Day: November 26, 2023

Cosmos Hub greenlights ATOM inflation cut for security boost

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The governing body of Cosmos Hub has endorsed a proposal to decrease the maximum inflation rate of its native token, Cosmos (ATOM), from 14% to 10%. According to the proposal, the authorized modification would reduce ATOM’s annualized staking yield from around 19% to approximately 13.4%. The Cosmos Hub is the primary blockchain within the Cosmos network, a system of interlinked blockchains. The ATOM token is employed for staking, governance and transaction fees. The proposal narrowly passed, with 41.1% of votes for and 38.5% of votes against. It was expected to fail…

Bitcoin bulls hold firm into weekly close: BTC price eyes $39.3K

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Bitcoin (BTC) held near $38,000 into the Nov. 26 weekly close as traders boosted their BTC price optimism. BTC/USD 1-hour chart. Source: TradingView Bitcoin buyers give bears no room for maneuver Data from Cointelegraph Markets Pro and TradingView showed a typically flat weekend for Bitcoin, with classic volatility yet to hit as the weekly close approached. #Bitcoin Straightforward and slow weekend. Usually volume/volatility picks up a bit later today. https://t.co/joyKaqG68f pic.twitter.com/T9sXbJ2c6d — Daan Crypto Trades (@DaanCrypto) November 26, 2023 After setting new 18-month highs in recent days, some argued that…

Indexed Finance thwarts hijackers, set to compensate 2021 hack victims

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Indexed Finance, an Ethereum-based project that suffered a $16 million hack in 2021, has successfully thwarted two hijacking attempts. Control of the project’s decentralized autonomous organization (DAO) will be returned to its founders, who aim to allocate the remaining treasury to victims of the 2021 hack. In a thread on X (formerly Twitter), Laurence Day, a former core contributor, detailed the efforts of the Indexed community in overcoming two hijacking attempts on the remaining treasury of the Indexed DAO. Both attackers acquired significant amounts of the protocol’s NDX token and…

XRP price bull flag hints at 20% rally by New Year’s

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XRP (XRP) price may rally over 20% in the coming weeks thanks to a classic bullish continuation setup. XRP price enters bull flag breakout stage The so-called bull flag pattern develops when the price consolidates inside a parallel channel after a strong uptrend. It resolves after the price breaks above the upper trendline with convincing volumes and rises by as much as the previous uptrend’s height. As of Nov. 26, XRP was trading above its bull flag’s upper trendline, albeit accompanying weaker volumes. That technically indicates a weaker conviction among…

Apecoin Soars By 30% In 48 Hours, Signaling A Potential Bull Run

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In a month marked by heightened volatility, Apecoin (APE) has been a battleground for bulls striving to prevent a dip below the crucial $1 mark. This tug-of-war between bulls and potential downward pressure underscores the intense market dynamics surrounding Apecoin, leaving investors on the edge as they monitor the crypto’s price movements in this volatile November landscape. The latest data from the spot market reveals a resolute stance from bullish traders, as orders for more than 11 million APE tokens have beern strategically placed around the current price. APE has…

TRON targeting top 10 spot, could flip Dogecoin

TRON (TRX) has been volatile. As it eyes a spot in the top 10, a key question emerges: can it flip Dogecoin (DOGE)? Tron and Dogecoin: current market dynamics Tron trades at $0.103074, with a market capitalization of approximately $9.14 billion, 10th in rankings.  In contrast, Dogecoin, with its market cap of $11.75 billion and a trading price of $0.082837, sits a notch higher at ninth.  TRON’s ecosystem has seen growth due to recent developments.  The introduction of USDD, an algorithmic stablecoin, by the TRON DAO, supported by protocols such as SunSwap,…

California governor calls for statewide generative AI training

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California Governor Gavin Newsom has stressed the importance of people staying ahead of the curve in generative artificial intelligence (GenAI) by acquiring new skills and becoming acquainted with the emerging technology. As outlined in the report, there is a suggestion that residents of California should have access to educational and training opportunities in GenAI, noting: “To support California’s state government workforce and prepare for the next generation of skills needed to thrive in the GenAI economy, agencies will provide trainings for state government workers to use state-approved GenAI to achieve…

Crypto exchange Zipmex suspends trading activity in Thailand

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Cryptocurrency exchange Zipmex has announced it is taking immediate action by suspending all digital asset trading in Thailand as part of its efforts to comply with regulations. According to a statement issued on November 25, Zipmex has opted to temporarily halt its operations to align with regulatory requirements with the Securities and Exchange Commission (SEC) in Thailand: “To ensure that the business operations of Zipmex Company Limited (“Company”) are appropriate and compliant with the criteria set by the SEC Thailand, the company is required to temporarily suspend the trading and…