Popular crypto analyst Altcoin Sherpa says that one red-hot artificial intelligence (AI)-related memecoin continues to show market strength after a massive surge. The pseudonymous trader tells his 233,000 followers on the social media platform X that Act I: The AI Prophecy (ACT) is looking strong on the four-hour chart. According to the trader’s chart, ACT …
Yearly archives: 2024
Crypto Analyst Issues Ethereum Alert, Says ETH Approaching the First ‘Trouble Area’ – Here Are His Targets
A widely followed crypto analyst is leaning bearish on Ethereum (ETH) despite the digital asset recently showing strength. In a new strategy session, pseudonymous crypto trader Credible Crypto tells his 441,400 followers on the social media platform X that Ethereum is rapidly approaching a trouble area when paired against Bitcoin (BTC). Based on the analyst’s …
Blockchain Education: A Critical Component for Web3 Adoption, Says Veteran Educator
A blockchain education expert believes that learning about blockchain is crucial for the safe and effective use of Web3 technology. Blockchain Education: Fragmented and Inconsistent According to Pauline Cohen Vorms, co-founder of the Polkadot Blockchain Academy, blockchain education is essential for the adoption of Web3 technology. Vorms, a veteran educator, added that the growing list …
Bitcoin Miners Raised Over $5 Billion in 2024 With $3.6 Billion Spent on Machines and Infrastructure
Bitcoin mining companies channeled a significant portion of their fund raises into machine and infrastructure upgrades. Miners Raise Big and Invest Big in Bitcoin Mining 16 publicly traded bitcoin mining companies have raised more than $5 billion in 2024, according to theminermag.com. The report also revealed that Q3 had the biggest property, plant, and equipment …
Japanese Regulator Issues Warning Letters to 5 Unregistered Crypto Exchanges
Japan’s financial regulator, the FSA, has cracked down on five unregistered cryptocurrency exchanges targeting Japanese residents. Users of 5 Exchanges May Lack Asset Protection The Financial Services Agency (FSA), Japan’s financial regulator, announced Nov. 29 that it has issued warning letters to five cryptocurrency exchanges it accuses of operating without registration. The five crypto exchanges …
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Trader Says One Metric Signaling Massive Upside Potential for Bitcoin, Updates Outlook on Ethereum and Dogecoin
Cryptocurrency trader Ali Martinez is leaning bullish on Bitcoin (BTC) while offering his forecast for Ethereum (ETH) and Dogecoin (DOGE). Martinez tells his 91,300 followers on the social media platform X that online searches for the keyword “Bitcoin” are in the bottom 50th percentile, suggesting low interest relative to the levels usually experienced at the …
Canadian media giants sue OpenAI over ChatGPT’s alleged copyright violations
A coalition of Canadian media organizations has launched a lawsuit against OpenAI, claiming the company’s ChatGPT product infringed copyrights by utilizing their journalism without authorization, according to a Nov. 29 court filing. The plaintiffs include prominent outlets such as CBC/Radio-Canada, The Toronto Star, and The Globe and Mail. They are seeking damages and an injunction …
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Dollar’s Role Shrinks as 80% of Russian Export Revenues Shift to Non-Toxic Currencies
Russia’s central bank, the Bank of Russia, has revealed that over 80% of major Russian exporters’ revenues are now denominated in rubles and “friendly” currencies, marking a significant shift from Western currencies. Deputy Governor Philipp Gabuniya highlighted this transition, noting that the share of “toxic” currencies — namely the U.S. dollar and euro — dropped …
Jim Cramer Champions Crypto — Reveals Why BTC and ETH Belong in Your Portfolio
Jim Cramer advocates for bitcoin and ethereum as key portfolio assets, citing their appeal amid rising U.S. debt and their potential to navigate fiscal challenges. Jim Cramer: ‘I’ve Liked Crypto for a Very Long Time’ Jim Cramer, host of CNBC’s Mad Money, defended his support for cryptocurrency on Tuesday, recommending bitcoin and ethereum as portfolio …
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Putin Signs Law Declaring Crypto as Property in Russia
Russia officially declares cryptocurrency as property, unleashing groundbreaking tax rules: mining exemptions, progressive income taxes, and steep corporate levies starting in 2025. Crypto Officially Property in Russia After Putin Signs Landmark Law Russian President Vladimir Putin has signed a law officially designating digital currencies as property, laying the groundwork for taxation and regulation within the …
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Ripple’s Stablecoin Near Approval, Launch Countdown Underway
Ripple’s stablecoin is reportedly near regulatory approval, signaling a significant step toward reshaping the stablecoin market with a regulated, fully backed digital dollar. Ripple’s Game-Changing Stablecoin RLUSD Awaits Final Nod by Regulator Ripple is reportedly close to securing approval for its regulated stablecoin, RLUSD, from the New York Department of Financial Services (NYDFS), according to …
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‘Point of No Return:’ BRICS Profiles Native Payments System for a ‘Global Majority’
Sergey Ryabkov, deputy foreign minister of Russia and BRICS Sherpa, reinforced that the BRICS bloc had reached a point of no return in the process of adopting a native and independent payments system. Ryabkov stated that the plans had already been laid out and that states should “run with it.” Russian Deputy Foreign Minister: BRICS …
Curve Finance Launches L2 Dex Leveraging Taiko’s Based Rollup Tech
Curve Finance has launched Curve-Lite, a decentralized exchange (dex) powered by the Ethereum layer two (L2) scaling solution Taiko, emphasizing scalability and cost-effectiveness for decentralized finance (defi) users. Curve-Lite: A Scalable Defi Solution Debuts on Taiko Curve Finance has introduced Curve-Lite, a decentralized exchange (dex) instance utilizing the L2 Ethereum scaling solution Taiko. According to …
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$89,670,000,000 in Increasingly Risky Loans Flagged at JPMorgan Chase, Wells Fargo and Bank of America: Report
America’s biggest banks are reporting a rapid increase in the number of substandard, doubtful and potentially loss-making loans on their balance sheets, according to a new report. The amount of money tied up in criticized loans, which show emerging signs of risk and weakness that could lead to defaults, just reached its highest level since …
Crypto Analyst Says One Solana Rival Primed To Go Higher, Outlines Path Forward for Fantom and NEAR Protocol
A widely followed crypto analyst thinks one Solana (SOL) challenger is gearing up for more rounds of upside bursts. Pseudonymous analyst Altcoin Sherpa tells his 232,200 followers on the social media platform X that Sei (SEI) looks bullish after breaking out of a rounding bottom pattern on the weekly chart. A rounding bottom formation is …