Ether and altcoin price outlook positive after SEC drops investigation
The SEC has withdrawn the case to prove Ethereum is a security. Now that the waters have been cleared, what is ahead for Ether’s price? Go to Source
Month: June 2024
Arthur Hayes: Japanese Banks in Crisis Over Dollar-Yen Carry Trade Failures
Japanese banks, once secure in their financial strategies, are now facing severe challenges due to shifts in global monetary policies, as outlined by Bitmex co-founder Arthur Hayes in his latest blog post. These institutions are caught in a cycle of low yields and high hedging costs, which dramatically impact their operations and financial stability. Japanese … Read more
Centralized crypto exchanges are key for mass adoption, despite FTX collapse
Hybrid, non-custodial exchanges could help restore industry trust in crypto but CEXs remain key for onboarding new users. Go to Source
Bitcoin Mining Made Easy: How GoMining Leads the BTC Adoption Through Redefining the Industry’s Accessibility
As Bitcoin enters a new cycle following the halving event in April 2024, the landscape of Bitcoin mining continues to evolve. Mining plays a crucial role in maintaining the sustainability of the Bitcoin ecosystem, yet the industry has transformed significantly over the years. Dominated by large-scale players, the barriers to entry for individual miners have … Read more
Neo and Phoenix Join Forces: Skynet to Power New Era of AI-Enhanced Blockchain Technology
Neo has announced a partnership with Phoenix, a decentralized Artificial Intelligence (AI) infrastructure provider. This collaboration aims to blend AI with Neo’s blockchain infrastructure, marking a significant advancement in decentralized AI technology. The partnership will focus on the development of AI-enabled blockchain tooling on Neo X, an EVM-compatible sidechain, and will leverage Phoenix’s AI technology … Read more
Javier Milei Reiterates Several Currencies, Including Bitcoin, Will Compete in Argentina
President Javier Milei took to social media to re-explain the currency plans for Argentina. Answering a post mentioning bitcoin, Milei stated that anyone wishing to use bitcoin will be able to do so, given that there will be currency competition in the country. “You can also use other units such as WTI, BTU, and the … Read more
What is Tether’s gold-backed stablecoin, ‘Alloy’ (aUSD₮)?
Alloy by Tether introduces a new class of digital assets called tethered assets, designed to track the price of various assets using robust stabilization mechanisms. Go to Source
Pyth ploys DeFi lending overhaul with Morpho, Gauntlet partnership
Pyth Network teams up with Morpho and Gauntlet to enhance lending protocols on Ethereum and Base using low-latency price data. Go to Source
Customers protest exchange bankruptcy plan: ‘We never gave FTX our coins!’
A committee representing the interests of FTX customers is pushing back against a proposed bankruptcy plan, claiming that it violates their property rights. Go to Source
Bitcoin Technical Analysis: BTC Faces Continued Downtrend Amidst High Selling Pressure
Bitcoin’s price continues its downward trajectory, coasting along at $63,950 per unit on June 21, 2024. Despite showing potential entry points, the market is experiencing significant selling pressure across all time frames. Technical indicators suggest a cautious approach for traders as bearish trends dominate the charts. Bitcoin In the short term, the 1-hour chart indicates … Read more