Ethereum development company Nethermind has announced it has “transpiled and compiled” decentralized exchange (DEX) Uniswap v3 on “Warp” — a project designed to allow Ethereum users to swap tokens on the more scalable Ethereum layer-2 network StarkNet. The milestone was announced by team lead Jorik Schellekens in an Oct. 9 Medium post. Nethermind describes Warp as a “Solidity to Cairo Transpiler” which enables Ethereum-based projects written in Solidity to transition its codebase onto StarkNet, allowing them to capitalize on cheaper fees. Transpiling is the process of taking source code written in one programming language and transforming it into another language …

It has been difficult for Bitcoin (BTC) and the cryptocurrency markets to start a strong sustained recovery while the United States dollar is near its multi-year high and the U.S. equities markets are near their June lows. This shows that the sentiment remains negative and traders are not interested in taking on risk in their portfolios. The U.S. equities markets fell sharply on Oct. 7 following the release of September’s nonfarm payroll data but they did manage marginal gains for the week. The S&P 500 rose 1.5% and the Nasdaq Composite climbed 0.7% last week. Meanwhile, Bitcoin is on track …

Launched in July 2020, Yearn.finance has emerged as one of the major players in the emerging decentralized finance (DeFi) space that provides services such as staking, lending aggregation and yield generation on the Ethereum blockchain. Boasting the most user-friendly crypto trading services that are being meted out autonomously, the project uses its native ERC-20 Yearn Finance (YFI) cryptocurrency to incentivize those who lock their crypto tokens in Yearn.finance contracts through any of the supported platforms such as Balancer and Curve DeFi. With all of its protocols operating on the Ethereum blockchain, Yearn.finance is managed through developers that act in accordance …

The National Institute of Standards and Technology (NIST), a non-regulatory agency of the United States Department of Commerce, released an initial public draft highlighting the various security considerations in relation to the architecture and implementation of stablecoins. Based on the study of the top 20 stablecoins over the past year, NIST found that the top five coins that retained their peg represented 87 % of the total top 20 market capitalization. Out of the lot, the top 5 stablecoins based on market capitalization that managed to maintain their pegs are listed below. Coincidentally, all five tokens are pegged to the …

This week, Bitcoin (BTC) raised investors’ hopes and then left them high and dry again. Traders placed a majority of their attention on BTC price pushing through a long-term descending trendline resistance, but according to Cointelegraph analyst Ray Salmond, “BTC price simply ‘consolidated’ its way through the trendline by trading in a sideways manner where price has been range bound between $18,500 and $24,500 for the past 114 days.” At the time of writing, BTC’s price continues to battle at $20,000, and it’s uncertain whether or not the level will hold as support. Data from on-chain analytics firm Whalemap shows …

The United States nonfarm payrolls increased by 263,000 in September, marginally below the Dow Jones estimate of 275,000, but the unemployment rate dropped to 3.5% compared to the forecast of 3.7%. Some analysts believe the report shows that the jobs market remains strong in spite of the Federal Reserve’s efforts to slow down the economy and that could encourage the Fed to go ahead with another aggressive rate hike in its next meeting in November. This led to a sharp fall in the U.S. equities markets on Oct. 7. Although Bitcoin (BTC) has traded in close correlation with the U.S. …

Followers of the Ethereum Classic Twitter account may have found themselves the unintended fans of an entirely new crypto project after Cardano founder Charles Hoskinson turned the account into the new community page for the Ergo community. The Ethereum Classic account had built up over 600,000 followers since its inception in July 2016, and up until Sept. 15, has been used to post about Ethereum Classic. However, as of Oct. 6, the Twitter page now reflects the Ergo Platform, a proof-of-work (PoW) blockchain capable of facilitating smart contracts, similar to Ethereum, with links to Cardano. In a lengthy thread pinned …

In this week’s episode of Market Talks, we welcome Rekt Capital, a cryptocurrency analyst who shares macro research, commentary and technical analysis related to crypto markets. He publishes a popular newsletter and provides courses that help educate traders on how to make informed decisions when buying and selling cryptocurrencies. He has more than 328,000 followers across his various social media platforms, many of whom are prominent individuals, including big names like Binance CEO Changpeng Zhao. First things first, we have officially entered Q4 2022 and, more importantly, October, which has historically been a bullish month for cryptocurrencies. We ask Rekt …

Bitcoin (BTC) saw its first trip above $20,000 on Oct. 4 as traders expected familiar resistance to cap gains. Multi-week dollar lows fuel Bitcoin bulls Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing prior to the Wall Street open, up over 5% in 24 hours. The pair had shaken off macroeconomic concerns at the start of the week, with trouble at Credit Suisse and the escalating Russia-Ukraine conflict failing to slow performance. Now, short-term analysis focused on a run potentially topping out closer to $21,000 — as was the case late last month, as sell-side pressure at that …

Minor inflows for digital asset investment products over the last few weeks suggest a “continued hesitancy” towards crypto amongst institutional investors amid a slowdown of the U.S. economy. In the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, Coinshares head of research James Butterfill highlighted stand-offish institutional sentiment towards crypto investment products, which saw "minor inflows" for the third week in a row. “The flows remain low implying continued hesitancy amongst investors, this is highlighted in investment product trading volumes which were US$886m for the week, the lowest since October 2020.” Between Sept. 26 and Sept. 30, investment …

Ganesh Swami, CEO of blockchain data aggregator Covalent says there continues to be an “intense demand” for on-chain data analysts, that is yet to be satisfied. Speaking to Cointelegraph, Swami said that analysts are in “intense demand” as there’s a “real need” for data experts to “make sense” of on-chain data, explaining: “There is an unresolved backlog of unfilled data-driven roles. This demand is a testament to how eager blockchain and non-blockchain companies alike are to make sense of their own and competitors’ on-chain data.” Swami explained that while the demand for on-chain data analysts has yet to eclipse their …

Cathie Wood's investment firm, ARK Investment, is making its two actively managed crypto strategies available to registered investment advisors. The strategies will be available as separately managed accounts (SMA) through a collaboration with the digital asset platform Eaglebrook, the companies announced on October 3. The ARK Cryptocurrency Strategy aims to capitalize on the monetary revolution, said the companies in the statement, claiming that it "could serve as a strategic allocation in well-diversified portfolios." Cathie Wood, ARK's founder and CEO, said: "The strategies will be separately managed accounts (SMAs) designed to meet the needs of financial advisors, wealth managers, and their …