Day: September 2, 2023

Bitcoin Whales Load Up With $1.5 Billion Worth Of BTC

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Bitcoin whales, entities holding a substantial portion of the Bitcoin supply, have ignited speculation within the cryptocurrency realm by amassing more than a billion worth of BTC in mere two weeks. Data from crypto analytics firm IntoTheBlock reveals a significant uptick in the accumulation of Bitcoin by addresses holding at least 0.1% of the total BTC supply, valued at over $500 million each. These entities collectively added a staggering $1.5 billion to their holdings during the final two weeks of August.  This surge in accumulation coincides with the excitement surrounding…

Toncoin (TON) Continues To Ride Bullish Wave, Eyes To Reclaim $2 Level

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Over the past 24 hours, the majority of the crypto market has been moving slowly, with the premier cryptocurrency Bitcoin falling below the $26,000 mark again. Toncoin, on the other hand, continues to defy the current market conditions, registering a significant price climb in the past day. The TON price experienced a substantial increase on the first day of September, which is consistent with its overall trend in August. TON Soars By 11% In A Single Day Toncoin currently leads the altcoin market as one of the top gainers following…

Shiba Inu Faces Potential 12% Crash As Bearish Pattern Emerges

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Shiba Inu (SHIB) has recently found itself in a downward spiral. Over the past few days, the coin has been experiencing a steady decline, causing concern among its enthusiastic community of holders. The latest development indicates a potentially worrisome trend as sellers breach the lower support trendline of a bearish pennant pattern, hinting at further price drops on the horizon. The bearish pennant pattern is a technical analysis chart pattern commonly used in cryptocurrency markets. It is characterized by a consolidation phase after a sharp price decline, resembling a small…

With web3, the sports industry would never be the same

Blockchain technology dramatically revolutionizes the sports industry: from merchandising and ticketing to fans communities and systems of governance and ownership. 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 arrival of web3 technology can revolutionize many industries, from fashion to art, music, and more. There’s no denying that web3 has the potential to change the sports industry for the better. Web3 can take the sports industry to the next level by allowing for increased ownership,…

Polygon (MATIC) Drops Below Crucial Level

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Polygon (MATIC), one of the prominent players in the cryptocurrency market, has faced a turbulent period as it lost its grip on the $0.60 mark, leaving investors and traders on edge.  As of the latest data available, MATIC was trading at $0.540840 on CoinGecko, reflecting a 1.4% slip in the past 24 hours and a 0.6% decline over the last seven days. This dip in price has sparked discussions about the coin’s immediate future. The cryptocurrency market has been characterized by considerable uncertainty, with Bitcoin (BTC), the bellwether of the…

How Web3 can prevent Hollywood strikes

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Streaming video is one of the fastest-growing markets in the world, with the OTT video industry alone projected to reach $200 billion in 2023. Short for “over-the-top” video, the OTT video ecosystem includes on-demand video as well as ad-supported video content, and it is mainly driven by the growth of established Web2 streaming platforms, including Netflix, Hulu and Disney+. The streaming video market is expected to grow at 14.3% CAGR. Source: Replay While the reports project an $300 billion revenue for the streaming video business by 2027, the lopsided revenue-sharing…

Whale Alert sparks speculation as XRP transfers surge

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A recent substantial purchase of Ripple’s XRP (XRP) token has been detected by the crypto tracking platform Whale Alert. Whale Alert reported a transfer of 66,666,659 XRP, worth approximately $33,065,809, from Binance to an undisclosed wallet. The move has sparked speculation about its potential price impact. In the XRP ecosystem, there have been recent transfers of substantial amounts of XRP into secure escrow accounts by Ripple. Notably, 300,000,000 XRP, worth roughly $146,927,854, and an additional 500,000,000 XRP, worth roughly $244,748,526, have been placed in escrow. 66,666,659 #XRP (33,065,809 USD) transferred from #Binance…

Polygon releases update, MATIC unmoved as investors explore alternatives

Polygon’s recent Dragon Fruit update has not impacted MATIC prices as developers might have expected. MATIC is Polygon’s native utility token. Amid this, Ethereum-based blockchain projects like InQubeta are actively being explored. InQubeta takes on the inefficiency and inaccessibility of traditional investment avenues by creating a secure and transparent alternative. It aims to open up investments in artificial intelligence (AI), facilitating the industry’s growth while looking to provide investment opportunities for users. In the present system, numerous mainstream investment options employ discriminatory practices that restrict access to their services, primarily benefiting only…

Shiba Inu Marketing Lead Sends Key Message To SHIB Holders

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Shiba Inu (SHIB) is expected to play a significant role in the success of the layer-2 network Shibarium and the proposed decentralized Shiba Inu State. With this in mind, Shiba Inu’s marketing lead, Lucie, shared a quote from the recently published ShibPaper highlighting the token’s importance in the ecosystem and the roles holders will play. SHIB Remains The Core In a tweet, Lucie shared the second chapter of the whitepaper, where SHIB is mentioned as the “core” of the ecosystem. The document also labels the token as “one of the…

UK MPs call for global alliance to tackle AI misuse

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A group of influential members of parliament (MPs) in the United Kingdom have advised the government to collaborate with democratic allies to address the potential misuse of artificial intelligence (AI), emphasizing London’s aim to be a key player in advancing the emerging technology. The Science, Innovation and Technology Committee (SITC), an advisory body to the government, recommends in a report published on Thursday, Aug. 31, that Britain align with similar nations sharing democratic values. This collaboration aims to collectively safeguard against actors, whether state-affiliated or not, who seek to misuse…