Day: April 12, 2024

What will future Bitcoin halvings look like?

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Within the next decade, block rewards will only offer a tiny amount of Bitcoin. What does this mean for miners and the people who rely on this blockchain? Bitcoin halvings are as rare as World Cups and the Olympics. Why? Because they only happen every four years. In a world where it’s difficult to predict where BTC’s price will be from one day to the next, halvings offer some certainty over when new coins are going to hit the market. And given how 93% of Bitcoin’s supply has already entered…

Analyst Projects 400% Price Increase

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VeChain (VET), a blockchain platform aiming to revolutionize supply chain management, has become a hot topic in the cryptocurrency world. A recent surge in VET’s price, coupled with technical breakthroughs, has ignited a wave of optimism among investors and analysts. VeChain Shatters Resistance Levels, Bullish Flag Signals New Highs The good news for VeChain started with a decisive break above a multi-year downtrend line. This technical indicator, closely watched by analysts, suggests a potential shift in long-term market sentiment. Additionally, VET decisively surpassed a key horizontal resistance level, adding fuel…

Information Commissioner’s Office seeks views on accuracy of generative AI models

The Information Commissioner’s Office (ICO) has launched the latest instalment in its consultation series examining how data protection law applies to the development and use of generative AI. The third consultation in the series focuses on how data protection’s accuracy principle applies to the outputs of generative AI models, and the impact that accurate training data has on the output. Where people wrongly rely on generative AI models to provide factually accurate information about people, this can lead to misinformation, reputational damage and other harms. “In a world where misinformation…

A Fifth of Gen Z, Millennials Own Crypto; Over 60% Have Tried at Least One of Six Financial Hacks

Approximately a fifth of America’s Gen Z and Millennials own cryptocurrency but only 20% own real estate, the latest Policygenius 2024 Financial Planning Survey has found. The survey report asserts that Baby Boomers have “benefited greatly from housing wealth,” which now accounts for nearly half of their wealth. Boomers Least Interested in NFTs According to […] Source CryptoX Portal

Solana (SOL) Price Rally Over? What The Fundamentals Say

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Solana (SOL) has recently become a focal point of discussion among investors and analysts. After surging from below $22 to a high of $210 within six months, and currently trading at around $174—a nearly 700% increase—questions arise about the sustainability of its price rally. Despite the impressive surge, SOL remains 50% shy of its November 2021 all-time high of $260. The recent consolidation pattern over the past four weeks suggests a cooling off period. As the market looks forward, understanding the underlying fundamentals becomes crucial. Jamie Coutts, Chief Crypto Analyst…

Ether.Fi Inks $500M Restaking Deal With RedStone Oracles

Liquid restaking services funnel user deposits into EigenLayer and offer extra rewards on top, along with tradeable “liquid restaking tokens” that represent a user’s underlying investment. Ether.fi has $3.8 billion locked up with EigenLayer – assets that will eventually help power the pooled security system. In return for deposits, Ether.fi grants users a derivative token, Ether.Fi ETH (eETH), which earns interest and can be traded in decentralized finance (DeFi). Source

Hong Kong-Listed Bitcoin (BTC) ETFs Could Unlock Upto $25B in Demand as Yuan Falls, Matrixport Says

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Aptos partners with io.net as Cardano and NuggetRush set to surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Aptos teams up with io.net to broaden AI access, enhancing blockchain applications. Meanwhile, analysts foresee a parabolic surge for Cardano, with the gaming token NuggetRush also expected to reach impressive heights. In an exciting move to decentralize access to AI and machine learning capabilities, Aptos (APT) has entered a partnership with io.net. Meanwhile, Dan Gambardello has shared an optimistic prediction that could see Cardano soar to a new ATH,…

Memecoin BONK Trading Volume Plunges Over 70%

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Bucking the trend within the highly volatile memecoin sector, Bonk (BONK), a Solana-native meme token, has exhibited a bearish bias despite prevailing bullish sentiment across the broader memecoin market. Recent data from CoinMarketCap reveals a staggering 25% price decline for Bonk over the past month, a stark contrast to the general upward trajectory witnessed across the meme coin landscape during the same period. At the time of writing, BONK was trading at $0.00002166, down 1.93% and 1.40% in the daily and weekly timeframes, data from CMC shows. Traders Grapple With…