A widely followed crypto analyst says that a massive crash for the leading smart contract platform is within the realm of possibility. In a new strategy session, crypto trader Benjamin Cowen tells his 787,000 YouTube subscribers that a freefall to the $400-$800 range is in the cards for Ethereum (ETH), the second-largest crypto asset by …
Monthly archives: September 2023
$3,000,000,000 Sell-Off Event Could Be Coming to Crypto Markets, Warns Analytics Firm IntoTheBlock
Analytics firm IntoTheBlock is warning that one bankrupt crypto firm holding billions of dollars in digital assets could trigger cascading prices. In a report, IntotheBlock’s Lucas Outumuro says that traders are selling their holdings out of fear that the now-defunct crypto exchange FTX could liquidate their massive digital asset trove worth $3 billion. Outumuro zeroes …
Binance’s Richard Teng denies FTX comparisons: ‘We welcome the scrutiny’
Binance regional markets head Richard Teng insists that, despite regulatory scrutiny, the company has no parallels to collapsed exchange FTX. News Join us on social networks Binance regional markets head Richard Teng insists that the global cryptocurrency exchange is financially secure and in no way similar to bankrupt peer FTX despite recent regulatory scrutiny and …
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India working on 5-point crypto legislation as ban is ruled out
Indian crypto platforms could attain similar status as authorized dealers (similar to banks) under the guidelines of the Indian Central Bank RBI. News Join us on social networks India is working on a crypto regulatory framework based on the joint recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB) that could …
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Friend Tech faces continued sniper bot issue, pushing price of popular creators before shares hit market
Friend Tech (FT), the web3 social token platform that saw a resurgence in user activity recently, has seen an increase in “sniper bots,” which have been causing significant shifts in share prices. According to a detailed analysis performed by X user @unexployed_ of Castle Capital, these bots, beyond their normally expected functionality, are deploying a …
Bitcoin user’s costly error leads to record transaction fee of $510,000
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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U.S. interest payments surpass 2023 defense budget
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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ARK Invest’s Cathie Wood Says Bitcoin and Artificial Intelligence About To Witness Explosive Growth – Here’s Why
ARK Invest CEO Cathie Wood believes that the convergence between Bitcoin (BTC) and artificial intelligence (AI) will lead to a meteoric rise in the adoption of both technologies. In a new ARK Invest video update, Wood says she’s looking at the adoption S-curves of Bitcoin and AI. The S-curve is a mathematical graphic that shows …
Double top ‘likely’ confirmed — 5 things to know in Bitcoin this week
BTC price weakness shows as Bitcoin analysts debate the likelihood of a return toward $20,000. Markets News Join us on social networks Bitcoin (BTC) begins a key macro week in a weak place as 2023 BTC action begins to look like a “double top.” After a disappointing weekly close below $26,000, BTC/USD is struggling to …
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Meta is building AI model to rival OpenAI’s most powerful system
Meta is reportedly in the process of building a new, more powerful and open-source AI model to rival the most powerful systems of its rival OpenAI. News Join us on social networks Meta, the parent company to social media platforms Facebook and Instagram, says it’s developing a new artificial intelligence (AI) that will rival the …
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G20 nations reaffirm responsible use and development of AI technology
The G20 member nations recommended addressing existing concerns around data protection, biases, appropriate human oversight, and ethics to ensure the responsible use and development of AI. News Join us on social networks As India handed over the G20 Presidency to Brazil, the member nations have committed to harnessing artificial intelligence (AI) technology in a responsible …
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France launches a certificate for finfluencers, including crypto
The country has introduced a non-obligatory Responsible Influence Certificate for those promoting crypto. News Join us on social networks Amid the current pressure on so-called “finlfluencers,” promoting investment products in their blogs, France makes a step toward outright licensing them. The country introduces a non-obligatory Responsible Influence Certificate. As revealed on Sept. 7, two French …
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Arbitrum’s fraud proofs haven’t been used in the two years since it launched
Offchain Labs co-founder Ed Felten said there were one or two fraud challenges submitted on a version of Arbitrum running on the Ethereum proof-of-work fork after the Merge, which was defeated. Interview Join us on social networks Not a single fraud proof has been submitted on Arbitrum since it first launched its mainnet with the …
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Coinbase issues clarification after reports of it ceasing services in India
A Coinbase spokesperson cleared some of the confusion after a circulating rumor suggested that it would be shuttering all services for Indian customers. News Join us on social networks Coinbase has issued a clarification after a circulating report suggested that it would soon halt all operations for its Indian customers. According to a Sept. 11 …
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Avalanche’s HyperSDK blockchain upgrade hits 143K TPS on testnet
Ava Labs is testing a high-throughput framework that will enable developers to build their own virtual machines. News Join us on social networks Smart contract layer-1 blockchain network Avalanche’s testnet has reportedly hit over 140,000 transactions per second during testing of its HyperSDK blockchain upgrade. Avalanche is currently testing a framework for building high-performance Virtual …
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