The future of AI depends on our ability to build a more inclusive, equitable, and decentralized computational landscape, says Mark Rydon, co-founder of Aethir.
Dishonesty brings consequences. A couple proved this phrase when they received money by mistake and kept it to themselves. Their action led them to serve jail time. A major error from Crypto.com crypto exchange resulted in refunding $10 Million instead of $100. The incident began in May 2021 when Jatinder Singh tried to deposit $100 …
The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.
Lumerin, Morpheus and Exabits are working together to build a blockchain-based AI agent economy, but talent and time constraints still pose challenges.
Morgan Stanley will be the first major Wall Street bank to permit its financial advisors to offer spot Bitcoin exchange-traded funds (ETFs), CNBC reported on Aug. 2, citing sources familiar with the matter. This decision enables Morgan Stanley’s over 15,000 financial advisors to sell shares of BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin […]
The post Morgan Stanley first in Wall Street to authorize spot Bitcoin ETFs for wealthy clients appeared first on CryptoSlate.
Since the Solana blockchain experienced a rise in failed transactions in April, due to the memecoin frenzy, several members of the community have been quite uncertain about the network. However, Marty Party, host of Crypto Traders Club Space has shed light on the issue of failed transactions on the Solana blockchain, addressing widespread worries among […]
Bitcoin remains volatile at spot rates. Despite the spectacular recovery yesterday, August 1, the downtrend remains, at least for now. Specifically, looking at the candlestick arrangement in the daily chart, there could be more growth once prices break $70,000. Before then, traders are closely monitoring price action aware that there could be more losses, pushing the coin below $60,000. Amid this, some analysts are bullish in the long term, ignoring short-term price volatility. Bitcoin Remains Bullish Despite Recent Price Drops In a post on X, Willy Woo, an on-chain analyst, said that though bears might succeed in the short to medium term, unwinding gains and progress made in the first half of the year, the path of least resistance in the long term remains northward. Related Reading: Polygon Price Risks Plunge With 90 Million MATIC Tokens Selling At $0.5 As on-chain data reveals increased movement among long-term holders (LTHs), shifting coins to top exchanges could heap more pressure on prices. Even so, Woo thinks that in the years to come, Bitcoin could range between $700,000 in the lower level and as high as $24 million, assuming it finds maximum adoption. The analyst said this bullish prediction is primarily based on the bullish assumption that Bitcoin would capture anywhere between 3% and 100% of the global wealth, which stands at over $500 trillion. Woo says the lower limit, 3%, is the upper bound of the recommended exposure laid out by Fidelity for institutions seeking to invest in the world’s most valuable coin. If most institutions allocate just 3% of their portfolio to Bitcoin via derivatives as spot ETFs, the probability of the coin soaring to $700,000 will be high. On the other hand, assuming everyone chooses to move their wealth to Bitcoin, divesting from the current traditional portfolios and choosing BTC, then the coin will explode to as high as $24 million. This assumption is, even according to Woo, improbable but cannot be discounted. BTC Is Transitioning, Spot ETFs Crucial For Growth Woo, in the post on X, said at spot rates, Bitcoin is in a transition. Looking at adoption charts, the coin is moving from the early to late majority adoption. Though in the nascent stages, a successful, hitch-free evolution will be crucial in driving prices even higher. Related Reading: Why XRP Price Won’t Skyrocket After Ripple-SEC Ruling: Crypto Pundit The key driver and catalyst of adoption in this vital stage will be the adoption of spot Bitcoin ETFs. Since the United States Securities and Exchange Commission (SEC) approved this derivative product, one analyst has picked a direct correlation between bullish swings and inflows into spot ETFs. For this reason, how institutions perceive BTC and allocate funds will be critical. Feature image from Canva, chart from TradingView
In this ongoing selling pressure, the overall cryptocurrency market may experience a massive sell-off. Today, in order to return a massive $3 billion worth of assets to customers, Genesis has recently transferred a significant $2.958 billion worth of Bitcoin (BTC) and Ethereum (ETH), according to the on-chain analytics firm Lookonchain. Genesis moves $3 billion worth …
The broker raised its year-end price target for the software company to $2,150 from $1,875.
A recent post on the Mt. Gox insolvency subreddit has sparked significant controversy and backlash among community members. A Mt. Gox creditor’s Bitcoin claim was waived off by the defunct exchange. The move was taken due to no response on the creditor emails sent by the collapsed exchange. Hence, the creditor seeks to take legal …
France's Autorité des Marchés Financiers said it started accepting applications for crypto asset services provider licenses on July 1.
As per a CNBC report, Japan’s stock markets hit an eight-month low on Friday, as they declined for two straight days after the Bank of Japan raised benchmark interest rates to their highest level since 2008. BoJ Raises Interest Rates By 15 Basis Points On Wednesday, the Bank of Japan (BOJ) raised interest rates by …
Major U.S. stock indexes are suffering 2.5%-3.5% declines on Friday.
Shiba Inu (SHIB) turned four on August 1, a remarkable milestone for the meme coin, especially considering how far it has come. One of Shiba Inu’s highlights has been its token burns, which were again on display throughout July. Over 379 Million SHIB Tokens Burned In July Shiba Inu’s burn tracker Shibburn revealed in an […]
Cardano (ADA) is currently competing with Ethereum in terms of large transaction volume. This is undoubtedly a positive development for the ADA ecosystem, especially since it indicates a wave of accumulation among the token’s large holders. Cardano Matches Ethereum In Large Transaction Volume Data from the market intelligence platform IntoTheBlock shows that Cardano is witnessing a similar large transaction volume as Ethereum. In the last 24 hours, Cardano recorded a large transaction volume of $6.7 billion, while Ethereum witnessed a large transaction volume of $6.71 billion. Related Reading: Why Did This Crypto Whale Spend $400 Million Buying Bitcoin Yesterday? This development suggests that Cardano whales have been active these past few days as they look to add more tokens to their positions, especially with the market currently on a dip and as these investors anticipate the much-awaited price rally from ADA. Further data from IntoTheBlock confirms this, as there has been an over 15% increase in large holders’ net flow over the last seven days. Data from the on-chain analytics platform Santiment also shows that Cardano whales have added to their positions. These investors, wallets holding between 100,000 and 10 million ADA tokens, collectively bought 120 million ADA tokens between July 17 and August 1. These wallets now hold over 5.69 billion ADA tokens. An increase in whale activity presents a bullish outlook for the Cardano ecosystem. These investors could influence market prices, and these purchases could spark a significant surge in ADA’s price. This will provide a much-needed boost for Cardano, seeing how the crypto token has underperformed since the start of the year. Cardano has a year-to-date (YTD) loss of over 35% and is one of the most shorted altcoins, thanks to this unimpressive price action. However, Santiment has suggested that a massive turnaround for the crypto token cannot be ruled out since Cardano being heavily shorted increases the “chances of liquidations leading to pumps.” The on-chain analytics platform claimed these liquidations could act as “rocket fuel” for a price rally for Cardano. What Will Eventually Spark That ADA Rally? Cardano has failed to enjoy any significant rally despite several bullish developments in its ecosystem this year. The most recent bullish fundamental was the news that the US Securities and Exchange Commission (SEC) no longer considers ADA a security following the amendment of its complaint against Binance. Related Reading: Crypto Analyst Says Dogecoin Price Will Rise Over 7,200% To Reach $10, Here’s Why Meanwhile, the Chang Hard Fork is underway as Cardano transitions to the Voltaire era and ushers in its most advanced governance system. It is worth mentioning that ADA’s price maintained a tepid price movement following the release of node validator software, version 9.1.0, which incorporates the Chang Hard Fork. As such, Cardano’s price action begs the question of what needs to happen for the crypto token to finally witness that much-anticipated price rally and catch up with the rest of the major cap tokens in terms of YTD gains. At the time of writing, Cardano is trading at around $0.38, down in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
A major cryptocurrency exchange, Bybit, has announced a halt to its services in the French market. Starting August 2, it will cease their operations for the French nationals. It took the closure decision due to recent regulatory developments and stringent regulatory pressures from the Autorité des Marchés Financiers (AMF). Let’s explore what it means for …
The Republican nominee for US president pledged to commute Ross Ulbricht’s sentence, fire SEC Chair Gary Gensler, and have all Bitcoin mined in the United States.
Fantom has rebranded to Sonic Labs, one of the main bodies supporting Sonic, a new layer-1 blockchain with a layer-2 bridge that connects to Ethereum. The project’s official documentation stated: “We rebranded to Sonic Labs on August 1, 2024. Previously, our company was called ‘Fantom Foundation’ and our Opera chain was referred to as ‘Fantom.'” […]
The post Fantom rebrands to Sonic Labs, focusing on new high-speed blockchain appeared first on CryptoSlate.
The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million.
Genesis's large crypto movement and subsequent market dip highlight ongoing volatility and the broader impact of institutional actions on crypto stability.
The post Genesis moves $1.5 billion in BTC and ETH, Bitcoin dips 2.2% in one hour appeared first on Crypto Briefing.
The U.S.'s pursuit of Bitcoin mining dominance could offer a golden ticket to national renewal, with our projections suggesting it could contribute to $30.6 billion in GDP and 54,000 jobs by 2028 if the U.S. captures 90% of the global market.
Quick Take Following a disappointing US jobs report, which revealed an unemployment spike to 4.3% and the addition of just 114,000 jobs, the Sahm Rule has been triggered, according to Head of Investment Strategy Liz Thomas at SoFi. Based on the unemployment rate, this indicator signals a recession is already underway if the unemployment rate, […]
The post Bitcoin’s correlation with gold strengthens amid recessionary signals appeared first on CryptoSlate.
Morgan Stanley's move could accelerate Bitcoin's integration into traditional finance, potentially influencing other major banks to follow suit.
The post Morgan Stanley greenlights Bitcoin spot ETF offerings for wealth advisors appeared first on Crypto Briefing.
Crypto exchange Bybit will be withdrawing its services from France in response to regulations in the country. From Aug. 2, French users will no longer be able to purchase any products from Bybit or add to their positions. All deposits to French user’s accounts will also be restricted. In May, France’s financial regulator, Autorité des …
In this bearish market sentiment, short sellers are highly active and are creating more short positions compared to long buyers. This is the third consecutive day of this week where the overall market continues to experience downside momentum. Amid this selling pressure, short sellers believe that Ripple’s native token XRP won’t reach the $0.619 level, …
Peter Schiff, a well-known crypto skeptic, shared his thoughts on the large Bitcoin portfolio of the two market giants. MicroStrategy owns 226,500 BTC, while the IBIT ETF holds 343,387.46 BTC. Schiff suggests the companies may have to sell their BTC bags. Schuff’s new post suggests that MicroStrategy may be under pressure from creditors, who may …
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7.
The stablecoin market has reached a significant milestone, soaring to a two-year high with market capitalization reaching $164 billion. This impressive growth has been driven primarily by Tether (USDT). Tether (USDT) currently dominates the stablecoin market, holding a commanding 70% share. Circle stablecoin USDC holds a 21% market share. Smaller players, including DAI, FDUSD, and …
The Ethereum price is constantly forming lower highs and lows, displaying the growing strength of the bears as market dynamics have lost their stability. Along with Bitcoin prices, Ethereum prices have also been slashed to some extent, while the bulls are trying hard to defend the lower support. Now that the trend has flipped in …
With the inclusion of Bitcoin rewards, Futu Securities aims to attract a new wave of investors.