Ethereum co-founder Vitalik Buterin recently shared an update on social media, summarizing the latest research on Ethereum block-building as of August 7, 2024. Buterin highlighted a consensus among researchers that having multiple actors contribute transactions to be included in a block is beneficial. However, there remains an open debate on whether it is possible to…
TL;DR Ripple’s XRP saw a significant drop to $0.43 but quickly rebounded to $0.51, with active XRP accounts increasing by 45% on a 24-hour scale. Analysts envision a potential bull run for the asset, but some caution that staying below the $0.54 EMA could be followed by another pullback. This Indicator Headed North Ripple’s XRP…
Bitcoin’s price recovery continues in full force as the asset has recovered more than seven grand since the multi-month low charted on Monday. The altcoins are also performing better, with SOL emerging as the top gainer from the larger-cap cohort, while WIF has soared by nearly 30%. BTC Back to $57K A lot can and…
The U.S. Securities and Exchange Commission (SEC) has opposed Coinbase’s motion to compel discovery in a case where the SEC alleges Coinbase violated federal securities laws by failing to register its operations and services. Coinbase’s extensive discovery demands include internal SEC communications, inter-agency communications, and all documents related to digital assets, which the SEC deems…
[PRESS RELEASE – Dubai, United Arab Emirates, August 7th, 2024] Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced an unprecedented milestone, achieving an all-time high daily trading volume of over 107 billion earlier this week. This remarkable figure represents a staggering four times increase compared to Bybit’s daily average trading volume of 25…
PRESS RELEASE. Singapore, 7 August 2024 – KIP Protocol, the Web3 base layer for AI, announces the unanimous approval of its OCP-12 DAO proposal. This landmark decision allocates $10 million to KIP Protocol to reshape education through AI and Web3 technologies. In a strategic collaboration with Open Campus, KIP Protocol aims to impact over 250…
TLDR Solana (SOL) price has recovered significantly, rising over 35% in less than 48 hours. SOL reached $149.61, up from a low of around $110 earlier in the week. The SOL/ETH ratio hit a new all-time high, with SOL outperforming ETH in recent price recovery. Analysts attribute the recovery to overall market sentiment improving after…
TLDR Core Scientific announced an expanded deal with CoreWeave worth $6.7 billion over 12 years. The company will provide an additional 112 megawatts of computing infrastructure to CoreWeave. Core Scientific’s shares rose by 18% following the announcement. The deal represents a shift from bitcoin mining to AI infrastructure for Core Scientific. CoreWeave will finance the…
TLDR Peter Schiff criticized Bitcoin ETFs, saying they defeat the purpose of owning Bitcoin directly. Schiff argued ETFs make Bitcoin centralized, easily seized, and unusable for payments or cross-border transfers. Some Bitcoin supporters agreed with Schiff’s points about the benefits of owning Bitcoin directly. Schiff warned that ETF buyers only care about price, not Bitcoin’s…
Despite clearly articulating reasons for de-dollarization in the Global South, African leaders will struggle to convince residents to embrace national currencies without changing economic management practices. People often lose confidence in a currency when a central bank excessively prints money to pay debts and other obligations. De-Dollarization Hype Not Backed by Practical Action Sometime in…