Day: July 11, 2024

DePIN Doesn’t Need New Infrastructure

Decentralized Physical Infrastructure Networks, or DePINs, are blockchain-based data management systems that are alternatives to the existing architecture. Despite their differences, they still provide comparable results for essential services like computing power and real-world information. This is possible because DePIN networks use incentivization, in the form of cryptocurrency compensation, to enable crowd-sourced infrastructure that is as, or more effective, than their legacy counterparts. Source

U.S. House Fails to Override Biden’s SEC Veto of Bill That Would End Controversial SEC Guidance

The debate over this policy nearly became moot this week, according to Rep. Maxine Waters (D-Calif.), who said the SEC has been negotiating with banking industry representatives about “targeted modifications” to the policy and “may be close to reaching an agreement.” But she noted that “Republicans are pushing ahead anyway with this blunt and overly broad approach” that she said would undermine the regulator. “There is bipartisan agreement in both chambers of Congress that SAB 121 is nothing more than a punitive, anti-digital asset tool deployed by the SEC,” countered…

Bitcoin Falls Out Of Step With US Equities, What This Could Mean For The Crypto Market

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Recent data shows that Bitcoin has completely detached from US stocks. This is significant considering how the flagship crypto and these stocks had a positive correlation before now, which undoubtedly positively impacted Bitcoin and the broader crypto market. Bitcoin Has No Correlation With US Stocks Data from the market intelligence platform IntoTheBlock shows that Bitcoin’s correlation with the Nasdaq 100 and S&P 500 has dropped to -0.78 and -0.83, respectively. This means that Bitcoin and these assets have a strong negative correlation, with their prices tending to move in opposite…

Is This the Next Meme Coin to Explode? Shiba Shootout Surges Past $500K in Presale

Shiba Shootout (SHIBASHOOT) has gone viral after passing the $500,000 mark in its presale phase. This Wild West-themed meme coin is attracting investors worldwide and offers features unlike anything else on the market. Shiba Shootout – The Digital Wild West with P2E Mechanics Ever wondered what would happen if you mixed crypto with cowboys? That’s […] Source CryptoX Portal

Essential Strategies for Investment Advisors

Until regulatory clarity is achieved, advisors should document consideration of the uncertainty, market volatility and investment basics in minuted investment committee meetings. Drawing from traditional finance experiences with illiquid assets during the 2008 credit crisis, advisors can demonstrate their fiduciary duty even in the face of uncertainty. In 2008, it was unclear how to meet fiduciary obligations for valuation; however, many met these with: Source

Bitcoin buyer Microstrategy announces 10-for-1 stock split

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MicroStrategy’s board of directors approved a 10-for-1 stock split for both its class A and class B common stock.  This stock split will make the stock more accessible to investors and employees. After the announcement, shares (MSTR) of the software company, which is also known for its significant investments in Bitcoin (BTC), rose by 7.5% in intra-market trading. Conventionally, a 10-1 stock split would mean that for every one share an investor owns, they will receive ten shares, with each new share worth one-tenth of the original share’s price. Similarly, MicroStrategy’s…

MOTHER Token Price Jumps as Much as 50% as DWF Labs Announces Unspecified Partnership With Iggy Azalea

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…

From Coin-Operated Machines to Token-Operated Gaming

Moreover, games aren’t properly gated, and Web2 platforms face immobility of reputation, where skills and achievements cannot be transferred across different platforms, games, or communities. This, combined with the automation of bots, makes it difficult to manage growing gaming communities sustainably because it’s hard to know who to trust. Source

Filecoin Boom Incoming? Market Optimism Fuels Crypto’s Next Breakout Star

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Filecoin (FIL) is taking the spotlight in the crypto market, and humming with activity. Both analysts and investors are attentively observing the digital asset; many of them project a rapid increase in the not too distant future. Related Reading A convergence of events drives this hope. One such indicator is the TD Sequential, a technical analysis tool reserved for professional traders; it has just produced a bullish signal for FIL. The number of individuals with a positive outlook for the altcoin has been up. Additionally, the coin’s Relative Strength Index…

Why AI's Energy Use Isn't Demonized Like Bitcoin's

CryptoX – Cryptocurrency Analysis and News Portal AI’s utility is more obvious to everyday people than crypto’s, and AI’s risks are so much greater that power consumption fears seem beside the point. Source The post Why AI's Energy Use Isn't Demonized Like Bitcoin's appeared first on CryptoX. CryptoX Portal