Business

Over a quarter of Asian Pacific ‘emerging giant’ startups tied to blockchain: Report

[ad_1] The Asia Pacific region is seeing a major business shift with increasing numbers of new technology startups appearing, even as venture capital investment is decreasing compared to last year. A report from Big Four accountant KPMG and international banking company HSBC based on a survey of 6,472 Asian Pacific startups found that over a quarter of them are blockchain related. Nonfungible tokens, or NFTs, led the way among sectors where
Business

Tesla reports $64M profit from Bitcoin sale

[ad_1] Tesla’s decision to offload most of its Bitcoin (BTC) treasuries netted the company a hefty profit in the second quarter, even as crypto prices plunged into a bear market.In the first six months of 2022, Tesla recorded $170 million of impairment losses “resulting from changes to the carrying value” of its Bitcoin holdings, according to an official Form 10-Q filing with the United States Securities and Exchange Commission, or
Business

Crypto user who lost $163M in Bitcoin wants to deploy robot search party: Report

[ad_1] James Howells, a British man who mistakenly discarded a hard drive containing roughly 7,500 Bitcoin in 2013 has reportedly started looking at having robots and humans work together to retrieve his crypto from a local landfill.According to a Sunday report from Business Insider, Howells has pitched an $11-million idea to locate and recover the lost hard drive, which may be surrounded by up to roughly 110,000 tons of garbage.
Business

What is dollar-cost averaging (DCA) and how does it work?

[ad_1] Many crypto enthusiasts just start investing in cryptocurrencies without a strategy behind it. However, they should be aware that an investment plan is essential when you begin investing in crypto. By sticking to a strategy, you will have a clear overview and become less susceptible to the substantial price fluctuations in the crypto market.Related: A beginner’s guide to cryptocurrency trading strategiesFor each investor, this investment strategy can be different.
Business

Aptos Labs raises $150M, more than doubling valuation

[ad_1] Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups. The funding round was co-led by venture studios FTX Ventures and Jump Crypto, with additional participation from Andreessen Horowitz, Apollo, Franklin Templeton and Circle Ventures. According to Bloomberg, the funding round more than doubled the startup’s valuation, which was over $1
BLOCKCHAIN

zk-STARKs vs. zk-SNARKs explained

[ad_1] zk-STARKs are one of the two transparent and scalable privacy-enhancing methods. The public availability of the randomness utilized by the verifier negates the need for a trusted setup. But, what does zk-STARK stand for? zk-STARK stands for Zero-Knowledge Scalable Transparent Argument of Knowledge, which is a type of cryptographic proof technology. zk-STARKs, also known as zero-knowledge proofs, allow users to communicate validated data or execute computations with a third
Business

A $10B hedge fund gone bust with founders on the run

[ad_1] Three Arrow Capital (3AC), a Singapore-based crypto hedge fund that at one point managed over $10 billion worth of assets, became one of the many crypto firms that went bankrupt in this bear market. However, the fall of 3AC wasn’t purely a market-driven phenomenon. As more information surfaced, the collapse looked more like a self-inflicted crisis brought upon by an unchecked decision-making process.To put it concisely, the hedge fund made
BUY/SELL

Bitcoin drops below $21.8K realized price as FOMC spooks markets

[ad_1] Bitcoin (BTC) stuck to its realized price just below $22,000 on July 25 as Wall Street opened with a flat performance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin gives up more key levelsData from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it consolidated after falling from $23,000 overnight.The pair echoed equities in cool trading prior to the July 27 United States Federal Reserve decision on interest rates. Analysts were
BLOCKCHAIN

NFT utility to remedy ticketing dilemmas? Experts weigh-in

[ad_1] The 2022 Champions League final will have a checkered position in the competition’s history book. Real Madrid emerged victorious over Liverpool inside the Stade de France, but the pandemonium outside the stadium before kick-off highlights the need for innovative solutions to events ticketing.Counterfeit tickets played a massive role in the chaotic scenes that played out in the French capital in June 2022, as fans broke into the stadium precinct