Day: November 1, 2024

Whale panics amid Bitcoin dip, sells 2,019 BTC

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Bitcoin’s price dip below $70,000 has seen one whale panic, selling 2,019 BTC amid jitters over further declines. According to Lookonchain, a smart money on-chain account on X, as Bitcoin (BTC) extended its decline from the recent peak above $73,000, a whale address that had previously sold in October appeared spooked. Data indicates that the large BTC holder, likely concerned about potential downside pressure, panic-sold $141.5 million worth of the flagship cryptocurrency. This 2,019-BTC dump wasn’t a one-off for the whale. On-chain data shows that this particular large holder had…

With Decentralized AI and Tokenized Ownership, We Can Fight ‘The Six’

Just as was the case for Alphabet’s Google, Meta’s Facebook and Amazon’s marketplace, the development of these six companies’ large language models (LLMs) and other AI machinery is occurring within closed, black-box systems.They’ve ingested the troves of data we all unwittingly poured into internet sites, and have built highly complex codebases into which no one has visibility. Between them, they dominate all layers of the AI stack: the storage (Amazon Web Services), the chips for computation (Nvidia), the AI models (Microsoft, with its investment in Open AI), the data (Alphabet…

21Shares files S-1 for spot XRP ETF

21Shares has filed documents for an XRP-based fund amid skepticism toward crypto ETF demand outside Bitcoin products. Crypto asset manager 21Shares launched its bid for a spot (XRP) exchange-traded fund as issuers considered more cryptocurrency investment vehicles. The company dubbed its potential offering the 21Shares Core XRP Trust, according to an S-1 form sent to the U.S Securities and Exchange Commission. 21Shares was the second wealth manager to file formal XRP ETF papers. Bitwise submitted a similar application in early October, after first registering a Delaware Trust for its XRP…

Is A 326% Rally To $0.00003474 Possible From Here?

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Este artículo también está disponible en español. A crypto analyst has just unveiled a midterm Pepe price prediction, forecasting that the frog-themed meme coin could see a potential 326% rally before the end of 2025. This massive surge would propel the Pepe price to $0.0000347, marking new all-time highs for the popular meme coin.  Analyst Predicts 326% Price Rally For PEPE Sharing a bullish price forecast for the Pepe price on the last day of October, crypto analyst Captain Faibik has predicted that the frog-themed meme coin is set for…

Exploring Liquid Democracy in Blockchain Startups: Insights from a16z Crypto

Rebeca Moen Nov 01, 2024 17:55 Andrew Hall analyzes digital voting in blockchain startups, revealing trends in liquid democracy and the impact of user-friendly interfaces on participation. Liquid democracy, a novel approach to representative governance, is gaining traction in the blockchain sphere. Andrew Hall, a researcher from Stanford, has delved into how blockchain startups are leveraging digital voting mechanisms to facilitate high-stakes decision-making. His research, shared by a16z crypto, involves a comprehensive study of over 250,000 voters and more than 1,700 proposals…

JPMorgan Chase Paying $100,000,000 To Customers As Bank Settles Wave of Allegations From U.S. Securities and Exchange Commission

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JPMorgan Chase is handing $100 million to customers after settling a wave of allegations from the U.S. Securities and Exchange Commission. The bank is settling five separate cases with the agency and will pay an additional $51 million to regulators, for a total of $151 million. The alleged violations include misleading disclosures, breaches of fiduciary duty and prohibited trades. Customers who invested in the bank’s “Conduit” products will receive $90 million from the bank directly, and the bank will pay an additional $10 million to a civil fund that will also…

Ethereum Claims Address Dominance With 43% Lead—Will It Keep Rising?

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Este artículo también está disponible en español. Ethereum missed out on this week’s crazy price movements. For the last couple of days, Bitcoin has dominated the bigger crypto market, making gigantic strides almost crossing the $73,500 mark for its best in recent months. Other altcoins have also followed that trajectory as SOL and DOGE trail Bitcoin. Related Reading As Bitcoin retests a new high this October, Ethereum lags, even touching a low of $2,322 last October 3rd. Since then, Ether has slowly inched its way up the price charts, reaching…