If investors want to see a bull run take off this cycle, they should shift their attention from memecoins to AI and real-world assets.
Monthly archives: September 2024
Windows previews ‘Intelligent Media Search’ that transcribes videos and audio
The feature could be very useful, but privacy analysts have raised concerns over its reach.
Crypto Trader Unveils ‘Ultimate’ Target for Bitcoin Price Before Reversal – Here’s His Outlook
An analyst with a fast-growing following says he has one price target for Bitcoin’s (BTC) bottom before a bullish reversal could take place. The pseudonymous trader known as Credible Crypto tells his 415,000 followers on the social media platform X that he’s anticipating BTC to pull off a relief rally before heading down further. Credible …
Over 40% of Telegram’s 2023 Revenue Stems From Crypto Ventures: Report
A huge chunk of the revenue generated by the messaging app Telegram reportedly came from crypto assets. A new report from The Financial Times shows that in 2023, over 40% of the revenue generated by the company was derived from its integrated wallet and sales of collectibles. Telegram sells collectibles and provides integrated wallet services …
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Bitcoin is capped at $60K, but LTC, FET, MNT and AAVE show promise
Traders could be waiting for Bitcoin to bounce off the $55,724 support opening positions in LTC, FET, MNT and AAVE.
Vitalik Buterin has radical scheme for the pseudo-decentralization of entire cities
The Ethereum creator’s utopia seems a lot like a decentralized autonomous organization, but with taxes.
Gold Dealers Part of ‘Large Laundering Network’ Agree To Plead Guilty to National Crypto and Romance Scam: Report
Two US-based gold dealers are reportedly pleading guilty over their roles in a nationwide scam that involves cryptocurrencies. According to a new report by The State, Kenneth Brown Jr. and Nicholas Shepard – the operators of the gold and precious metals exchange Golden Eagle – have agreed to plead guilty to a federal charge of …
Area 51 for AI? US gov secures early access to cutting edge models
It’s unclear whether the government would be required to inform the general public in the event an AI model becomes sentient.
Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July. August Bitcoin Mining Revenue Drops $99.75M Lower Than July The ongoing effects …
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What Web3 Games Need to Do to Break into the Japanese Market – IVC Partner Ann Chien
IVC is a Web3 venture capital fund backed by leading Japanese gaming studios. They focus on Web3 gaming, digital entertainment, AI, DeFi, and infrastructure, and have invested in over 200 projects. They also host Japan’s largest Web3 conference, IVS Crypto, which attracts over 12,000 attendees annually. Ann Chien serves as a Partner at IVC. She …
NFT Market Faces Brutal August: Sales, Buyers, and Transactions All Plunge
Non-fungible token (NFT) sales have had a rough time in 2024, and August has been no exception. Following a 36.6% drop in July, August brought another significant decline, with sales falling by 41.36%. NFT Market Struggles: August Sales Plunge 41.36% After July’s Decline According to cryptoslam.io metrics, NFT sales in August tallied up to approximately …
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Telegram CEO Arrested, Coinbase CEO Bullish on Crypto Payments, and More — Week in Review
The arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the crypto community. Coinbase CEO Brian Armstrong expressed optimism about the future of crypto payments, predicting it as the next big boom driven by advancements in technology. The SEC has issued a Wells notice to Opensea, potentially classifying NFTs as securities. Economist …
Rollups Are ‘Copies of the EVM,’ Not True Scaling Solutions, Says Developer
According to Adrian Brink, co-founder of Anoma and Namada, rollups offer little new functionality beyond the Ethereum Virtual Machine (EVM). He argues they are essentially execution-sharding solutions presented as true scaling solutions. Brink instead touts Plasma as the “only true scaling solution out there” because it enables constant data posting to the main chain “regardless …
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JPMorgan Chase Customers Extract Cash From ATMs Using Supposed Bank ‘Glitch’ – And Immediately Regret It
An illicit method of extracting cash from JPMorgan Chase ATMs is going viral. Posts and videos are spreading across social media of a supposed “glitch” that appears to be centered on depositing fake checks into the bank’s ATMs. Once a fake check is deposited, customers are then withdrawing a portion of the funds that are …
Crypto Investors Likely To Show ‘Dark’ Personality Traits, According to Study: Report
A new study that focused on the personality traits of crypto investors reportedly suggests that digital asset owners are more likely to exhibit psychopathic tendencies. Researchers at the University of Toronto and the University of Miami polled 2,001 American adults to explore the psychological profile of crypto holders, reports Bloomberg. About 30% of the respondents …