FOMO HOUR 167 – CHATTING TO DOODLES! BTC nears $70k after Trump speech, PoW alts soar. Crypto funds saw $245m inflows last week. Open Interest on BTC hits record $39.4bn. SOL overtakes ETH in several key metrics. Pump(.)fun overtakes ETH for daily revenue. Jito overtakes Lido for fees collected. $1.5bn altcoin unlocks in August, $600m XRP. Compound DAO faces $25m…
Month: July 2024
Crypto PACs are spending big on US elections — What it means for the industry
Political action committees supporting the cryptocurrency industry are raising hundreds of millions of dollars. Source: https://cointelegraph.com/news/crypto-pacs-us-elections-blockchain-industry?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A Beginner’s Guide To Sending Crypto
If you’re new to the world of cryptocurrency, sending Bitcoin might seem like a daunting task. However, once you get the hang of it, it’s as straightforward as sending an email. Whether you’re sending Bitcoin to make a purchase, transfer funds to a friend, or even for educational purposes, this guide will walk you through how to send Bitcoin step-by-step.…
Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022
The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is intensifying the strain on miners. Miners Struggle as Bitcoin Difficulty Reaches New Peak On Wednesday, at block height 854,784, Bitcoin’s […] Source: https://news.bitcoin.com/bitcoin-network-faces-toughest-mining-difficulty-increase-since-2022/
OpenAI backs Senate bills to advance AI safety and accessibility
OpenAI’s support for these bills highlights a broader vision for AI that balances safety, accessibility, and the potential for educational progress. Source: https://cointelegraph.com/news/openai-backs-senate-bills-ai-safety-accessibility?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
As the EU AI Act comes into effect, here’s what to expect
The EU AI Act takes effect on Aug. 1, introducing significant regulations for artificial intelligence through phased implementation and key compliance obligations. Source: https://cointelegraph.com/news/eu-ai-act-compliance-regulations-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
India's Web3 alliance tightens cybersecurity after Wazirx attack
The BWA’s initiatives highlight an increasing awareness of the importance of cybersecurity in preserving trust and integrity in digital finance. Source: https://cointelegraph.com/news/bharat-web3-association-cybersecurity-wazirx-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Grayscale’s GBTC ‘spin-off’ Bitcoin Mini Trust goes live on NYSE Arca
After launching its spot Bitcoin ETF in January 2024, Grayscale now diversifies its offering with a “spin-off” spot Bitcoin ETP. Source: https://cointelegraph.com/news/grayscale-bitcoin-mini-trust-nyse-launch?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
$35T US national debt could bolster Bitcoin’s adoption as ‘hard money’
Bitcoin could see a new all-time high due to the looming US federal debt, which surpassed $105,000 for every living person in the country. Source: https://cointelegraph.com/news/us-debt-bitcoin-adoption-hard-money?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Russian Diplomat: El Salvador Proposes Settling Trade With Crypto
El Salvador has proposed using cryptocurrency as an alternative payment method for trade with Russia. The Central American nation has reportedly expressed interest in joining the BRICS bloc and may formally apply for membership within one or two years. Ukraine-Russia Conflict Echoes in Central America El Salvador has proposed settling trade with Russia using cryptocurrency, […] Source: https://news.bitcoin.com/russian-diplomat-el-salvador-proposes-settling-trade-with-crypto/