydt, the CEO of investment and trading platform Abra, shared his medium and long term outlook for Bitcoin ($BTC) and Ethereum ($ETH). The Arba CEO made his comments during an interview — on CNBC’s “Crypto World” — with reporter Tanya Macheel. Regarding Bitcoin, he said: “So, clearly, we’re moving sideways […]

Maple finance joins forces with Celsius in order to launch a wETH lending pool with the pool promising to enable greater finance for the traditional corporations and institutions that are looking to capitalize on emerging other opportunities in the DEFI space as we can see furhter in today’s blockchain news. The digital asset lending platform […]

This episode is sponsored by Nexo, Abra and FTX US. Download this episode On this week’s “Long Reads Sunday,” NLW pulls out some of the most interesting data from innovation investor ARK’s latest report. See also: Cathie Wood on Why Central Banks Will Add Bitcoin to Their Balance Sheets “The Breakdown” is written, produced by…

The post The Big Numbers from Ark’s Big Ideas Report appeared first on Bitcoin News Miner.

This episode is sponsored by Nexo, Abra and FTX US. Download this episode On this edition of the “Weekly Recap,” NLW examines why NFTs are having their best month ever, even as the rest of the crypto market bleeds value. See also: OpenSea’s Week From Hell “The Breakdown” is written, produced by and features Nathaniel…

The post Are NFTs the True Store of Value? appeared first on Bitcoin News Miner.

This episode is sponsored by Nexo, Abra and FTX US. Download this episode On this week’s “Long Reads Sunday,” NLW reads David Z. Morris’ “Meta Leans In to Tracking Your Emotions in the Metaverse.” See also: Who Writes the Story of the Metaverse? “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW,…

The post What Facebook’s Patents Tell Us About the Fight for the Soul of the Metaverse appeared first on Bitcoin News Miner.

This episode is sponsored by Nexo, Abra and FTX US. Download this episode This week on the “Weekly Recap,” NLW breaks down the House hearing on energy in the crypto industry. He looks at problems with the advance memo and provides refutations of some of the misunderstandings. See also: Witnesses Debate Crypto Mining's Efficiency in…

The post What Happened at Congress’ Bitcoin Energy Hearing? appeared first on Bitcoin News Miner.