Bitcoin faced a challenging August, with its price dipping by 8.6%. Data shows that although 84 previously inactive bitcoin wallets became active last month, the total amount of vintage BTC spent was lower in August than in July. Specifically, dormant wallets spent around 2,291 BTC from addresses that hadn’t been touched between 2011 and 2017. […] Source: https://news.bitcoin.com/bitcoins-august-slump-dormant-wallets-stirred-but-vintage-btc-spending-slowed/
Month: September 2024
Crypto whales like Humpy are gaming DAO votes — but there are solutions
Despite promises of decentralization, DAOs remain at the mercy of large tokenholders whose inactivity can be just as dangerous as their involvement. Source: https://cointelegraph.com/magazine/whales-humpy-gaming-dao-votes-solutions/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘MemeFi’ Tips Guide: How to Earn the Most Coins in the Telegram Crypto Game
MemeFi is the latest Telegram tap-to-earn game to announce the initial details of its airdrop to players, with just over a month to go until MEMEFI tokens are handed out on October 9. With this news, however, there’s surely an influx of players joining the game for the first time, and veterans are no doubt looking to maximize their earning…
Amazon to revamp Alexa with Anthropic's Claude AI model: report
Amazon is set to overhaul its Alexa virtual assistant, integrating Anthropic’s Claude AI model to enhance its capabilities, with a new premium version scheduled to launch in October. Source: https://cointelegraph.com/news/amazon-to-revamp-alex-with-anthropic-s-claude-ai-model-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC Could ‘Challenge’ FTX Estate’s Proposal to Pay Creditors in Stablecoins
The U.S. Securities and Exchange Commission (SEC) has said it “reserves its rights” to object to proposals by FTX administrators to pay creditors in stablecoins. In a court filing released on Friday, the regulator said that it “is not opining as to the legality, under the federal securities laws, of the transactions outlined in the Plan and reserves its rights…
Qatar introduces regulatory framework for digital assets
Qatar’s Central Bank governor believes that the framework will bring opportunities to the country’s financial sector. Source: https://cointelegraph.com/news/qatar-financial-centre-digital-assets-regulation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ethereum Technical Analysis: ETH Price Hovers in Consolidation Zone
On September 2, 2024, ethereum was priced at $2,517, with a 24-hour intraday range of $2,407 to $2,531. Over the past week, its price fluctuated between $2,409 and $2,740, reflecting ongoing volatility. With a 24-hour trading volume of $14 billion and a market capitalization of $302.85 billion, ether’s market dynamics remain under pressure as it […] Source: https://news.bitcoin.com/ethereum-technical-analysis-eth-price-hovers-in-consolidation-zone/
New Web3 wallet rolls out decentralized crypto inheritance
DeTrust Wallet will enable the creation of complex inheritance plans, including the creation of designated spending funds. Source: https://cointelegraph.com/news/ubd-network-decentralized-inheritance-web3-wallet?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Technical Analysis: BTC Fails to Break Key Resistance Levels
On September 2, 2024, at 7:30 a.m. EDT, bitcoin’s price stood at $58,388, fluctuating within an intraday range of $57,257 to $58,698. With a trading volume of $29.57 billion and a market capitalization of $1.15 trillion, the leading crypto asset demonstrated significant volatility. Technical indicators reveal persistent downward momentum, suggesting that traders should remain cautious […] Source: https://news.bitcoin.com/bitcoin-technical-analysis-btc-fails-to-break-key-resistance-levels/
Solana Meme Coins Slump as Degens Ditch Pump.fun
Meme coins on Solana are some of the biggest losers over the past week as token launchpad Pump.fun fell out of favor, with the category as a whole dropping by 21.7% on the week, per data from CoinGecko. On Saturday, Pump.fun was responsible for 5,388 new tokens created on Solana, according to Dune data. To put this into perspective, just…