Ethereum’s dominance in decentralized application deposits compensates for the reduced onchain volumes, but what about ETH price? Source: https://cointelegraph.com/news/ethereum-dapp-volumes-drop-33-in-a-week-is-more-eth-price-weakness-ahead?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Cryptography startup Fabric raises $33M for new data privacy chip
Blockchain Capital and 1kx co-led the Series A round that will back the development of a new computing chip focused on data privacy. Source: https://cointelegraph.com/news/cryptography-startup-fabric-raises-33-million-new-data-privacy-chip?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Politics Powers Nearly 90% of Polymarket’s Trading Volume
With 77 days left before Election Day in the U.S., Polymarket could perhaps be viewed as an early winner, as political wagers account for an increasing portion of bets on the prediction platform. Approximately 88% of Polymarket’s volume this year has come from election-related markets, according to data compiled by Richard Chen, a former general partner at the crypto venture…
Tron Triumphs as Cardano Fades—ADA Drops From Crypto’s Top 10
Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S. dollar. Once […] Source: https://news.bitcoin.com/tron-triumphs-as-cardano-fades-ada-drops-from-cryptos-top-10/
Solana ETF 'still in play' despite Cboe filing removal — VanEck exec
VanEck is still advocating for its Solana ETF with regulators, said Matthew Sigel. Source: https://cointelegraph.com/news/solana-etf-still-play-despite-cboe-filing-removal-vaneck-exec?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Moody’s, Elliptic join forces for enhanced VASP risk screening
The companies will combine their strengths to provide enhanced virtual asset service providers screening ability. Source: https://cointelegraph.com/news/moodys-elliptic-partnership-vasp-screening-compliance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Procreate App Takes Stand Against Generative AI, Shunning Adobe’s Approach
“I really fucking hate generative AI,” James Cuda, CEO of Procreate, declared in a video posted on X, marking a clear stance on what his app company thinks about Generative AI technology. His statement marks a stark departure from the AI-embracing stance of competitors in the space. “I don’t like what’s happening in the industry, and I don’t like what…
Bitcoin fund inflows offset largest SOL outflows on record: CoinShares
According to CoinShares’ weekly report, year-to-date flows for all digital asset investment vehicles topped $22 billion in August. Source: https://cointelegraph.com/news/bitcoin-fund-inflows-offset-solana-outflows-coinshares?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Miner Greenidge Files Legal Complaint Against New York Regulator, Reports Q2 Earnings
Greenidge Generation Holdings Inc. has initiated legal action against the New York State Department of Environmental Conservation, challenging the denial of its air permit renewal. The company also reported its second-quarter financial results, highlighting cost reductions and ongoing business transformation. Greenidge Generation Challenges New York Permit Denial, Reports Q2 Performance Greenidge Generation Holdings Inc. filed […] Source: https://news.bitcoin.com/bitcoin-miner-greenidge-files-legal-complaint-against-new-york-regulator-reports-q2-earnings/
Bitcoin pinned below $60K — Is BTC consolidating or preparing for more downside?
Institutional spot Bitcoin ETF outflows and lowered Bitcoin miner profitability could be driving the current price drop Source: https://cointelegraph.com/news/bitcoin-pinned-below-60k-is-btc-consolidating-or-preparing-for-more-downside?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound