A new report from Kaiko assesses the impact of large BTC sales, and others share their outlook for the months ahead. Source: https://decrypt.co/247243/excess-supply-of-bitcoin-could-keep-pushing-btc-down-experts-say
Month: August 2024
Nigeria Approves Two Crypto Exchanges, Warns Against Patronizing ‘Illegal Operators’
The Nigerian Securities and Exchange Commission (SEC) has granted “approval-in-principle” to Busha Digital and Quidax Technologies, the first digital asset exchanges to operate in the country. Additionally, four digital asset offering platforms and one custodian have been admitted to the regulatory incubation program to test their technology. The SEC has cautioned the Nigerian public to […] Source: https://news.bitcoin.com/nigeria-approves-two-crypto-exchanges-warns-against-patronizing-illegal-operators/
Amazon Taps Anthropic’s Claude AI to Revitalize Alexa: Report
Amazon will use Anthropic’s Claude AI to help power the next generation of Alexa—internally dubbed “Remarkable Alexa or Projet Banyan”—according to information shared with Reuters by sources familiar with the matter. The revelation comes after Amazon’s proprietary large language model reportedly fell short of expectations, with prototype versions of the new Alexa struggling to process queries efficiently. Reuters reports that…
Bitso Report Shows Argentines Leading Stablecoin Adoption in Latam
A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to use and purchase stablecoins over other cryptocurrencies. Six out of every ten cryptocurrency purchases in Argentina involved stablecoins during Q1 and Q2, as these are used as a hedge against inflation and devaluation. Bitso: […] Source: https://news.bitcoin.com/bitso-report-shows-argentines-leads-latam-in-stablecoins-adoption/
Scientific paper argues Bitcoin mining can reduce methane emissions
According to a United Nations report, Methane gas runoff is “80 times more harmful than CO2 for 20 years after it is released.” Source: https://cointelegraph.com/news/scientific-paper-argues-bitcoin-mining-can-reduce-methane-emissions?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Can TON Even Handle the ‘Hamster Kombat’ Telegram Game Airdrop?
Telegram tap-to-earn game players got exciting news this week, as the developers of viral crypto game Hamster Kombat announced that the HMSTR token launch is now set for September 26 on The Open Network (TON), following a delay from the original target of July. But that announcement was couched by plenty of less appealing news around the network. Last weekend,…
Bitcoin price volatility expected at Fed September FOMC meeting — Here’s how to prepare
Bitcoin traders expect BTC to rally if the Fed rolls out a 0.50% rate cut, but hedging these bullish positions is also necessary. Here is how it’s done. Source: https://cointelegraph.com/news/how-bitcoin-pro-traders-are-prepping-for-september-fomc-meeting?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses
On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low of $2,495, but it later bounced back, crossing the […] Source: https://news.bitcoin.com/pce-report-triggers-gold-slide-analyst-warns-fed-rate-cut-could-deepen-losses/
OpenAI to expand ‘capped for-profit’ status to woo whale investors — report
The change comes amid reports the firm plans to hold an investment round at a valuation of more than $100 billion. Source: https://cointelegraph.com/news/open-ai-expand-capped-for-profit-status-to-woo-whale-investors-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trump Leads Harris by 12 Points Among Crypto Owners: Poll
A new poll from Fairleigh Dickinson University (FDU) finds that likely voters who own cryptocurrencies—about one out of every seven registered voters—favor former President Donald Trump in the upcoming presidential election by 12 points. These results come as Trump and new ally Robert F. Kennedy Jr. have recently doubled down on support for crypto. “Trump has been reaching out to…