CryptoX – Cryptocurrency Analysis and News Portal MovEx had violated the lockup by initiating three transactions of 625K SUI to three unique wallets, sparking concerns around these excess tokens in the open market. Source The post Sui Foundation Bins MovEx After Violation of SUI Token Lockup Schedule appeared first on CryptoX. CryptoX Portal
Rocket Pool, a decentralized Ethereum-based staking service, experienced its largest daily redemption of its rocketpool ether (rETH) token this week, with one trader redeeming $12.3 million worth of the token before sending it to Binance. Source
The act’s significance “is that it allows electronic documents to be treated as legally analogous to paper if they meet certain criteria,” Law Commissioner Sarah Green told CoinDesk in an emailed statement, adding that blockchain technology happens to be one of the means by which such documents can meet those criteria. Source
Bitcoin (BTC) has shown much resilience in the wake of the US Federal Reserve announcing a 25 basis points hike in the Federal Funds Rate (FFR) on Wednesday. Based on data from CoinMarketCap, the premier cryptocurrency is up by 0.78% in the last 24 hours, with the majority of the market also posting notable gains. However, a crypto analyst has predicted a significant bearish trend for the market leader. Incoming Dip For Bitcoin? According to a technical report on July 27 by an analyst with the Twitter handle @CryptoFaibik, BTC…
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
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…
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
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…
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…
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…