Day: August 7, 2023

BTC price meets CPI as volatility ‘collapses’ — 5 things to know in Bitcoin this week

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Bitcoin (BTC) starts the second week of August with barely a sound as rangebound BTC price behavior continues. After one of its least volatile weekly closes, BTC/USD remains stuck at $29,000 — but can the coming seven days provide what is needed to break the deadlock? Headlining the list of potential volatility catalysts is United States inflation data in the form of the Consumer Price Index (CPI) — a key readout on the way to the next interest rate decision in September. However, with Bitcoin famously stubborn this quarter, it…

bridging deepfakes, AI and blockchain

Artificial intelligence (AI) tools are now more potent and readily available as they evolve, causing disruption in various industries, and adding value. One such tool is DeepFake Ai. The project combines blockchain and AI to create a platform for users to generate deepfakes. By including their native currency, FakeAI, investors and early participants may also explore emerging opportunities. This article examines the DeepFake Ai project, covering its features, payment options, native token, and why enthusiasts are increasingly analyzing the platform. History and background In 2017, researchers at the University of Washington…

Will Prices Of Meme Coins Continue To Drop?

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In the realm of meme coins, PEPE’s Network Realized Profit/Loss (NPL) metric has emerged as a critical barometer, shedding light on price trends within the cryptocurrency landscape. This metric has now indicated a glimmer of a price floor for the frog-themed token that has been facing its fair share of challenges. As a result, a ray of positivity has dawned upon numerous investors who have been expecting a much-needed rebound, following a prolonged period of decline within the meme coins arena. However, a more meticulous analysis of the situation unveils…

UK to expand crypto crime agency, hiring spree underway

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The United Kingdom’s National Crime Agency (NCA) wants to expand its digital assets investigation team by hiring four senior investigators for its Complex Financial Crime Team (CFCT) that will work on crypto-related crimes.  The position involves investigating high-end crypto fraud, money laundering and other blockchain-based crime carried out by organized crime groups. The investigators will be working with a surveillance team and will work with London Police. Job posting for digital assets investigators. Source: National Crime Agency The role requires working and collaborating with other investigators, intelligence and analysis team…

Rangebound BTC Price Has Crypto Options Traders Shorting Volatility

“The implied price-moving range of the current 7-day average IV is about 4% for BTC. Still, the realized daily price moving range is less than 1%, or even less than 0.5%, which means that selling volatility will have relatively good returns, although the current IVs are also at historically low levels,” Ardern told CoinDesk. “Given the absence of big news in August, selling volatility and taking a vacation for solid theta gains is the only thing I can do right now.” Source

Chancer Announces BitMart Exchange Listing as Presale Races Past $1m Mark

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Chancer, one of the most exciting new crypto projects in 2023, has raced past the significant $1 million fundraising milestone. This coincides with the announcement that their first exchange listing will take place on BitMart – a hugely popular exchange with users in over 180 countries with a trading volume of over $500 million per day. Those interesting in getting involved at the current price can do so at $0.011 before it rises by 9% to $0.012 in Stage 3 of the presale. Chancer’s CEO, Adam Kelbie, commented: “We’re thrilled…

Bitcoin Price Relatively Muted, Risk of More Downsides Still Exist

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Bitcoin price is struggling to climb above $29,500. BTC remains at risk of more downsides if there is a close below the $28,800 support. Bitcoin is still struggling to gain pace above the $29,500 pivot level. The price is trading below $29,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $29,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could attempt a fresh increase toward the $29,500 resistance zone. Bitcoin Price Stuck In Tiny…

Crypto-centered public companies record profit beating Q2 estimates

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A number of crypto-centred public companies released their quarterly earnings report over the past couple of weeks, sharing increased revenue and a jump in profits across the board. The majority of these crypto firms benefited from the rise in prices of the crypto market and a constant decline in bearish momentum, moving away from the crypto winter. Microstrategy: Bitcoin-focused institutional giant, MicroStrategy turned profitable again in the second quarter thanks to the surge in the price of Bitcoin (BTC). MicroStrategy is one of the largest corporate holders of Bitcoin in…

Curve Finance Recoups 73% of Hacked Funds Boosting CRV Sentiment

Over the past week, all $22 million in ether (ETH) and ether derivatives stolen from lending protocol AlchemixFi were returned. A trading bot returned 90% in ether stolen from JPEGd, ethical hacker “c0ffeebabe.eth” returned over $6 million from synthetic protocol Metronome and a Curve trading pool, while another ethical hacker returned $13 million from Alchemix. Source