BRICS members China and Saudi Arabia are unloading hundreds of billions of dollars worth of US treasuries. New numbers from the Treasury Department show that China trimmed its US treasury holdings from $938.8 billion in June 2022 to $835.4 billion in June 2023 – a decrease of about $103.4 billion in just 12 months. Even …
Monthly archives: September 2023
Web3 Social Network Altcoin Skyrockets by More Than 308% This Week, Defying Sideways Crypto Market
A web3 decentralized social network altcoin printed a new all-time high on Friday, defying the ongoing crypto market doldrums. CyberConnect (CYBER) aims to enable developers to create social apps where users own their digital identities and data. The project’s native asset, CYBER, ripped to a new all-time high of $15.36 at one point on Friday. …
Colorado Enables Crypto Payments via PayPal for Driver’s License and Vehicle Registration Renewals
Colorado residents can now renew their driver’s licenses and vehicle registrations using cryptocurrency. The state’s Department of Motor Vehicles (DMV) now accepts cryptocurrency through PayPal for online payments, according to a new press release. The DMV says it will charge a service fee of $1 plus 1.83% of the total transaction cost for paying with …
U.S. SEC Punts on Bitcoin (BTC) Spot Exchange-Traded Fund Approvals, Delays Decisions Until October
The U.S. Securities and Exchange Commission (SEC) is delaying its decision on the approval of spot-based Bitcoin (BTC) exchange-traded funds (ETFs) until October. In new filings, the regulatory agency announces that it will be pushing back its decision to approve or deny numerous bids to create BTC ETFs, including those of financial firms Invesco, WisdomTree …
Retail Trading Giant Robinhood Repurchases $605,000,000 Worth of Shares the Feds Seized From Sam Bankman-Fried
Retail trading giant Robinhood has bought back more than $605 million worth of shares of its own company that the US government seized from disgraced FTX founder Sam Bankman-Fried. On Wednesday, Robinhood entered into a share purchase agreement with the United States Marshal Service (USMS) to scoop up 55,273,469 shares of the company’s Class A …
Navigating the significance of legal opinions in the crypto sphere
The need for legal clarity has become paramount in the ever-evolving landscape of cryptocurrency, where innovation meets regulation. The recent legal battles involving major crypto exchanges and regulatory authorities underscore the importance of obtaining comprehensive legal opinions for token projects. This article examines the significance of legal opinions in crypto tokens and explores why they …
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Over 90% of Cardano, Polygon and One Ethereum Rival’s Holders Are Underwater: Analytics Firm IntoTheBlock
A leading blockchain analytics firm says that a huge percentage of Cardano (ADA) and Polygon (MATIC) holders are underwater. According to IntoTheBlock, 94% of the holders of Ethereum (ETH) competitor Cardano are sitting on losses, just 5% are profitable and 1% are breaking even. Cardano is trading for $0.25 at time of writing, down 91.73% …
Another $60,000,000,000 in Altcoin Value on the Verge of Being Wiped Out, Says Nicholas Merten – Here’s Why
A widely followed crypto analyst is warning that the total altcoin market capitalization could soon bleed out a whopping $60 billion. In a new strategy session, Nicholas Merten, the host of DataDash, tells his 512,000 YouTube subscribers that the altcoin market cap is likely in a bearish pattern after recent bounces failed to print higher highs, …
One Top-30 Ethereum-Based Altcoin Signaling a Potential Rally, Says Crypto Analytics Firm – But There’s a Catch
A blue-chip Ethereum (ETH)-based altcoin is showing signs of a potential rally, according to the crypto analytics platform Santiment. Per Santiment, various metrics are signaling that the native token of the blockchain oracle Chainlink (LINK) could surge, though the prediction is dependent on the behavior of Bitcoin (BTC) and the wider crypto market. “Chainlink has …
How Web3 can prevent Hollywood strikes – Replay joins Cointelegraph Accelerator
Hollywood strikes echoed the unbalanced value distribution in the streaming video industry — blockchain can change that. СT Accelerator Join us on social networks Streaming video is one of the fastest-growing markets in the world, with the OTT video industry alone projected to reach $200 billion in 2023. Short for “over-the-top” video, the OTT video …
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Whale Alert sparks speculation as XRP transfers surge
This move has sparked speculation about its potential impact on XRP’s price. News Join us on social networks A recent substantial purchase of Ripple’s XRP (XRP) token has been detected by the crypto tracking platform Whale Alert. Whale Alert reported a transfer of 66,666,659 XRP, worth approximately $33,065,809, from Binance to an undisclosed wallet. The …
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Top Analyst Benjamin Cowen Issues Bitcoin Warning, Says September Will Be a ‘Red Month’ – Here Are His Targets
A closely followed crypto strategist is doubling down on his call that Bitcoin (BTC) will likely witness a deep corrective move this month. In a new strategy session, analyst Benjamin Cowen tells his 786,000 YouTube subscribers that Bitcoin is likely to post negative returns in September. “September just tends to not be a great month …
UK MPs call for global alliance to tackle AI misuse
The collaboration aims to collectively safeguard against actors, whether state-affiliated or not, who seek to misuse AI for their objectives. News Join us on social networks A group of influential members of parliament (MPs) in the United Kingdom have advised the government to collaborate with democratic allies to address the potential misuse of artificial intelligence …
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Nifty News: Adidas unveils resident Web3 artists, Mutant Ape sells for 500 ETH and more
Yuga Labs is gearing up to launch a new game in the Otherside metaverse, but it’s not 3D, while NFT trading volume for NFL All Day pumped 570% over the past seven days. News Join us on social networks The Adidas /// Studio, or Triple Stripes Studio, has launched a Web3-based digital artist in residency …
Changing Realities of Crypto Mining – Alternative Solutions To Integrate
HodlX Guest Post Submit Your Post At the end of July 2023, the Bitcoin network passed its 800,000th block. While this marks a major milestone in the blockchain’s history, it also reminds us that only eight months are left until the next BTC halving event, which is set to take place on April 26, 2024. …
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