Month: September 2023

Breaking Down the Infamous Alameda Balance Sheet

Alameda had multiple ties to Bonfida, the project behind Solana’s version of ENS, the popular wallet naming service in the Ethereum ecosystem. It was the primary market-maker for Bonfida’s native token FIDA. It acquired millions of FIDA tokens by investing in that startup. Notably, Bonfida developers inherited development duties over the purportedly decentralized Serum crypto exchange, another FTX production. Source AlamedaBalanceBitcoinBREAKINGcryptoexchangeExchangesInfamousSheet CryptoX Portal

Bitcoin price prediction 2024: billionaires’ crystal ball revelations

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What do the billionaires and experts forecast for Bitcoin price in 2024 and beyond? Dive into the predictions that might shape the crypto space in the coming years. As we approach the much-anticipated Bitcoin (BTC) halving next year, a time when the crypto market tends to make its best impression of a roller coaster, some well-known figures are offering their insights on where the Bitcoin price may be headed in the coming years. These forecasts originate from individuals who appear confident in their ability to predict financial trends. Figures such…

Bearish Signal? Bitcoin Whale Wakes Up From 6-Year Slumber And Transfers $56 Million

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Movement of dormant Bitcoin addresses has been sporadic this year, with most causing a stir and rising interest amongst the Bitcoin community. In the latest record of whale transactions this year, on-chain data has shown that a set of dormant Bitcoin from 2017 has moved for the first time in six years.  Peckshield, a blockchain security and data analytics firm, revealed in a tweet that the previously inactive address, which held 2,100 BTC has just become active, with its assets now transferred to a different address.  Whale Wakes Up From…

DYdX Founder Antonio Juliano in Exclusive Interview Discusses Blockchain’s Migration to Cosmos

Juliano: I do strongly believe that layer 2s will get to a point where the sequencer is a network, rather than just a single operator. And that will make the sequencers much more decentralized, censorship-resistant. But the problem with having a single sequencer on layer 2’s right now is, the single sequencers are not censorship-resistant, right? It’s just like, literally a server, and the server can refuse to process your transactions if it wants to. Like, I’m not trying to pick on anyone, like literally all of them are like…

Walmart to Allow Customers Purchase Physical Items in Metaverse

Walmart has broadened the shopping experience for its customers in the metaverse as it merges purchases in the physical and virtual worlds. American multinational retail corporation Walmart Inc (NYSE: WMT) plans to expand its metaverse strategy by allowing its customers to buy physical versions of items available for virtual home purchases. Users can now purchase the items for their physical homes as they would for their virtual homes in House Flip, a game where players can renovate and sell virtual houses. In addition, customers can purchase virtual clothing in Zepeto, a mobile…

UK’s Online Safety Bill Passed to Ensure Safer Internet for Children 

The lawmakers explained that companies that fail to comply with the Online Safety Bill could face penalties of up to £18 million ($22.3 million) or 10% of their annual global turnover, providing a strong incentive for adherence to these safety standards. The UK’s Parliament has approved the long-awaited Online Safety Bill, marking a significant milestone in making the internet safer for everyone, especially children. The legislation, which has evolved significantly over the years, is set to hold major social media accountable for their content while promoting online safety. In an…

Bitcoin futures volume dopped 57% in September

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Bitcoin (BTC) futures trading volume dropped by more than half in September, led by Binance volumes falling. According to a Sept. 19 K33 Research report, Bitcoin spot futures trading volumes fell by 57% since the beginning of September — with Binance being a key driver with a 48% fall. Bitcoin spot volumes also fell by 8% over the last seven days due to the fall in trading activity in Binance, while combined volumes on other exchanges stayed at a relatively steady level. K33 Senior Analyst Vetle Lunde and Vice President…

Crypto accounts for 70% of South Korea’s overseas assets

The National Tax Service (NTS) of South Korea has revealed that 70% of the country’s overseas assets are in cryptocurrency. According to an official statement, the country holds $98 million worth of crypto abroad, as reported by nearly 1,400 individuals and corporations. The NTS said that out of the 186.4 trillion won ($140 million) in assets held by 5,419 entities in foreign financial accounts. The types of holdings included stocks, crypto, deposits, and savings. Of the reported funds, 130.8 trillion won ($98 million) were in crypto. South Korea’s crypto journey…

Ethereum Path To $1,700 – Predictions For The Week Ahead

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Ethereum (ETH) enthusiasts have found a glimmer of hope in the recent bullish reversal as the entire crypto market appears to be headed for recovery. The second-largest cryptocurrency by market capitalization experienced a significant upturn, clawing its way back from the $1,550 support level just last week.  At the time of writing, ETH is trading at $1,655 according to CoinGecko, showcasing a commendable 5% uptick. This surge has bolstered investor confidence, prompting them to set their sights on challenging the overhead resistance trendline. Battling The Resistance: A Critical Juncture The…

EasyTranslate boss on adapting to change – Cointelegraph Magazine

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The launch of generative AI products over the past nine months has the world talking about how it will change the future. Many are frightened. Others are excited about the opportunity. A report last month from Next Move Strategy Consulting predicts the AI industry will grow 20x in the next seven years, creating a $2 trillion business, up from its current value of $100 billion. It might sound like wild hype, but other analysts from McKinsey, Morgan Stanley and BlackRock all map out a similar trajectory. AI is here to…