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Deltia AI leverages NVIDIA Metropolis and Jetson AGX Orin to optimize assembly lines, promising up to a 50% productivity increase. (Read More)
In the early trading session Wednesday, the price of Bitcoin continued its precipitous decline from Tuesday, falling to a low of $55,555. As a result, Bitcoin and other major cryptocurrencies fell to levels not seen in a month. The worst time for global markets since the crash of August 5
Samsung Next, the investment wing of South Koreans tech giant Samsung group has disclosed that it has made a strategic investment in Startale Labs. This goes hand in hand with their recent work with Sony in which Startale Labs is building the Soneium blockchain network. The investment position Samsung in front of the WEB3 technology, […]
Charles Hoskinson, the founder of Cardano, recently engaged in a conversation regarding the poor price performance of ADA post-hard fork.…
The post Cardano Founder Reacts to Backlash Over ADA Price Fall Post-Hard Fork first appeared on The Crypto Basic.
Cypherpunk Jameson Lopp is making sure there are viable custody solutions that prioritize the user.
A heated exchange erupted between Cardano founder Charles Hoskinson and a community member regarding the future direction of the smart contract platform. The dispute revolves around IOG’s development contract and the allocation of funds from the Cardano treasury. The community member who goes by the name Shaggyrax aka Samuel, has raised doubts over a potential […]
NFT transactions dropped 32% from 7.3 million in August to 4.9 million in September.
The native token of the bankrupt crypto exchange FTX has seen sharp bullish action amid looming bankruptcy distributions.
Tuur Demeester, a prominent voice in the Bitcoin community, recently fired back at Charles Hoskinson, the founder of Cardano (ADA). The spat erupted after Hoskinsons controversial remarks about Bitcoin in a video that quickly made waves on social media. His words stirred the pot, leading to a heated debate about the future of the largest […]
Christopher Wilson addresses critical issues in financial investigations at the GIR Live: Asia-Pacific Investigations Summit 2024. (Read More)
After breaking below a lifetime support level, ADA's price versus Bitcoin could drop by another 25% in the coming months.
Cardano's Charles Hoskinson has strongly criticized media outlets for misrepresenting his views on Ethereum's governance model.
Binance founder and former CEO Changpeng CZ Zhao is the wealthiest person to serve jail time in the US, with current net worth estimated more than $60 billion.
He served four months in federal prison for charges including alleged violations of United States Anti-Money Laundering rules.
Several indicators point to renewed strength in altcoins, suggesting a potential altcoin season on the horizon. However, for confirmation, Bitcoin (BTC) dominance needs to drop further. Altcoin Market Cap Crosses 200-Day EMA Crypto analysts are closely monitoring various indicators that track altcoin behavior, with one critical metric being the 200-day exponential moving average (EMA). According [...]
The post Altcoin Market Cap Surges Past 200-Day EMA: Is Altseason Finally Here? appeared first on Crypto Breaking News.
Following the indictment of its CEO, Changpeng Zhao, Binance now says compliance is at the top of its agenda.
Despite the regulatory hurdles, the projects WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26.
Ethereum (ETH) price has outshined Bitcoin (BTC) over the last week since the US Federal Reserve (Fed) slashed interest rate by 50 basis points (bps) on September 18, 2024. Ethereum Gains On Bitcoin, Prelude To Altseason? Ethereum has had an impressive last few days as far as its price action is concerned. ETH has surged by 16% to $2,666 since the Fed cut rates for the first time in four years. BTC has risen by 9% in the same period, trading at $63,643 at press time. Related Reading: Ethereum Poised For A Comeback Following Interest Rate Cut: Steno Research The ETH/BTC trading pair has surged from 0.0385 on September 18, to 0.0420 on September 23, indicating an increase of almost 9%. Notably, the ETH/BTC trading pair is a crucial trading pair observed by crypto analysts to gauge market sentiments toward altcoins relative to BTC. When ETH and other altcoins gain value against BTC, it suggests increased investor interest in altcoins, potentially signaling the beginning of an “altseason.” Conversely, when BTC outperforms ETH, it may indicate a shift back to Bitcoin dominance. Its worth highlighting that the Ethereum futures funding rate has turned positive since the interest rate cut, standing at 0.0058% according to data from cryptocurrency futures trading and information platform CoinGlass. For the uninitiated, a positive funding rate implies that traders holding long positions – in this case, long ETH – are paying short positions, reflecting bullish market sentiments. The change in funding rate suggests greater optimism regarding ETHs future price, likely driven by increased demand and confidence following the rate cut. That said, investors should be cautious of sharp movements in funding rates, as this could lead to market corrections amidst excessive optimism or due to any changes in external factors. Ethereum Faces Stiff Competition From Other Blockchains Throughout 2024, Ethereum has faced criticism for its lackluster performance relative to its competitors. Even major developments, like the US Securities and Exchange Commissions (SEC) approval of ETH exchange-traded funds (ETFs) failed to propel the second-largest cryptocurrency by market cap significantly. In contrast, competing smart contract platforms like Solana (SOL), Binance Coin (BNB), and Tron (TRX) have made impressive strides not only in terms of price appreciation but also regarding the development of ecosystem infrastructure. Related Reading: Tron-Based SUN Token Skyrockets 197% As SunPumps Momentum Continues For instance, the Solana ecosystem witnessed many developments at Singapore’s recently concluded Solana Breakpoint 2024 event. Among other announcements, Franklin Templeton unveiled its plans to launch a mutual fund on Solana. Similarly, all eyes are on the release of former Binance CEO Changpeng Zhao from prison on September 29, 2024. Crypto analysts predict that Zhaos release could spark bullish momentum for Binances native token BNB, which has shown incredible resilience despite the exchanges former CEO being imprisoned on money laundering charges. With the rising adoption of Ethereum layer-2 solutions offering high scalability with minimal transaction costs, expect the smart contract space to become increasingly competitive. ETH trades at $2,660 at press time, up 3.3% in the last 24 hours. Featured image from Unsplash, Charts from Tradingview.com
The former head of Alameda Research will serve her sentence in a minimum-security prison.
An analyst has pointed out two patterns forming in altcoin and Bitcoin-related charts that could suggest an altseason may be coming soon. Signs May Finally Be Aligning For An Altcoin Season In two new posts on X, analyst Ali Martinez has discussed some signals that could foreshadow an altcoin season. The first chart shared by [...]
The post Is Altcoin Season Coming? These Two Signals Could Suggest So appeared first on Crypto Breaking News.
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