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“We see the current growth of internet-native organizations as the next step in the evolution of human coordination. We are excited to support the founders who are building the tooling that will serve as the foundation for these types of organizations,” wrote the Seed Club Ventures team in the announcement post. “And, as we continue to build the infrastructure, we also look to emergent use-cases and applications in verticals where crypto-native tools and principles can be applied, including science, art [and] music, social, and artificial intelligence.”

After surpassing $28,000 for the first time in nine months, bitcoin traded between $27,300 and $28,350 over the past 24 hours, as investors await a decision by the Federal Reserve on interest rates on Wednesday. Traders are predicting a 25 basis point increase. The world’s largest cryptocurrency appears to be stalling at about $28,000. Swissblock Insights wrote in a report that the market appears to be betting on a 0.25 percentage point rate hike. “If the Fed proceeds to raise rates, the market shouldn’t react as aggressively. If the Fed pauses, however, we will see a strong move to the upside,” the report stated. “We expect volume to decrease and bitcoin’s price action to lose some steam going into the meeting.” Altcoins were down, with most losing 5% over the past 24 hours.

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

“By combining the number one Web3 gaming platform – currently serving hundreds of game studios and millions of players – with Polygon’s best-in-class zkEVM technology, we are building an Ethereum-centric gaming ecosystem that is poised to take Web3 mainstream and bring digital ownership to millions of people around the world,” said Robbie Ferguson, Immutable president and co-founder. “Billions of dollars of skins are sold each year with no rights for players – we’re changing that so players are in control, and ownership is the expectation.”

The next major line of defense is proper code auditing. This can’t merely be internal auditing done by the developers themselves. Instead, third-party services need to be employed that publish complete and transparent reports on any and all issues found within the code. These audits also need to be performed regularly, especially when changes are made to the codebase, to ensure updates don’t inadvertently introduce errors. Having this level of comprehensive review and transparency is the foundation of keeping all users safe.

My background is in economics, which was my first love, and with Ethereum [that] was sort of realizing how we can use it for payments and rethinking our financial systems. Art was more like a side hobby and a surprising consequence of my interest in crypto. I didn’t expect that when I would join Ethereum that I would be able to become a side hobby artist because I’ve now been able to sell my art, which would have never happened before. You know, if I was just casually doing that, because I’m not a big artist. I don’t do this full time. To me, it’s incredibly empowering.

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

The Fed said it would increase the frequency of the dollar swap lines with the European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada and the Swiss National Bank from weekly to daily, starting Monday. The dollar swap lines allow foreign central banks to borrow U.S. dollars while protecting the Fed from downside risks. In a swap, a Foreign central bank swaps its own currency for an equivalent amount of U.S. dollars from the Fed at the market exchange rate. After a pre-determined time, the bank returns the dollars it borrowed, with interest, to the Fed.

When it comes to trading, the good news for investors is the crypto industry has become increasingly less reliant on fiat currencies over the past few years. In fact, the percentage of market share of all volume on centralized exchanges for stablecoins just hit an all-time high following the Silvergate troubles last week as investors continue to prefer stablecoins to traditional fiat. In the last year alone, stablecoins have risen from 79% of volumes to over 90%, commanding the vast majority of volumes on exchanges.