Day: August 11, 2023

Bitcoin Price Next Leg Lower Underway And At Risk for Key Reasons

Bitcoin price is moving lower from the $30,200 zone. BTC is signaling a fresh decline and there is a risk of a drop toward the $28,500 support. Bitcoin is struggling to remain in a positive zone above $29,200. The price is trading below $29,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $29,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if it breaks the $29,200 support zone. Bitcoin…

XRP briefly hits $50 on Gemini as users suspect relisting ‘price glitch’

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Crypto users have reported seeing “wonky” prices for Ripple’s XRP (XRP) token on the Gemini crypto exchange hours after it relisted the token on its platform for deposits and trading. Several crypto community members on X (Twitter) on Aug. 11 posted screenshots of what many have described as a “price glitch” that has seen XRP’s displayed price on the exchange rise above $1 a number of times and even spiking to $50 on one occasion. Major exchange @Gemini had a glitch. $50 per #XRP! pic.twitter.com/UBEWN7Rv7j — JackTheRippler ©️ (@RippleXrpie) August…

RocketX join hands with Hedera for blockchain interoperability

RocketX, a multichain centralized and decentralized exchange (DEX) aggregator that allows users to trade multiple assets, is integrating Hedera, per a press release shared with crypto.news on Aug. 10. RocketX integrates Hedera Incorporating the RocketX infrastructure aims to enhance Hedera’s interoperability in decentralized finance (defi). This development will also likely make Hedera interact with other networks and blockchains more seamlessly. RocketX is a platform that facilitates the trading of numerous assets from multiple networks via a single user interface and API.  As of Aug. 10, RocketX aggregates more than 300 centralized and…

Robinhood beats investors’ appeal in GameStop meme stock case

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A United States federal appeals court has upheld a decision to dismiss an investor class action lawsuit against online brokerage firm Robinhood Markets over its meme stock trading debacle in early 2021. A total of 16 investors took part in a class action lawsuit against the trading platform in September 2021, alleging the firm restricted them from purchasing 13 “meme stocks” when hedge funds were being short squeezed in January 2021. This stopped them reaping the profits and also caused the share prices of these stocks to plummet, they alleged.…

Curve DAO Scores $5 Million Boost From Binance, Eyes BNB Chain Expansion

In a strategic move to bolster the decentralized finance (DeFi) sector, Binance Labs, the venture capital and incubation arm of Binance, has committed a substantial $5 million investment in Curve DAO Token (CRV).  The Ethereum-based CRV token is the backbone of the Curve ecosystem, which has established itself as the largest stable swap and second-largest decentralized exchange (DEX). Curve and Binance’s BNB Chain Forge Strategic Alliance As part of the partnership, Curve will explore the deployment of its protocol on the BNB Chain, the thriving ecosystem powered by its native…

Dogecoin Rally Ahead? This Positive Correlation Data Points To A Potential 20% Jump For DOGE

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Dogecoin has been one of the cryptocurrencies to watch in the past few weeks. However, the token’s price appears to be slowing down after recording significant bullish momentum. Interestingly, there might be renewed optimism around the DOGE price, as a crypto analyst has offered insight on what to expect from the meme coin in the coming weeks. Dogecoin To Experience A 20% Price Rally?   On Thursday, August 10, crypto analyst Ali Martinez shared data from IntoTheBlock, suggesting that DOGE might witness a positive price movement soon. This suggestion is based…

Pentagon forms ‘Task Force Lima’ to map generative AI for US defense

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The United States Pentagon has launched a new task force to look into how generative artificial intelligence can be used for the nation’s defense. On Aug. 10, the Pentagon announced the formation of “Task Force Lima” which would look into integrating AI across the U.S. defense apparatus so it can “design, deploy, and use generative AI technologies.” In a statement, the Department of Defense said the aim is to use AI to enhance its business affairs, health, readiness, policy and warfighting capabilities. Today, @DepSecDef signed Task Force Lima into effect. This @DeptofDefense-wide…

Bank of England requests academic input on CBDC

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Bank of England (BoE) and HM Treasury issued a call for interest, seeking academic experts to join a new advisory group focused on central bank digital currencies (CBDCs). The CBDC Academic Advisory Group will provide guidance as the institutions move into the design phase for a potential “digital pound.” Members will come from disciplines like economics, law, marketing and computer science. In February, the bank and treasury released a report assessing the need for and…

Bitcoin Bears Ran Out Of Coins? What This Analyst Forecast For BTC At $30,000

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Despite today’s macroeconomic developments, the price of Bitcoin continues to move sideways and seems likely to stay on this path. The number one crypto by market cap has seen its volatility drop to fresh lows as its price is trapped at current levels. At the time of writing, Bitcoin trades at $26,600 with sideways movement in the last 24 hours. Over the past seven days, the cryptocurrency has recorded some profits but has been unable to break above or below the $28,000 to $30,500 range. BTC’s price is moving sideways…