Day: July 13, 2023

Shiba Inu Whale That Holds 10% of Supply Moves $30M in SHIB Tokens

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Understanding the effects on price and market sentiment

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Bitcoin (BTC), the pioneering cryptocurrency that sparked a global revolution in digital assets, operates on a unique monetary policy. One of the defining features of Bitcoin is its halving event, which occurs approximately every four years. This article will explore the economics behind Bitcoin’s halving, examining its effects on price movements and market sentiment. By understanding these factors, investors and enthusiasts can gain valuable insights into the cryptocurrency’s market behavior. Related: How does the monetary supply affect cryptocurrencies? What is a Bitcoin halving? A Bitcoin halving, also known as a “halvening,”…

Europe’s first spot Bitcoin ETF eyes 2023 debut after year-long delay

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Europe’s first spot Bitcoin (BTC) exchange-traded fund (ETF) is set to debut later this year after a long delay. The Bitcoin ETF by Jacobi Asset Management — a London-based multi-asset investment platform — was set to debut on the Euronext Amsterdam exchange in July 2022.  However, unprecedented market conditions caused by the collapse of the Terra ecosystem in May 2022, as well as the FTX collapse in November, forced the asset manager to postpone the listing. The Jacobi Bitcoin ETF received approval from the Guernsey Financial Services Commission (GFSC) to launch…

Will Bitcoin catch up? BTC price was $40K when the dollar was this weak last time

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Bitcoin (BTC) may see a “parabolic curve” begin thanks to U.S. dollar weakness as the greenback falls to three-month lows. In a tweet on July 11, popular trader Moustache suggested that the time is right for BTC price history to repeat itself. DXY “most important chart” for Bitcoin this year Bitcoin’s formerly strong inverse correlation to dollar strength has waned this year, but its latest movements are a talking point among traders. Data from Cointelegraph Markets Pro and TradingView shows the U.S. dollar index (DXY) on the way to testing…

Telegram Wallet bot enables in-app payments in Bitcoin, USDT and TON

The cryptocurrency payment industry continues to evolve with a new cryptocurrency payment option coming to crypto-friendly Telegram messenger. Wallet, a Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has launched a crypto payment solution based on The Open Network (TON) blockchain. The new Wallet Pay service provides crypto payment transactions between users and retail businesses, enabling direct payments within the Telegram interface. Announcing the news on July 13, Wallet told Cryptox that the new payment feature is immediately available within all jurisdictions supported by the wallet…

Telegram Merchants’ Payment Bots Gain Access to Crypto Through Wallet

“In the past, DIY solutions have been available in the form of relatively primitive bots with links to cryptocurrency payment systems or similar products attached to them,” the Wallet team told CoinDesk. “With WalletPay, merchants can now seamlessly accept cryptocurrency payments within the Telegram app, with features available such as the ability to make payments directly within chats.” Source

Ethereum, Solana, Cardano Tops New Crypto ESG Ranking, Bitcoin Downgraded for Energy Usage

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The benchmark measured environmental, social and governance risks for and opportunities of digital assets, taking into account a range of metrics including decentralization, energy consumption, community engagement. Then, the points for each metric were aggregated and weighted for an overall score of maximum 100 points, making up the final grade from AA (best) and E (worst). Original

Meta to release commercial AI tools to rival Google, OpenAI

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Meta plans to release a commercial version of its artificial intelligence (AI) model aiming to reach wider usage, according to a Financial Times report. The report contained details from sources close to Meta, who said that although the company released its own large language mode (LLM) for researchers and academics called LLaMa earlier this year, the new version will be more widely available and can be customized by companies. This comes as Meta tries to position itself to be competitive with Microsoft-backed ChatGPT creator OpenAI and Google, the current market leaders. FT’s source,…

UK’s New Online Safety Bill to Prevent Child Harm Applies to the Metaverse, Lawmakers Agree

“The metaverse is in scope of the bill, which, as noble Lords know, has been designed to be technology neutral and future-proofed to ensure that it keeps pace with emerging technologies,” Lord Stephen Parkinson who is also a minister at the Department for Culture, Media and Sport, said at a Wednesday debate on the bill. The department was also responsible for ushering in the Online Safety Bill. Source

Polygon proposes upgrading MATIC into a multipurpose token for all chains

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Ethereum layer 2 development firm Polygon proposed upgrading its in-house MATIC (MATIC) token into a multipurpose token that can be used to validate multiple chains. The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL. According to the announcement shared with Cointelegraph, POL’s utility will span all the Polygon protocols, which includes Polygon PoS, zkEVM and Supernets. Sharing details about the anticipated upgrade, the announcement read: “Primarily, it enables the pool…