Monthly Archives: May 2023

Tools for Humanity, the team behind Worldcoin, has raised $115 million in a Series C funding round led by Blockchain Capital with participation from a16z, Bain Capital Crypto and Distributed Global. Worldcoin, a decentralized open source protocol, was co-founded by OpenAI CEO Sam Altman.The nine-figure funding round is a rare sight during an extended crypto…

The Helium Foundation has partnered with Oxit to create Oxtech Module, a product to connect Internet of Things (IoT) devices to both the decentralized wireless network, Helium, and Amazon Sidewalk.Amazon Sidewalk is a new low-power, nationwide network that uses Amazon devices like the Echo smart speaker to create a series of mini mesh networks in…

Bitcoin’s burgeoning on-chain economy is getting its own dollar-backed stablecoin.The new token Stably USD aims to become a go-to currency for traders transacting in the wave of novel assets being built on bitcoin, according to issuing company Stably. The crypto startup says its token can make trading in ordinals cheaper and more efficient than paying…

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Bitcoin's (BTC) recent price slide may have legs, according to technical analysis by alternative asset management firm Valkyrie Investments. The leading cryptocurrency by market value has declined by…

Bitcoin's (BTC) options market is showing bias for weakness over six months for the first time since early March as the U.S. debt ceiling drama continues.The six-month call-put skew, which measures the difference between what investors are willing to pay for bullish calls and bearish puts expiring in 180 days, has declined to -1, the…