Onchain data provider IntoTheBlock shared that 28.9% of all Ether had now been staked. Source: https://cointelegraph.com/news/eth-users-stake-28-percent-supply-long-term-confidence?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
WAP crypto token promoted by Cardi B traced to scam origins
Cardi B’s WAP memecoin launch stirs controversy as crypto investigators link the wallet address to past scams and rug pull projects. Source: https://cointelegraph.com/news/cardi-b-wap-crypto-scam-wallet-address?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Boerse Stuttgart-owned Bison launches insured Ethereum staking service
Bison has partnered with Munich Re and Staking Facilities to offer insured Ether staking, covering risks like slashing and fraud. Source: https://cointelegraph.com/news/bison-stuttgart-launches-insured-eth-staking?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Microstrategy Stock MSTR Set to Surge by 64% on Bitcoin Investment Bet, Analysts Say
Microstrategy’s stock is expected to soar by 64%, fueled by its bold bitcoin investment strategy, according to Bernstein analysts. Michael Saylor’s leadership and the company’s vast BTC holdings, valued at $16 billion, have played a pivotal role in its performance. However, challenges such as net losses and bitcoin volatility could complicate this forecast, despite a […] Source: https://news.bitcoin.com/microstrategy-stock-mstr-set-to-surge-by-64-on-bitcoin-investment-bet-analysts-say/
AI can compose good music, but humanity still holds the creative baton
As creators worry about AI’s impact on their livelihoods, a panel at the WCIT 2024 conference in Yerevan, Armenia, highlighted how humans are still the maestros of creativity. Source: https://cointelegraph.com/news/ai-can-compose-good-music-but-humanity-still-holds-the-creative-baton-wcit-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Here’s Why FTX Repayments Won’t Be Super Bullish for Markets, According to Analysts
Retail investors’ enthusiasm over FTX’s court-approved bankruptcy plan may be premature, according to a new note from Presto Labs. In it, the analysts question whether the $16 billion in cash repayments to creditors, as part of the plan, will even flow back into the crypto market. The United States Bankruptcy Court for the District of Delaware on Monday gave a…
Bitcoin due 'capital reallocation' as China halts stimulus — Analysis
Bitcoin should paradoxically gain from China’s stimulus rethink, but “near-term downside” risks remain for risk assets. Source: https://cointelegraph.com/news/bitcoin-capital-reallocation-china-halts-stimulus-analysis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Hip Hop Artist Ty Dolla $ign Drops $420K on Tron Meme Coin Sundog
Grammy-nominated rapper Ty Dolla $ign marked his entry into the meme coin space by dropping 3.2 million TRX, approximately $502,000, into Sundog ($SUNDOG), a meme coin built on the TRON blockchain on Monday. The rapper’s move followed a series of tweets and light-hearted banter with American professional boxer and Sundog aficionado Ryan Garcia, who encouraged him to “bet on Sundog.”…
Arrington Capital-backed RedStone launches Bitcoin staking oracles
Without Bitcoin staking oracles, BTC-based liquid staking tokens can be only used to provide liquidity on DEXs, according to RedStone co-founder Marcin Kaźmierczak. Source: https://cointelegraph.com/news/redstone-bitcoin-staking-oracles-defi-lending?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Texas Mayor Ward Roddam Reveals How Bitcoin Resurrected Rockdale’s Economy
Ward Roddam, mayor of the City of Rockdale in Texas, explained how the arrival of bitcoin mining revitalized the city’s economy. In a recently published opinion piece, Roddam noted that bitcoin miners took advantage of the energy infrastructure left by Alcoa, an aluminum plant that closed in 2008 due to rising energy costs and regulations. […] Source: https://news.bitcoin.com/texas-mayor-ward-roddam-reveals-how-bitcoin-resurrected-rockdales-economy/