Chinese firms are reportedly gaining access to cutting-edge AI capabilities and restricted US Chips through Amazon cloud services or its competitors, according to details obtained from some tender documents. This comes as the US government implemented embargoes on the export of AI chips and tools due to geopolitical tensions between the US and China. According…
Justin Sun downplayed risk USDD fears after withdrawing its 12K BTC collateral. Despite the reassurance, an analyst viewed Sun as a likely risk factor in the space. Tron [TRX] founder Justin Sun hit the headlines this week after withdrawing Bitcoin [BTC], which was initially set as collateral for the Tron-based stablecoin, Decentralized USD [USDD]. He…
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The Sept. 28 earnings report is being called the most important event of the year for the stock market. Source link
Sun Token price continued pumping on Friday, Aug. 23, making it one of the best-performing cryptocurrencies this week. Sun (SUN) surged to a high of $0.028, marking its highest level since December 2021 and a staggering 526% increase from its lowest point in 2023. Its market capitalization has grown significantly, rising from $101 million on…
AAVE price showed an insignificant growth of 0.1% during the U.S. market session on Friday. While the intraday trades are neutral, the short-term holders have acquired significant profit as AAVE coin bounced from $90 to $136— a 50% increase within two weeks. Will this recovery continue, or are buyers exhausted to drive further rally? AAVE…
Chinese firms are reportedly gaining access to cutting-edge AI capabilities and restricted US Chips through Amazon cloud services or its competitors, according to details obtained from some tender documents. This comes as the US government implemented embargoes on the export of AI chips and tools due to geopolitical tensions between the US and China. According…
The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather feedback on effective regulation. India is emphasizing the importance of international…
Bitcoin price is holding resistance above the $60,000 level, supported by positive on-chain and derivatives market data that suggests growing optimism among traders. Traders are increasingly positioning for further price gains as Bitcoin recovers, currently up more than 22% from its Aug. 5 lows of $49,500, according to data from CryptoQuant and Deribit. On-chain analysis…
Chainlink is driving innovation in tokenized real-world assets by enhancing transparency and interoperability. Key integrations include improved ETF transparency, cross-chain transfers for real estate and financial tokens, and global asset management solutions. The rise of tokenized real-world assets (RWA) is reshaping the financial landscape, and Chainlink is at the forefront of this transformation. As the…
August 24, 2024 at 03:45 AM GST updated: August 24, 2024 at 02:43 AM 2 mins read News Australian court finds Kraken’s operator non-compliant with financial product regulations since Oct 2021. ASIC targets Bit Trade for lacking crucial target market determination in crypto margin trading. Kraken vows compliance enhancement following Australian Federal Court’s regulatory ruling….
It’s been a month since spot Ethereum ETFs launched in the U.S., and let’s just say things haven’t gone exactly as planned. Investors, it seems, aren’t as pumped as everyone hoped they would be. The nine ETFs that hold Ethereum directly have been experiencing outflows for six straight days. Since their launch, these funds have…
Economist and market analyst Henrik Zeberg has made an updated bullish forecast for Bitcoin, predicting that the leading cryptocurrency could surge between $115,000 and $120,000. Zeberg, who forecasted a rise to $95,000-$100,000 in December 2022, revised his prediction based on his Business Cycle Model. Related Reading Bitcoin On The Verge Of A Breakout? Despite a…
Litecoin has seen a 0.98% surge in the last 24 hours. Metrics point to rising whale activity and significant liquidation zones. Litecoin [LTC] has seen a modest surge of 0.67% over the last 24 hours, sparking interest about the possibility of an imminent bullish reversal. The altcoin was bouncing off a key support level at…
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In Q2, the five Bitcoin miners that JPMorgan keeps tabs on mined 5,854 Bitcoin. Some miners are shifting their computational power from Bitcoin mining to AI projects. A recent research from JPMorgan states that Bitcoin miners are finding it difficult to maintain profit due to the April halving of the Bitcoin network and increasing power…
Donald Trump overtook Kamala Harris on Polymarket after Robert F. Kennedy Jr. dropped out of the U.S. presidential race. Polymarket bettors have wagered $87 million on a 51% chance that Republican candidate Donald Trump will be elected America’s 48th president after the pro-Bitcoin independent candidate exited the ballot. Democratic pick Kamala Harris surge ahead of…
The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether. Source link
Pro-Bitcoin politician and former Presidential Candidate Robert F. Kennedy (RFK) Jr. has confirmed in a court filing that he will support Donald Trump in the coming election. Many pundits following the electioneering campaign had predicted this move before now, and the court filing gave the final confirmation to the speculations. RFK Jr Behind Donald Trump:…
Bitcoin miners are facing a tough reality right now. The April halving cut rewards in half, from 6.25 BTC to 3.125 BTC per block, making it harder for miners to stay profitable. On top of that, rising energy costs are eating into what little profit is left. This is the kind of squeeze that has…
The United States is urging countries to collaborate on the responsible use of artificial intelligence (AI) in military applications. A senior State Department official, Mallory Stewart, emphasized the need for countries to agree on AI guidelines that align with international laws. Concerns about the potential negative consequences of AI in military applications, such as prolonged…
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August has been a challenging month for the Solana network, with a noticeable decline in user activity and transactions. As the month concludes, Solana has hit its lowest annual figures in terms of transactions and active addresses. This drop has led to a significant decrease in network fees and revenue, which plummeted by over 50%…
As Binance continues its meme coin listing spree, the crypto world is closely watching for the next big opportunity. Recently, Brett was listed on Binance, and the price surged by 50%. Shortly after, Popcat was listed, and its price soared by 35%. Now, all eyes are on Dogs, which is scheduled for listing on August…
August 24, 2024 at 04:55 AM GST updated: August 24, 2024 at 03:30 AM 2 mins read News Crypto advocates challenge SEC’s CAT program over privacy concerns. SEC’s CAT could link personal info to blockchain wallets, sparking a legal battle. Potential Gensler nomination as Treasury Secretary stirs political discussion The Blockchain Association and DeFi Education…
The crypto community buzzes with anticipation as Binance, the world’s largest cryptocurrency exchange, continues its streak of meme coin listings. Each new listing has the potential to catapult prices to new heights. We’ve seen that with recent additions like Brett, which surged by 50% post-listing. Moreover, Popcat saw a 35% increase. With Dogs set to…
On-chain data shows Bitcoin has been moving to Coinbase from other exchanges. Here’s what this has historically meant for the asset. Bitcoin Coinbase Flow Pulse Has Turned Back Green Recently As explained by CryptoQuant author Axel Adler Jr in a new post on X, Coinbase has resumed inflows from other exchanges recently. The indicator of…
The influx of institutional demand has likely been one of the major factors that explained why Bitcoin hovered around the previous cycle ATHs. Investors need not fear lower timeframe volatility, as metrics support a buy-and-hold strategy. Bitcoin [BTC] was in a downtrend on the weekly chart but an uptrend on the monthly chart. It has…
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On October 15th, a new trial date will be suggested, replacing the original January 14th date. Notably, the exchange has maintained that the SEC should not regulate it. Kraken, a prominent cryptocurrency exchange, is under increasing legal pressure after a US court rejected its request to dismiss the SEC lawsuit. The most recent court filing…
BTC miners are struggling to adapt to a post-halving environment. Source link
China has successfully extradited a suspect involved in a massive $14 billion cryptocurrency pyramid scheme from Thailand. The suspect, identified as Zhang, is accused of leading the MBI Group, which allegedly lured over 10 million investors with promises of high returns from 2012 until the present. According to China’s Ministry of Public Security, Zhang’s scheme…
AI News: Meta CEO, Mark Zuckerberg, and Spotify CEO, Daniel Ek, are advocating for Europe to adopt open-source AI to remain competitive in the global tech industry. In a joint statement, the two leaders emphasize that open-source AI, which permits developers to access and modify AI models freely, is essential for fostering innovation and economic…
Onchain Highlights DEFINITION: The number of unique accumulation addresses. Accumulation addresses are defined as addresses that have at least 2 incoming non-dust transfers and have never spent funds. Exchange addresses and addresses receiving from coinbase transactions (miner addresses) are discarded. To account for lost coins, addresses that were last active more than 7 years ago are…
The Federal Reserve is on the brink of slashing interest rates, but the big question is how deep will the cut be? Earlier today, Jerome Powell pretty much confirmed that a cut is coming. Now, the market’s all-in on figuring out just how much of a cut we’re talking about. Most people are betting on…
A recent Central Bank of Nigeria survey reveals that Nigerian businesses expect the naira to weaken further before strengthening in late 2024 or early 2025. This pessimism comes despite the CBN injecting millions into the forex market. The naira’s depreciation has fueled inflation, sparking protests. While most businesses are pessimistic about the naira’s immediate future,…
Legendary cryptocurrency analyst il Capo of Crypto offered his followers his new views in light of the latest developments in the market. Bitcoin price jumped today as the possibility of a rate cut increased following dovish speeches by Jerome Powell. Speaking after the rise experienced on the BTC side, the analyst explained that the first…
This year, Turkey has introduced extensive regulations concerning the cryptocurrency sector, now officially codified in the Official Gazette. These rules mandate that cryptocurrency companies aiming to serve Turkish citizens must comply with application processes and meet stringent criteria. Both domestically-based firms and those meeting numerous collateral conditions are now permitted to operate within Turkey’s borders….
The recent 35% surge in Popcat’s price following its Binance listing has the crypto world buzzing with speculation about which project might be next. Among the top contenders is MoonBag, a rapidly growing project that has already raised nearly $4 million in its presale. MoonBag has been making headlines with its strategic moves, including a…
August 24, 2024 at 03:45 AM GST updated: August 23, 2024 at 07:18 PM 2 mins read News Stellar and Ripple supports low transaction costs and processing times using algorithms similar to XRP. Dogecoin, a memecoin with a strong community, offers low transaction fees, making it suitable for payments. 5SCAPE introduces a VR technology that…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 As the cryptocurrency market continues to evolve, investors are constantly on the lookout for altcoins with the potential for exponential growth. This analysis explores five cryptocurrencies that have caught the attention of investors for their unique features, market performance, and potential for significant returns: Pawfury, Shiba Inu (SHIB), Ripple…
Prometheum has managed to piss off just about everyone in the crypto community. It’s not the fact that they exist—it’s how they’re playing the game. While most crypto companies are struggling to keep their heads above water amidst tightening regulations, Prometheum seems to be getting cozy with regulators, ruffling feathers left and right. The company’s…
A crypto analyst is predicting a massive price breakout for the XRP price, the native token of the XRP Ledger (XRPL). Despite XRP’s sluggish price performance, the analyst believes that this cryptocurrency could soar as high as 42,263%, potentially hitting an ambitious price target of $280 this bullish cycle. Roadmap To XRP’s $280 Price Increase…
SOL has been trading sideways lately after being one of the year’s most volatile cryptos Worth looking at if and how the Solana network’s slowdown contributed to SOL’s current situation Solana’s native cryptocurrency SOL has been one of the most active coins in terms of volatility and demand this year. However, volatility has all but…
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial…
RFK’s views left an impression on the crypto world, and his campaign was well-publicized. The pairing of the two leading candidates might cause some trouble for Kamala Harris. In a court filing, Robert F. Kennedy (RFK) Jr., a politician who has been vocal in his support for Bitcoin and who ran for president before, confirmed…
This week’s Crypto Biz examines recent acquisitions in the crypto industry, Tether’s plans for a dirham stablecoin, and Polychain’s investment in the Bitcoin protocol Corn. Source link
Indian cryptocurrency exchange WazirX has announced that customers will be able to withdraw their Indian Rupee balances starting from August 26. The WazirX team noted in its announcement on Aug. 23 that customers would not yet be able to access their cryptocurrency balances for withdrawal. This update follows the exchange’s halting of all withdrawals following…
The legal pressure of the leading crypto exchange, Kraken, appears to be mounting as a US judge has denied its appeal to dismiss the SEC lawsuit. According to the latest court filing, US District Judge William H. Orrick has dismissed the exchange’s motion, ordering the exchange to answer the “complaint” within 20 days of the…
FOMO HOUR 185 – KAMALA ‘SUPPORTS’ CRYPTO? BTC ETFs: +$40m, ETH ETFs: -$18m. BTC breaks channel, ripe for ‘short squeeze’. BTC OI rises $1.3bn post Fed minutes. Kamala ‘supports crypto policies’ says advisor. Vitalik ‘bull posts’ ETH. Story Protocol raises $80m for L1. WazirX halts open orders after problems with Rupee. Coinbase & Ripple lead…