Day: November 12, 2024

AI startup Genius Group picks Bitcoin as main treasury asset

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Bitcoin as an institutional reserve asset gained more traction as a Singapore-based AI company took a page from MicroStrategy’s book. Per a press statement, publicly-traded artificial intelligence firm Genius Group will onboard Bitcoin (BTC) as its main treasury holding and immediately purchase $120 million worth of the world’s leading cryptocurrency. Genius Group also said it would hold 90% of its current and future treasury value in Bitcoin, adding to its initial 1,380 token buy plan disclosed on Nov. 12. The startup’s GNS shares surged 50% during pre-market trading, according to…

Dogecoin Inks 150% Weekly Boom As Musk-Trump Buzz Builds

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Este artículo también está disponible en español. Dogecoin (DOGE) is making news again, as analysts forecast a price increase. Following Trump’s recent election victory, the cryptocurrency has enjoyed a phenomenal 157% weekly increase, fuelled by increased speculation about the roles of Elon Musk and Trump in the incoming administration. Related Reading Dogecoin On A Tear A number of cryptocurrencies, including Dogecoin, have experienced significant price gains as a result of Bitcoin’s recent rise to more than $88,000,000. This recently discovered interest in the cryptocurrency that was inspired by memes has…

Polymarket Faces Significant Post-Election Lull in Trading Volume, User Activity

Less than a week after the 2024 U.S. election, the prediction market Polymarket has seen daily trading volume drop sharply. After Election Spike, Polymarket Returns to Quieter Trading Before the election between Donald Trump and Kamala Harris, the Polygon-powered Polymarket buzzed with activity as bettors wagered on the presidential outcome. In addition to the presidential […] Source CryptoX Portal

Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH?

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Este artículo también está disponible en español. The Shiba Inu burn rate faces new challenges, as it has recorded a massive 82% decrease. This decline comes amid a period of recovery and positive momentum for the SHIB price, raising questions about whether the meme coin can still achieve its 2021 All-Time High of $0.00008.   Shiba Inu Burn Rate Plummets In the last 24 hours, Shiba Inu’s burn rate has crashed by 82.32%. The Shibburn wallet tracker has reported this significant drop, revealing that only 81,937,558 SHIB tokens have been sent…

Bitcoin frenzy spun $1b volume in 25 minutes for BlackRock’s ETF

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Bitcoin’s multi-day surge to consecutive new highs has caught Wall Street’s attention, with billions flowing into crypto ETFs since the beginning of November and the U.S. elections. Bitcoin (BTC) investors traded $1 billion of BlackRock’s IBIT fund within the first 25 minutes of U.S. market trading, continuing a BTC-led trend that has incentivized retail and institutional capital deployment. Initial volumes on Tuesday, Nov. 12, followed staggering figures from Monday, Nov. 11, as Bitcoin recorded its largest single-day and weekly gains in its 15-year history. Inflows to U.S. spot BTC exchange-traded…

Taiko Enables Multiple ZK Proofs on Mainnet for Enhanced Security

NEW YORK and LONDON and SINGAPORE, Nov. 11, 2024 /PRNewswire/ — Taiko, Ethereum‘s first based rollup network, has just enabled multiple Zero-Knowledge (ZK) proofs powered by Succinct and RISC Zero. This enhanced multi-proof architecture, that currently includes SGX proofs, will help secure the network’s 5 million daily transactions. As ZK-tech is still early in its development, Taiko’s multi-proof approach aims to address any possible bugs or concerns brought by a single proving system. The implementation of multiple provers allows for more oversight and strengthened security. “We still appreciate SGX proofs but we have to…

AI Firm Genius Group Adopts Bitcoin as Primary Treasury Asset; Shares Spike 50%

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“We see Bitcoin as being the primary store of value that will power these exponential technologies,” Thomas Power, a director of Genius Group, said in the statement. “The compelling case that we believe Michael Saylor and Microstrategy have made for public companies to invest in Bitcoin as their primary treasury reserve asset is one that we fully endorse.” Original