Bitcoin Marxists firmly believe that if the US government acquired Bitcoin now and held it for the next 20 years, it could pay off the national debt. History around the world has shown that increasing national debt is a precursor to inflation, which eventually erodes trust in traditional fiat currencies. Unfortunately, the US has a debt of $35 trillion. However, Rich Rosenblum, co-founder of trading firm GSR, points out a silver lining in the mix: Bitcoin (BTC). Bitcoin as a hedge against US debt In the past, sovereign nations and investors had little opportunity to invest in alternative assets as…
Author: Crypto Flexs
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Ripple is once again in the spotlight as its legal battle with the SEC nears its conclusion. XRP is entering a pressure zone in a long-term pattern, indicating the possibility of a breakout or breakdown. The Ripple (XRP) vs. SEC lawsuit may be coming to an end soon. According to reports, Judge Analisa Torres is deliberating a final ruling that would end the lawsuit after nearly four years. Ripple has become a sandbag for the SEC since the case began in December 2020, with the cryptocurrency company accused of violating U.S. securities laws by issuing XRP. The cryptocurrency market is…
Wang Long Chai July 30, 2024 09:37 NVIDIA CEO Jensen Huang discusses advances in generative AI and accelerated computing at SIGGRAPH 2024, predicting a future where AI assistants are commonplace. Speaking at the SIGGRAPH 2024 conference, NVIDIA CEO Jensen Huang shared his vision for a future where AI assistants become an integral part of everyday life and business operations. He highlighted the transformative potential of generative AI and accelerated computing technologies to revolutionize a wide range of industries. Generative AI and Accelerated Computing Huang highlighted the important advances in generative AI rooted in visual…
Bitcoin (BTC) bounced quickly from the resistance line, holding lows during the Asian trading session on July 30 after the BTC price dropped below $4,000.BTC/USD 1-hour chart. Source: TradingViewBTC price fails to secure major supportAccording to data from Cointelegraph Markets Pro and TradingView, BTC/USD is trading around $66,500 around the daily opening price.The previous day was volatile across the board. Bitcoin initially soared to $70,000 but failed to hold on. Instead, it fell about 6% in a matter of hours, a familiar sequence of events.As Cointelegraph reported, the incident resulted in $2 billion worth of BTC being stolen from wallets…
Introduction to Ordinals In this article, we’ll explore how Ordinals are used in the Bitcoin ecosystem to create a new type of NFT. Our intention is to provide practical information for creators, collectors, and all marketplace participants interested in engaging with Ordinals on Bitcoin.We’ll start with a high-level explanation of Ordinals and NFTs on Bitcoin, highlighting their characteristics and potential uses. Then we’ll delve into BRC-20, the token standard for these digital artifacts, and how it differs from tokens on other blockchains. We’ll touch on some controversies. And lastly, we’ll review a few important considerations for protection and inheritance in…
Bitcoin has fallen from $70,000, a sign that bears are fiercely defending upper resistance, but the price surge has had limited impact on altcoins.
The U.S. Securities and Exchange Commission plans to move forward with amendments to its original complaint against cryptocurrency exchange Binance, a move that could potentially impact the need for court rulings on tokens like cryptocurrencies. Solana brush -4.85% Securities, according to documents filed Monday.In the joint status report Submitted On Monday, the SEC said it intends to amend its complaint. “The SEC notified Defendants that it intends to seek permission to amend its complaint to include a General Opposition to Defendants’ Motion to Dismiss, Dkt. No. 172, to address ‘third-party crypto-asset securities,’ as defined in the SEC’s Motion to Dismiss,…
Iris Coleman July 30, 2024 06:12 NVIDIA is showcasing advancements in customer interaction using digital avatars and AI technologies at SIGGRAPH 2024, introducing James, a conversational digital human. NVIDIA unveiled its latest advancements in digital human technology at the SIGGRAPH 2024 conference. These innovations aim to transform customer interactions across a range of industries using hyper-realistic digital avatars and cutting-edge AI. About James: Digital Brand Ambassador One of the highlights of NVIDIA’s presentation was James, a conversational digital human designed to connect with people using emotion, humor, and contextual understanding. James is powered by…
Bitget and Nansen have published a report on how to discover the best new tokens. What seems most useful are various community engagement metrics. New tokens and existing tokens have different metrics applied to them. With thousands of tokens being released every day, traders are always looking for ways to find the few with the greatest potential. Those who can do so can make millions of dollars in the lucrative altcoin market. Most recently, cryptocurrency exchange Bitget and blockchain analytics firm Nansen released a report that provided insight into this process. The purpose was to help Bitget choose which tokens…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. As the market recovers from the current downturn, a bullish phase is expected in late 2024, which could bring significant gains. Amid this optimism, meme coins are becoming a focus for investors looking for high-risk, high-reward opportunities. As interest in meme coins grows, they are becoming a major topic of discussion about future investment opportunities. The dynamic nature of the market has investors exploring different avenues, and meme coins with unique characteristics are attracting considerable attention. HOPPY Hoppy is built on the Ethereum…