Day: August 20, 2023

Robinhood Faces $16 Million Whale Exodus

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Despite the fact that the cryptocurrency market is always changing, Dogecoin whales have become a defining force. They are responsible for big moves that send ripples through the digital world. Whale Alert, a blockchain tracking and analytics tool, recently found out about a huge transfer of 253,419,377 DOGE from Robinhood to an unknown wallet. This brought these mysterious entities back into the spotlight, as they always do. As this transaction happens against the background of Dogecoin’s unwavering resilience in the middle of volatile market shifts, the actions of these (can…

Bitcoin on the way to ‘bearadise?’ $20K is back as a BTC price target

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Bitcoin (BTC) hovered above $26,000 into the Aug. 20 weekly close as doomsday BTC price targets kept coming. BTC/USD 1-hour chart. Source: TradingView Analysis: Bitcoin may see new “generational buying opportunity” Data from Cointelegraph Markets Pro and TradingView showed an eerie calm covering BTC/USD over the weekend, with the market down 11% in seven days. Rattled market observers remained highly cautious, and looking ahead, Keith Alan, co-founder of monitoring resource Material Indicators, saw only modest room for improvement. “I think $25k will eventually breakdown and clear a path to retest…

No room for compromise: marketplaces must do more to tackle stolen NFTs

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The non-fungible token (NFT) space spares no one, not even those who call themselves NFT God. An experienced investor like Kevin Rose also got duped in early-2023, losing NFTs worth $1 million or more. Cracks like these betray the troubled state of NFT security across platforms. Over 13,650 NFTs have been stolen since mid-2021, amounting to over $29.5 million. Leading NFT marketplaces are adopting and implementing processes…

Hedera Rises As Weekend’s Top 50 Sole Gainer With 15% Rally

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Hedera (HBAR), despite the very unpredictable cryptocurrency market, has demonstrated its ability to defy trends by recording more than 14% increase on its price chart, Sunday. Hedera has not only held its place despite the volatile circumstances that frequently affect other digital assets, but has also shown steady resilience. At the time of writing, HBAR emerged as the only crypto in the top 50 ranking with the highest increase in the seven-day timeframe at 15%. Trading at $$0.063, HBAR only sustained a very minor 1.1% loss in the last 24…

US judge rules in favor of human ingenuity, denies copyright for AI art

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In a recent court decision, United States District Judge Beryl Howell upheld the stance of the U.S. Copyright Office that artworks created solely by artificial intelligence (AI) are not eligible for copyright protection. This verdict came amid growing worries about the possibility of generative AI taking the place of human artists and writers. With over 100 days passed since the commencement of the Hollywood writer’s strike, concerns have escalated regarding the potential takeover of scriptwriting by AI. Nonetheless, intellectual property regulations have consistently upheld that copyrights are exclusively bestowed upon creations…

Analysts review Chainlink, Shiba Inu and Borroe prospects

Chainlink (LINK) and Shiba Inu (SHIB) are firm in August primarily due to positive ecosystem developments. While Chainlink (LINK) partnered with a popular crypto exchange, Shiba Inu launched Shibarium. However, Borroe’s utility is why most investors are exploring the project in Q3 2O23. Borroe raised $250,000 in five days and is currently in the early stages of its presale. This article discusses the funding model in Borroe and its role in web3. Chainlink partners with Coinbase Chainlink partnered with Coinbase to launch Base, a layer-2 network. In this collaboration, Chainlink will provide…

Ripple CTO clarifies on SEC appeal, spotlights case complexity

In a recent update on X (formerly known as Twitter), The Chief Technology Officer (CTO) of Ripple Labs, David “JoelKatz” Schwartz, brought attention to a recent development involving the U.S. Securities and Exchange Commission (SEC) appeal plea.  As per the insights shared by the CTO, the SEC is seeking an appeal at this specific point based on its interpretation that the legal case has not yet reached a conclusion. This understanding affords involved parties the privilege to appeal subsequent to the finalization of the case. This procedural strategy, intended to…

Ripple CTO clarifies on SEC appeal, highlights case complexity

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In a recent update on X (formerly Twitter), the chief technology officer of Ripple Labs, David Schwartz, brought attention to a recent development involving the United States Securities and Exchange Commission’s (SEC) appeal.  According to Schwartz, the SEC is seeking an appeal at this specific point based on its interpretation that the legal case has not yet concluded. This understanding affords involved parties the privilege to appeal after the finalization of the case. This procedural strategy is intended to enhance the legal proceedings’ efficiency and avoid continuous disruptions to the…

Gemini files brief in lawsuit against SEC, requests to keep it simple

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Cryptocurrency exchange Gemini has filed a reply brief as part of its effort to dismiss the lawsuit it is facing against the United States Securities and Exchange Commission (SEC). The lawsuit alleges that “Gemini Earn” – a service enabling customers to lend crypto assets like Bitcoin (BTC) to Genesis – breached securities regulations by offering unregistered securities.  According to Aug. 18 court documents, filed in the U.S District Court for the Southern District of New York, Gemini has argued that the SEC has failed to make a clear claim. “Section…

Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko

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There is a significant worldwide contrast in household electricity expenses for individual Bitcoin (BTC) miners. While producing one Bitcoin in Italy costs $208,500, in Lebanon, it’s roughly 783 times cheaper, according to a recent report. Published on Aug. 17, CoinGecko’s report revealed that only 65 countries are profitable for solo Bitcoin miners, based solely on household electricity costs. Among these, 34 countries are in Asia, while Europe only has five.  However, solo Bitcoin miners find themselves at odds with the worldwide average of household electricity costs.  “The average household electricity cost to…