Month: September 2023

Bitcoin Weekly TD Sequential Buy Setup Appears, But Warns Of Potential Risk

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Bitcoin price keeps falling, now pushing down against support at $25,000 per coin. The recent sweep of lows has resulted in a perfected TD9 buy setup according to the weekly TD Sequential indicator. Although this sounds positive for crypto, if the signal fails, there is risk of an extreme drop ahead. Here is a closer look at why. Is The TD Sequential Telling Us To Buy The Dip In Bitcoin? Things are improving for Bitcoin price action, but the situation surrounding altcoins and the increasingly negative macro environment has kept…

Terra Classic Game-Changing Proposal: What’s In Store For LUNC’s Future?

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Terra Classic (LUNC) has taken a decisive action in a bid to tackle the rising tide of spam proposals flooding its blockchain. The project recently submitted a groundbreaking proposal aimed at altering some fundamental aspects of its ecosystem to mitigate the incessant spam proposals that have been plaguing it. The Terra Classic community hopes that this move will help restore order and efficiency to its blockchain. One of the most significant changes proposed is the substantial increase in the minimum deposit required for submitting proposals. In response to the dwindling…

Bitcoin BTC Price Drops to $25K as Solana SOL, Ripple XRP, Arbitrum ARB Lead Crypto Losses

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Crypto markets tumbled Monday as traders got spooked by the potential selling pressure from bankrupt exchange FTX. Bitcoin (BTC) fell more than 2% and briefly dipped to as low as $24,963 during U.S. morning hours, its first time below the $25,000 level since mid-June. It has pared some of those losses since, now trading at around $25,140, 2.6% lower in the last 24 hours. Original

ZachXBT accuses four crypto influencers of market manipulation

Blockchain analyst ZachXBT accused crypto influencers TraderSZ, Trader_XO, TraderNJ1, and PetaByte of scamming. Expert claims that they fraudulently obtained tokens, inflated their price, and sold them. His investigation consists of two parts. In the first one he covers the actions of TraderNJ1 and PetaByte who used other people’s names to obtain (CompanionBot) CBOT and (Baby Shiba Inu) BABYSHIB tokens. These coins were allocated 8% and 3.5% of the supply, respectively. Both influencers claimed that these tokens would increase in value by 10-20x. After the asset price soared, traders drained their share,…

FTX has $222M in Bahamas real estate, 1,300 tokens: shareholder presentation

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FTX has released its presentation materials for the shareholder meeting taking place Sept. 11-12. The unrestricted portion provides a clear overview of the company’s current state and its slow march toward settlement.  The shareholders will begin their day with an account of the claims against the cryptocurrency exchange. Over 2,300 non-customer claims have been filed against it, including those from Genesis, Celsius and Voyager. The claims are worth $65 billion, although those from FTX Digital Markets are “assumed to be invalid/redundant” and the Internal Revenue Service’s claim – the largest…

Google launches Digital Futures Project with $20M in grants to support ‘responsible AI’

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Google and its charitable arm, Google.org, launched the Digital Futures Project, an initiative to study responsible artificial intelligence (AI) technologies, on Sept. 11.  The Mountain View company will invest a total of $20 million in grants to leading think tanks and academic institutions around the world with the expressed aim “to facilitate dialogue and inquiry” into AI technologies. According to a blog post, Google wishes to address issues of fairness, bias, misinformation, security and the future of work through deep collaboration with outside organizations and a commitment to facilitating responsible…

Addresses Saw 2nd-Highest Rise In History This Weekend

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On-chain data shows the Bitcoin network saw new addresses crop up at the second-highest rate in history during the past weekend. Bitcoin New Addresses Metric Shot Up During This Past Weekend According to data from the market intelligence platform IntoTheBlock, BTC has just observed its highest number of new addresses since 2017. The relevant metric here is the “new addresses,” which simply keeps track of the total number of new addresses appearing on the Bitcoin network every day. Generally, new users coming into the network aren’t the only ones generating…

The G20’s Crypto Hand-Wringing Is Not Significant

So, let’s assume that we get some firm statements from the group in support of the Financial Stability Board’s (FSB’s) latest policy recommendations, published in July. That’s very likely, since the recommendations don’t actually say anything interesting. There’s a smattering of “authorities should have the appropriate powers,” apply regulation, cooperate with each other and require crypto asset service providers to manage their risk carefully, and not much else. I mean, all that sounds fair, but to this interested observer, there seems to be a lot of noise about nothing. Source

Remember That Guy That Lost A Flashdrive With 8,000 BTC? Here’s What He’s Up To Now

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James Howells, a Welsh Bitcoin investor and the man who inadvertently lost $557 million worth of BTC in a flash drive is seeking to file a lawsuit against Newport City Council (NCC) in the United Kingdom for refusing his requests to excavate the area he presumed he misplaced the hard drive.  Howells Threatens Legal Action Against NCC After 10 years of searching for the elusive flash drive carrying a fortune of 8,000 BTC, Howells has taken an aggressive approach to his hunt and threatened the NCC with proper legal action…

AI Is Killing Crypto Venture Capital Interest

Unlike mainstream AI which isn’t even a year old, crypto has been present for more than a decade. Thanks to the cyclical movement of the crypto economy, we can confidently predict more innovation and investor interest as the bear market ends. Lower interest rates, globalized crypto regulation, Bitcoin ETF approvals, and more TradFi involvement in crypto could all reignite VC flows. Source