In brief Protests over controversial tax policies have ravaged Kenya in recent days. As the local currency falls and unemployment rises, youth in Kenya are turning to crypto to ease financial woes. Farming airdrops and chasing meme coin gains can often earn residents more than the monthly minimum wage, locals say. Kenyans are turning to crypto to make ends meet…
Month: July 2024
Abra Launches Digital Assets Treasury Solutions Amid Rising Crypto Demand
Abra, a digital asset platform, has introduced Abra Treasury, providing customized digital asset treasury solutions. The service targets corporations, family offices, and non-profits. Abra Treasury, operated by Abra Capital Management LP, aims to offer an integrated suite of services including custody, trading, borrowing, and yield through separately managed accounts. Abra insists these solutions are tailored […] Source: https://news.bitcoin.com/abra-launches-digital-assets-treasury-solutions-amid-rising-crypto-demand/
Price analysis 7/1: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Bitcoin and the wider crypto market have historically rallied in July, but traders are worried that the Mt. Gox repayments could impact the strength of this trend. Source: https://cointelegraph.com/news/price-analysis-7-1-spx-dxy-btc-eth-bnb-sol-xrp-ton-doge-ada
GameStop Stock Falls 9% as Roaring Kitty Turns His Attention to Chewy
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports GameStop (GME) fell off another 9% after the weekend, signaling that the stock is suffering from a lack of attention now that influencer Keith Gill, aka…
EU MiCA stablecoin regulations come into effect: Law Decoded
Noncompliant stablecoin issuers could potentially exit the EU market entirely, with a shift toward euro-backed stablecoins as demand picks up in European markets. Source: https://cointelegraph.com/news/eu-mica-stablecoin-regulations-2024-law-decoded
‘Moonray’ Begins Play-to-Airdrop Push Alongside Epic Games Store Launch
Sci-fi arena combat game Moonray has launched its play-to-airdrop campaign, with successful participants eligible to receive the project’s native token once it launches, barring regional restrictions. This comes amid the game’s Epic Games Store debut. Every day, players are given the challenge to place in the top half of five games, and completing this will help you progress further through…
George Santos’ Q-Themed Token Plummets After Former Lawmaker Steps Aside
Here today, gone tomorrow. The phrase rings true for many meme coins that have cropped up so far this year, as assets that trade on little more than vibes. Increasingly promoted on social media by recognizable names, a few inspired by the celebrity-saturated trend have succumbed to headwinds too, as promoters eventually swap crypto hype for regular programming on social…
Report: Market Analyst John Hussman Warns of Major Downside for S&P 500
John Hussman, a prominent market strategist known for predicting the 2000 and 2008 crashes, warns of a significant downside for the S&P 500. Hussman highlights elevated asset prices and narrow market participation, suggesting a potential decline of 50-70%. Analyst Predicts Major Stock Downturn Amid Elevated Valuations John Hussman, the president of Hussman Investment Trust, has […] Source: https://news.bitcoin.com/report-market-analyst-john-hussman-warns-of-major-downside-for-sp-500/
AI Won’t Destroy Mankind—Unless We Tell It To, Says Near Protocol Founder
Artificial Intelligence (AI) systems are unlikely to destroy humanity unless explicitly programmed to do so, according to Illia Polosukhin, co-founder of Near Protocol and one of the creators of the transformer technology underpinning modern AI systems. In a recent interview with CNBC, Polosukhin, who was part of the team at Google that developed the transformer architecture in 2017, shared his…
3 reasons why Bitcoin (BTC) is up today
Weak tech corporate earnings, spot Bitcoin ETF inflows, and the potential arrival of a new major investor drove Bitcoin price above $63,000. Source: https://cointelegraph.com/news/3-reasons-why-bitcoin-btc-is-up-today