Day: September 13, 2023

Price Cuts at Blockchain Platform Alchemy Reveal Persistence of Crypto Winter

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Ethereum Set For Spring Highs After Correction: Top Analyst

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Ethereum (ETH)  is facing a challenging period as crypto trader Bluntz predicts further bearish trends before a potential reversal. This uncertainty in Ethereum’s price has sparked discussions in the crypto community, especially in light of recent whale activity. Crypto analyst Bluntz, known for his insightful market predictions, has raised concerns about Ethereum’s short-term performance. He applies the Elliott Wave theory, a complex technical analysis method, to understand market sentiment and predict future price movements.  The theory suggests that market trends follow a wave-like pattern, reflecting the ebb and flow of…

Huobi’s new name HTX raises community eyebrows

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Cryptocurrency exchange Huobi is celebrating its 10th anniversary with a controversial marketing move — the firm is rebranding from “Huobi” to “HTX,” echoing the name of the bankrupt exchange FTX. Huobi officially announced its rebranding on Sept. 13, renaming the company to the new global brand, HTX. The new naming stands for the first letters of Huobi, Justin Sun’s blockchain project Tron and “X,” which symbolizes the exchange. Another interpretation of the HTX name may also include “HT,” which stands for Huobi’s native token Huobi (HT). X may be interpreted as…

Are DAOs overhyped and unworkable? Lessons from the front lines – Cointelegraph Magazine

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Ask 10 different people to define a decentralized autonomous organization (DAO), and you’ll likely get 10 different definitions. But there is at least one thing most agree on: DAO governance is a mess. At best, it’s an experiment in the works. According to DeepDAO, DAOs today handle a whopping $17.2 billion in value. Yet many DAOs managing millions of dollars have proven hopeless at heeding even the most basic of lessons in business management 101. One does not have to look too far in the annals of crypto history to…

BNB Smart Chain Optimism-powered layer-2 opBNB hits mainnet

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The BNB Chain blockchain ecosystem is set to tap into Optimism’s rollup technology, powering its newly launched opBNB layer-2 scaling platform. BNB Chain announced the public mainnet launch of its Ethereum Virtual Machine (EVM)-compatible L2, which delivers lower gas fees and faster transactions to decentralized applications running within the ecosystem. The opBNB platform reportedly handled over 35 million on-chain transactions and saw more than 150 decentralized applications (DApps) deployed on its testnet. BNB Smart Chain also claims that the platform achieved a peak of 4,000 transactions per second during a…

BNB Chain Optimism-powered layer-2 opBNB hits mainnet

The BNB Chain blockchain ecosystem is set to tap into Optimism’s rollup technology powering its newly launched opBNB layer 2 scaling platform. BNB Chain announced the public mainnet launch of its Ethereum Virtual Machine (EVM) compatible L2, which delivers lower gas fees and faster transactions to decentralized applications running within the ecosystem. The opBNB platform reportedly handled over 35 million on-chain transactions and saw more than 150 DApps deployed on its testnet. BNB Chain also claim that the platform achieved a peak of 4,000 transactions per second during a stress…

Here’s What Crypto Investors Should Know

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SEC Chairman Gary Gensler is on the hot seat as the Senate Banking Committee demands answers and clarity on a range of topics including the commission’s ongoing investigations in the crypto space and Gensler’s belief that cryptocurrencies should be regulated under the securities law.  Senate Banking Committee Grills Gensler Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC) was cross-examined by the Senate Banking Committee on Tuesday, September 12. The committee probed the SEC boss for clarification on the commission’s complex rules changes and the ability of…

CPI Inflation Jumped to 3.7% in August, Bitcoin Price (BTC) Flat

Surging oil prices – WTI crude oil rose to its highest levels of 2023 in August (the move continuing into September) – were a major factor in the rise of headline inflation last month. The U.S. Federal Reserve, though, will likely take comfort in the continuing decline in core inflation, which fell to its weakest pace since mid-2021. Source AugustBitcoinBTCCPIFlatInflationJumpedPrice CryptoX Portal

Former social services council employee fined for unlawfully accessing sensitive personal data

“People have the absolute right to expect that their sensitive personal information will be treated with the utmost privacy and in accordance with data protection laws. For some reason, this individual chose to flout those laws and spend time snooping at people’s sensitive personal information. “Not respecting people’s legal right to privacy can have serious consequences, as this case shows. It results in a criminal conviction, which may lead to loss of employment and severe damage to future career prospects, alongside the accompanying financial penalties. “Our successful prosecution of this…

Crypto Shows Signs of Stability Ahead of US CPI Data Release

While Bitcoin maintains its stability amid inflationary concerns and economic data releases, other cryptocurrencies face a different fate. In recent months, the world has witnessed a significant degree of financial turbulence as it relates to dwindling crypto prices and concerning Consumer Price Index (CPI) data. One key aspect of this turbulence has been the seesawing prices of cryptocurrencies, a phenomenon that has left many investors and analysts speculating about the future of digital assets. However, despite the volatility in the crypto market, these digital assets have shown remarkable stability, even…