The tournament, “0xMonaco: Battle of Titans,” is scheduled to kick off on Jan. 29 and will bring together developers from around the blockchain space.

The tournament, “0xMonaco: Battle of Titans,” is scheduled to kick off on Jan. 29 and will bring together developers from around the blockchain space.
Avalanche (AVAX) came into the spotlight early at the beginning of 2023 by adding its blockchain support to Amazon Web Services (AWS) cloud. However, empirical and on-chain analysis suggests that Avalanche’s price surge is likely due to a broader cryptocurrency market pump which will likely end with the rest of the market.
While integration with the world’s largest blockchain service is a positive step for Avalanche, the hype around its implications might be exaggerated. The evidence lies in a similar move that Avalanche’s team made in December 2022.
Avalanche’s team established a deal with Alibaba’s Cloud toward the end of 2022. The Asia-based cloud service commands a 6% share of the sector globally. Nevertheless, the blockchain’s validator count has remained consistent, implying that not many users of Alibaba Cloud are willing to run an Avalanche node.
Avalanche validator count. Source: Avax.networkAWS earns revenue from users willing to use blockchain nodes, which is probably why it keeps adding support for various blockchains. Amazon has supported an Ethereum node since May 2021. The recent Amazon partnership announcement might mislead some investors.
Avalanche’s blockchain usage data is also not encouraging. The gas used on the blockchain subsided steeply after the May 2021 crypto market crash and it hasn’t recovered since. The total value locked in Avalanche’s DeFi ecosystem is near two-year lows of $885 million, ranking sixth in comparative liquidity of other chains.
Avalanche (AVAX) came into the spotlight early at the beginning of 2023 by adding its blockchain support to Amazon Web Services (AWS) cloud. However, empirical and on-chain analysis suggests that Avalanche’s price surge is likely due to a broader cryptocurrency market pump which will likely end with the rest of the market.
While integration with the world’s largest blockchain service is a positive step for Avalanche, the hype around its implications might be exaggerated. The evidence lies in a similar move that Avalanche’s team made in December 2022.
Avalanche’s team established a deal with Alibaba’s Cloud toward the end of 2022. The Asia-based cloud service commands a 6% share of the sector globally. Nevertheless, the blockchain’s validator count has remained consistent, implying that not many users of Alibaba Cloud are willing to run an Avalanche node.
Avalanche validator count. Source: Avax.networkAWS earns revenue from users willing to use blockchain nodes, which is probably why it keeps adding support for various blockchains. Amazon has supported an Ethereum node since May 2021. The recent Amazon partnership announcement might mislead some investors.
Avalanche’s blockchain usage data is also not encouraging. The gas used on the blockchain subsided steeply after the May 2021 crypto market crash and it hasn’t recovered since. The total value locked in Avalanche’s DeFi ecosystem is near two-year lows of $885 million, ranking sixth in comparative liquidity of other chains.
Join us as we discuss decentralized finance, how it performed in 2022, and what its potential is in 2023.
Join us as we discuss decentralized finance, how it performed in 2022, and what its potential is in 2023.
Reduced inflationary pressure fueled crypto investors' appetite for risk markets, eliminating the possibility of bears profiting from the Jan. 20, $580 million Bitcoin options expiry.
Bitcoin (BTC) price has held above $20,700 for 4 days, fueling bulls' hope for another leg up to $23,000 or even $25,000. Behind the optimistic move was a decline in inflationary pressure, confirmed by the December 2022 wholesale prices for goods on Jan. 18.
The United States producer price index, which measures final demand prices across hundreds of categories also declined 0.5% versus the previous month.
Eurozone inflation also came in at 9.2% year-on-year in December 2022, marking the second consecutive decline from October's 10.7% record high. A milder-than-expected winter reduced the risk of a gas shortages and softened energy prices, boosting analysts' hope of a "soft landing." According to analysts, a soft landing would avoid a deep recession and possibly convince central banks to curb their interest rate hikes.
This week's Jan. 20, $580 million BTC options expiry looks like an easy win for bulls because the surprise 7-day 23% rally above $21,000 caused most bearish bets to become worthless. The recent move has holders (or hodlers) calling a market bottom and the potential end to the bear market, but the options market might hold the answer.
It might seem like distant reality right now, but Bitcoin was trading below $17,500 just 7 days ago. As the weekly options expiry on Jan. 20 approaches, the bullish bets are about to pay off, while bears will see their options becoming worthless as the deadline looms over them.
The exchange will delist NFTs with low trading volume and listed prior to new KYC rules starting February.
Bitcoin will be just one of the risk assets which "crater" as the Federal Reserve is forced to abandon quantitative tightening in future, the ex-BitMEX CEO warns.
In his latest blog post released on Jan. 19, Arthur Hayes, the former CEO of BitMEX exchange predicted a “global financial meltdown” thanks to future United States economic woes.
Bitcoin’s current rally should likely not be taken as the start of a new bull run.
That is the opinion of Arthur Hayes, who in a fresh treatise on U.S. macroeconomic policy this week warned that current Federal Reserve behavior would flip from restrictive to liberal, but cause cryptoassets to “get smoked.”
With U.S. inflation easing, the Fed is the focus of practically every crypto analyst this year as they estimate the likelihood of a policy “pivot” away from quantitative tightening (QT) and interest rate hikes to flat and then decreasing rates, and potentially even quantitative easing (QE).
This essentially involves a move away from draining the economy of liquidity to injecting it back in, and while that practice led to new all-time highs for Bitcoin beginning in 2020, the same phenomenon would not be plain sailing next time around, Hayes believes.

When he’s not working on hastening humanity’s rush toward the Singularity by creating an artificial general intelligence (AGI), Ben Goertzel plays in a jazz-rock band called Jam Galaxy fronted by a robot named Desdemona.
It’s one of his many side projects, which naturally led him to try and tokenize the music business by reaching out to members of Pearl Jam and Heart. Goertzel is also working on longevity research by crowdsourcing human health data with token rewards via an app called Rejuve.ai. That information is then pooled with animal and insect study data and analyzed with an AI to determine which parts of the genomes can make us live longer and then stimulated using gene therapies. “We’ve had some quite striking breakthrough-level discoveries,” he says. Oh, and just before our hour-long interview winds up, he casually mentions as an aside that he’s also creating a stablecoin for his decentralized AI marketplace, Singularity.net, that’s pegged to a synthetic index of environmental progress — because pegging it to U.S. dollars would be “lame.”
“Progress on the environment is very stable. It never goes anywhere,” he points out.
“And to manipulate this, you have to actually solve global warming.”
It’s the exact sort of political comment meets high-tech know-how you might expect from Goertzel, who looks and sounds like a hippie scientist who stumbled into a time machine in 1971 and emerged fully formed in 2023. But don’t be fooled by the animal print hat, long hair and Electric Kool-Aid acid trip drawl: He’s a brilliant scientist with a grasp of the future light years ahead of most and who’s grappling with some of the biggest concepts humanity has ever considered. What is consciousness? How do we create artificial life, and what happens if it doesn’t like us, goes rogue, and guns everybody down like in Terminator 2?

When he’s not working on hastening humanity’s rush toward the Singularity by creating an artificial general intelligence (AGI), Ben Goertzel plays in a jazz-rock band called Jam Galaxy fronted by a robot named Desdemona.
It’s one of his many side projects, which naturally led him to try and tokenize the music business by reaching out to members of Pearl Jam and Heart. Goertzel is also working on longevity research by crowdsourcing human health data with token rewards via an app called Rejuve.ai. That information is then pooled with animal and insect study data and analyzed with an AI to determine which parts of the genomes can make us live longer and then stimulated using gene therapies. “We’ve had some quite striking breakthrough-level discoveries,” he says. Oh, and just before our hour-long interview winds up, he casually mentions as an aside that he’s also creating a stablecoin for his decentralized AI marketplace, Singularity.net, that’s pegged to a synthetic index of environmental progress — because pegging it to U.S. dollars would be “lame.”
“Progress on the environment is very stable. It never goes anywhere,” he points out.
“And to manipulate this, you have to actually solve global warming.”
It’s the exact sort of political comment meets high-tech know-how you might expect from Goertzel, who looks and sounds like a hippie scientist who stumbled into a time machine in 1971 and emerged fully formed in 2023. But don’t be fooled by the animal print hat, long hair and Electric Kool-Aid acid trip drawl: He’s a brilliant scientist with a grasp of the future light years ahead of most and who’s grappling with some of the biggest concepts humanity has ever considered. What is consciousness? How do we create artificial life, and what happens if it doesn’t like us, goes rogue, and guns everybody down like in Terminator 2?

When he’s not working on hastening humanity’s rush toward the Singularity by creating an artificial general intelligence (AGI), Ben Goertzel plays in a jazz-rock band called Jam Galaxy fronted by a robot named Desdemona.
It’s one of his many side projects, which naturally led him to try and tokenize the music business by reaching out to members of Pearl Jam and Heart. Goertzel is also working on longevity research by crowdsourcing human health data with token rewards via an app called Rejuve.ai. That information is then pooled with animal and insect study data and analyzed with an AI to determine which parts of the genomes can make us live longer and then stimulated using gene therapies. “We’ve had some quite striking breakthrough-level discoveries,” he says. Oh, and just before our hour-long interview winds up, he casually mentions as an aside that he’s also creating a stablecoin for his decentralized AI marketplace, Singularity.net, that’s pegged to a synthetic index of environmental progress — because pegging it to U.S. dollars would be “lame.”
“Progress on the environment is very stable. It never goes anywhere,” he points out.
“And to manipulate this, you have to actually solve global warming.”
It’s the exact sort of political comment meets high-tech know-how you might expect from Goertzel, who looks and sounds like a hippie scientist who stumbled into a time machine in 1971 and emerged fully formed in 2023. But don’t be fooled by the animal print hat, long hair and Electric Kool-Aid acid trip drawl: He’s a brilliant scientist with a grasp of the future light years ahead of most and who’s grappling with some of the biggest concepts humanity has ever considered. What is consciousness? How do we create artificial life, and what happens if it doesn’t like us, goes rogue, and guns everybody down like in Terminator 2?

The collaboration will allow both individuals and institutions to launch subnets that can operate as self-sufficient blockchain systems.
A hierarchical deterministic wallet uses a single seed to create an infinite number of addresses, allowing users to recover funds using a master key.
Vitalik Buterin identified distributed validator technology, or DVT, as a key component of Ethereum’s decentralization efforts.
