Blockchain scaling solution Polygon (MATIC) is currently witnessing its lowest levels of supply on exchanges in four years, according to the crypto analytics firm Santiment. Santiment notes in a new analysis that only 7.1% of MATIC’s supply is currently sitting on exchanges, the lowest level since the crypto asset’s introduction in 2019. The firm says the low exchange supply “does imply limited continued selloff opportunities that should put investors somewhat at ease.” Source: Santiment MATIC is trading at $1.12 at time of writing. The 10th-ranked crypto asset by market cap…
Day: April 12, 2023
Bitcoin price rivals 10-month high as CPI data beats expectations
Bitcoin (BTC) spiked higher prior to the April 12 Wall Street open as United States inflation data outperformed market forecasts. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView CPI offers “great inflation print” for risk-on bulls Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it neared new ten-month highs on Bitstamp. Widely-predicted volatility entered immediately following the release of Consumer Price Index (CPI) data for March. This broadly conformed to expectations, with the year-on-year increase undercutting assumptions by 0.2%. “The all items index increased 5.0 percent for the 12…
The AI 'Pause' Proposal Is Deceptive and Alarmingly Hazardous
CryptoX – Cryptocurrency Analysis and News Portal It’s wrong for a handful of billionaires to decide what’s good and safe for the world – even well-intentioned AI leaders. Absolute power corrupts absolutely. Source The post The AI 'Pause' Proposal Is Deceptive and Alarmingly Hazardous appeared first on CryptoX. CryptoX Portal
Elon Musk Ramps Up Twitter AI Project Plans with Purchase of New GPUs
The move comes as a surprise, considering that Musk was recently at the forefront of another movement that raised concerns about the development of AI. Billionaire businessman Elon Musk has reportedly made some new buys in line with Twitter’s artificial intelligence (AI) project. According to a Business Insider report, Musk is forging ahead with his plans to create an AI infrastructure for Twitter and has bought almost 10,000 graphics processing units (GPUs) to this effect. Interestingly, however, the move comes as a surprise, considering that Musk was recently at the…
NFT warranties can help mass adoption of the technology, says Web3 exec
The Web3 space has seen its fair share of exploits in the recent past, with more than $320 million exploited by hackers in the first quarter of 2023. For many users, particularly prospective users, securing their digital assets is a top priority. A new nonfungible token (NFTs) warranty service from Web3 payment provider Wert and insurtech service Avata is trying to troubleshoot the asset security gap for both active and prospective collectors. According to the announcement, the opt-in warranty for NFTs will cover up to 90% of the value of…
Bitcoin price teases $30K breakdown ahead of US CPI, FOMC minutes
Bitcoin (BTC) traced $30,000 on April 12 as looming United States macroeconomic data heightened nerves. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst warns markets “discounting significance” of CPI Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near the significant psychological level after overnight lows of $29,875 on Bitstamp. Consumer Price Index (CPI) data for March is due at 2.30 pm Eastern Time, followed by minutes from last month’s meeting of the Federal Reserve Federal Open Market Committee (FOMC), at which policymakers confirmed a 0.25% interest rate hike.…
U.S. CPI Inflation Rises 0.1% in March, Slower Than Forecasts for 0.2%.
Bitcoin rose/fell to $XX,XXX in the minutes following the report. Source
Ether-Bitcoin Ratio Likely to See Deeper Decline After Shapella Upgrade: QCP Capital
Users cannot withdraw the entire stack of over 18 million staked ether immediately after the upgrade. However, just over 1 million ETH earned in staking rewards can be pulled out immediately. Troubled entities like crypto lender Celsius might sell its staked ether balance of 158,176 ETH to recover at least a portion of creditors’ funds, according to K33 Research. Original
TRON Token TRX Slides 6% following Binance.US Delisting Announcement
In its delisting announcement, Binance.US said it would remove TRON’s TRX from its trading platform on April 18th. TRON‘s native TRX coin recently shed 6.4% following delisting from Binance.US amid a regulatory lawsuit against founder Justin Sun. Weeks ago, the Securities and Exchange Commission (SEC) sued Sun over allegations that he sold and airdropped unregistered securities. The regulatory agency also accuses the popular crypto entrepreneur of fraud and market manipulation involving the TRX coin. Binance.US followed up the TRX delisting announcement with a statement that read: “We periodically review each digital asset we list to ensure that…
Validator service to use API for ETH staking process
Ether (ETH) unstaking, brought about by the Shappella upgrade, a service aimed at validators, is aiming to make staking easier by utilizing Application Programming Interfaces (APIs). In an announcement, blockchain infrastructure provider InfStones said that it’s expecting a heightened market demand for ETH staking as the Shanghai upgrade comes. Capitalizing on the event, the platform said that it is aiming to attract more participants to the Ethereum ecosystem by creating an easier staking experience through its validator service. InfStones founder Zhenwu Shi said that their Ethereum validator service lets anyone…