Historical on-chain data shows that high bitcoin (BTC) demand often precedes price recoveries and rallies; however, this is not the case at the moment. Current market dynamics suggest that such price movements are unlikely in the near term because BTC demand growth has remained at low levels. A recent report from CryptoQuant revealed that bitcoin…
Bitcoin’s positive price actions on Friday evening continued in the past 12 hours or so and the asset touched $65,000 for the first time since August 3. Several altcoins have produced impressive gains as well within the same timeframe, with SATS surging by 25%, followed by FET (19%), and SUI (15%). BTC on the $65K…
Crypto exchange Binance plans to hire 1,000 new employees this year, primarily for compliance roles, as regulatory spending exceeds $200 million. CEO Richard Teng highlighted the company’s commitment to bolstering its compliance operations amid increased regulatory scrutiny and ongoing legal challenges. Binance to Expand Workforce With 1,000 New Hires Amid Regulatory Scrutiny Binance CEO Richard…
Cursor, an artificial intelligence (AI) company that seeks to “create a magical tool with the aim of writing all of the world’s software,” has announced it has raised $60 million in its Series A funding round. The round had the participation of Andreessen Horowitz, Thrive Capital, Openai, and many others, and gave the company a…
TL;DR TRX surged to over $0.16 earlier this week, becoming the 11th largest cryptocurrency, likely boosted by activity from the SunPump protocol. The token’s price is gradually approaching its all-time high, with further growth dependent on market conditions and potential partnerships. TRX’s Impressive Rally TRX – the native token of Tron – has been among…
The Malaysian police are destroying Bitcoin mining rigs as part of a broader crackdown on crypto miners who steal electricity for their operations. A report from local media, Malaysia Gazette, disclosed that the police headquarters in the Perak District crushed 985 mining rigs worth RM1.98 million ($452,500) earlier this week. A video on the platform’s…
China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also advancing collaboration in artificial intelligence, sustainable development, and global governance. China and Russia Strengthen…
The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather feedback on effective regulation. India is emphasizing the importance of international…
In the rapidly expanding universe of cryptocurrencies, presales have emerged as a golden opportunity for early investors seeking to capitalize on projects with high growth potential. As the competition for the best crypto presale projects in 2024 intensifies, three contenders have surfaced as strong candidates for investor attention: PawFury, Neiro Ethereum, and MoonBag (MBAG). Each…
The United States is urging countries to collaborate on the responsible use of artificial intelligence (AI) in military applications. A senior State Department official, Mallory Stewart, emphasized the need for countries to agree on AI guidelines that align with international laws. Concerns about the potential negative consequences of AI in military applications, such as prolonged…