Ethereum short positions surge 500% as hedge funds bet on decline

Bitcoin’s drop to $42,000 obliterated its open interest and liquidated a large swath of leveraged traders, but analysts say OI resets typically provide great buying opportunities. 703 Total views 21 Total shares The weekend is upon us and fear remains the dominant short-term sentiment in the cryptocurrency market. Earlier today Bitcoin (BTC) price dropped to…

Bitcoin price (BTC) is down around 1% on Monday, following a strong close to the week on Sunday with a move from lows of $7,875 to highs of over $8,300. The altcoins also bounced around 2% yesterday and have also failed to follow through today.  Despite the strong close to the week, Bitcoin closed the week…

Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system. 415 Total views 65 Total shares Group of Seven advanced economic nations has been discussing central bank digital currencies (CBDCs) this week, concluding that they should “do no harm” and meet rigorous standards.Finance leaders from…

Beginners should undertake data science projects as they provide practical experience and help in the application of theoretical concepts learned in courses, building a portfolio and enhancing skills. This allows them to gain confidence and stand out in the competitive job market.If you’re considering a data science dissertation project or simply want to showcase proficiency…

Bitcoin’s early comeback may last just one week as the ninth month of the year also portends problems for gold.

While a rally in the latter half of the week saw major names across the decentralized finance (DeFi) ecosystem climb upwards of 100%, Axie Infinity -- the Pokemon-inspired NFT game -- carried the banner for the NFT space, capping off a wild week of progress with a record-breaking 300 ether (roughly $130,000) sale. The eye-poppingly expensive…

Jasmine Smith, chief executive of Web3-based wellness app Rejuve.AI, told Cointelegraph that decentralized and AI-powered platforms for health research do not aim to replace doctors and clinicians but rather help them in their work. 121 Total views 1 Total shares Blockchain and artificial intelligence (AI) have long been paired to change how people view identity

Spot Ether ETFs in the US face significant outflows, unlike Bitcoin ETFs, which continue to attract investments.

God save our gracious coin, long live the coin. A team of entrepreneurs, environmentalists and Bitcoin (BTC) advocates have assembled to back Bitcoin in Britain.The Bitcoin Policy U.K. (BPUK) unites stakeholders, policymakers, environmentalists, tax specialists, Bitcoin experts and miners to “Unlock the potential of Bitcoin” in Britain, and explore how the decentralized currency’s burgeoning industry…