What does Bitcoin smell like? AI startup wants to ‘teleport’ digital scents
The technology could also help detect diseases such as cancer. Go to Source
Month: August 2024
BitVM Version 2 Introduces New Era for Bitcoin L2 Scaling Solutions
On Aug. 15, 2024, the white paper for BitVM2 was published, outlining significant advancements in Bitcoin’s layer two (L2) capabilities. Building on the foundation laid by BitVM version 1, BitVM2 aims to bridge Bitcoin to second layers with improved scalability and security. New BitVM2 White Paper Introduces Advanced Solutions for Bitcoin L2 Scaling The original … Read more
Must-Have Cryptos: BlockDAG Steals the Spotlight as Hedera and Avalanche Investors Switch Gears
BlockDAG’s Explosive Bonuses Spark Frenzy as Hedera & Avalanche Prices Falter It’s been a wild week in the crypto market, with Hedera and Avalanche feeling the heat. Hedera (HBAR) has tanked over 22% since June, while Avalanche (AVAX) has nosedived by more than 5% just in the past week. With fear spreading like wildfire, investors … Read more
Bets on Harris Slide in Predictions Market After Her Price Controls Plan Sparks Controversy
In a twist of political fortunes, Vice President Kamala Harris, who had been leading in the race against former President Donald Trump for the 2024 election, saw her odds dip significantly after rolling out her economic plans. Over the past 72 hours on Polymarket, her chances have taken a hit, dropping four percentage points, while … Read more
UBS Urges Caution Despite Positive US Economic Data
UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially after weaker July jobs data. Investors are advised to wait … Read more
Bitcoin bulls should steer clear of new leveraged MicroStrategy ETF
Leveraged ETFs chronically underperform comparable investments. There are better ways to place bullish bets on Bitcoin than MicroStrategy’s new ETF. Go to Source
Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut
Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps) rate cut. Over on Polymarket, bettors are even more confident, showing an 82% chance of … Read more
Ethereum’s $300,000 Success and BlockDAG’s Bright Future
From $5,000 to $300,000 with Ethereum: Is BlockDAG the Next Big Crypto Opportunity? In 2017, an ambitious entrepreneur in India took a bold step by investing $5,000 in Ethereum after recognizing its future potential. As Ethereum gained widespread adoption, his investment flourished, transforming into a remarkable $300,000. This financial windfall not only allowed him to … Read more
Colorado Church group tokenizes $2.5M chapel
This may be the first tokenized church in the world. Go to Source
Meme Coins Lose Steam: $20 Billion Wiped From Market Since May
During the first half of 2024, meme coins took the spotlight, captivating the crypto world with their quirky charm. However, the hype appears to be cooling off as we move into the latter part of the year. According to Google Trends, searches for “meme coins” have significantly decreased, and since May 21, the meme token … Read more