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…
Author: Crypto Flexs
Read More
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…
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…