At least six big Australian banks have taken such action now — a trend one industry executive says is stripping Aussies of their “financial rights” to participate in the digital economy. Source: https://cointelegraph.com/news/hsbc-australia-bank-block-payments-crypto-exchanges?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: July 2024
Bitfarms forced to stop ‘poison pill’ strat amid Riot takeover attempt
The Ontario Capital Markets Tribunal terminated Bitfarm’s attempt to “poison pill” Riot Farm’s takeover attempt of their firm. Source: https://cointelegraph.com/news/bitfarms-stop-poison-pill-strat-riot-takeover-attempt?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Hong Kong Launches Its First Inverse Bitcoin ETF Product
CSOP Asset Management, a regulated asset management company, has become the first to launch an inverse Bitcoin ETF in Hong Kong’s markets. This allows traders and investors to speculate on the decline of the cryptocurrency’s value. The product complements other ETF products already available, further establishing the city as an international crypto market. CSOP Asset […] Source: https://news.bitcoin.com/hong-kong-launches-its-first-inverse-bitcoin-etf-product/
Bitcoin Dips Below $65,000 Triggering $250 Million in Liquidations
Traders betting on a crypto price increase were forced to close their positions quickly on Wednesday as the world’s largest cryptocurrency sagged. Over the past 24 hours, long liquidations in the crypto market have spiked to $220.7 million, making up the majority of positions betting on a direction in prices. Bitcoin fell below $65,000 late Wednesday, declining 2.5% amid the…
Crypto bank Sygnum posts profit after doubling crypto trading volumes
Signum Bank says it’s now eyeing further expansion into the European market, aiming to become fully MICA compliant by the first quarter of 2025. Source: https://cointelegraph.com/news/crypto-bank-sygnum-reaches-profitability-amid-trading-volume-spike?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Majority of Americans Believe US in Recession, Survey Shows
New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief, followed by complaints from friends and family (50%), reduced spending by peers (36%), and difficulties […] Source: https://news.bitcoin.com/majority-of-americans-believe-us-in-recession-survey-shows/
Traders see ETH’s $3.2K pullback as a ‘buy’ while ETFs build steam
Analysts believe Ether will see “tremendous” price action once their spot ETFs build momentum, similar to Bitcoin after the launch of spot Bitcoin ETFs. Source: https://cointelegraph.com/news/ether-traders-spot-etf-cryptocurrency-buy-zone?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Telegram CEO Predicts Blockchain Mass Adoption This Year — Announces Mini App Store, Web3 Browser
Pavel Durov, CEO of Telegram, forecasts 2024 as the year of blockchain mass adoption. He announced new features such as a mini app store, an in-app browser for Web3, and initiatives to combat crypto scams. Telegram’s user base has grown to 950 million monthly active users, with expectations to reach one billion soon. Telegram’s CEO […] Source: https://news.bitcoin.com/telegram-ceo-predicts-blockchain-mass-adoption-this-year-announces-mini-app-store-web3-browser/
Kling AI Video Generator Now Available Globally to Take on OpenAI’s Sora
Kuaishou’s Kling AI has gone worldwide, ditching its China-only restrictions with the global launch of Kling AI version 1.0. The AI video generator platform is now accessible to users worldwide at KlingAI.com, where registration requires just an email address. Upon signing up, users receive 66 free daily credits for video creation. The platform supports both text-to-video and image-plus-text-to-video generation, putting…
AI Tool Uses Finger Taps to Track Parkinson’s Disease
Researchers from the University of Florida’s College of Health and Human Performance Institute have created a new AI system that efficiently tracks the progression of Parkinson’s disease using patient recordings of hand movements. This innovative system, which analyzes quick tapping movements between the thumb and index finger, can detect subtle changes that are often difficult for humans to spot. This…