Good news means bad news? Bitcoin shrugs off weakest US dollar of 2024
Bitcoin price action seems uninterested in rapidly declining US dollar strength, as a shock payroll revision adds to DXY pressures. Go to Source
Month: August 2024
Bitcoin ‘parabolic’ rally may start in Q4, according to historical price data
Q4 could be a blockbuster moment for Bitcoin price as a multi-year historical price trend holds up. Go to Source
Zimbabwe’s Gold-Backed Currency Sees Gains, but US Dollar Remains Dominant
Zimbabwe’s gold-backed currency, the ZIG, has seen a significant increase in usage since its introduction in April. While the U.S. dollar remains the dominant currency for most citizens, the ZIG is used for 40% of payments and 80% of government transactions. The government aims to eventually replace the U.S. dollar with the ZIG as the … Read more
PIP Labs secures $80M for Story Protocol, valuation hits $2.25B
Story Protocol’s Series B was co-led by a16z Crypto and Polychain Capital. The funds were targeted at developing its layer-1 blockchain, designed for intellectual property tokenization. Go to Source
Dormant Bitcoin Wallets From 2013 and 2014 Come Alive Moving $20.3M
As bitcoin hovers just below the $60,000 mark, two long-dormant bitcoin wallets, untouched since 2014 and 2013, sprang to life, moving a total of 342.59 BTC, valued at $20.3 million at today’s rates. 2 Vintage Bitcoin Wallets Suddenly Awaken, Moving $20.3 Million On Wednesday, a bitcoin wallet that had been inactive since Aug. 18, 2014—almost … Read more
A few lessons I learned as an institutional trader
As an institutional trader, I learned not to borrow too much in leverage from the exchange I was trading on, and to be right more often than I was wrong. Go to Source
BlackRock’s iShares Ethereum Trust approaches $1B in net inflows — Morningstar
ETHA will be the first Ether exchange-traded fund to crest the $1 billion mark. Go to Source
Kaspa and Alephium Mining Gain Traction as Bitcoin’s Hashprice Remains Low
While Bitcoin is widely recognized as a proof-of-work (PoW) network, it’s not necessarily the most profitable PoW asset to mine. With Bitcoin’s hashprice being relatively low, miners have been increasingly turning their attention to mining alephium (ALPH) and kaspa (KAS). These two digital currencies currently offer the highest profitability for miners, according to the latest … Read more
‘Algorithm choice’ can fix social media — but only on decentralized platforms
Jack Dorsey says a marketplace of algorithms could fix toxic social media — but centralized platforms won’t give up their control easily. Go to Source
Candidate and AI bot come in 4th in Cheyenne’s mayoral primary
The VIC bot and its “meat avatar,” Victor Miller, got 327 votes in Cheyenne, losing a primary election to incumbent Mayor Patrick Collins and two others. Go to Source