“After conducting a bit of on-chain analysis, we were able to confirm that this Kraken address is associated with GCR. He sent millions of ETH to it from an ENS that’s confirmed to be his – Ezekielx.eth. He bought 450k MOON at an average price of 40 cents-45 cents,” Jhaveri told CoinDesk, adding that it is unclear when GCR acquired MOON tokens. Source
The rise of artificial intelligence (AI) has been subject to growing concerns over identity verification tools on cryptocurrency exchanges. With rapidly evolving AI technology, the process of creating deepfake proofs of identity is becoming easier than ever. The concerns about AI-enabled risks in crypto have triggered some prominent industry executives to speak out on the matter. Changpeng Zhao, CEO and founder of major global crypto exchange Binance, took to X (formerly Twitter) on Aug. 9 to raise the alarm on the use of AI in crypto by bad actors. “This…
Rollbit (RLB) deviated from the prevailing norms typically observed in cryptocurrency initiatives, deliberately and noticeably distinguishing itself. Instead of following the conventional practice of allocating a substantial amount of their coin supply for internal use, Rollbit opted for a different approach. This strategy exemplifies the crypto platform’s dedication to transparency and a distinct ideology pertaining to the allocation and application of its money. In the current market recovery, the RLB stands out as the frontrunner, exhibiting an unexpected and substantial surge. The token, regarded as the fundamental element of the…
“Technically, the market made its second failed attempt this month to get back above the 50-day average. The ability to consolidate above $30,000 will be a milestone, cementing the breaking of the downtrend of the last four weeks,” Kuptsikevich added. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Galaxy Digital’s CEO, Mike Novogratz, emphasizes the transformative potential of a spot bitcoin ETF in rejuvenating institutional interest. Despite the hurdles faced by the crypto industry in 2022, mainly underscored by the collapse of FTX, Galaxy Digital remains optimistic about the future of Bitcoin and the broader crypto space. CEO Mike Novogratz highlighted during the company’s recent Q2 earnings call that a spot Bitcoin ETF might become the beacon of hope that revives institutional interest in…
Nvidia, one of the world’s leading developers of semiconductor chips, revealed its latest chip on Aug. 7 which is designed to power high-level artificial intelligence (AI) systems. The company said its next-generation GH200 Grace Hopper Superchip, is one of the first to be equipped with a HBM3e processor and is designed to process “ the world’s most complex generative AI workloads, spanning large language models, recommender systems and vector databases.” Jensen Huang, the CEO of Nvidia, commented in a keynote that they’re giving the processor a “boost” and that: “This…
A Coinbase report series highlighting crypto innovation at the state level in the United States has recently published its fourth edition, which features New York. The report highlighted various milestones the state reached regarding crypto adoption. Within the report, Coinbase noted that 19% of New York residents who participated in the study own cryptocurrencies. Additionally, one in three New Yorkers agreed that crypto makes the financial system fairer and described it as a “worthwhile investment for the future.“ Bitcoin ATMs in Manhattan, New York City. Source: CoinATMRadar The Coinbase report…
Renowned analyst Josh Olszewicz has shared some compelling insights on Ethereum’s price trajectory. Drawing parallels from historical patterns, Olszewicz’s analysis suggests that Ethereum might be gearing up for a significant rally in the coming months. Historical Pattern: Ethereum Forms Ascending Triangle Olszewicz starts by highlighting Ethereum’s current price pattern, jokingly stating, “Ethereum: ascending triangle 450 million years in the making w/fib extensions to $3k.” This ascending triangle, characterized by a flat top and rising bottom, has been forming since May 2022, and if history is any guide, it could be…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Insiders suggest that Bitcoin ETF approval is inevitable. Bloomberg ETF analyst Eric Balchunas says expectations vary from four to six months. Bloomberg’s senior ETF analyst Balchunas cites the earnings call with Mike Novogratz, CEO at Galaxy Digital. Novogratz, in his turn, referred to his sources in BlackRock and Invesco. Per Novogratz, the question of Bitcoin (BTC) ETF approval is “when, not if.” According to “contacts” from inside BlackRock and Invesco spot Bitcoin ETF approval a matter…