[ad_1] The lead developer of memecoin Shiba Inu (SHIB) says that web3-based operating systems are now needed after banks and other networks suffered a massive global outage last week. In a new post on the social media platform X, Shytoshi Kusama says that a decentralized web3 operating system could counter events such as the latest outage, which saw marquee banks like JPMorgan, Chase, Bank of America and Wells Fargo experience major disruptions. “As the world [limped toward] the weekend crippled by one simple update, it becomes glaringly obvious that a new worldwide operating system is needed. One that isn’t reliant…
Author: dfrancis36
[ad_1] Ethereum is firm when writing, rapidly rising after slipping to around $2,800 earlier this month. As of writing, the second most valuable coin is up by over $24% and remains in an uptrend despite the scare of July 4 and 5. Ethereum Finds Strong Resistance At $3,500 Even as buyers expect ETH bulls to press on and push the coin above $3,700, a key resistance line, on-chain data shows that there is resistance. According to IntoTheBlock data on July 22, ETH has strong resistance at $3,500, which has been the case since July 16. At this level, 3.13 million…
[ad_1] Superstate, a blockchain-based asset management firm, has unveiled a new tokenized fund designed to generate yield through a popular “cash and carry” investment strategy. This innovative fund leverages the USCC token, an ERC-20 token on the Ethereum blockchain, to offer investors a unique way to profit from the cryptocurrency market. USCC Token and Carry Trade Strategy The USCC token aims to generate yield by engaging in a delta-neutral carry trade. This involves buying spot Bitcoin and Ether while simultaneously taking equivalent short positions in BTC and ETH futures. This strategy allows the fund to profit from the market without…
[ad_1] Bitcoin is firm when writing, floating higher and above $60,000. Even as the uptrend appeared labored and momentum waning, there are signs that all is well, at least from the profitability angle. 93% Of Bitcoin Addresses Are In The Money As of July 22, Bitcoin is stable and down roughly 8% from all-time highs of around $74,000. IntoTheBlock data showed that 93% of all addresses are in the green at spot rates. If anything, it is a major recovery and a turnaround, especially after the major sell-off of June and early July 2024, when prices plunged to as low…
[ad_1] Bitcoin (BTC-USD) is experiencing a significant surge, driven by a newfound wave of political support as former President Donald Trump prepares to address a bitcoin conference in Nashville this week. The price of bitcoin has risen by more than 13% over the past month, surpassing $68,000 in the last 24 hours and nearing its all-time high set earlier this year. Anticipated Regulatory Approvals Crypto investors are eagerly anticipating several developments, including the potential approval of exchange-traded funds holding ether (ETH-USD), the world’s second-largest cryptocurrency, by the Securities and Exchange Commission. These ETFs could make ether a viable asset for…
[ad_1] Mt. Gox, the defunct crypto exchange, has initiated another transaction as part of its ongoing repayment plan to creditors, this time moving a small amount of Bitcoin (BTC) to Bitstamp, another major exchange participating in the distribution of funds to Mt. Gox’s former users. Mt. Gox Trustee Continues Bitcoin Distribution According to the latest data from Arkham Intel, early this morning, wallet addresses associated with Mt. Gox transferred approximately 0.02 BTC each to eight different deposit addresses. These movements each represent a value of around $1,400 at current prices. Related Reading: Elon Musk Sports Bitcoin Laser-Eyes: Joining Trump At…
[ad_1] Digital assets manager CoinShares says that institutional crypto investors are going in heavy on the leading altcoin Ethereum (ETH). In its latest Digital Asset Fund Flows report, CoinShares says crypto investment products enjoyed $1.35 billion in inflows last week. “Digital asset investment products saw further buying with inflows of US$1.35bn last week, bringing the last 3 week run of inflows to US$3.2bn. ETP (exchange-traded product) trading volumes also increased substantially, up 45% week-on-week to US$12.9bn, but representing a lower than usual 22% of the broader crypto market volumes.” Source: CoinShares Regionally, the United States and Switzerland saw inflows of $1.3…
[ad_1] With audacious forecasts from experts predicting a significant price rise, Solana (SOL) is drawing interest from the cryptocurrency market. Solana, well-known for its scalable solutions and fast blockchain, is likely to have a breakthrough and maybe reach previously unheard-of levels. Related Reading Pennant Pattern Signals Bullish Continuation Ali Martinez, a well-known cryptocurrency and blockchain expert, has spotted on Solana’s weekly chart a so-called bull pennant shape. Often linked to positive arcs, this trend suggests that SOL may be getting ready for a big move up. When trend lines come together to make a symmetrical triangle after a big price…
[ad_1] With President Joe Biden stepping aside from the 2024 presidential race, Democrats have a unique opportunity to reset their crypto policy and potentially win over a significant portion of the crypto electorate. Analysts believe that Vice President Kamala Harris and other Democratic leaders can embrace this shift, challenging former President Donald Trump’s stronghold on crypto voters. Biden Administration’s Stance on Crypto For years, the Biden administration has maintained a strict stance on cryptocurrency, focusing on regulation by enforcement rather than crafting tailored regulations. Jake Chervinsky, a crypto lawyer and chief legal officer at Variant Fund, highlighted this issue on…
[ad_1] The story of human progress can be simplified into the story of increasing energy utilization. We harness energy to create order, both in terms of biology and society. Energy surpluses allow for every form of wealth creation, which in turn produce new technologies to effectively harness yet more energy. This truth has inspired famous concepts such as the Kardashev scale, which measures civilizations by their ability to harness energy resources towards useful ends. Compute is a natural continuation of this endeavor. Modern digital technology transforms ever greater quantities of electricity into advanced value-creating processes. The most recent surge in…