Month: September 2023

Aussie fintech prays for crypto clarity as it launches Bitcoin-backed loans

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Australian fintech firm Block Earner is charging ahead with plans to launch a crypto-backed loans product, despite staring down an upcoming court date with the financial regulator for allegedly offering financial products without a license.  The new crypto loan product allows Australian crypto investors to use crypto as collateral to borrow cash. Similarly, a Colorado-based lending platform called SALT offers crypto-backed loans to U.S. clients. The major cryptocurrency exchange Coinbase once offered a similar service to its U.S. customers but shuttered it in May this year.  The initial rollout from…

Top 5 AI projects and Telegram bots

Artificial intelligence (AI) has caused significant changes in various industries, leading to a surge in AI projects and Telegram bots. Many of them incorporate the blockchain to address practical issues and, in some cases, create fresh opportunities for users. This article will explore the top 5 AI projects and Telegram bots. 1. DeepFakeAI (FakeAI) The DeepFakeAi project combines the blockchain, AI, and Telegram community building for users to create deep fakes with little technical knowledge. It relies on an AI algorithm that creates realistic deepfake characters with realistic voice modulations, synchronized lip-syncs,…

TRX Regains Strength As The Bulls Aim $0.10

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Tron price is gaining pace above $0.0780 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0800 resistance. Tron is moving higher above the $0.0750 pivot level against the US dollar. The price is trading above $0.078 and the 100 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $0.0770 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.088 or even $0.10. Tron Price Breaks…

Ethereum Price is Showing Early Signs of Fresh Rally But $1,670 is the Key

Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH could gain bullish momentum if it clears $1,650 and $1,670 in the near term. Ethereum is slowly moving higher above the $1,620 support zone. The price is trading above $1,640 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,625 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $1,650 and $1,670 resistance…

Blockchain firm files notice of appeal against SEC

Blockchain-based file-sharing and payment network LBRY may be reversing course on an earlier decision to wind down, filing a notice of appeal against a federal judge ruling in July that sided with the Securities and Exchange Commission. On Sept. 7, LBRY filed a notice of appeal to the United States Court of Appeals for the First Circuit, seeking to appeal the final judgment entered on July 11, 2023, where LBRY was ordered to pay a civil penalty and barred from participating in unregistered offerings of crypto asset securities in the…

Crypto whale losses over $24m in phishing scam

After interacting with a malicious link set up by phishing scammers, a crypto whale lost millions in liquid staking derivatives Rocket Pool Ethereum (rETH) and Lido staked Ethereum (stETH). Scammers drained millions in Ethereum (ETH) derivatives from a wallet holder in what blockchain analytics provider Peckshield called a phishing attack. Total losses from the attack are estimated at $24 million in crypto. The crypto whale, a term designated to on-chain addresses with substantial crypto balances, lost 4,851 in Rocket Pool ETH (rETH) worth $8.5 million and 9,579 Lido staked ETH…

Synthetix DEX launch to join efforts reducing the ‘serious friction’ in DeFi

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Decentralized derivatives protocol Synthetix is the latest project aiming to close the usability gap between centralized and decentralized exchanges — with a Q4 slated launch of the Synthetix V3 protocol and its decentralized exchange front-end, called Infinex. Speaking to Cointelegraph, Synthetix founder Kain Warwick said the Q4 slated launch of Infinex — a decentralized perpetual futures exchange front-end which enables trades on Optimism (OP) — as the “missing component” that could bring more users to DeFi. We are entering DeFi’s greatest chance to take on centralised finance. Let’s start talking…

Brinc joins forces with Cointelegraph Accelerator

Web3 startups often face challenges unique to the nascent ecosystem — complex regulatory landscapes and scaling with decentralization are just two of many. Venture capital flowing into Web3 startups experienced a big drop over the last year, and new projects need more help than ever to carry their work throughout the early phases. This is where Web3-focused accelerators can step in. Programs designed by industry leaders act as pathfinders to guide promising projects and startups through the uncharted horizons of Web3. Tailored to the specific needs of Web3 ventures, accelerator…

Coinbase signals EU, Canada, Brazil, Singapore and Australia as priorities

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Coinbase has flagged several countries outside the United States where it intends to focus its operations in the near term, citing their comparatively clearer crypto laws. In a Sep. 6 blog post, Coinbase’s international business VP, Nana Murugesan and international policy VP, Tom Duff Gordon, marked the European Union, United Kingdom, Canada, Brazil, Singapore and Australia as “near-term priority markets.” The pair said the countries are “enacting clear rules” and Coinbase would focus on “acquiring licenses, registering, and establishing and strengthening operations” in them. Globally, countries are vying to become…

Bitcoin Drop Before Halving Expected, Will It Get Worse In September?

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Benjamin Cowen, an analyst and founder of Into The Cryptoverse, thinks Bitcoin will likely maintain a downside trajectory in September ahead of next year’s halving. Pointing to the coin’s performance and comparing it to how Bitcoin has faired over the years, the analyst predicts doom for the world’s most valuable cryptocurrency. Bitcoin is trading at around $25,860 and has remained under pressure in the past few weeks after surging almost 60% from November 2022 lows, when the drop was accelerated by the collapse of FTX and the bankruptcy of several…