Tag: cryptocurrency
SingularityNET, Fetch.ai, and Ocean Protocol in Talks to Merge Tokens
Three prominent blockchain AI protocols, SingularityNET, Fetch.ai, and Ocean Protocol, are in discussions regarding a potential merger to create a unified digital asset known as the ASI token. This merger aims to facilitate the development of a decentralized AI platform, with the combined token estimated to be worth approximately $7.5 billion on a fully diluted basis.
GoMining Set to Roll Out Enhanced In-Platform Voting System
In a bid to bolster community engagement and transparency, GoMining, the leading decentralized finance (DeFi) platform, has announced the introduction of revamped in-platform voting mechanics. The move comes as part of the platform’s ongoing commitment to democratizing decision-making processes within its ecosystem.
Anticipating Sam Bankman-Fried’s Sentencing Hearing: What Lies Ahead
As the cryptocurrency community braces for the outcome of one of its most prominent figures, Sam Bankman-Fried, anticipation is rife ahead of his sentencing hearing scheduled for tomorrow. Bankman-Fried, the billionaire founder of the popular crypto exchange FTX, faces a pivotal moment as he awaits the decision on charges related to alleged regulatory violations and market manipulation. Here’s a closer look at what to expect from this highly anticipated legal proceeding.
Bitcoin Traders Prepare for Turbulence Amid Futures Gap
As Bitcoin continues its rollercoaster ride, traders are nervously eyeing a phenomenon known as the “futures gap,” which has historically led to significant price movements in the cryptocurrency market. With prices hovering near critical levels, investors are bracing for potential volatility ahead.
Bitcoin and Ethereum Remain Stable as Cryptocurrency Market Cools Off
Today, the cryptocurrency market experienced a slight cooldown, with its total market capitalization dropping by 1.14% to $2.76 trillion, as reported by Coingecko. This adjustment comes after significant movements in recent days, particularly with Bitcoin and Ethereum encountering resistance levels.
Munchables Project Hit by Massive Hacker Attack on Blast Platform
The Blast platform was rocked by a significant security breach as the Munchables project fell prey to a hacker attack, resulting in the loss of 17,400 ETH, equivalent to $62.5 million. Notably, ZachXBT closely monitored the perpetrator, identified by the address 0x6e…09c5, during the incident, marking it as the largest breach on Blast to date. Munchables has since taken action to track the transaction and prevent further unauthorized access.
Binance Philippines Users Rush To Liquidate Holdings
Following legal challenges in the Philippines, Binance, the main cryptocurrency exchange, is experiencing a chaotic moment as consumers hurry to dump their holdings at huge discounts. Meanwhile, the recent prohibition by the country’s Securities and Exchange Commission (SEC) has sparked a surge of activity among Binance investors, with reports showing significant USDT discounts and concerns about expensive on-chain costs.
Robert Kiyosaki’s Strategy for Building Crypto Wealth: Fractional Cryptocurrency
Bitcoin (BTC), the largest cryptocurrency, surged 5% over the weekend, reaching $67,500. With the Bitcoin halving event just three weeks away, investors are starting to build up their positions in preparation. Famous investor and writer Robert Kiyosaki has stated that he intends to increase his Bitcoin holdings by an extra 10 Bitcoin before April, driven by the upcoming halving event.
Bipartisan Agreement Emerges on Digital Assets in U.S. Elections
A few years ago, cryptocurrency firms were prominently featured in Super Bowl advertising, indicating a possible change toward general acceptance of cryptocurrencies as regular investment possibilities. As we all know, this didn’t work then. However, there are always grounds for optimism. Controversial sectors under examination in Washington have a tried-and-true strategy: persuade politicians that business is important to citizens, who will vote out legislators they perceive to be unfriendly.
Record Outflows Hit Cryptocurrency Investment Products
Crypto asset investment products witnessed a $942 million outflow last week, following a record seven-week influx of $12.3 billion. This discharge figure is also a record. New ETF issuers in the United States experienced a $1.1 billion influx. However, this largely compensated Grayscale’s massive $2 billion outflow last week. Let’s look at the specifics.