Day: July 30, 2023

US passes military spending bill, aims to curb crypto money laundering

The U.S. Senate has approved the 2024 National Defense Authorization Act (NDAA). The bill included a provision to strengthen regulatory scrutiny of financial institutions involved in crypto trading, particularly mixers and anonymity-enhancing tokens, focusing on enhancing oversight and transparency of crypto transactions. Bipartisan senators unite to propel crypto regulation The bipartisan group of U.S. Senators, including Kirsten Gillibrand, Cynthia Lummis, Elizabeth Warren, and Roger Marshall, had proposed this amendment. They highlighted that this step taken by Congress is one of the most significant actions regarding crypto assets regulations in the U.S.…

Here’s How Long The Majority Of New Ethereum Wallets Are Used Before They’re Dumped

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Ethereum is currently the leader in decentralized finance, non-fungible tokens, and smart contracts, and it continues to maintain its position as the dominant cryptocurrency in the altcoin market. This has led to Ethereum having the highest rate of creation of new addresses when compared to the other blockchains. However, data suggests most of these new addresses are dumped just after a few days.  New Ethereum Wallets Are Used for Only a Short Time Ethereum is second to Bitcoin in terms of unique addresses. Ycharts estimates put the number of unique…

InQubeta taking over crypto channels on Telegram, TON edges BNB and ETH

In the competitive crypto market, Toncoin (TON) is a worthy contender whose activity has surpassed (BNB) and Ethereum (ETH), thereby attracting considerable investor interest. However, a new player, InQubeta, has gained significant attention in crypto-focused Telegram channels, generating discussions and curiosity among investors.  This article delves into the reasons behind the growing popularity of the InQubeta crypto artificial intelligence (AI) project. InQubeta  is dominating crypto Telegram channels InQubeta, a platform aiming to democratize investments in AI startups, is popular in the crypto scene. Its native token, QUBE, dominates crypto-centric Telegram channels…

Bitcoin due key MACD bull flag repeat as BTC price freezes at $29.3K

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Bitcoin (BTC) further reduced volatility ahead of the July 30 weekly close as traders eyed an exciting long-term bull signal. BTC/USD 1-hour chart. Source: TradingView BTC price makes weekend “slower than ever” Data from Cointelegraph Markets Pro and TradingView followed sideways BTC price action over the weekend, with BTC/USD sticking in a tiny $150 range. #Bitcoin Trading within a $10 range for the past 1.5 hours. Weekends are slower than ever lately. pic.twitter.com/FmZLL82wrk — Daan Crypto Trades (@DaanCrypto) July 29, 2023 Conditions throughout the week had remained calm, despite a…

blockchain can save billions for financial institutions

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A joint report released on July 29 by Ripple and the US Faster Payments Council shows that blockchain technology could save financial institutions roughly $10 billion in cross-border payment expenses by 2030.  A survey of 300 finance professionals from 45 countries, including those in fintech, banking, media, consumer technology, and retail, revealed that blockchain technology would play a significant role in speeding up payment systems, reducing cross-border payment costs, and enhancing their velocity within the next three years,…

5 Python libraries to interpret machine learning models

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Understanding machine learning models’ behavior, predictions, and interpretation is essential for ensuring fairness and transparency in artificial intelligence (AI) applications. Many Python modules offer methods and tools for interpreting models. Here are five to examine: What is a Python library? A Python library is a collection of pre-written code, functions and modules that extend the capabilities of Python programming. Libraries are designed to provide specific functionalities, making it easier for developers to perform various tasks without writing all the code from scratch. One of Python’s advantages is the wide variety…

Shiba Inu Whales Boost Appetite, Snag 1T SHIB

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Shiba Inu, one of the well-known alternative coins on the cryptocurrency market, has seen its price rise dramatically over the past week. This increase in value can be primarily attributable to whale activities, which have significantly improved the performance of the meme coin. Shiba Inu has distinguished itself among the many alternative cryptocurrencies with a fantastic price increase. Shiba Inu fans and investors have been closely keeping tabs on the market’s developments and have seen a rapid rise in the asset’s value. Related Reading: Dogecoin Leaps 13% Following Elon Musk’s Cryptic Tweet…

Ripple Report Foresees Blockchain Saving Financial Institutions $10 Billion By 2030

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Blockchain technology is continually reshaping the financial industry, offering promising transformations in transaction processing. Its potential is immense, as outlined in a recent report by digital payment network Ripple in collaboration with the United States Faster Payments Council (FPC). The report presents a robust case for blockchain’s role in expediting payment systems and the ensuing cost savings. But is the financial sector ready to embrace this emerging technology on a large scale? Financial Institutions To Embrace Faster Payment Systems With Blockchain The survey, which received inputs from 300 finance professionals…

Maker (MKR) Signals Bullish Price Formation – Is $1.300 Around The Corner?

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Maker (MKR), one of the prominent players in the decentralized finance (DeFi) space, has experienced a remarkable 11% price surge in the past seven days. Despite a slight drop in the last hour, the token’s performance remains impressive.  Maker (MKR) Bullish Price Sentiment Maker’s recent price performance has been noteworthy, with a solid 11% increase over the past week. The token also recorded a 4.21% price increase in the last 24 hours, indicating strong momentum in the short term. However, a minor correction of 0.81% in the past hour highlights…

Investors questioning PEPE potential, exploring Tradecurve

Pepe is a cryptocurrency based on the popular internet meme “Pepe the Frog.” Its prices surged shortly after launch. Similarly, Tradecurve is following a similar trend, recently rallying with expectations of more gains. In May of 2023, PEPE had a market capitalization of $1.8 billion. Investors are now considering whether this meme coin can replicate its past performance and closely monitoring the project. >>Register for the Tradecurve presale<< Pepe price prediction Meme coins are popular as they are speculative and volatile.  Such was the case with Pepe (PEPE), as it surged shortly…