Month: March 2024

Coinbase (COIN) Loses Most of Motion to Dismiss SEC Lawsuit

“When a customer purchases a token on Coinbase’s platform, she is not just purchasing a token, which in and of itself is valueless; rather, she is buying into the token’s digital ecosystem, the growth of which is necessarily tied to value of the token,” she said. “This is evidenced by, among others, the facts that (i) initial coin offerings are engineered to have resale value in the secondary markets and (ii) crypto-asset issuers continue to publicize their plans to expand and support the token’s blockchain long after its initial offering.”…

The Road To $100,000: Bitcoin Whale Accumulation Explodes

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Bitcoin reaching $100,000 remains a highly feasible target, especially given the fact that the price of the cryptocurrency hit a new all-time high above $73,00 ahead of the halving. In preparation of the explosive move that is expected to follow the halving, Bitcoin whales are going all out as they fill up their wallets with BTC. Large Bitcoin Whales Buy More BTC As the Bitcoin price has retraced from its surge, large Bitcoin whales are taking advantage of the dip to buy more coins at cheap prices. These whales, which…

Amid Giant Crypto Rally, Hopes for Another DeFi Summer Soar

Because the crypto industry remains relatively small, there’s simply not enough capital to lend to people who are bullish and, as a result, they don’t mind borrowing at high rates. While institutions are clearly interested in crypto, they are not actually filling gaps in market demand, Vogelsang pointed out. “A money market off-chain wouldn’t yield 12% just because there’s a lack of supply; someone would fill it. On-chain, that’s not the case,” he said. “It’s a sign of immaturity in that way.” Source

Socialfi Expands Satoshi Nakamoto’s Vision of a Defi System to Social Media, Says Kevin Lu

According to Kevin Lu, social finance, or “socialfi” — a combination of social media and decentralized finance — is an innovation that extends Satoshi Nakamoto’s vision of a decentralized financial system to social media. Although it’s not intended to replace today’s traditional social media platforms, socialfi addresses “significant value gaps in current consumer products,” said […] Source CryptoX Portal

Fetch.AI, AGIX, OCEAN Talk Merger, Surge Double Digits

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The three leading artificial intelligence blockchain projects —Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN)—are on the verge of a potential merger into a new token named Artificial Superintelligence (ASI), with the collective aim of establishing a decentralized AI behemoth. This initiative seeks to position them as formidable contenders against established tech giants such as OpenAI, Google, Microsoft, and Apple, by leveraging the intrinsic benefits of blockchain technology for AI development. Fetch.AI + AGIX + OCEAN = ASI This breaking news was positively received by the market. In the last…

Crypto Chip Company Katena Wins Lawsuit Filed by Bitcoin Miner Coinmint

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“We went through a full discovery process in which Katena produced everything according the panel’s orders, in which Coinmint avoided producing everything,” said Michael Gao, a founder and partner at Katena. “We both had the opportunity … to hire expert witnesses, obviously to defend our case. Cointmint did hire their own expert witness and they had the opportunity to review all of our technical plans, as well as anything in our due diligence report. So they had full access to basically all of the materials produced in discovery.” Original

Mining BTC Was More Profitable in February Than January: Jefferies

Bitcoin (BTC) mining was more profitable in February than in January as the price of the world’s largest cryptocurrency rose 15% while the network hashrate increased at a slower rate of 9%, investment bank Jefferies said in a research report on Monday. Publicly listed North American mining companies produced a smaller share of bitcoin compared with the previous month, slipping to 17.5% of the total network from 19%, as new hashrate came online from other sources, the report said. Hashrate refers to the total combined computational power that is being…