Category: Latest news
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Paul Tudor Jones concerned U.S. is in ‘untenable fiscal position’ as it faces greatest challenges since WWII
[ad_1] Paul Tudor Jones, the billionaire hedge fund manager and founder of Tudor Investment Corporation, has voiced significant concerns about the current state of the stock market. In an interview with CNBC’s Squawk Box, Jones drew attention to escalating geopolitical risks and a deteriorating US fiscal position: “It’s a really challenging time to want to…
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Bitcoin’s hash rate surges as 2024 halving draws near
[ad_1] Quick Take Bitcoin’s hash rate, an essential indicator of network health and security, is in a robust upward trajectory, comfortably exceeding the 400 exahashes per second (eh/s) mark on a 30-day moving average. Recent data reveals a notable surge over the weekend with a near-record single-day hash rate of just below 500 eh/s, second…
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FCA restricts Binance’s UK partner’s ability to approve crypto ads
[ad_1] The United Kingdom’s Financial Conduct Authority (FCA) has restricted Binance’s local partner, Rebuildingsociety.com, from approving financial promotion content from an ‘unauthorized’ persons. Per information on the regulator’s website, Binance’s UK affilate, Rebuildingsociety.com, must rescind any prior approvals granted to unlicensed entities. The FCA further directed the company to notify its clients that it cannot…
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Alameda Research may have minted up to $40B of Tether’s USDT: Report
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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a fresh perspective on Bitcoin’s valuation
[ad_1] At only 14 years old, Bitcoin’s novelty and volatility make it difficult to price day-to-day. However, as it matures into a new asset class, Bitcoin has become the subject of refined pricing and valuation techniques. The realized price represents the average cost at which all current Bitcoin holders bought their coins. Essentially, it provides…
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Web3 community launches crypto humanitarian campaign for Israel
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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New BitVM proposal brings Ethereum-style contracts to Bitcoin
[ad_1] Bitcoin (BTC) developer Robin Linus has introduced an innovative approach to enable arbitrary computation on Bitcoin through BitVM, without needing a soft fork. Linus’s proposal, titled “BitVM: Compute Anything on Bitcoin,” outlines a method for Bitcoin to incorporate Ethereum (ETH)-style smart contracts. This proposal highlights how BitVM can help the BTC network facilitate Turing-complete…
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Rise of the shrimp and crabs: Small-scale bitcoin owners on the rise
[ad_1] Quick Take Recent data analysis reveals that, as the BTC on exchange balance continues to dwindle, now currently sitting at roughly 2.3 million, there’s a concurrent rise in the balance size of the smaller ownership groups, specifically the “shrimps” and “crabs.” These crypto creatures own less than 1 and 10 BTC, respectively. Currently, exchange…
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Bitcoin regains market dominance while Ethereum and BNB hit new cycle lows
[ad_1] Quick Take Recent market data underscores a significant shift in cryptocurrency dynamics as Bitcoin’s dominance over altcoins, like Ethereum and BNB, surges forward. Yesterday marked a notable sell-off in altcoins, encompassing all cryptocurrencies besides Bitcoin. This sell-off has led to Binance Coin (BNB) and Ethereum (ETH) reaching new lows against Bitcoin this cycle. When…
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Caroline Ellison’s testimony expected to dominate the second week of SBF’s trial
[ad_1] The ongoing fraud trial of Sam Bankman-Fried (SBF) is set to witness potentially game-changing testimonies this week as former Alameda Research CEO and one-time romantic partner of SBF, Caroline Ellison, is set to take the stand on Oct. 10. The testimony could offer the most in-depth and potentially damaging revelations about FTX and Alameda’s…