Month: August 2023

Bitcoin Price Losses Steam Above $30K But The Bulls Are Not Done Yet

Bitcoin price climbed above the $29,500 resistance. BTC spiked above $30,000 and is currently consolidating gains above a connecting trend line. Bitcoin is showing positive signs above the $29,500 pivot level. The price is trading above $29,550 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $29,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could attempt another increase above the $30,000 resistance zone. Bitcoin Price Attempts Upside Break Bitcoin price remained well-bid above the…

Canadian police reported using Chainalysis Reactor to trace crypto crimes

Canadian law enforcement has started using specialized software to trace crypto while investigating cybercrimes. Police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited.  As revealed by the local policeman to the Lethbridge Herald newspaper, the police forces are already enjoying access to Chainalysis Reactor software. The program helps to trace cryptocurrency from the point of origin until it’s been deposited in an exchange. Once the trace identifies the platform, police can request the account holder’s information and transaction data to see…

Trader Who Bet $10M on Luna’s Collapse Holds 450K MOON Tokens

“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

Identity checks on crypto exchanges at risk as AI deepfakes evolve

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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 Coin Dominates Top 100 Crypto Ranking With 130% Gain

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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…

Branded Stablecoins Like PYUSD to Proliferate as Market Expands: Bernstein

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Galaxy Digital’s Novogratz eyes potential in Bitcoin ETF

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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 drops new AI chip expected to cut development costs

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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…