Bitcoin continues to trade near a crucial price level, with the downside appearing limited but a lack of bullish momentum evident. The leading cryptocurrency stands around the $65,000 to $66,000 mark, a critical onchain realized price that could either support the price or signal a correction, according to the latest analysis from Cryptoquant researchers. Cryptoquant:…
TL;DR Major cryptocurrencies like Bitcoin, Ethereum, and Ripple saw minor gains, while AI-related coins like Fetch.ai experienced double-digit pumps. On the other hand, the price of one meme coin collapsed by 35% daily and 80% weekly following massive sell-offs by large investors. The Freefall The cryptocurrency market has flashed green in the past 24 hours,…
TLDR Ilya Sutskever, co-founder and former chief scientist of OpenAI, has launched a new AI startup called Safe Superintelligence Inc. (SSI). SSI aims to create a safe and powerful AI system, prioritizing safety over commercial pressures and product cycles. Sutskever is starting the company with Daniel Gross, a former AI lead at Apple, and Daniel…
[PRESS RELEASE – Seoul, South Korea, June 20th, 2024] Qubic, an open-source community and blockchain platform developing AI infrastructure, and Bored Ape Yacht Club (BAYC) Community in Seoul, the prominent NFT community, are set to co-host an event on Friday, June 28th, at Bored & Hungry in Seoul, South Korea. Bringing together enthusiasts from both…
A Nigerian court dismissed a human rights violation lawsuit filed by the fugitive Binance executive, Nadeem Anjarwalla, against law enforcement agencies. In his ruling, Judge Inyang Ekwo reportedly cited Anjarwalla’s lack of legal representation as one of the reasons for dismissing the lawsuit. Binance Exec’s Lack of Representation Leads to Lawsuit Dismissal A Nigerian Court…
The cryptocurrency market remains volatile, with Ripple (XRP) and Cardano (ADA) struggling to regain momentum. Ripple (XRP) has shown resilience but stays in a bearish range, despite briefly surpassing $0.5. Technical indicators suggest this trend will continue, with little sign of a bullish reversal. Cardano (ADA) has seen stagnant price action, failing to break past…
TLDR DeFi Technologies’ stock dropped nearly 28% after a CoinSnacks report claimed the company’s stock wasn’t rallying for the right reasons. The report alleged that DeFi Technologies launched questionable email campaigns and paid crypto influencers to promote the stock. DeFi Technologies slammed the report as “defamatory” and “misleading,” accusing it of being commissioned by short-sellers…
Bitcoin’s dull price actions continued in the past 24 hours as the asset’s most notable increase came in the form of a $800 gain to almost $66,000 earlier today. The altcoins are mostly with minor gains today. TON, NEAR, and RNDR lead the way, but even they have been massively outperformed by Fetch.ai’s FET. BTC…
TL;DR The legal battle continues with the resignation of SEC’s Chief of Crypto Asset and Cyber Unit, David Hirsh, as the trial phase progresses. The regulator reduced its proposed fine from $2 billion to $102.6 million, while Ripple insists on a maximum of $10 million. What’s New? The longstanding legal battle between Ripple and the…
TLDR Kraken discovered a bug that allowed users to artificially inflate their balances and withdraw funds without completing deposits. CertiK, a blockchain security firm, identified itself as the “security researcher” that exploited the bug and withdrew nearly $3 million from Kraken’s treasuries. Kraken claims CertiK refused to return the funds until the exchange provided an…