Category: Latest news
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Binance sees nearly $2B inflow amid exit of key executives
[ad_1] Binance saw nearly $2 billion in inflows in the last 24 hours, according to DeFillama data, despite the alleged FUD surrounding the exit of its key executives. Binance TUSD’s balance skyrockets. The inflow can be attributed to the massive spike in the exchange’s TrueUSD (TUSD) balance during the last 24 hours. TUSD’s balance on Binance…
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Unemployment rate stays at historic lows, Bitcoin jumps 1.5%
[ad_1] Quick Take Data from Zerohedge on U.S. data June nonfarm payrolls 209K, Exp. 230K, Last 339K Unemployment rate 3.6 %, Exp. 3.6%, Last 3.7% Average hourly earnings 0.4%, Exp. 0.3%, Last 0.4% Average weekly hours all workers 34.4, Exp. 34.3, Last 34.3 Bitcoin up 1.3%, $30,300 BTCUSD: (Source:TradingView) The post Unemployment rate stays at…
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Riot leverages Texas power strategy to fund operations as BTC balance increases
[ad_1] Riot Platforms, Inc. recently reported its June 2023 Bitcoin mining performance, revealing that it produced 460 Bitcoin while executing an effective power strategy. The mining firm produced 40% fewer Bitcoin in June, mining just 460 BTC compared to 757 BTC in May. Metric June 2023 May 2023 June 2022 Month/Month Year/Year Bitcoin Produced 460…
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GPT-4 API now available to all, as OpenAI goes all-in on chat
[ad_1] The global tech industry is witnessing a milestone as the much-anticipated GPT-4 API from OpenAI becomes widely accessible to all paying customers. The GPT-4 API has been desired by developers worldwide since its introduction in March, but to date, it has only been available to select customers. Now, these developers will have the opportunity to…
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Shifting distribution trends among bitcoin ‘whale’ holders
[ad_1] Quick Take Examining Bitcoin, from a cohort perspective, currently bears a striking resemblance to the period following the SVB collapse back in March. The accumulation and distribution pattern among different groups of Bitcoin holders seems to be repeating itself. For the past few weeks, ‘whale’ holders – those with 10,000 Bitcoins or more –…
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Surge in Ruble-based BTC, USDT volume as Dollar strengthens over RUB
[ad_1] Quick Take During the recent attempted Russian coup, CryptoSlate reported a surge in both Bitcoin (BTC) and Tether (USDT) volumes paired with the Russian Ruble (RUB). Interestingly, this trend seems to be resurfacing. As of today, July 7, the daily trading volume for the BTC/RUB pair has soared, exceeding $2 million. This marks the…
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Elon Musk says that China is ‘going to be great’ at AI development
[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 ERC-20 token VMPX triggers Ethereum burn spike, consumes $3M in gas fees in 24 hours
[ad_1] VMPX, a newly launched ERC-20 token, is responsible for over 30% of all Ethereum (ETH) burns in the last 24 hours, according to data from Ultrasound.money. Source: Ultrasound.money Software engineer 0xCygaar first called attention to the project, claiming its minting contract had no purpose except to increase the network’s overall gas usage. “The top…
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Twitter says Threads stole its IP, sends legal threat to Facebook parent Meta
[ad_1] Twitter has sent a legal warning to its competitor Meta, Semafor said on July 6. Meta — the parent company of Facebook and Instagram — previously launched its Threads app. The product has been widely described as Twitter competitor or “Twitter killer,” something that Twitter itself has taken note of. Alex Spiro, a lawyer…
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Israeli crypto bill aims to clarify regulations and attract foreign investors with new tax incentives
[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…