In order to perform KYC on its users, hi will soon utilize a Proof of Human Identity solution that helps prevent bots from transacting on its layer 2 network. Source
Animoca Brands Invests $30 Million in Crypto Payments Application Hi
Day: July 27, 2023
Netflix eyes AI amid Hollywood strike, offers high-paying AI positions
As the Screen Actors Guild‐American Federation of Television and Radio Artists/Writers Guild of America (SAG-AFTRA/WGA) strike over the use of artificial intelligence (AI) in film and TV production enters its second week, Netflix is advertising for AI developers to fill Product Manager and Technical Director positions within its R&D Labs and Machine Learning division. In the job posting, Netflix stated that they are establishing a fresh product management position with the aim of enhancing the effectiveness of their Machine Learning Platform. According to Netflix, both roles will be located at the…
Bitcoin Traders May Want to Track Friday’s Bank of Japan Rate Decision. Here’s Why
These potential developments might appear inconsequential to the bitcoin market, but that’s not necessarily true. In the past, cryptocurrency has seen negative correlations with bond yields, bond market volatility, the dollar index, and global liquidity conditions. In other words, potential changes to BOJ’s YCC and the resulting volatility in traditional markets could bring volatility to the crypto market. Source BankBitcoinDecisionFridaysHeresJapanRateTrackTraders CryptoX Portal
Twitter to X rebrand sparks debate over new name for ‘tweets’
The social media platform formerly known as Twitter began its metamorphosis from its iconic blue bird, tweet-centric operations, to its new form as ‘X’ on July 24. X has replaced its bird logo with a simple white X, along with a color scheme shift from the trademark sky-blue to black and white. While links continue to read “twitter.com,” the web address “x.com” currently redirects over to the Twitter address. pic.twitter.com/dxbsqwcYv7 — Elon Musk (@elonmusk) July 25, 2023 Elon Musk, the owner of X and former CEO of the platform, said…
How It Captured PEPE Investors’ Attention
Dogecoin (DOGE) has been making headlines again with its recent price rally, causing a significant impact on the PEPE network and its investors. As the price of DOGE surged around mid-July, on-chain data indicates that investors began to abandon their holdings in PEPE, leading to a sharp decline in the network’s activity. Daily Active Addresses, a crucial metric used to gauge the level of network activity, took a hit during this period. On July 14, PEPE recorded 5,086 active users. However, by the close of July 25, that number had…
XDC soars over 11% as Bitcoin continues to range
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied XDC Network (XDC) is up by more than 11% in the last 24 hours, representing a nearly 100% increase on the monthly timeframe. Amidst weeks of Bitcoin (BTC) fluctuating between the narrow range of $29,000 and $31,000, the XDC Network (XDC) has exhibited impressive bullish momentum. Interest in XDC seems to be increasing due to its recent price surge and partnerships. In June, XDC Network forged a strategic partnership with Tokyo-based financial holding company SBI. This…
XRP, Stellar’s XLM and Solana’s SOL-Based Products Have Attracted Institutional Capital This Year
However, in terms of product volumes, ProShares’ Bitcoin Strategy ETF (BITO) dominated volumes with $179 million in average daily volumes, an increase of 2.96% from June. Grayscale’s bitcoin (BTC) and ether (ETH) trust products followed, with an average daily volume of $83.0 and $31.0 million a 29.7% and 60.4% increase, respectively. Source
Bitcoin bull run next? Bitfinex stablecoin ratio ‘blows up’ in 2023
Bitcoin (BTC) is facing the prospect of a “big bull move” as stablecoin buying power returns, on-chain data hints. Analysis courtesy of on-chain analytics platform CryptoQuant now shows stablecoin supply metrics repeating historical bull market patterns. “Major leading indicator” flips bullish for BTC price Bitcoin is in peak accumulation mode, according to CryptoQuant’s stablecoins ratio metric, and the results have always been positive for BTC price action. As noted by market cyclist and on-chain analyst Cole Garner, when denominated in United States dollars, the stablecoins ratio for exchange Bitfinex recently…
Bitcoin bull run next? Bitfinex stablecoin ratio ‘blows up’ in 2023
Bitcoin (BTC) is facing the prospect of a “big bull move” as stablecoin buying power returns, on-chain data hints. Analysis courtesy of on-chain analytics platform CryptoQuant now shows stablecoin supply metrics repeating historical bull market patterns. “Major leading indicator” flips bullish for BTC price Bitcoin is in peak accumulation mode, according to CryptoQuant’s Stablecoins Ratio metric — and the results have always been positive for BTC price action. As noted by market cyclist and on-chain analyst Cole Garner, when denominated in U.S. dollars, the Stablecoins Ratio for exchange Bitfinex recently…
Worldcoin rebuts reports of lackluster takeup as Altman cites Japan queues
Amid discussions around the falling interest in Worldcoin —the blockchain project dedicated to building a user identity network — its co-founder Sam Altman shared a video that shows people in Japan lined up to give away their iris scans in exchange for “free” Worldcoin (WLD) tokens. A video shared by Altman shows a long queue of people in Japan reportedly waiting to collect $50 worth of Worldcoin (WLD) tokens or 25 WLD. In exchange, the users are required to provide their identification through an iris scan. day 3 of @worldcoin launch, crazy…