Tether (USDT) balances on cryptocurrency exchanges hit an all-time high of $20.339 billion on August 13, a sign that investors are gearing up to invest in these stablecoins as a way to capitalize on crypto assets ahead of the U.S. Federal Reserve’s September interest rate decision.Tether balance on cryptocurrency exchanges. Source: GlassnodeTether Treasury to mint $1 billion worth of USDTTether’s record balance on cryptocurrency exchanges followed the minting of $1 billion worth of the stablecoin by the Treasury of the same name. On August 13, data tracking platform Whale Alert noted that Tether had added $1 billion to the Ethereum…
Author: Crypto Flexs
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Senate Majority Leader Chuck Schumer (D-N.Y.) pledged Wednesday during a digital town hall meeting to pass cryptocurrency legislation by the end of the year.““I don’t think Washington can afford to turn a blind eye to crypto, stick its head in the sand and do nothing,” Schumer said during the Crypto4Harris livestream. “My goal is to get something through the Senate by the end of the year and become law, and I believe we can do that.”He explained that failure to act “risks cryptocurrencies flowing overseas to the lowest common denominator countries with no regulation at all.” “I think we need…
Bitcoin (BTC) is struggling to hold the psychological level of $60,000, indicating that bears are operating at higher levels. However, analysts do not seem to be worried. Capriole Investments founder Charles Edwards wrote in a post on X that Bitcoin “looks promising” but it will take time for it to resume its uptrend as it is three months behind gold.According to Nathan Thompson, Senior Technical Writer at Bybit, Bitcoin is only in the second phase of its bull cycle. According to a report shared with Cointelegraph by Bybit and BlockScholes, if Bitcoin follows the previous cycle’s low-to-high ratio, the bullish…
Company • August 14, 2024 5:06 PM EDT Posted 1 minute earlier ~ in Quick take About $600 million in seized Silk Road Bitcoin transferred to Coinbase wallet: Arkham Renzo to Participate in Solana Liquid Re-Staking, Zito to Launch ezSOL Senate Majority Leader Chuck Schumer to Speak at Crypto4Harris Town Hall The following is an excerpt from The Block’s newsletter, The Daily, published weekday afternoons. It’s Wednesday! In today’s Daily, we look at the movement of 10,000 Silk Road Bitcoins, Renzo enters Solana Liquid Restaking, Chuck Schumer speaks at Crypto4Harris Town Hall, and more. Let’s get started. 10,000 Silk Road…
Over the past few weeks, you’ve supported your favorite coins, bought, spent, and used cryptocurrencies! Now, the moment has finally come and it’s time to crown the winner of the 2024 Crypto Champions!Final Medal CountThe Crypto Champions series concluded with Bitcoin (BTC) dominating the field. Total 9 medalsinclude 6 gold. Ether (ETH) is a solid 6 medalsOutstanding performance in the Silver and Bronze categories. Litecoin (LTC) performed as follows: 4 medalsBoth USD Coin (USDC) and Tether (USDT) showed strength, including gold. 4 and 3 medals each.Winners by CategoryMost total transactionsLitecoin (LTC), Bitcoin (BTC), and Ethereum (ETH) led the overall trading…
Tony Kim 15 Aug 2024 01:58 NVIDIA Edify dramatically enhances content creation capabilities by enabling developers to create custom AI models using their own data. According to the NVIDIA Blog, NVIDIA has unveiled Edify, a cutting-edge AI architecture designed to enable developers to build custom models using their own licensed data. This innovation aims to empower the creative community by providing tools to generate high-quality content from a variety of media types, including images, videos, and 3D assets. Key Features of NVIDIA Edify Edify stands out for its multimodal capabilities, allowing it to generate…
Soulja Boy announces a game update. Fans had mixed reactions. $SBOY token surged by 157%. Influencers are increasingly involved in the crypto space and are doing whatever it takes to bring attention to memecoins. One of the most recent examples is American rapper Soulja Boy, who is promoting an upcoming video game tied to his cryptocurrency token, $SBOY, on the Solana blockchain. The anticipation surrounding the project has led to significant market activity, with the token rising significantly, even as many of its fans remain skeptical about the game. Soulja Boy Token Up 157% Influencers are increasingly exploring the connection…
Toncoin (TON) price has seen significant gains over the past 10 days, reaching its highest level in nearly four weeks as crypto traders evaluate a series of optimistic updates to the ecosystem, including its addition to Binance Launchpool. According to data from Cointelegraph Markets Pro and TradingView, TON rose more than 51% from its low of $4.78 on August 5, reaching an intraday high of $7.26 on August 14. At the time of publication, TON was trading at $6.98, up 10% in the last 24 hours.TON/USD daily chart. Source: TradingViewTON is currently the 8th largest cryptocurrency with a market cap…
Aug 14, 2024 7:58 PM UTC · 3 min read /shithead/ – DogPooper is the first minigame on the Alterverse platform built on the TON network. This innovative game combines humor, strategy, and blockchain technology to create a fresh and engaging experience for players around the world. Alterverse is a blockchain gaming platform that combines AI and is supported by renowned institutions such as Balance Labs, Polygon Ventures, Ankr, and Gate.io Labs. DogPooper’s gameplay Poop Fusion: Combine poops of the same level to create a higher level poop. Selling Poop: All poop except level 30 golden poop can be sold…
Funds • August 14, 2024 3:20 PM EDT Posted 1 minute earlier ~ in Salim Ramji took over as CEO of Vanguard last month after a decade in senior leadership roles at BlackRock, the world’s largest asset manager. Most recently, he was Global Head of iShares and Index Investments at BlackRock, where he was responsible for managing the majority of the firm’s client assets and developing the iShares platform.According to the press release, his contributions have helped ETFs play a more central role “in retirement and asset portfolios” and created a more efficient bond market that uses ETFs as a…