Day: August 12, 2024

AI Search Engine Perplexity Teams up With Predictions Market Giant Polymarket

On Aug. 12, 2024, the startup behind Perplexity, an AI-driven search engine and chatbot, revealed a new partnership with Polymarket, a blockchain-powered predictions market. With this integration, users searching for events on Perplexity will now find news summaries accompanied by real-time probability forecasts sourced directly from Polymarket. Perplexity and Polymarket Unite The AI-focused search engine […] Source CryptoX Portal

Polkadot Seen Reversing Losses With 116% Rally

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Polkadot token DOT has indeed been hot on the cryptocurrency market throughout the week, appreciating over 21%. Despite the gains bringing further enthusiasm among the investors, the token pressed on higher and continues to trade at $4.65 with a market capitalization of more than $6.6 billion. Now ranking 17th in the largest cryptocurrencies, investors and DOT aficionados cannot stop wondering if it can sustain its momentum. Related Reading Something is literally now hyping in the air, particularly after the analysis of the popular crypto analyst known as “Zayk Charts.” The…

What I Learned About Crypto’s Future From Basecamp and FWBFest

In the mountains of Idyllwild, CA, a convergence of technologists, artists, and optimists surrendered themselves to the future. I had the opportunity to spend two recent days at Basecamp, Base’s summer retreat, followed by two more at FWB FEST (Friends With Benefits’ annual gathering), where around 1,000 attendees enjoyed music, art, and ideas while exploring the frontiers of on-chain technology and culture. These experiences provided me with insights about the future of blockchains. Here are my six key takeaways. Source

Pi Network mainnet launch progresses, yet risks persist

The much-awaited Pi Network mainnet launch progresses while Bitcoin forms a rare death cross pattern. Pi Network developers have been working diligently this year to ensure the blockchain moves from the enclosed mainnet to the public mainnet phase. In a recent post, they noted that they were progressing well with the Know Your Customer verification for customers. Over 13 million pioneers have passed the KYC process and 6 million have already migrated to the mainnet.  The network has reached over 13 million Pioneers who have passed KYC and over 6…

Key Zones And Price Levels To Watch

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Ethereum has struggled greatly underneath the bearish pressure that has been mounted on the crypto market over the last few weeks. The ETH price suffered multiple crashes that sent it toward $2,000 once more, shattering the expectations for a new all-time high in the third quarter. However, this decline may only be short-lived as one crypto analyst has suggested that the Ethereum price could be getting ready for another rally that could push it toward its previous highs. Ethereum Looking Promising On 1-Week Chart Crypto analyst RLinda has posted a…

SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme

The company’s founders, American married couple Cynthia and Eddy Petion, who are now believed to be living in Panama, and promoters – including Martin Zizi, James Corbett, Corrie Sampson, Dapilinu Dunbar, John Garofano and Marsha Hadley, all named defendants in the SEC’s lawsuit – used “religious overtones” when soliciting investors. Cynthia Petion dubbed herself the “Reverend CEO” in NovaTech promotional materials and on her social media profiles, and claimed that God sent her a “vision” of starting the company while she was brushing her teeth. Source

Year-End Launch of Bitcoin ETF Options Could Lead to Price Drops

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Analysts and market observers anticipate that options trading for U.S. spot bitcoin exchange-traded funds (ETFs) could kick off before year-end. While there’s considerable buzz around these new investment avenues, the introduction of options trading might bring strategies that could temper bitcoin’s market price. Crypto ETF Options Likely by Q4 2024, But Bitcoin and Ether Prices […] Original

Bitcoin Investors Again Show Extreme Fear As BTC Slips To $59,000

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Data shows the Bitcoin market sentiment has taken to extreme fear again as the asset’s price has seen a retrace to the $59,000 mark. Bitcoin Fear & Greed Index Suggests Market Now Extremely Fearful The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment that’s currently present in the Bitcoin and wider cryptocurrency markets. The index uses the following five factors to determine the sentiment: volatility, trading volume, social media sentiment, market cap dominance, and Google Trends. It then represents this estimation…