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At present, the price of bitcoin is $41,106, marking a significant climb from its 24-hour low of $39,538 and peaking at $41,474. This upward movement signifies a 3% gain within the last day, reflecting a surge of optimistic sentiment among investors in the short term. Yet, when expanding the view to include a broader timeframe, the picture shifts: there’s a marginal 0.5% decrease over the previous week, a more pronounced 10% fall in the past fortnight, and an aggregate drop of 4.3% since the preceding month. Bitcoin As of Friday, bitcoin’s market capitalization stands impressively at $806 billion, bolstered by a vigorous 24-hour trading volume of $21.44 billion. A glance at the 1-hour chart reveals bitcoin’s recent upward trajectory, marked by significant price increases underpinned by strong trading volume, vital for maintaining this upward trend. However, recent declines hint at a moderate retraction from its highest point, likely a standard correction after a steep rise. The 4-h...

With the launch of Apple’s Reality Pro headset just a few days away, Augmented Reality (AR) is the topic on everyone’s minds. But the buzz isn’t baseless – the possibilities of AR technology are breathtaking! Fancy the new MSG Sphere in Las Vegas? Imagine having one in your own backyard! But beneath this surface-level spectacle, AR presents a major paradigm shift in technology and introduces several potential threats. AR will add exciting new dimensions to our physical world, but we need to build the infrastructure to ensure they are equitable and resistant to manipulation. The following is an opinion editorial written by Markus Levin , the co-founder of XYO Network , a technology protocol designed to improve the validity, certainty, and value of data. As a blockchain pioneer and industry visionary, he is known for his integral role in shaping the introduction and growth of oracle technology in decentralized finance. What Are AR ‘Layers’? Simply put, AR layers are virtual content o...

Core DAO, the foundation supporting Core Chain protocol, said on Jan. 24 that it has launched a fund to “provide resources and networks to support African Web3 builders.” Brendan Sedo said since much of Core DAO’s community is in Africa, it therefore made sense to launch a fund that supports the continent’s Web3 builders. More Than Just a Regular Fund Core DAO, the foundation behind the decentralized protocol Core Chain, recently announced the launch of a $5 million fund to support blockchain builders and projects in Africa. According to the foundation, qualifying projects or individuals are expected to access the fund via grants, builder programs, technical resources, and venture capital investments. Remarking on the fund dubbed Core African Innovation Fund, Rich Rines, an initial contributor at Core DAO, suggested that the fund’s launch is a testament to how the crypto market has evolved in Africa. He also explained why the Core African Innovation Fund is more than just a regul...

Based on the latest data, the recently introduced spot bitcoin exchange-traded funds (ETFs) experienced their lowest trading volume day since Jan. 11, 2024, recording roughly $1.28 billion in volume on Wednesday. Additionally, figures indicate that Grayscale’s Bitcoin Trust GBTC has offloaded another tranche of bitcoins, totaling 13,178.50 bitcoin valued at $527 million, in the last 24 hours. Spot Bitcoin ETFs Hit Lowest Volume Since Jan. 11; Grayscale Unloads Over 13,000 Bitcoin, 9 New ETFs Hold $4.91B in Assets As of Thursday, Jan. 25, Grayscale’s GBTC possesses 523,516.43 BTC , valued approximately at $20.71 billion based on the current BTC exchange rates. This figure is 13,178.50 BTC less than the previous day when the holding was 536,694.93 BTC . Consequently, since Jan. 12, 2024 , GBTC’s bitcoin holdings have diminished by 93,563.56 bitcoin, equivalent to a value of $3.74 billion. Despite Wednesday’s trading sessions being less vigorous than earlier days, GBTC remained a ma...

Using blockchain to stamp out biases in artificial intelligence models might turn out to be the technology’s “killer user case,” executives attending the World Economic Forum in Davos have said. The blockchain firm Casper Labs and the computer giant IBM have partnered to create an AI data bias tracking system. Artificial Intelligence Hallucinations Some of the business executives attending the World Economic Forum (WEF) in Davos have argued that using blockchain to stamp out bias or misinformation in the data used to train artificial intelligence (AI) models could be the technology’s “killer user case.” According to a report by CNBC, blockchain is now preferred because it allows AI developers to track the data that their respective models are trained on. The blockchain firm Casper Labs and the multinational technology corporation IBM have partnered to create such an AI data-tracking system. The executives’ call for a blockchain-based tracking system comes at a time when concerns ...

PRESS RELEASE. Tracks, the innovative Web3 music streaming dApp created by LABEL Foundation and built on the BNB Chain, is now available on LG Smart TVs running webOS 22 and webOs 23, globally. This pioneering launch introduces the first-ever Web3 music app on an LG smart TV platform, transforming how users engage with music streaming. The app delivers an engaging experience by offering high-quality music coupled with stylish artworks, strongly resonating with millennials and seamlessly integrating into their daily lives. Since its debut in July, the mobile dApp TRACKS, running on the BNB Chain, has rapidly gained momentum, acquiring over 150,000 users and 10,000 daily active users, predominantly among millennials. This surge in popularity followed investments from top-tier funds in 2022. Tracks’ success stems from its user-centric approach, distinguishing it from conventional content provider-focused music services. Along with a sustainable revenue model, Tracks aligns with the ...

Samourai Wallet, River, Strike, Swan, and other companies in the cryptocurrency space have sent a letter to the Financial Crimes Enforcement Network (FinCEN), commenting on the proposed rules over mixing transactions introduced in October. These companies are asking FinCEN to withdraw its proposal because it considers it inadequate for many reasons, criticizing it for being “overbroad” and including lawful activities under its scope. Samourai Wallet Blasts FinCEN Cryptocurrency Mixing Proposed Requirements A group of 26 companies linked to the cryptocurrency industry have sent a letter to the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury, commenting on the validity of the rules the institution has proposed to apply for cryptocurrency mixing transactions in October. The letter , produced by Samourai Wallet and Ten31 and co-signed by River, Strike, Ronindojo, Swan Bitcoin, Primal, GRIID, Zaprite, Peach, Mempool Space, Upstream Data, Stakwork, Vida Global, Voltag...

Bitcoin’s price dynamics on Jan. 24, 2024, present a complex picture of market fluctuations and investor sentiment. With prices oscillating between $39,878 and $40,069 in the past hour and a broader 24-hour range of $38,505 to $40,515, the cryptocurrency exhibits notable volatility. Bitcoin Bitcoin’s market capitalization stands at $785 billion, with a 24-hour trade volume of $27.02 billion. These figures underscore the leading cryptocurrency’s continued presence in the market. While BTC is up 2.5% today, it is down 6% over the past week and 12% over the past fortnight, illustrating the short-term recovery amidst a medium-term downtrend. This fluctuation is critical for traders to consider in their strategies. On the 1-hour chart, BTC shows a recent bounce from the low at $38,505, reaching a local high of $40,515, hinting at a short-term uptrend. The current consolidation phase, characterized by modest moves, suggests a temporary equilibrium between buyers and sellers. A potentia...

A U.S. blockchain and lending startup is seeking the U.S. Securities and Exchange Commission’s permission to issue an interest-bearing stablecoin. The startup said the digital token will be used as an alternative to existing stablecoins such as tether and USDC. Figure Technologies’ Draft Registration Statement A new blockchain and lending startup, Figure Technologies Inc., has reportedly approached the U.S. Securities and Exchange Commission (SEC) to launch an interest-bearing stablecoin. If approved, the stablecoins, which will be registered as “face-amount certificates,” will be available to both retail and institutional investors in the U.S. According to a Bloomberg report , Figure Technologies aims to offer the first stablecoin that will be regulated as a security in the United States. The company’s draft registration statement, filed under the name of subsidiary Figure Certificate Co., said the stablecoin will be issued using blockchain technology. In the meantime, Figure Ma...

Recently approved spot bitcoin exchange-traded funds (ETFs) are likely to divert investor interest and trading volume away from centralized exchanges (CEXs), according to Anthony Bevan, CEO of the wealth management firm Blockguard. Bevan, a full-time trader and investor, added that spot bitcoin ETFs are likely to attract investors who are keen on “more regulated and mainstream investment avenues.” Decentralized ETFs CEXs may have to enhance or upscale their service to match users’ high standards if they are to compete with spot bitcoin ETFs. Commenting on the wealth management system known as decentralized ETFs, the Blockguard CEO claimed that it excels at providing users or investors with “curated portfolios of thoroughly researched and back-tested coins.” Besides helping investors diversify their investments, decentralized ETFs can make the investment process “more efficient and accessible,” Bevan claimed. In his written answers sent to Bitcoin.com News, the CEO asserts that th...

“Genesis Cat,” a 1-of-1 digital artwork in the Quantum Cats collection on the Bitcoin blockchain, has achieved a remarkable sale price of $254,000 along with several other notable sales at a recent Sotheby’s auction. ‘Genesis Cat’ Fetches Over Quarter Million Dollars in Sotheby’s Sale “ Genesis Cat ,” a unique piece of digital art created on the Bitcoin blockchain through the Ordinals protocol, sold for $254,000 at a recent Sotheby’s auction. Created by the artist and engineer Francisco “FAR” Alarcon , Genesis Cat is a special 1-of-1 piece in the Quantum Cats collection, produced by the Taproot Wizards group. Initially estimated to sell for between $15,000 and $20,000, the artwork significantly exceeded expectations. Sotheby’s Metaverse account on X said of the sale , “With over 50 Bids, ‘Genesis Cat’ by @0xfar for Taproot Wizards’ has achieved an impressive $254,000 (6.31 BTC ), 12X over the high estimate.” The Quantum Cats collection, comprising 3,333 distinct digital cats, is...

The Colorado Securities regulator has accused the pastor of an online-only church of illegally pocketing $1.3 million which was raised via the sale of a cryptocurrency he created. A judge in Colorado has since ordered the closure of the pastor and his wife’s bank accounts for 14 days. ‘The Lord Brought This Cryptocurrency to Me’ The securities regulator in Colorado has charged Reverend Eli Regalado, creator of the cryptocurrency INDX coin and pastor of the online-only Victorious Grace Church, with selling “worthless” INDX coins for $3.4 million sometime in 2022 and during the first half of 2023. Tung Chan, Colorado’s securities commissioner, filed a lawsuit on Jan. 16, accusing Regalado of ensuring that investors in his coin did not recoup their investment. According to a report by the Denver Post , Regalado pocketed $1.3 million from the token sales, which he spent on a Range Rover, jewelry, luxury handbags, cosmetic dentistry, and boat rentals. The lawsuit suggests that Regalado...

U.S. Senator Elizabeth Warren criticized the illegal use of cryptocurrency assets by bad actors. Commenting on a report issued by the U.S. Government Accountability Office (GAO), Warren declared that “rogue nations are using crypto to dodge sanctions and undermine our national security,” calling to establish increased money laundering rules on these assets. U.S. Senator Elizabeth Warren: ‘Rogue Nations Are Using Crypto to Dodge Sanctions’ Elizabeth Warren, a U.S. senator, has commented on the role digital assets fulfill for bad actors, which use them to sidestep sanctions established by the U.S. government. In a post on X, Warren criticized the use of these tools for these purposes, calling for establishing controls that would contribute to diminishing this use. Commenting on a U.S. Government Accountability Office (GAO) that examines the use of digital assets to evade sanctions, Warren stated : A new U.S. GAO report confirms that rogue nations are using crypto to dodge sanctions...

In 2023, financial losses on the BNB Smart Chain due to exploits or breaches fell by 85% to $161.1 million, according to the findings of a new Avenger DAO study report. The study data also shows that Q2 of 2023 was the costliest quarter, with approximately $69.5 million lost across 127 incidents. Scams Were the Costiliest Attack Vector in 2023 According to a survey study conducted by Avenger DAO and its partners, the value of assets lost to hacks and other security breaches on the BNB Smart Chain in 2023 fell by 85% to $161.1 million. In comparison, a little over $1.1 billion was lost in far fewer incidents in 2022. The study data also shows Q2 of 2023 to be the costliest that year with approximately $69.5 million having been lost across 127 incidents. On the other hand, the last quarter of 2023 had the least damages with $15.6 million from 86 incidents. However, unlike in 2021 and 2022 when hacks accounted for a disproportionate share of the financial losses, scams ($87.9 milli...

With market capitalization standing at $798 billion and a 24-hour trade volume of $16.58 billion, bitcoin’s current state remains consolidated just above the $41K zone. As bitcoin hovers around $41,088, a meticulous analysis of its 1-hour, 4-hour, and daily chart unveils a predominantly bearish trend. Bitcoin Oscillators, key indicators of bitcoin’s momentum, and potential trend reversals present a mixed signal. The relative strength index (RSI) at 40 suggests a neutral to bearish stance, while the Stochastic at 12 and commodity channel index (CCI) at -120 also show a balancing act. However, the momentum indicator points to positivity at -2054, contrasting with the moving average convergence/divergence (MACD) level at -484, which indicates a bearish outlook. The moving averages (MAs) offer a more bearish outlook. Both exponential moving average (EMA) and simple moving average (SMA) across various timeframes, from 10 to 50 days, predominantly signal negative sentiment in the market,...

The approval of a spot ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) could be the crypto asset’s “strongest narrative,” according to a Kaiko Research analysis. The Kaiko Research team believes that ethereum’s rally post-bitcoin ETF approvals show that investors are betting on the regulator’s approval of ether-based ETFs. ETH Outperforms ETH Beta Tokens According to an analysis carried out by Kaiko Research, the potential approval of a spot-based ethereum ( ETH ) exchange-traded fund (ETF) is likely to be the crypto asset’s current “strongest narrative.” To support this assertion, the analysis points to bitcoin’s performance before the SEC approved a spot bitcoin ETF. As per Kaiko data , in the 365 days before the ETF approval, bitcoin’s return of 100% easily outpaced ETH ’s 60%. Indeed, in the weeks and days leading up to the approvals, BTC surged past $48,000, and some predicted the crypto asset’s USD value to go beyond $50,000 after ...

Since the dawn of the gaming era many gamers have dreamed of making money from their hobby and of course their passion for games. Although it’s been possible for the lucky few, this has never been a possibility for the masses. A unique and innovative crypto gaming project called Neoxa makes this long craved dream a reality for gamers while also providing incentives for investors and miners alike. Join us while we take a dive to the depths of this project! 𝟏 – Let’s paint the current state of the gaming experience Jane is a talented and skilled gamer who spends countless hours on a daily basis honing her skills in a game that she really enjoys. Despite the fact that the gaming industry provides immense entertainment for her and many others, there is no avenue for her to monetize her gaming experience that does not require significant luck and personal sacrifices. Although the gaming industry as a whole provides some avenues for monetization of game time such as Esports, it is st...