Day: August 6, 2024

East African Scientists Use AI for Accurate Extreme Weather Forecasts

Climate scientists in East Africa are integrating artificial intelligence (AI) into traditional weather forecasting methods to enhance the accuracy of extreme weather predictions. The region faces increasing frequency and severity of extreme weather events due to climate change. By combining AI with physical atmospheric processes, researchers have developed a hybrid modeling approach that provides more […] Source CryptoX Portal

Capula Management Invests $464 Million in Bitcoin ETFs, Signaling Institutional Interest

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Capula Management, one of the largest hedge funds in Europe with assets under management (AUM) of approximately $118 billion, has made a significant move in the cryptocurrency market by investing $464 million in spot Bitcoin exchange-traded funds (ETFs). This substantial investment underscores the growing institutional interest in bitcoin, even amid market fluctuations. Capula’s step highlights […] Original

Coinshares Sees $528 Million Outflow From Crypto Products Due to Recession Fears

Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic downturn concerns. Despite this setback, Coinshares remains committed to its long-term strategy and continues to expand its operations […] Source CryptoX Portal

On-Chain Activity Surges in July, Stats Show

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The ongoing plunge in the overall crypto market fairly began back in July where the global crypto market cap initially fell to $2.5 trillion from $2.7 trillion earlier in May. However, despite this downturn recorded in July, Cardano (ADA), the 9th largest crypto by market cap appears to have defied this bearish trend. Particularly, according to the Cardano foundation, the blockchain stands out in July for its notable increase in on-chain activity, despite broader market setbacks. The data provided by the Foundation reveals that the network is not only sustaining but…

Healthcare company Semler Scientific buys $3m in Bitcoin

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Semler Scientific is increasing its Bitcoin reserve with a $3 million purchase, bringing its total holdings to 929 BTC. Publicly traded medical device maker Semler Scientific is doubling down on its corporate strategy focused on buying Bitcoin (BTC), with the latest transaction boosting its crypto reserves by a few million dollars. In financial results per Q2 published on Monday, Aug. 5, the company revealed that on the same day, it acquired an additional 52 BTC for an aggregate cost of $3 million, bringing the total amount of crypto reserves to…

$528 Million Vanishes From Crypto Funds Amid Economic Fear

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The global economic market has now so far shown increasing signs of instability which appears to have impacted the overall crypto investment sector negatively. Recent data from CoinShares has revealed a reversal in the flow of funds, with crypto investment products experiencing significant weekly outflows. As reported by CoinShares, this outflow marks the first time in over a month that the net balance has tipped from “accumulation to liquidation,” highlighting investor anxiety amid recession fears in the United States. Deciphering The Crypto Fund Flows: Was There Any Green? Analyzing the…

Bitcoin (BTC) Indicators That Offer Light in a Gloomy Market

“The U.S. slowdown looks clearly underway, and the Fed, behind the curve, will need to cut more aggressively than previously expected. U.S. [Treasury] yields and the dollar are consequently repricing lower, which is hugely bullish for bitcoin. Further, with China ramping up stimulus and liquidity injections, combined with a weaker dollar, global liquidity conditions are set to accelerate,” the founders of newsletter service LondonCryptoClub said in Monday’s edition. Source

XRP, ADA, and RBLK show strong potential for significant gains

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin steadies the market, altcoins like XRP, ADA, and Rollblock are poised for explosive growth. Bitcoin is the glue that holds the crypto market together, but altcoins are where the action happens. Altcoins like XRP and ADA have made many people a lot of money, and altcoins always outpace Bitcoin. The XRP price prediction looks bullish, while ADA gives investors a prime ‘buy low’ opportunity. But the next…