Category: Latest news
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Long-term holders seem unfazed by Bitcoin’s dip to $29K
[ad_1] The recent drop in Bitcoin’s price to $29,200 has sparked significant liquidations, with the market witnessing nearly $50 million in realized losses, most coming from short-term holders. The behavior of long-term holders (LTH) and short-term holders (STH) is crucial to understanding market dynamics. LTHs are those who have held their Bitcoin for more than 155…
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Texas heatwave triggers downward spiral in Bitcoin mining operations
[ad_1] Quick Take Bitcoin difficulty has seen a downward adjustment of 3% today. Remarkably, this marks the ninth negative adjustment in difficulty over the last year. Impacts of Texas Heatwave on Hash Rate The recent negative trend in difficulty adjustments can be partly attributed to the intense summer heatwave experienced in Texas. This weather phenomenon…
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Singapore High Court declares cryptocurrency as property, rules in favor of ByBit in trust case
[ad_1] A Singaporean High Court has ruled that cryptocurrency is a property capable of being held in trust, according to a July 25 ruling. ByBit vs. Miss Ho The court reached this decision in a case involving Seychelles-based crypto exchange ByBit which alleged that a contractor Miss Ho Kai Xin, breached the terms of her…
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AI companies lobby for open-source support in EU’s upcoming regulations
[ad_1] Several tech and AI companies, including GitHub and HuggingFace, have written to European policymakers asking them to offer more support for the open-source development of artificial intelligence (AI) models, The Verge reported on July 26. In the paper, which contains a list of recommendations for the European Parliament, the companies asked for clearer definitions,…
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Craig Wright unable to provide sufficient evidence of funds in latest Satoshi court case
[ad_1] In the latest legal chapter of the ongoing Satoshi Nakamoto identity saga, self-proclaimed Bitcoin creator Craig Wright has been unable to satisfy a U.K. High Court judge that he has sufficient funds to cover potential legal costs in his lawsuit against cryptocurrency exchanges Coinbase and Kraken. Wright is suing the exchanges for trademark infringement,…
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Bitcoin derivatives market trends | CryptoSlate
[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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Hong Kong based stablecoin FDUSD goes live on Binance with monthly audits
[ad_1] Hong Kong-based First Digital Group announced on July 26 that its stablecoin, First Digital USD (FDUSD), has been listed on Binance, the world’s largest cryptocurrency exchange by volume. As one of Asia’s leading qualified custodians, First Digital Trust is part of the First Digital Group, which includes FD121, the entity under which FDUSD has…
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Op-ed: Let’s talk about Gitcoin
[ad_1] Since 2020, crypto has seen dramatic prices, adoption, and attention swings. However, one term integral to the success of web3 has seemingly stagnated – ‘open-source funding.’ Google News articles related to open-source funding have remained flat, along with searches for the biggest player in the space, Gitcoin. For comparison, the term ‘web3’ has hovered…
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Google and Microsoft describe AI prospects in latest earning reports
[ad_1] Alphabet — the parent company of Google — and Microsoft both described their artificial intelligence (AI) prospects in quarterly earnings reports on July 25. Google calls itself an AI leader Sundar Pichai, CEO of Google and Alphabet, said: “Our continued leadership in AI and our excellence in engineeringand innovation are driving the next evolution…
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Ripple CLO says XRP ruling bodes well for Coinbase, Binance SEC cases
[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…