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…
Month: August 2023
First Mover Asia: Bitcoin is CPI Resistant
Modest Consumer Price Index (CPI) numbers mean that the chance of another rate hike is dwindling. Original
Dogecoin Rally Ahead? This Positive Correlation Data Points To A Potential 20% Jump For DOGE
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
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
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…
Telegram trading bots are hot, but don’t trust them for custody — Security firms
Telegram trading bots, which have been turning the messaging platform into a quasi-crypto marketplace, pose significant security risks for users and require further scrutiny, according to blockchain security firms. While such trading bots have existed for years, they’ve recently gained attention as crypto markets gain and associated bot tokens have gained in price, blockchain security firm CertiK told Cointelegraph. As of the time of writing, the combined market capitalization of Telegram bot tokens is nearing $250 million, according to CoinGecko. The largest of the pack is Unibot; other popular bots include Wagie…
Binance US failed to produce accounting statements despite extension
As Binance US countered the United States Securities and Exchange Commission’s (SEC) lawsuit, a federal court recently asked the exchange to provide accounting statements. However, citing complexities, they requested an extension, which was granted. Weeks later, Binance US is yet to submit accounting statements, prompting concerns about compliance. Accounting complexities Joe Carlasare, a partner at Amundsen Davis, LLC, and the Co-chair of the Cryptocurrency, Blockchain, and FinTech group, shared a tweet on Aug. 9 displaying a document indicating that BAM Management US Holdings Inc., which is behind Binance US, had…
Terra Classic (LUNC) Chances Of Revival Grow Slimmer, Here’s Why
Terra Classic (LUNC) has suffered persistent declines since the network’s collapse back in 2022. These declines have ranged from its price through to the network’s Total Value Locked (TVL). And even while development abounds among its community members to try to restore it to its past glory, the numbers point to a low possibility of recovery. Terra Classic TVL Falls To All-Time Low After Terra’s crash in 2022, the network lost a significant chunk of its TVL due to investors pulling out their funds as well as developers moving their…
The Price Divergence That Predicts A Phony
This week, Bitcoin traders braced for a breakout as an important technical buy signal triggered and BTCUSD shot up over $30,000 temporarily. They came up short-handed, however, as the market took an immediate turn back down. Interestingly, the fakeout could have possibly been predicted by a divergence between two BTCUSD price charts. Why Price Patterns And Technical Signals Can Fail Price patterns are tough to trade in cryptocurrencies. Because so many eyes are on the same pattern meeting precise parameters, the market has a way of making people pay for…