Day: August 10, 2023

Bitcoin Price Trims Gains But Resistance Turned Support Intact

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Bitcoin price started a downside correction from $30,200. BTC is now trading near the previous breakout resistance at $29,400. Bitcoin is correcting gains and trading below the $29,800 level. The price is trading above $29,400 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support near $29,840 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $29,400 support zone. Bitcoin Price Holds Support Bitcoin price started a…

Apple’s 30% tax rules will stay for now, crypto and NFTs may have to wait

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Crypto app developers hoping for a loosening of Apple’s App Store rules will have to wait longer after a United States Supreme Court held off on granting a request to let apps direct users to payments outside of Apple’s ecosystem. An Aug. 9 decision from Justice Elena Kagan declined to let a federal appeals court decision take immediate effect as Epic had asked — with no explanation for the decision. Not surprisingly, the Supreme Court (by decision of Justice Kagan, who is the SCOTUS judge to whom such 9th Cir.…

Aptos, Microsoft partner to fuse AI with blockchain

Aptos Labs has partnered with Microsoft to integrate AI capabilities with blockchain technology, per an announcement on Aug. 9.  The Aptos Assistant, developed by Aptos Labs in collaboration with Microsoft, provides users and developers with valuable insights and analytical data on the Aptos environment. The partnership will involve Aptos Labs establishing validator nodes on Microsoft’s Azure cloud computing service. These nodes are vital in supporting the blockchain and enabling transaction processes. Further enriching the collaboration, GitHub, a Microsoft-owned code repository, will integrate Aptos’s programming language, “Move,” into Copilot. This AI system aids…

Litecoin Hash Rate Steady Despite Dismal Price Action: Will This Change?

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One week after the highly anticipated Litecoin halving event on August 2, on-chain data reveals that the network’s hash rate, a key measure of computing power channeled to the network, is steady but erratic. As of August 9, trackers indicate that the Litecoin network’s hash rate is hovering around 760 TH/s, a notable decrease from the all-time peak of 816 TH/s recorded in late July 2023. Litecoin Prices Steady But Lower, Rally Incoming? Litecoin prices, on the other hand, are firm but down in the previous week of trading. CoinMarketCap data on August…

XRP Could Experience Nearly 10% Surge Upon Immediate Break Of These Key Levels

XRP has halted its decline by rising above the $0.60 price level. In the past 24 hours, its value increased by nearly 6%. However, XRP hasn’t yet shown significant gains on the weekly chart. The technical analysis suggests a positive trend for XRP, but there’s a chance that the coin could face more downward movement in the upcoming trading sessions. If buyers push the price higher, XRP might maintain its position above the current price level. Moreover, breaking through two crucial resistance levels could lead to a potential surge of…

Y00ts to Migrate to Ethereum, Will Return $3M Polygon Grant

“But ultimately, we believe it makes the most sense for y00ts to be on the same chain as DeGods,” said Vora. “We feel really lucky to have collaborated with so many great, hard-working people at Polygon Labs, and we can’t thank them enough. It’s an exciting chapter for all of us, and I’m looking forward to what the future holds.” Source

Aptos token rises 11.6% after Microsoft deal to marry AI with blockchain

Aptos (APT), the cryptocurrency powering layer-1 blockchain Aptos Network, is up approximately 11.6% since announcing it will leverage Microsoft’s suite of artificial intelligence tools to advance Web3 adoption among banks and financial enterprises. This will be achieved by enabling the Aptos Network to tap into Microsoft’s Azure OpenAI service to explore innovations in asset tokenization, on-chain payments and central bank digital currencies, Aptos explained in an Aug. 9 statement. Today, we’re making Aptos history.@AptosLabs is partnering with @Microsoft to unlock Web3 on the @Aptos_Network. As an @msPartner, our joint suite…

13 banks in Russia chosen for digital ruble pilot program

The central bank of Russia is preparing to pilot the digital ruble, the country’s central bank digital currency (CBDC).  Starting on Aug. 15, the test will aim to evaluate the feasibility and functionality of a digital rendition of the ruble. Thirteen banks and a limited number of their customers will participate in the pilot program to evaluate the performance of the digital ruble platform.  The bank’s first deputy governor, Olga Skorobogatova, emphasized the significance of this phase, which aims to refine customer engagement methods and create a user-friendly experience. Still, the central…

SEC Appealing XRP Ruling Isn’t Moving Markets

PayPal’s move to issue a stablecoin is putting crypto legislation back in focus in Washington, D.C. Timothy Massad, former CFTC chairman and current director of the Digital Assets Policy Project at the Harvard Kennedy School, joined the conversation. tastycrypto head Ryan Grace shared his crypto markets outlook. And, The Sandbox co-founder and COO Sebastien Borget discussed the virtual world’s latest collaboration. Source

Fireblocks discloses massive vulnerability affecting crypto wallets

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Over 15 widely-used crypto wallet providers and projects have gaping vulnerabilities that could potentially see millions of crypto wallets drained, according to digital asset infrastructure firm Fireblocks. In an Aug. 9 press release, Fireblocks said the series of vulnerabilities, dubbed BitForge, are affecting wallets using multi-party computation (MPC) technology, which allows for multiple parties to control and manage cryptocurrency holdings. 1/ The Fireblocks research team has uncovered BitForge, a set of vulnerabilities in some of the most widely adopted MPC protocols, that allow an attacker to retrieve a private key…