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…
Author: Crypto Flexs
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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…
Rebecca Moen 18 July 2024 21:20 OpenAI has released GPT-4o Mini, the most cost-effective small AI model currently on the market, promising advanced capabilities at a low cost. OpenAI has announced the release of GPT-4o Mini, a groundbreaking development in artificial intelligence. The new model is said to be the most cost-effective small AI model on the market, offering advanced capabilities at a fraction of the cost of previous models. Advancing AI with cost efficiency GPT-4o Mini represents a significant leap forward in AI technology, emphasizing both performance and cost-effectiveness. According to OpenAI, the…
XRP price started to surge even before BTC broke $60,000. This type of price movement before a news event can be a concern for long-term holders. Ripple (XRP) gained 58.18% from July 8 to 17, fueled by rumors that the U.S. Securities and Exchange Commission (SEC) would rule in favor of the payment remittance company in its lawsuit against Ripple. The ruling on July 13, 2023, ruled that XRP was not a security in a secondary market sale. Attorney Fred Rispoli predicted that the case would be decided this month. What are the price and trend predictions from AMBCrypto’s XRP…
The Ether (ETH) price rose 12.5% between July 12 and July 15, but the strong resistance at $3,500 halted the bullish momentum. The correction after the drop to $3,400 on July 18 occurred despite the approval of two additional spot Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Despite these positive developments, Ether’s derivatives market has shown little excitement.Analysts predict that ETH will hit $5,000, but is this realistic?The SEC has reportedly given preliminary approval to at least three issuers to begin trading spot Ether ETFs on July 23. A total of eight spot Ether ETFs…
Tyler and Cameron Winklevoss have revealed that they have donated a total of $1 million in Bitcoin to Massachusetts U.S. Senate candidate John Deaton’s campaign. Deaton is looking to take down Senator Elizabeth Warren, whom Tyler Winklevoss called “public enemy number one” of cryptocurrencies in a piece for X. “She is the chief architect and driver of the Biden administration’s crypto war,” he said.The two brothers said in separate posts that they were each donating $500,000 in Bitcoin to Deaton’s campaign. Cameron Winklevoss called Deaton “pro-bitcoin” and “pro-crypto” in the post.Earlier this week, Ripple Labs donated $1 million to a…
Solana Mimecoin Dogwhipheart (WIF) has re-entered the top 50 cryptocurrencies by market cap after a 41.44% gain last week.According to data from Cointelegraph Markets Pro and TradingView, WIF is up 10% over the past 24 hours and is trading at $2.33.WIF/USD daily chart. Source: TradingViewIn comparison, Memecoin’s overall market cap fell by 5.3%, with most of the top cryptocurrencies in the space posting losses on July 18, according to data from CoinGecko.“Dogwifhat has settled back into the top 50 coins by hitting the $2.4 billion cap and needs just 2x more to hit a new ATH,” independent analyst Eldorado OPM…
Jack Anderson 18 July 2024 20:12 NVIDIA Researches RAPIDS cuVS IVF-PQ Algorithm to Improve Vector Search Performance with Compression and GPU Acceleration In a detailed blog post, NVIDIA provides insight into the RAPIDS cuVS IVF-PQ algorithm, which aims to accelerate vector search by leveraging GPU technology and advanced compression techniques. This is the first part of a two-part series that follows our previous exploration of the IVF-Flat algorithm. Introduction to the IVF-PQ Algorithm In this blog post, we introduce IVF-PQ (Inverted File Index with Product Quantization), an algorithm designed to improve search performance and…
According to analysts, Bitcoin has shown multiple bullish signals on multiple time frames, suggesting that “the uptrend is here to stay” after a seven-day rally of 10%. Despite the recent sell-off, which saw the Bitcoin (BTC) price drop 16% between July 1 and July 5 to hit a low of $53,499, “Bitcoin is up about 21%,” Glassnode co-founder Negentropic wrote in a July 18 X post.They noted Bitcoin’s surge over the weekend, reaching a high of $66,139 on July 17. Negentropic highlighted that the rally has seen the price of the pioneering cryptocurrency flip to several levels of support, including…