According to a director of a non-profit organization, investors’ growing interest in artificial intelligence (AI) may be diverting funds away from crypto startups. The director suggested that the diminished investor interest, even with a rising crypto market, supports this assertion. The director said the diminished interest could be due to a lack of awareness about …
Monthly archives: September 2024
Bitcoin Short-Term Holders Feeling the Stress As Correction Brings Positions Underwater: Glassnode
Short-term holders (STHs) of Bitcoin are feeling pain as BTC falls in price, creating the potential for heightened volatility, according to analytics firm Glassnode. In a new report, Glassnode says that the short-term holder cohort is “heavily underwater” in their positions. “The Bitcoin market has continued to experience downward pressure over recent months despite the …
Here’s What Could Happen in December 2024 for Ethereum (ETH), According to Analyst Benjamin Cowen
Crypto analyst Benjamin Cowen says that Ethereum (ETH) could finally reach a price bottom sometime in December of this year. In a new strategy session, Cowen tells his 812,000 YouTube subscribers that the unemployment rate in the US has historically topped out in December, coinciding with a bottom in crypto markets. Given that unemployment is …
‘Unfazed by the Market’ – Whales Accumulate Over $10,271,000,000 in Bitcoin in Just Six Months: IntoTheBlock
New data from market intelligence platform IntoTheBlock reveals that crypto whales have accumulated over $10 billion worth of Bitcoin (BTC) during the last six months. In a new report, IntoTheBlock says that whales appear unworried by the downward price action as deep-pocketed investors holding between 100 and 1,000 Bitcoin have been steadily collecting tens of …
Friend.tech Abandons Smart Contract Control, FRIEND Token Plummets
TLDR: Friend.tech transferred control of smart contracts to Ethereum null address FRIEND token price dropped over 30% in 24 hours after the transfer Total value locked on Friend.tech fell from $52 million to under $3.5 million Daily fees earned on the protocol have been consistently below $1,000 since late July The move effectively ends the …
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Meme Coins are for Everyone (Almost)
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › In the popular tradition of sticking it to the man, meme coins have emerged as the ultimate one finger salute. Meme coins are seen by retail buyers as a way to invest in something outside the …
Generating only $21 in revenue in 30 days, FriendTech relinquishes control of contracts
On Sept. 8, the team behind the decentralized social media protocol Friend.Tech transferred control of its smart contract to Ethereum’s null address, effectively relinquishing control of the project one year after its successful launch. In a social media post on X, the team stated: “Admin and ownership parameters have been set to 0x000…000 to prevent …
Bitcoin mining aids in Texas grid stabilization and harnesses wasted renewable energy in Japan
Quick Take Bitcoin mining often faces criticism for its energy consumption and environmental impact. However, it also offers significant benefits, particularly in grid stabilization and energy efficiency. One key advantage is the ability of Bitcoin miners to switch on and off instantly, allowing them to respond to fluctuations in energy demand. For instance, Pierre Rochard, …
Bitcoin Layer 2 Protocol Stacks Achieves New High in Smart Contract Deployments
Stacks, the Bitcoin Layer-2 protocol, has achieved a new high in smart contract deployments, with a 30% month-over-month increase. This growth reflects the ongoing efforts of developers to enhance the Bitcoin ecosystem, making Bitcoin a more productive network. The increase in deployments highlights the potential for decentralized finance (defi) on Bitcoin and the innovative projects …
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Woo X Introduces Social Trading With Ability to Hedge Against Leading Traders
Woo X, a crypto futures and spot trading platform, has launched its new social trading product, featuring a counter trading feature. This tool allows users to hedge against lead traders, offering additional opportunities for profit in varying market conditions. The platform also introduces a fair profit-sharing model, ensuring users only share profits when truly in …
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Trump Threatens Countries Leaving the U.S. Dollar With 100% Tariffs
Former President and Republican candidate Donald Trump announced future sanctions for countries supporting de-dollarization. At a rally held in Wisconsin, Trump declared: “You leave the dollar, and you’re not doing business with the United States because we are going to impose a 100% tariff on your goods.” These statements come months after reports indicated that …
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Moscow Exchange Opts out of Russia’s Crypto Trading Program
The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of a legislative package to legalize digital currencies, allowing exchange trading under the oversight of the …
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Trader Predicts Healthy Rise for Bitcoin, Says BTC Flashing Multiple Signs of Potential Bottom Formation
A closely followed crypto strategist says he’s seeing signals that Bitcoin (BTC) is in the early stages of reversing its latest correction. Pseudonymous analyst Credible Crypto tells his 417,400 followers on the social media platform X that Bitcoin trader activity suggests that BTC could be setting up for a short squeeze. A short squeeze happens …
Latam Insights: Venezuelan Opposition Leader Proposes Bitcoin Reserve; Maduro Wants to Retake the Crypto Path
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Venezuelan opposition leader María Corina Machado proposes creating a bitcoin reserve, Venezuelan President Nicolás Maduro states that the country must retake the crypto path, and a GAFILAT report indicates that bitcoin has not …
UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements
The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets. The regulator issued 450 consumer alerts against illegal crypto …
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