Month: September 2023

LINK Notches 6% In One Day As Market Rebounds, What’s Next?

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Oracle service provider Chainlink native token LINK has surged today as the crypto market records a significant uptick. The cryptocurrency is up by 9.02%, trading at $6.80 with a trading volume of $198 million, representing an over 179% increase in the last 24 hours. One of the factors likely to affect LINK’s price growth in the coming days is the massive movement of tokens from the network’s wallet to exchanges. On September 16, four wallets associated with Chainlink transferred 18.75 million LINK tokens across various platforms, amounting to $119 million.  These…

Friend.tech Drives Up Coinbase’s Base Blockchain Activity

Coinbase’s layer 2 blockchain, Base, which launched in early August, has seen its daily transactions hit an all-time high, according to data from IntoTheBlock. Base saw 1.88 million transactions on Thursday, higher than layer 2 rivals Arbitrum and Optimism combined, which saw 780,000 and 370,000, respectively. “Interestingly, it is not decentralized finance (DeFi) applications nor non-fungible token (NFT) marketplaces driving the surge in Base’s activity. Instead, a significant portion of usage can be attributed to a new social application, FriendTech,” said Lucas Outumuro, head of research at IntoTheBlock. Decentralized social…

Apple Inc’s Vision Pro Forecasted to Lead 2024 Product Lineup

Beyond hardware and the focus on Vision Pro, Apple is making significant strides in the world of Artificial Intelligence. The year 2024 is already shaping up to be an exciting one for enthusiasts of Apple Inc (NASDAQ: AAPL), with the tech giant said to be working on a host of major product launches beyond Vision Pro. At the forefront of Apple’s 2024 lineup is the highly anticipated Apple Vision Pro. As Bloomberg’s Mark Gurman suggests in a recent report, this release is not only about the product itself but also…

Ethereum Holesky Testnet Already Seeing Issues, What’s Wrong This Time?

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In a rare lapse in technological expertise, the recently unveiled Ethereum testnet, Holesky, failed to launch after developers discovered flaws in the testnet’s design.  Ethereum Holesky Testnet Riddled With Misconfigurations The crypto community and Ethereum enthusiasts are presently waiting for the return of Ethereum’s Holesky testnet which was scheduled to launch on Friday, September 15.  The Holesky testnet which was created to replace Ethereum’s Goerli testnet after its deprecation in 2024 encountered an unexpected technical hiccup on the day of its release. The release date marked a significant date in…

Hong Kong Influencer Arrested Over JPEX Links, Exchange Shuts Down

JPEX attributed its liquidity difficulties to regulatory constraints and external market makers, leading to increased withdrawal fees and the suspension of specific services. According to various local media reports, Joseph Lam (Lin Zuo), a former lawyer and cryptocurrency influencer, has been arrested by Hong Kong authorities in connection with the JPEX crypto exchange. Crypto Influencer and His Ties with JPEX The arrest took place today, with law enforcement officers also conducting a raid on Lam’s office in the city around 11 a.m. local time. During the operation, the officers reportedly…

Turkish President Invites Elon Musk to Build Tesla Factory in Turkey

In response to Erdogan’s proposition, Musk conveyed his enthusiasm for the Turkish market. Turkish President Recep Tayyip Erdogan has extended an invitation to Elon Musk, the CEO of Tesla and SpaceX, urging him to consider establishing Tesla’s next factory in Turkey. The enticing offer was made during their meeting in New York, where Erdogan attended the United Nations General Assembly. The meeting between Erdogan and Musk took place at the iconic Turkish House in Manhattan, and it revolved around the prospects of Tesla‘s expansion into Turkey. Erdogan Courts Musk for…

Crypto Whale Withdraws $116,000,000 Worth of One Altcoin That’s Up 222% in Past Month From Exchanges: Report

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A wealthy altcoin holder just withdrew nine figures worth of an Ethereum (ETH)-based crypto asset from exchanges right after parabolic rallies. First spotted by crypto reporter Colin Wu, a whale that controls 21% of the supply of Tellor Tributes withdrew roughly $116 million worth of TRB tokens from exchanges. “A whale (3 associated addresses) has withdrawn a total of 872,600 TRB (currently worth $116 million) from exchanges since August 30, accounting for 34.5% of the circulating [supply]. On September 4th, 9th, and 15th, three TRB transfers of 100,000 were conducted…

Bosch, EU and blockchain companies to build decentralized IoT: IAA Mobility

The engineering and technology company Bosch is at the head of a forthcoming, blockchain-based digital mobility project with backing from the German government, which was demoed live at IAA Mobility 2023 in Munich, Germany.  At the event, Bosch, alongside its collaborators MOBIX and the Peaq blockchain, revealed a peer-to-peer parking and charging scheme utilizing moveIDs on the Peaq ecosystem. MoveIDs act as self-sovereign identities (SSIs), built on the blockchain permitting autonomous transactions between vehicles and connected infrastructure. The demonstration at IAA Mobility highlighted autonomous transactions between connected devices – in…

Bitcoin holds above $26k amid uncertain market conditions 

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The Bitcoin (BTC) price gained traction on Sept. 12 after deep diving around the $25,000 mark. On-chain metrics indicate notable hikes for the flagship cryptocurrency amid unreliable market conditions.  Bitcoin is up by 1.17% in the past 24 hours and is trading at $26,875 at the time of writing. The asset’s market cap has reached $524 billion for the first time since Aug. 30. Its 24-hour trading volume has surpassed the $8.6 billion mark. BTC price, whale activity, supply on exchanges and velocity – Sept. 18 | Source: Santiment According…