Day: September 5, 2023

XRP Records Highest Average Daily Trade Volume Among Altcoins In August

Prominent crypto research firm Kaiko reports that the XRP token recorded impressive trade volume strides across August 2023. This development comes amidst the token poor price performance in the said month.  XRP Dominates Altcoin Market In Trade Volume Amidst Price Downtrend According to the latest Data Debrief by Kaiko on September 4, the market research firm notes that XRP recorded an average daily trade volume of $462.8 million in August, representing the highest value of that metric in the altcoin market.  Solana (SOL) followed in second place, with a trade…

Genesis to Close Its US-Based Cryptocurrency Trading Desk

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Genesis Global Trading (GGT), which focuses on spot cryptocurrency trading in the United States, is set to cease its operations later this month, as indicated in an email sent to its clients on Tuesday. GGT plans to shut down its over-the-counter trading platform on September 18. All ongoing trades must be settled by September 21, and any remaining open accounts will be officially closed by the end of the day on September 30. The email communicated that this decision was made voluntarily and for business-related reasons, media reports said. It’s…

Computer science experts say US should create new fed agency for AI: Survey

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A plurality of experts believe the United States should create a new federal agency dedicated to artificial intelligence governance, according to a survey conducted by Axios, Generation Lab, and Syracuse University. The survey polled 215 computer science professors across 65 of the most prestigious universities in the U.S. on topics related to AI. we polled 213 computer science professors on A.I. w/ @axios + @SyracuseU pic.twitter.com/mEDFabWkZy — The Generation Lab (@Generation_Lab) September 5, 2023 According to the data, when asked “What is the best entity to regulate AI,” the majority…

Sorare Launches 3D Football Player Cards with Augmented Reality

With the introduction of the Sorare App’s AR functionality, fans can now take their virtual football experience beyond the screen and into their everyday lives. Web3 fantasy sports platform Sorare has announced the launch of its 3D digital football player cards with built-in Augmented Reality (AR) features. This bold move aims to revolutionize the way fans interact with their favorite football players and take fantasy sports to a whole new level. Sorare Unveils a New Era of Fantasy Sports Interaction To celebrate this groundbreaking development, Sorare is hosting its inaugural…

SoftBank’s Chipmaker Arm May See $52B Valuation in Upcoming US IPO

Only 9.5% of the Arm American Depository Shares would be available to the general public at the IPO, while SoftBank retains the rest. Chip design company Arm may be looking for up to $4.87 billion in funding at the conclusion of its upcoming initial public offering (IPO), which could put the company’s valuation at $52 billion. Arm has submitted an updated F-1 filing to the United States Securities and Exchange Commission (SEC) as it prepares for the IPO. Arm’s shares will float as American Depositary Shares (ADSs) since it meets the…

2023, 2024, 2025 and Beyond

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Solana is one of the fastest growing cryptocurrency platforms thanks to its high speed and low costs. Launched in 2020, its native SOL token has seen massive appreciation. Here we analyze Solana’s price outlook for the future using technical analysis to provide an evidence-based Solana price prediction guide. What is Solana (SOL)? Solana is a highly scalable decentralized blockchain created by Anatoly Yakovenko in 2017. It uses a unique proof-of-history consensus mechanism to achieve high transaction speeds and low fees while maintaining security. The native cryptocurrency of the Solana network…

Here’s What Will Happen If Bitcoin Can Break $33,700

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On-chain data suggests the $33,700 level could be a very significant level to break for Bitcoin if the historical pattern is anything to go by. Bitcoin 6 Months To 3 Years Old Investors Have $33,700 As Cost Basis In a new post on X, Ali, an analyst, has shared a chart that could shed light on the path that BTC may end up taking. The relevant indicator here is the “realized price,” which tells us about the price at which the average investor in the Bitcoin market acquired their coins.…

USD Coin officially expands to Base and Optimism networks

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Circle’s USD Coin (USDC) has launched natively on both Base and Optimism networks, allowing Circle account holders to send USDC stablecoin from their accounts to Base or Optimism. Coinbase has also made USDC transfers to Base available, according to a Sept. 5 social media post. Circle claimed that it is working with “ecosystem partners” to develop a system for users to swap old, bridged versions of USDC for the new, official versions. 1/ It’s here. #StableSeptember. The day you’ve all been waiting for – what comes first? How about two…

How Everyone Can Win From the Grayscale Bitcoin ETF Decision, Including the SEC

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Should the SEC wish to challenge the federal judge’s conclusions in the Grayscale decision, the company’s application could simply be denied again for a different (or even an analogous) reason. That course of action becomes problematic quickly. The last thing any lawyer wants to do is upset a federal judge. That is a terrible idea, if the aim to quash the U.S. spot bitcoin ETF market before it begins.  Original