Meta announced it will resume training its artificial intelligence (AI) models using U.K. adult user data to better reflect British culture. This follows a delay due to privacy concerns. Despite initial opposition, Meta has now engaged with U.K. regulators and is nearing the launch of its AI products in the U.K. The company clarified that […] Source CryptoX Portal
Month: September 2024
One Relatively New Decentralized Exchange Has Gained Traction Quickly Amid a Cooling DEX Market: IntoTheBlock
One relatively new decentralized exchange (DEX) is gaining momentum despite the bearish conditions in the crypto segment, according to the digital asset analytics firm IntoTheBlock. The firm notes the total market cap of major DEX tokens currently sits at $26.6 billion. “After a brief rise earlier this year, the market has cooled down, wiping out any YTD (year-to-date) gains.” IntoTheBlock notes that Uniswap’s native token, UNI, is the commanding asset in the space, with 74.93% market cap dominance. But Aerodrome Finance (AERO) is rapidly building momentum in the sector, “making…
112,000 ETH Moved To Crypto Exchanges In The Past Day — Impact On Ethereum Price?
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…
Bittensor tops crypto charts as AI tokens ride Nvidia wave
Decentralized AI project Bittensor skyrocketed to the top of the weekly gainers’ list, riding the wave of Nvidia’s stock surge. Bittensor (TAO) topped the charts this week as the biggest gainer among the top 100 cryptocurrencies with a solid 31% price jump. At the time of writing, TAO ranked 41st by market cap which stood at over $2.51 billion, with its price up 8.87% in the last 24 hours, trading at $313.59. TAO’s recent climb can be credited to Nvidia Corp’s stock rallying 13.5%, closing at $119.08 on Sept. 13.…
PEPE Faces Potential 5% Drop, Eyes Key Support Level Retest
After a recent breakout, PEPE has experienced a notable drop as it moves to retest crucial support levels. This retest is crucial for the cryptocurrency, as it will determine whether the bullish momentum can continue or if the price will struggle to hold above this level. The aim of this article is to analyze PEPE’s recent price action as it drops to retest critical support at $0.00000766 following a breakout. It will examine whether this support level can hold and lead to a rebound, potentially setting the stage for a…
Celestia, Jasmy, Pepe, MOTHER Iggy lead as Bitcoin hits $60k
Cryptocurrencies are largely in the green Saturday as traders anticipate the Federal Reserve will cut interest rates next week and Bitcoin retests the crucial resistance point at $60,000. Bitcoin price rose to $60k Celestia (TIA) rose by 12% to $4.50, reaching a high of $4.59 — its highest swing since Aug. 31 Popcat (POPCAT) jumped to $0.80, 71% above its lowest level this month. Pepe (PEPE), the popular meme coin, rose by 6% while JasmyCoin (JASMY) MOTHER Iggy (MOTHER) rose by over 5%. Altogether, the market cap of all coins…
Bettors on Polymarket See 69% Chance of Trump Launching a Token Before Election
Two days ago, former President Donald Trump made headlines by announcing his family’s decentralized finance (defi) platform, World Liberty Financial, boldly claiming the initiative is “embracing the future with crypto.” Meanwhile, over on Polymarket, a blockchain-powered predictions platform, a new bet has emerged. People are now speculating on the chances of Trump launching a cryptocurrency […] Source CryptoX Portal
Report Says Solana Liquid Staking Could Touch $18 Billion
Este artículo también está disponible en español. A new report has highlighted the key changes that could follow a significant increase in Solana liquid staking. Driven by strong investor demand, if Solana’s liquid staking were to reach $18 billion, it could significantly benefit Solana (SOL) and Jito (JTO), a liquid staking token on the Solana blockchain, potentially fueling positive momentum and a rise in the value of both altcoins. Related Reading Adoption Boom To Ignite Solana Liquid Staking Over the past few years, SOL has had an impressive run, outperforming…
FTX Co-Founder Sam Bankman-Fried Seeks Retrial, Alleges Legal Errors
Sam Bankman-Fried, co-founder of FTX, has filed an appeal against his conviction, arguing that key evidence was improperly excluded from his trial. His attorneys claim that legal errors denied him a fair trial and seek a retrial with a different judge. Sam Bankman-Fried’s Appeal Targets Conviction Over Alleged Legal Missteps In an appeal filed with […] Source CryptoX Portal
Bitcoin ETFs rebound, analyst sees institutional interest breaking September’s bearish trend
Spot Bitcoin ETFs, or exchange-traded funds, broke out of a two-week outflow streak with over $403.8 million in weekly inflows. Analysts expect the uptick in institutional interest this year to help Bitcoin defy the bearish September narrative. According to SoSoValue, spot Bitcoin ETFs raked in $263.07 million on Sept. 13, the largest single-day inflow since July 22, with Fidelity and ARK Invest and 21Shares’ funds snagging over half of the day’s action. Fidelity’s FBTC continued its 5-day inflow streak, bringing in $102.1 million. ARK Invest and 21Shares’ ARKB, $99.3 million.…