The S&P 500 Index has fallen 2.6% over the past two days, testing the 5,523 level on July 18. The correction erased the previous two weeks of gains, but buying activity picked up in the last trading session after chipmaker Taiwan Semiconductor Manufacturing Company (TSM) reported better-than-expected earnings.Investor fraud has had a negative impact, which partially explains why Bitcoin (BTC) and Ether (ETH) fell on July 18. Understanding the reasons for the decline in the U.S. stock market is essential to determining whether cryptocurrencies should maintain a positive correlation.Bitcoin/USD Index (left) vs. S&P 500 Index Futures (right), 1-hour. Source: TradingViewRising…
Author: Crypto Flexs
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Tier 1 • July 18, 2024 4:40 PM EDT Posted 1 minute earlier In ~ Bloomberg reports that Republican presidential candidate Donald Trump asked attendees of an upcoming Bitcoin conference to pay $844,600 to attend the roundtable, citing an email invitation sent by an anonymous attendee.The invitation appears to be part of a private fundraising effort for the Bitcoin 2024 conference, which will be held in Nashville, Tennessee, from July 25-27, where President Trump is scheduled to speak.In addition to paying nearly $1 million for the roundtable, individuals can pay $60,000 and couples can pay $100,000 for a photoshoot. Trump’s…
Polygon Labs has revealed the date for the migration from MATIC to POL. In the first phase of the POL token upgrade, functionality will be limited to Polygon PoS. Token holders may need to take steps to transfer their tokens, depending on where and how they hold them. Last year, Polygon Labs unveiled a new roadmap to adopt an aggregate chain architecture that would allow Ethereum to scale infinitely by horizontally connecting as many chains as possible on top of Layer 1. In line with this new roadmap, the team outlined plans for the Polygon Network to undergo a number…
According to analysts at market intelligence platform Santiment, Bitcoin’s positive sentiment has taken a “significant hit.” On Thursday, as Bitcoin (BTC) struggled to regain its recent uptrend, Santiment shared that funding rates were signaling a surge in bearish bets. “Positive commentary on Bitcoin has come despite the medium-term crypto market rally this week. Many traders, especially on Binance, are initiating short positions in anticipation of a BTC rally,” the platform wrote. Bullish commentary on Bitcoin’s price has fallen to about a third of what it was four months ago. The data also shows that traders are increasingly betting on BTC…
Felix Pinkston July 19, 2024 02:12 UneeQ transforms customer interactions using AI-powered digital humans, increasing realism and engagement with NVIDIA ACE technology. UneeQ, a leading platform in the digital human space, is revolutionizing customer engagement by integrating AI-based technologies to create lifelike digital humans. According to the NVIDIA Technical Blog, UneeQ’s innovative approach addresses the growing demand for immersive and personalized customer interactions. Enhanced Realism and Immersion with NVIDIA ACE At the heart of UneeQ’s technology is Synanim, a proprietary AI animation system derived from ‘synthetic animation’. Synanim allows digital human avatars to convey…
July 18th What is UXLINK(UXLINK)? Posted at 08:00h Education, Tokens By administrator The UXLINK project is an initiative designed to advance social interaction in the Web3 space by leveraging Web3. The core of UXLINK is to combine real-world social connections with the decentralized spirit of blockchain to create a platform where users can interact, transact, and form communities in a secure and transparent manner. The project introduces a dual token economic model and a suite of decentralized applications (DApps) to facilitate a seamless user experience while maintaining the principles of user sovereignty and data ownership. One of UXLINK’s standout features…
WazirX hackers were preparing for the $235 million theft eight days before it happened. According to Polygon Labs’ head of security, the hackers behind the $235 million WazirX cryptocurrency exchange breach began preparing for the on-chain breach at least eight days ago. WazirX, one of India’s largest cryptocurrency exchanges, lost hundreds of millions of dollars in a multi-signature wallet hack on Thursday, July 18. The hack is believed to have been carried out by the North Korean hacking group Lazarus Group. Polygon Labs’ chief information security officer, Mudit Gupta, said the hackers began “practicing” the hack on-chain more than a…
A cryptocurrency trader has made more than 16x his profit on a Donald Trump-inspired coin called Mimecoin, which has exploded in value this year. According to cryptocurrency tracking site Lookonchain, a wallet suspected to belong to anonymous trader Gigantic Rebirth used $540,700 worth of the top stablecoin, USDT, to buy 1.08 million MAGA (TRUMP), at an average price of $0.50, in November and December 2023. Over the weekend, 1.08 million TRUMP were deposited into the BTSE exchange from the same wallet, generating a profit of approximately $8.3 million. Lookonchain also noted that another wallet tagged “GCR: Address 1” still holds…
A cryptocurrency trader has made more than 16x his profit on a Donald Trump-inspired coin called Mimecoin, which has exploded in value this year. According to cryptocurrency tracking site Lookonchain, a wallet suspected to belong to anonymous trader Gigantic Rebirth used $540,700 worth of the top stablecoin, USDT, to buy 1.08 million MAGA (TRUMP), at an average price of $0.50, in November and December 2023. Over the weekend, 1.08 million TRUMP were deposited into the BTSE exchange from the same wallet, generating a profit of approximately $8.3 million. Lookonchain also noted that another wallet tagged “GCR: Address 1” still holds…
South Korea’s first cryptocurrency regulatory framework is now fully in effect. The new set of rules, which has been rapidly implemented following the catastrophic collapse of Terra-Luna and FTX in 2022, is focused on ensuring a safety net for cryptocurrency investors.The new law, the Virtual Asset User Protection Act, was officially approved on July 18, 2024, with a one-year grace period to refine the regulatory details.The law imposes stricter requirements on digital asset exchanges. Korean service providers are now legally required to keep at least 80% of users’ cryptocurrency deposits in cold storage, separate from their own funds.Exchanges are also…