Month: July 2023

Undervalued ethereum competitor prompts shift in investor sentiment

InQubeta, an AI-based crowdfunding platform, is gaining attention as a potential competitor to ethereum (ETH), leading to a shift in investor sentiment. InQubeta introduces a crowdfunding platform that connects crypto investors with AI start-ups, creating a novel way for investors to participate in AI-driven projects. The platform’s fractional investment model, powered by its native token QUBE, provides investors with transparent and accessible access to the AI market. This approach has attracted retail investors previously limited in their investment options. While Ethereum has long been the leading smart contract platform, InQubeta…

Project roadmap or token price — Which is most important?

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In the latest episode of Market Talks, show host and Cointelegraph head of markets Ray Salmond sat down with Polkadot ambassador and content creator KryptosChain to discuss the current state of the crypto market and drastic changes taking place in the Polkadot ecosystem.  According to KryptosChain, the crypto market is possibly rounding the last corner of the bear market, and across the space, sentiment and money flow are steadily beginning to improve. “Overall, I do think the market sentiment right now is hype-driven, but hopefully, we can change that with enterprise…

Binance customers represented by entity, citing inadequate representation

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A third-party entity named “Eeon” has stepped forward to intervene in the case, representing the interests of Binance’s customers regarding the lawsuit filed by the United States Securities and Exchange Commission (SEC) against Binance. As stated in the filing with the District Court for the District of Columbia, Eeon claims that the SEC and Binance’s attorneys have failed to sufficiently represent the interests of Binance’s customers, leading Eeon to seek representation for them. In the filing, Eeon asserted,  “We are the appropriate parties involved in this case, as the Court…

AI signals vs. human intuition: Decision-making in crypto trading

Traditionally, traders have relied on human-based pattern recognition and technical analysis, looking at the company’s financial health, competitors and other methods for determining what trades to make on an asset. However, with the growth of artificial intelligence (AI), there are additional ways that traders can analyze the markets, using the data gathered via machine learning. Both methods have their place in the industry, but it is best to understand how they both work and their benefits and drawbacks. AI plays a crucial role in cryptocurrency trading by providing insights and…

FTX victim raises $450k for liquid token startup

FTX victim, who lost over 90% of his net worth following the collapse, successfully raised $450,000 from his recently launched trading fund. Belgian resident Kasper Vendeloock recently launched Musca Capital, a new fund that trades liquid tokens. The venture is supported by Hashmask NFT project founders and two other investors. With the funds raised, Vandeloock aims to rebuild his trading systems and implement automated strategies. He will begin by trading liquid tokens on centralized exchanges. Vandeloock strives to recover from a substantial financial setback resulting from the collapse of the…

XRP trading volume skyrockets amid favorable court decision

News of a favorable XRP ruling in its legal battle against the US SEC has sent the token’s trading volumes jumping by more than 1,300%.  The ruling sparked a surge in XRP’s price, with the digital asset reaching a high of $0.93, the highest value seen since May 2021. Data compiled by CCData, a prominent crypto research company, revealed a significant influx of trading activity following Judge Analisa Torres’ ruling. XRP trading activity | Source: CCData CCData’s research showed XRP trading pairs on centralized exchanges experienced a total volume of…

Ripple CEO calls XRP ruling a win for crypto industry

Ripple CEO Brad Garlinghouse has shared his sentiments about a recent ruling that XRP is not a security. On July 13, Federal District judge Analisa Torres ruled that XRP, the native currency of the XRP Ledger (XRP), is not an unregistered security, except when used to raise funds from institutions. Garlinghouse shed light on the outcome of the XRP ruling, emphasizing the positive impact on Ripple and the crypto industry. In a July 14 interview on Bloomberg TV, Garlinghouse highlighted the SEC’s previous lawsuits against himself, Ripple co-founder Chris Larson, and the…

Ark Invest sells more Coinbase shares, eyes Meta platforms, Robinhood

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As the stock price of Coinbase (COIN) reaches a 52-week high, Ark Invest, the investment management firm led by Bitcoin (BTC) bull Cathie Wood, has recently divested more of its Coinbase shares. Following Ark Invest’s significant acquisition of Coinbase shares during the bear market, the investment firm has recently sold off a portion of its Coinbase holdings for the second time this week. In the meantime, Cathie Wood, the prominent Bitcoin advocate, is actively investing in Meta Platforms (META) and Robinhood Markets (HOOD) shares. Trade information observed by Cointelegraph reveals…

Synthetix takes on counterparty risks with Infinex derivatives exchange

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Synthetix, a DeFi project in the crypto space, is preparing to expand its range of affiliated products. Kain Warwick, the founder, revealed intentions to introduce a new derivatives front-end called Infinex to the decentralized trading infrastructure of Synthetix. The upcoming exchange, Infinex, will cater to both novice and experienced traders by offering features similar to centralized exchanges (CEX), such as a non-custodial central limit order book. While Synthetix already operates Kwenta, a derivatives decentralized exchange (DEX) on Optimism, Warwick has highlighted three key issues with the current platform. For instance,…

SEC accepts bitcoin ETF applications from BlackRock, Fidelity, Galaxy Digital

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC has initiated the acknowledgment process for spot bitcoin ETF applications. This sets the stage for the potential acceptance of the first such funds in the United States. The SEC has begun acknowledging these spot bitcoin ETF applications. ETF Research Analyst at Bloomberg Intelligence James Seyffart first noticed the move and took it to Twitter. The acknowledgment of applications included those from BlackRock, Fidelity, WisdomTree Funds, Invesco US, and VanEck. The list is published on…