Q2 earnings: AI sector enters flat spin as consumer disinterest in chatbots intensifies
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.
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Will Bitcoin’s rally sustain? DXY, SPX, GC and WTI could have the answer
Federal Reserve Chairman Jerome Powell said in a question and answer session hosted by the Cato Institute on Sept. 8 that the central bank will continue to hike rates until inflation is under control. However, these comments did not rattle the markets as much as most would have anticipated, indicating that traders might have already…
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Rotation out of ETH into SOL causes another surge in bearishness
The Ethereum FUD fires are burning hotter than ever as Ether has fallen against Bitcoin and Solana while developers are fighting the flames.
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Korean crypto investment company launches $100 million fund for blockchain projects
South Korea’s Hashed has established a new fund to finance emerging blockchain startups 642 Total views 4 Total shares Hashed, one of South Korea’s largest crypto asset fund managers, has raised 120 billion won ($110 million) to fund new blockchain ventures in the so-called “protocol economy.”The funds were raised via Hashed Ventures Inc., a new…
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Zcash Fully Shielded Transactions Jump 70% to New Record in April
The Zcash network has recorded a 70% jump in fully shielded transactions, marking a new record for April of over 8,700. This compounds gains of 100% made in March. 2265 Total views 42 Total shares The number of fully shielded transactions recorded on the Zcash (ZEC) network leaped up almost 70% in April to hit…
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Ethereum can reach $500 for the first time since 2018 — Here’s how
As the price of Ethereum’s native digital currency Ether (ETH) has had record-high transaction fees recently, the price of ETH also showed an increased amount of volatility. A new high was hit at $495 at the end of August, after which the price took the elevator down and dropped with more than thirty percent to $308. This…
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Battle-hardened Ronin bridge to Axie reopens following $600M hack
Sky Mavis, developers of the popular play-to-earn (P2E) NFT game Axie Infinity have announced that the Ronin bridge is back online three months after it was hacked for more than $600 million. The Ronin bridge is an Ethereum sidechain built for Axie Infinity, and it enables users to transfer assets between the sidechain and the…
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Binance DEX Launches on Native Mainnet Earlier Than Planned, Invites Community Input
Binance, the world’s largest crypto exchange by adjusted volume, has launched its decentralized trading platform (DEX) earlier than planned, according to a press release shared with Cointelegraph on April 23.The move comes just a week after the exchange launched its native blockchain, Binance Chain, which will power the new decentralized platform.While Binance DEX trading is…
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Bitcoin Whales’ Exchange Withdrawals Hint at 5-Digit Prices in July
Price performance tends to flip bullish four months after peak whale withdrawals from exchanges — and the next cycle is almost here, data shows. 1901 Total views 28 Total shares Bitcoin (BTC) investors should buy BTC when whales do one thing in particular — bull runs begin several months later.That was the latest insight from…