Bitcoin’s downtrend expanded after Wall Street opened on July 30, with leveraged long positions falling significantly as the price fell below $66,000.BTC/USD daily chart. Source: TradingViewAccording to data from Cointelegraph Markets Pro and TradingView, the Bitcoin (BTC) price is trading at $65,798, down 2.3% over the last 24 hours. This comes after a series of failed attempts to break above $70,000, suggesting the area is important for bears. Commenting on Bitcoin’s recent price action, popular trader Skew noted that around $800 million worth of BTC futures open interest (OI) was wiped out following the recent drop from $70,000.”It looks like…
Author: Crypto Flexs
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SEC Amends Case Against Binance to Redefine Cryptocurrency Securities The decision came after the court ruled that BNB was not a security. Over the past few months, the SEC has faced undue regulatory and compliance concerns regarding Binance (BNB). After numerous losses, fines, and jail sentences for its CEO, Binance’s fortunes changed in July. As previously reported by AMBCrypto, Binance reported a legal victory after a court allowed Binance to access customer funds held by the U.S. Treasury. In a recent development, the SEC is considering filing a lawsuit against Binance, deeming tokens like Solana (SOL) to be securities. SEC…
Transparency is paramount in the crypto space as it builds trust and ensures fair operations. BlockDAG stands out in this regard, surpassing ICP and BNB. Clear communication and disclosure that the co-founder of SwissOne Capital is the CEO of the crypto industry provides investors with detailed insight and confidence. The recent pre-sale raised $62.8 million in Batch 21, up 1,540% from Batch 1 and currently stands at $0.0164. A total of 12.3 billion BDAG coins were sold, with the miner sale reaching $4.1 million for 10,000 coins. Analysts predict a potential 30,000x ROI, solidifying BlockDAG’s position in the crypto space.…
Former President Donald J. Trump, who became the first major candidate to speak at a cryptocurrency conference on Saturday, reportedly raised $21 million at the event. Bitcoin Bitcoin -0.48% According to Bitcoin Magazine CEO David Bailey, the event is expected to occur in 2024. The money came largely from a Bitcoin Conference fundraiser for Trump held at Nashville’s Music City Center after Trump’s much-anticipated speech on Saturday. The event, partly organized by Senator Bill Hagerty (R-Tenn.), drew 100 attendees and was said to represent his “second-highest fundraiser ever.” Trump has successfully garnered crypto votes and support from some of the…
Alvin Lang July 30, 2024 18:19 NVIDIA has introduced re-ranking capabilities to improve the accuracy and relevance of AI-powered enterprise search results and to enhance the RAG pipeline and semantic search. According to the NVIDIA Technology Blog, in the rapidly evolving landscape of AI-based applications, reranking has emerged as a key technology for improving the accuracy and relevance of enterprise search results. Using advanced machine learning algorithms, reranking refines initial search results to better match user intent and context, significantly improving the effectiveness of semantic search. The Role of Re-Prioritization in AI Reranking plays…
Despite the launch of a spot Ethereum ETF in the US, Ethereum (ETH) is down about 1% and set to end July in the red.The US spot Ethereum ETF was launched on July 23, and the immediate market reaction was a 9% drop. The current ETH price is down 4.05% since the launch. However, other reasons may have hindered the price performance. ETHE is seeing faster outflows than GBTC.According to Sosovalue, the overall ETF numbers have been disappointing, with cumulative net inflows now standing at minus $439.64 million. The chart below highlights that most of the selling pressure has come…
Lido Finance, in collaboration with Ackee Blockchain, conducted a security review of the Lido Finance stETH smart contract over a period of 15 engineering days from May 6 to May 17, 2024. Lido Finance has also expanded the scope to include all contracts in the repository and any changes not reviewed in the previous revision, and Ackee has been awarded an additional time donation of 1.5 engineering days to perform a security review of revision 1.3 between June 17 and June 18, 2024. methodology We started our review using the static analysis tool Wake. We then delved deeper into the…
Despite the launch of a spot Ethereum ETF in the US, Ethereum (ETH) is down about 1% and set to end July in the red.The US spot Ethereum ETF was launched on July 23, and the immediate market reaction was a 9% drop. The current ETH price is down 4.05% since the launch. However, other reasons may have hindered the price performance. ETHE is seeing faster outflows than GBTC.According to Sosovalue, the overall ETF numbers have been disappointing, with cumulative net inflows now standing at minus $439.64 million. The chart below highlights that most of the selling pressure has come…
According to a draft copy obtained by The Block, Sen. Cynthia Lummis’ bill would provide a path for the U.S. to own bitcoin and give states the option to do so as well. The bill is called the “Enhancing Innovation, Technology and Competitiveness Act.” According to the draft version, it is called the “Optimized National Investment Law 2024” or “Bitcoin Law 2024” for short. “Bitcoin Bitcoin -1.66% It offers unique characteristics as a decentralized and scarce digital asset. Strengthens the U.S. dollar’s position by supplementing existing national reserves. “In the global financial system,” it reads, according to a copy of…
Podcasts hosted by QuickSwap Aggregated He heralded a “major move” to get the audience excited. The teaser follows a recent rebrand that aims to expand the podcast’s reach. Aggregated’s new expanded vision follows QuickSwap’s recent full offering strategy. Crypto podcasts have become increasingly popular in recent years as users try to stay ahead of the curve. One such podcast is: AggregatedHosted by Polygon DeFi’s leading suite QuickSwap, providing insight into the latest crypto events through intense expert discussions and debates. Initially launched under the name “All Roads Lead To Polygon” with a focus on Polygon (MATIC) events, it has rebranded…