Bitcoin’s (BTC) price has taken a significant hit, falling by 7% and dropping below $52,900 for the first time in over a month. This sudden decline has raised questions among investors and crypto enthusiasts alike. Several factors have contributed to this sharp drop, and understanding them is crucial for predicting Bitcoin’s next moves. U.S. Job…
An estimated quarter of smartphone users do not find AI features helpful for them, although tech giants are pouring billions of dollars into the technology, a recent survey has revealed. Smartphone makers like Samsung, Apple, Google, and Huawei have placed significant emphasis on upgrading devices to integrate them with the fast-growing AI technologies to enhance…
The general public is not actively concerned about whether applications are decentralized because they often cannot tell the difference between centralized and decentralized systems, according to Cais Manai, co-founder of Obscuro Labs. What matters more to them, Manai argues, is how decentralization can address real-world issues. Users Set to Value Decentralized Systems More As an…
Erik Voorhees founded ShapeShift to promote financial privacy and decentralized exchanges, shifting control to a DAO in 2021. Venice AI, Voorhees’ latest venture, champions privacy-focused, open-source AI, countering centralized tech giants and government oversight. Erik Voorhees, whose name is synonymous with bitcoin innovation, is one of the most prominent personalities in the digital finance industry….
September 7, 2024 at 09:45 AM GST updated: September 6, 2024 at 05:02 PM 3 mins read Press Release Are you ready to stay ahead in the fast-paced crypto market? With countless opportunities unfolding, it’s crucial to know where to focus. Whether it’s the rapidly filling Qubetics (TICS) whitelist, offering exclusive early access to an…
The post Why is Bitcoin (BTC) Price Crashing? Top Reasons Behind the 7% Drop appeared first on Coinpedia Fintech News Bitcoin’s (BTC) price has taken a significant hit, falling by 7% and dropping below $52,900 for the first time in over a month. This sudden decline has raised questions among investors and crypto enthusiasts alike….
The Financial Intelligence Unit (FIU-India) of India is expected to approve two further offshore cryptocurrency exchanges to recommence their activities by the conclusion of the fiscal year 2025, after a comprehensive evaluation of their adherence to anti-money laundering (AML) legislation. The FIU is presently evaluating four fresh requests from four exchanges that were previously prohibited…
Este artículo también está disponible en español. On Friday, the cryptocurrency market’s Fear and Greed Index plummeted to “extreme fear,” reflecting growing anxiety among investors as the Bitcoin price dipped to a weekly low of $53,700. This downturn marks a continuation of a broader sell-off that has plagued the market, particularly since Bitcoin struggled to…
Journalist Posted: September 7, 2024 RENDER’s price trend has been bearish in recent months. The retest of the $4.4 support zone could offer a buying opportunity. Render [RENDER] has retraced almost all the gains it made during the price bounce from the 21st to the 26th of August. It was trading at $4.716 at press…
Cover image via www.freepik.com 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…
Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000. Source link
API3 unveiled a new generation of solutions designed to make decentralized finance faster, more efficient, and more sustainable. API3 is focusing on improving the infrastructure behind DeFi to ensure long-term growth and better performance for developers. It is rolling out its latest technology aimed at improving how DeFi protocols access real-world data, according to a…
The broader cryptocurrency market has recently come under strong selling pressure amid the collapsing tech stocks in the US equity market on Friday. With the BTC price crashing 5%, Bitcoin critic Peter Schiff took a jibe at the asset showing how it is underperforming to Gold. However, popular crypto trader Peter Brandt soon corrected Schiff…
After the crypto market struggled to maintain a bullish recovery in the past few weeks following the August 5 crash, Bitcoin (BTC) price led the altcoin sector in notable losses on Friday. In the past two days, Bitcoin price has consistently closed below the crucial support level above $57k, thus indicating the bears are in…
About forty-eight hours ago, Russia’s president Vladimir Putin appeared on national television to tell the world that Kamala Harris is his preference for president of the United States in the upcoming elections between her and his buddy Donald Trump. The former president joined us to express his surprise at the plot twist, saying: “I don’t…
Imagine that an online casino leverages blockchain to promote transparency, accuracy, and trustworthiness in its operations. Envision that this platform operates a revenue sharing model, where users get a slice of the funds it generates every week. And what if this system has a native token that is relatively unknown and has lots of room…
September 7, 2024 at 04:50 AM GST updated: September 7, 2024 at 04:46 AM 2 mins read News VanEck is set to shut its Ethereum Futures ETF (EFUT) in favor of its recently authorized spot Ethereum ETF (ETHV). The shareholders have up to September 16 to sell their EFUT shares The closure is consistent with…
The post Why Crypto Market is Down Today? Fear and Greed Index Signals Extreme Caution appeared first on Coinpedia Fintech News After the crypto market struggled to maintain a bullish recovery in the past few weeks following the August 5 crash, Bitcoin (BTC) price led the altcoin sector in notable losses on Friday. In the…
According to CoinGlass data, the crypto market encountered a significant price fluctuation that resulted in the liquidation of over $50 million worth of leveraged derivatives contracts across all crypto within one hour. Following the release of the US jobs report on Friday, the rise swiftly reversed, causing Bitcoin (BTC), the biggest crypto, to reach its…
Multiple entities have presented varying timelines for XRP to skyrocket between 44,463% and 62,288% from its current price. XRP has been the subject of several price predictions amid the prevalent market uncertainty. Notably, XRP initially spiked to $0.7440 earlier in the year. However, the ongoing market correction has triggered a retracement that has seen it…
Cover image via www.freepik.com 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…
Jan3 CEO Samson Mow reiterated that fear-driven markets “never lasts long” because fundamentals usually “win out over time.” Source link
Pavel Durov, the founder of the social network and messenger Telegram, published his first post on his channel after being detained in France. Durov thanked his subscribers for their support and said that the French police interrogated him for four days. He called the claims against him, and the situation itself was surprising since, as…
Crypto Prices Today (September 7): The broader market witnessed a price crash as U.S. jobs data and recession fears sparked volatility. Bitcoin (BTC) price sunk to the $53k level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP prices slipped 4-7%. The global market cap noted a nearly 5% decline in value to…
In an astonishing win, Coinbase has secured a significant victory in its ongoing legal battle with the SEC. On September 5, a federal judge ruled in the favor of the crypto exchange to allow its legal team access to certain SEC documents. These documents will unfold the scenarios of how the regulator classifies crypto tokens…
The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally using regular banking rails. Japanese Banks Aim to Ditch Intermediaries for Blockchain-Based Stablecoin System Traditional…
Ethereum co-founder Vitalik Buterin has pledged to donate all Layer 2 (L2) tokens he holds to support public goods within the Ethereum ecosystem or broader charitable causes. This announcement comes a few days after accusations that he had sold millions in Ether (ETH) for personal gain. Vitalik Buterin Denies Profit Motive Buterin was quick to…
Brussels, Belgium, September 6th, 2024, Chainwire Aleph Zero will work alongside the world’s largest telecommunications organizations to help to develop standardized blockchain APIs for the industry Aleph Zero, a blockchain ecosystem engineered for speed, data confidentiality, and ease of development, has officially joined the CAMARA Foundation as a General Member. This strategic move marks a…
September 7, 2024 at 08:00 AM GST updated: September 6, 2024 at 12:06 PM 1 min read News They are doing well, and as the cryptocurrency market develops, these specific coins have some remarkable qualities and the ability to achieve incredible highs. Here are five coins with unique characteristics that define the future of crypto…
The post BONK Price Defies Bears with 4% Surge, Open Interest Signals Massive Rally appeared first on Coinpedia Fintech News Bonk (BONK), the popular Solana-based meme coin, is defying the market trend and is poised for a massive price surge despite bearish sentiment. With an impressive 4% price surge, it has gained significant attention from…
Este artículo también está disponible en español. SUI showed a remarkable performance on Friday amid the market retrace. Following Bitcoin’s drop to the $55,000 mark, the cryptocurrency was among the few tokens showing green numbers with an 8% surge. The token’s performance, alongside the network’s developments, has fueled a bullish sentiment among investors. However, some…
contributor Posted: September 7, 2024 Ethereum co-founder Vitalik Buterin has said he will not invest in layer 2 projects in the foreseeable future. His statement comes amid an intense debate on the benefits that these protocols have on the main blockchain. Ethereum [ETH] co-founder, Vitalik Buterin, has come out to state that he does not…
Contents Ripple boss: Japan committed to advancing crypto tech Japanese largest banks pilot stablecoin platform Ripple’s chief executive officer Brad Garlinghouse has taken to his X account to share his impressions of meeting a high-ranking Japanese official this week, as they talked about the adoption of crypto and blockchain technology in Japan. Ripple boss: Japan…
The commentary came as the Ethereum co-founder denies allegations that he’s cashing out crypto for profit. Source link
Coinbase stock slipped for eight straight days, the longest losing streak since July, as cryptocurrencies continued falling. Coinbase is facing major headwinds Decentralized and centralized exchanges have come under pressure as cryptocurrency volume has dropped in the past few months. Data from DeFi Llama shows that the volume traded in DEXs peaked at $260 billion…
According to Victor Yu, co-founder of Carv, the current digital ecosystem favors data distributors over data creators. While he acknowledges the usefulness of regulatory frameworks like the General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA)in overseeing internet users, Yu believes these frameworks fall short because they do not translate into full user…
The Ethereum Foundation is set to soon release a financial report that addresses growing concerns within the community over its recent spending and financial transparency. Ethereum Foundation to Release Financial Report, Holds $650 Million in Main Wallet Ethereum researcher Justin Drake, under the pseudonym “bobthesponge1,” shared the update during a session on the r/ethereum subreddit….
SEC reportedly deliberates on appeal following recent reports that Ripple (XRP) has asked the court for a stay order. While former SEC lawyers are certain that the Commission could file an appeal, a pro-XRP lawyer believes the decision could go either way. According to Whale Alert data, a whopping 100 million XRP ($54 million) was…
September 7, 2024 at 07:00 AM GST updated: September 6, 2024 at 11:39 AM 2 mins read News The most traded currencies in day trading include the Bitcoins and Ethereum due to their high liquidity and fluctuations. Using assets such as Chainlink and Solana, traders can take advantage of emerging technologies that help to create…
The post Beware! This Software Can Drain Your Crypto Wallets appeared first on Coinpedia Fintech News Hackers are getting more and more aggressive towards stealing cryptos. They have stolen over $1.2 Billion in crypto since January. Reports suggest that most of these hacks are related to DPRK. The FBI has issued a Public service announcement…
SOL has declined by 15.83% over the last 30 days Analysts believe a rebound may be incoming based on 3 previous breakpoint cycles Solana [SOL], the fifth largest cryptocurrency by market cap, has seen some extreme volatility in 2024. After enjoying a steady rise in 2023, the so-called ETH killer has failed to maintain its…
The Bitcoin (BTC) price recently experienced a sharp jump higher following the most recent US jobs report that has abated recession fears. The cryptocurrency came close to reacliaming the $57,000. BTC/USD by TradingView The US added a total of 142,00 jobs last month. This marks a major improvement compared to 89,000 jobs in July. The…
With Lula supporting Moraes and the Bar Association challenging the decision, Brazil’s Supreme Court must decide X’s fate amid free speech concerns. Source link
Bybit has received formal consent from the Astana Financial Services Authority for full authorization in Kazakhstan. In a Sept. 6 press release, Bybit said it aims to tap into the growing crypto market in Kazakhstan and the broader Commonwealth of Independent States region. The AFSA granted the approval, bringing the platform closer to becoming a fully…
Hackers are getting more and more aggressive towards stealing cryptos. They have stolen over $1.2 Billion in crypto since January. Reports suggest that most of these hacks are related to DPRK. The FBI has issued a Public service announcement on September 3, warning the crypto industry about North Korean hackers. Let’s explore what kind of…
Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still consulting market participants, with no set implementation date. Kalyalya highlighted that foreign currency use hinders effective monetary…
Binance, the world’s largest cryptocurrency exchange, continues its altcoin announcements. At this point, Binance announced that it will launch futures trading for the altcoin called NEIROETH with 75x leverage. “Dear Binancians, To expand the list of trading options offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the NEIROETH/USDT Perpetual Contract…
The crypto market, already underwhelming, took another downturn this week. Top crypto projects like Solana (SOL) and Cardano (ADA) lost key price levels. For seasoned investors, these are great accumulation zones—not for newcomers, though. Meanwhile, DTX Exchange (DTX), the hybrid trading platform turning heads in the crypto space, launched its Layer-1 blockchain. This coincides with…
September 7, 2024 at 04:55 AM GST updated: September 7, 2024 at 12:50 AM 2 mins read News EU settles with X: Halts AI data use, ensures EEA privacy compliance. X agrees to delete EU user data from May 7 to Aug 1 after DPC legal action. DPC to consult EDPB on AI data use,…
Bitcoin (BTC) and Ethereum (ETH), the world’s leading cryptocurrencies, are showing visible differences following the launch of their spot ETF products. While Bitcoin has increased in value after the debut of its ETF in January, Ethereum has experienced a decline. This divergence in Bitcoin and Ethereum price action offers a unique perspective on the crypto…