Day: September 21, 2023

Ex-Alameda Employee Claims Firm Triggered 87% Bitcoin Price Plummet In 2021

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In a recent disclosure, a former employee of Alameda Research, a trading firm led by Sam Bankman-Fried, has unveiled crucial information regarding the dramatic 87% plummet in Bitcoin (BTC) value during 2021.  The incident, which occurred on October 21, 2021, witnessed BTC’s price on Binance.US nosedive from approximately $65,760 to $8,200 within a short period. Insider Details Of Bitcoin Plunge And Alleged Manual Trading Error The ex-employee, Baradwaj, alleged that the trading firm was directly responsible for the sudden price drop, attributing it to a “manual trading error” rather than…

Microsoft unveils AI-powered Copilot for Windows 11

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Microsoft has taken another step towards integrating artificial intelligence (AI) technology into its products. The company announced on Sept. 21 Microsoft Copilot that merges interfaces on Windows with language models.  According to Microsoft’s announcement, the solution will work as an app or reveal itself to users by right-clicking. It will be available as enhancements on popular apps like Paint, Photos and Clipchamp. Across other products, search engine Bing will be supported by OpenAI’s new DALL-E 3 model, while Microsoft 365 Copilot will integrate a chat assistant for enterprise solutions. “We…

Sky-high interest rates are exactly what the crypto market needs

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The United States Federal Reserve Open Market Committee’s September decision on interest rates was entirely expected, with the FOMC holding rates at the current level of 5.25% to 5.5%. As also expected, the committee indicated there may be another rate hike coming this year, with Chairman Jerome Powell insisting — as usual — in his Sept. 20 press conference that the job of getting inflation back to the Fed’s 2% target is in “no way done.” What was more of a surprise, however, is the fact that the Fed raised…

NFTs Aren’t Dead Just Yet (But the MSM Might Be)

To be sure, there is plenty of meat here and the headline isn’t completely wrong, at least judged by the loose standards of headline writers. It’s sort of true that most NFTs are, indeed, worthless. The study found that, out of a sample of 73,257 NFT collections, 69,795 have a market cap of zero ETH. That’s 95% of the total, which is almost “all” of them. The study says that 23 million people now hold NFTs with no value, which is certainly tough for those investors. Source

Bloomberg Analyst Lauds Bitcoin Energy Shift Amid Rising Hashrate

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The Bitcoin mining industry has risen steadily in the past few years thanks to the widespread adoption and increasing interest in the Bitcoin blockchain. This growth has led to a vast increase in Bitcoin’s hash rate, causing concerns regarding the carbon footprint left behind by mining activities. A recent Bloomberg study has shown, however, that the carbon footprint left behind by the Bitcoin blockchain has stalled in recent years.  Bitcoin Unlikely To Burn The Oceans It’s no news that Bitcoin mining is now a big industry on its own, with…

Uniswap launches educational platform with DoDAO

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On September 21, decentralized exchange (DEX) Uniswap launched an educational platform in conjunction with the blockchain education-focused Do Decentralized Autonomous Organization (DAO). According to the announcement, Uniswap University aims to create a structured learning pathway for onboarding users to its V3 exchange via courses, simulation, and quick guides. Via the platform, users can gain knowledge on topics ranging from “What is a DEX?” to advanced topics such as “Strategy Backtesting Tools.” Meanwhile, simulations such as adding/removing liquidity and exploring advanced position management tools allow users to gain quick practical experience.…

Crypto Trading Titans Are Yelling at Each Other on Elon Musk’s X

It’s all just words, of course, but the public quarrel is a reminder of DWF’s sudden emergence earlier this year. The company quickly and loudly popped up as a backer of startups. But there was soon debate around whether it was really engaging in venture capital investing, as some thought, or something less long-term: acting like an over-the-counter trading desk, approaching projects with the offer of buying up its tokens, then trying to sell them for a profit. Source

Ex-Sen. Toomey Who Once Shepherded Crypto Legislation Sees No Path in Current Congress

Though the digital assets industry is desperate for regulatory clarity in the U.S., and is fighting legal skirmishes with the Securities and Exchange Commission (SEC) while it waits for answers, the long-awaited congressional solution isn’t coming any time soon, Toomey predicted at a Georgetown Law seminar Thursday on national security and digital assets. And the fact that the House Financial Services Committee has cleared multiple crypto bills for floor votes probably won’t make a difference, he said, even if they’re approved by the overall House. Source BitcoinCongressCryptocryptoexchangecurrentExchangesExSenLegislationpathSeesShepherdedToomey CryptoX Portal

Pancakeswap integrates Transak for fiat onboarding on multiple chains

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Decentralized exchange Pancakeswap now offers Transak as a provider in its “buy crypto” tab, giving Pancakeswap users an additional option when shopping for crypto, according to an announcement on September 21. Mercuryo and Moonpay were previously providers for this feature, making Transak the third provider to be added. Caption: Pancakeswap buy crypto tab. Source: Pancakeswap Pancakeswap is a multichain decentralized crypto exchange (DEX). It’s available on 8 different blockchain networks, including BNB Chain, Ethereum, Base, Polygon zkEVM, and others. It has over $1.3 billion worth of crypto locked in its…