The ‘memecoin supercycle’ theory is converting crypto unbelievers

The Bitcoin (BTC) futures funding rate on Binance Futures overtook Deribit on Dec.18, according to data from CryptoQuant. Historically, when this happened, the dominant cryptocurrency saw a local top or consolidation.The funding rate of major cryptocurrencies, including Bitcoin and Ether (ETH), rose considerably in the past 48 hours. This typically indicates that the futures market…

OpenAI has quietly pulled the plug on its AI Classifier because of its low accuracy. 412 Total views 4 Total shares Artificial intelligence powerhouse OpenAI has discreetly pulled the pin on its AI-detection software citing a low rate of accuracy.The OpenAI-developed AI classifier was first launched on Jan. 31, and aimed to aid users, such…

The May 19 crypto market sell-off saw $1.2 trillion in value erased from the total market capitalization as the froth and excess leverage of over-hyped markets was quickly eliminated. But similar to a forest fire, whose destructive power is essential to the rejuvenation of a forest's ecosystem, dramatic market shake-outs are a vital part of…

The total value locked on Solana has surged, but is this enough to send the SOL price to a new all-time high?

On-chain detective ZachXBT has linked the convicted U.K. hacker Gurvinder Bhangu to Sydney Sweeney and Bob Odenkirk’s crypto hacks.

Halloween-themed cryptocurrencies are taking over the crypto ecosystem on Twitter, typically purchased as an off-the-shelf product providing no real use case or future for investors. 212 Total views 2 Total shares The crypto community never shies away from deploying new cryptocurrencies that are themed on current events, and Halloween was no exception. The industry saw…

COVID-19 — more commonly known as the coronavirus — has unleashed massive shock waves among the worldwide health, science, government and business communities as societies are trying to contain the virus. At the moment, the scale and velocity at which the coronavirus is spreading are proving difficult to manage because the regional clustering of the…

The nonfungible token (NFT) sector of the cryptocurrency ecosystem has made waves that splashed across the headlines of even mainstream news outlets in 2021. Celebrities, musicians, sports teams, established auction houses and even fast-food restaurants got involved with the creation and/or sale of one-of-a-kind digital items. With the top NFT marketplaces like OpenSea seeing record-breaking trading…

The number of Bitcoins held on centralized exchanges has fallen by more than 10% since Black Thursday in March. 721 Total views 25 Total shares Data compiled by Glassnode is showing that the number of Bitcoin (BTC) held on top crypto exchanges has steadily fallen since the violent mid-March crash that saw crypto prices tumble…