The market structure for ETC was bullish at press time. Momentum and volume indicators turned bearish on the chart. Ethereum Classic (ETC) retested the $25 support level and almost flipped the market structure on the higher period into a bearish one. This comes after an unfavorable US jobs report for May. Short-term momentum also appeared weak. In a recent report, AMBCrypto noted that the $28.4-$29 area could be revisited before a rebound. Ethereum Classic fell more than expected. Ergo, Question – How are traders reacting to recent price movements? The $29 support level did not hold. Source: ETC/USDT on TradingView…
Author: Crypto Flexs
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Bitcoin ($BTC) has surpassed $70,000. At the time of this writing, it was well over $71,000, trading at $71,156.02. This reflects growth of 0.29% in the last 24 hours and 4.72% in the last 7 days. Moreover, it soared by 11.97% in just one month. Many factors are shaping this picture. But what stands out is the whale activity. Large investors have shown strong confidence in Bitcoin. They accumulated nearly 70,000 BTC tokens in less than 30 days, which translates into a margin of roughly $1 billion. This just shows that long-term holders are ready to take risks again. Because…
Artificial intelligence (AI) is making significant advances in healthcare, particularly in the area of employee scheduling. According to Source EMEA, this innovation is addressing chronic nursing shortages and heavy administrative burdens on healthcare professionals. From paper sheets to AI tools The development of the AI scheduling application was a joint effort involving visionary hospital executives, a Swiss company specializing in medical scheduling software, Luzerner Kantonsspital (LUKS) employees, and Microsoft technical experts. Andri Puorger, Microsoft Switzerland Account Technology Strategist for Healthcare, played a pivotal role in this project. Puorger’s interest in medicine was stimulated by his…
Investors in South Korea’s booming cryptocurrency market are facing a digital storm after shocking revelations from financial regulators. According to a joint study by the Financial Supervisory Service (FSS) and the Korea Financial Intelligence Unit (FIU), as many as 70% of closed cryptocurrency exchanges neglected customers and failed to return invested funds. Hidden Dangers of Lesser-Known Coins This news is gut-wrenching news for the more than 6 million Koreans, or about 10% of the total population, who have dipped their toes into cryptocurrency pools. Unlike their global counterparts, Korean investors are known to dabble in riskier and lesser-known cryptocurrencies in…
Disclosure: The views and opinions expressed herein are solely those of the author and do not represent the views and opinions of crypto.news editorial. Web3 games face serious problems with player adoption. A recent report found that only 7.9% of web3 games have more than 1,000 users. This player shortage, or “player liquidity,” results in longer matchmaking times, suboptimal competitive experiences, and economic issues that impact the studio’s ability to generate revenue and sustain development. The fundamental solution to these problems extends beyond simply increasing the number of players, which is inherently slow. Instead, creating AI avatars that are “digital…
Close followers of GameStop bull traders roaring kitty (aka Keith Gill) and the 2021 Meme Stock/Short Squeeze Saga You probably already know the ending of last year’s “Dumb Money” from the beginning. He gives his final approval on his popular YouTube live stream and takes a break from his online postings. It’s been an extremely crazy few months in the spotlight.But the ending didn’t stick. After three years of inactivity, Roaring Kitty returned last month and began posting memes on Twitter and Reddit posts about his GameStop (GME) stock positions. on friday he reappeared on youtube For the first time…
Market Update • June 7, 2024, 6:19 AM EDT Posted 1 minute ago In ~ Updated: June 7, 2024, 7:58 AM EDT The Roaring Kitty-themed memecoin has posted triple-digit gains after GameStop’s stock price soared over the past 24 hours.Memecoins GME, KITTY, and ROAR are up 160%, 330%, and 150%, respectively, and are currently trading at $0.03088, $0.0377, and $0.001584, according to CoinGecko data.Shares of GameStop soared in premarket trading Friday after Keith Gill, known as “Roaring Kitty,” revealed plans to make his first YouTube appearance in three years. Gill has previously inspired retail investors to back struggling video game…
Disclosure: The views and opinions expressed herein are solely those of the author and do not represent the views and opinions of crypto.news editorial. According to the non-profit organization’s report: Identity Theft Resource CenterThe number of online attacks against small businesses increased by 28% in 2023. But this year, hackers have fallen back on their old habits and started once again targeting large, data-rich organizations that hold large amounts of cash and digital assets. According to a recent study by the University of Oxford based on the World Cybercrime Index (WCI) cybercrime threat score, cybercriminals from the top 10 countries…
AMD, a leading semiconductor supplier, has made significant progress in optimizing the hardware efficiency of artificial intelligence (AI) algorithms. According to AMD.com, the company’s latest research paper is ‘Unified progressive depth pruner for CNN and Vision Transformer’ was accepted at the prestigious AAAI 2024 conference. In this paper, we introduce a new depth pruning method designed to improve performance across a variety of AI models. Motivation for model optimization Deep neural networks (DNNs) have become essential for a variety of industrial applications and require continuous model optimization. In this context, techniques such as model pruning,…
Cryptocurrency analyst Lark Davis Recently, the following prediction was made: this bull run It may be bigger than most people imagine. He explained why. market cycle It may stand out from the previous one. Why this bull market is “melting your face” Davis mentioned in X (formerly Twitter) post Cryptocurrency market participants will soon witness a “face-melting bull market.” He cited the influence of institutional investors as the reason why this bull market stands out. First of all, he drew attention to the following method: US Spot Bitcoin ETF Daily inflows are already in the hundreds of millions. Related Reading…