Month: January 2024

Intents and solvers: AI’s next frontier in defi trading and portfolio management

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Of all the areas poised to be upended by the integration of AI into defi, “intents” and “solvers” are high on the list and could potentially reshape the financial landscape forever. At its core, an intent represents a market participant’s desired outcome translated into an actionable directive. Imagine seeking Bitcoin (BTC) at a pre-determined price—that’s an intent. Enter an AI-powered solver, a sophisticated algorithm wielding the power…

An enhanced marketplace for Decentralized Cloud Computing – Blockchain News, Opinion, TV and Jobs

Paris, France, January 26th, 2024, Chainwire Twentysix Cloud is an all-in-one, decentralized cloud marketplace, powered by aleph.im’s Decentralized Physical Infrastructure Network (DePIN). This launch marks a significant step in bridging decentralized cloud solutions with the growing demand for computing resources.  Aleph.im announces the launch of its innovative hub. Twentysix Cloud is a decentralized cloud marketplace offering a full range of blockchain-based storage, compute engine, indexing, and AI solutions for businesses and applications. By leveraging the aleph.im network, Twentysix Cloud ensures a secure, resilient, and transparent user experience. It sets a…

Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH

boss

Ethereum (ETH) is about witnessing a potential sell-off worth $1 billion. This significant transaction is rooted in actions by Celsius, a bankrupt crypto lender. Reports from on-chain analyst Lookonchain indicate that Celsius initiated the transfer of 459,561 ETH, estimated to be worth around $1.014 billion, to various exchanges. The breakdown of this large-scale distribution includes 297,454 ETH ($656.5 million) moved to Coinbase Prime, 146,507 ETH to Paxos Treasury, and smaller sums totaling 7,800 ETH ($17.2 million) sent to FalconX and Coinbase, respectively. Despite this transfer, Lookonchain disclosed that Celsius still…

XRP ETF speculation, analysts are upbeat on Dogecoin and Borroe Finance

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto community is confident that a spot XRP ETF will be approved someday. However, Ripple CEO Brad Garlinghouse has yet to confirm any plans for such a product. Still, he hopes that cryptocurrencies will become more popular and mainstream. Meanwhile, there’s growing interest in Dogecoin and Borroe Finance (ROE) as both digital assets show growth potential. XRP’s ETF speculation The recent approval of a spot Bitcoin ETF by…

Record-Breaking 164 Million Daily Transactions, Market Cap Reaches $2.9 Billion

boss

Hedera (HBAR), the open-source Proof-of-Stake (PoS) blockchain network, has made significant strides in the fourth quarter (Q4) of 2023, according to a recent report by Messari. The network’s performance showcased notable growth in key metrics, outpacing the crypto market. Hedera Outpaces Crypto Market With 78% QoQ Increase During Q4 2023, Hedera’s circulating market cap experienced a 78% quarter-over-quarter (QoQ) increase, reaching $2.9 billion. This growth surpassed the overall crypto market’s growth rate of 54%, signifying Hedera’s growing influence. The year-on-year (YoY) change for HBAR stood at 211%, reflecting the network’s progress…

Stacks and Chainlink bullish as Meme Moguls plans to take over tradfi

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Chainlink (LINK) shows hints of recovery, which might see the token rise to fresh highs. Similarly, Stacks (STX) is firm, adding 407.6% year-to-date with room for more gains in the future. Meanwhile, some traders are exploring Meme Moguls (MGLS), a new crypto, to diversify.  Chainlink price forecast Chainlink is bullish and way above its 200-day EMA.  LINK is up 120% in the past year, moving from $14.25 to $16.43…

Binance Smart Chain (BSC) Market Cap Hits New Milestone, Registering 48% QoQ Surge

boss

Binance Smart Chain (BSC) has demonstrated notable growth in key metrics during the fourth quarter (Q4) of 2023, as highlighted in a comprehensive report by Messari.  As the third-largest Layer-1 protocol by market capitalization, BSC experienced positive progress across its financial indicators, signaling a productive quarter for the blockchain ecosystem. Binance Smart Chain Record-Breaking Transactions The report reveals that BSC’s market capitalization witnessed a 48% quarter-over-quarter (QoQ) surge. This surge reflects renewed interest in BNB (Binance Coin), the native asset of BSC, following two consecutive quarters of decline. Moreover, BSC’s…

Analyst projects Ethereum potentially to $2k amid market consolidation

FxPro senior analyst Alex Kuptsikevicha projects Ethereum’s price could further dip towards $2,000, as the altcoin is down by over 8% weekly.  The crypto market is experiencing a period of subdued volatility, with the total market capitalization hovering around $1.6 trillion for the third consecutive day. Simultaneously, equity indices in the stock market have also significantly declined in the past 24 hours. However, the impact on cryptocurrency investors has been minimal. Kuptsikevich thinks that the fall in stock values is seen more as a result of individual corporate stories rather…

Expert Predicts Testing $20K Before Rebound

boss

Bitcoin, the largest cryptocurrency in the market, experienced a price recovery on Friday; however, industry experts anticipate a further test of sub-$30,000 levels in the near term.  The prolonged downtrend observed over the past fourteen days, coupled with mounting selling pressure, has raised concerns about the sustainability of the recent rebound. BTC’s Local Bottom Predicted Chris Burniske, co-founder of a New York-based venture crypto firm, highlights several factors contributing to the anticipated downward movement of Bitcoin.  Burniske suggests that the consolidation phase may extend longer than expected due to many…

Why SHIB Could Outperform Dogecoin Price in February 2024

Dogecoin and Shiba Inu have posted identical price performance in January, with the two largest memes coins shedding 17% as of Jan. 26. Positive speculations about a proposed XPayments platform were a major driver for both Shiba Inu (SHIB) & Dogecoin (DOGE) communities during the month, but as bearish headwinds swept across the broader crypto market, the mega-cap memecoins also succumbed to downward pressure.  Notably, Dogecoin miners’ recent trading activity could see DOGE prices fall behind SHIB in the weeks ahead.  DOGE and SHIB posted identical performance in January  With…