Bitcoin (BTC) closed last week up 9.55%, but started the new week weak, falling close to $40,500. Bitcoin’s sharp correction also led to the liquidation of several altcoins. According to CoinGlass data, as of December 11, the volume of liquidated buys between cryptocurrencies was over $300 million.Sharp drops do not change the trends of Bitcoin and altcoins. Because corrections are part and parcel of every upward trend. Typically, a vertical rally is followed by a sharp decline, which shakes weak hands and allows long-term investors to buy more at lower levels.Daily cryptocurrency market performance. source: Coin360The correction is unlikely to…
Author: Crypto Flexs
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OurSky, a technology company based in Southern California, seeks to provide amateur astronomers with the tools they need to add artificial intelligence and open source technology to star scanning. On Monday, OurSky launched the beta version of its network of telescopes connected via APIs after raising nearly $10 million in seed funding.Founded in 2021 by Dan Roelker and Alex Hawkinson, Los Angeles-based OurSky recently announced that it closed a $9.5 million seed round with investments from Upfront Ventures, Oceans Ventures, Venrex Investment Management, Marlinspike Partners, and Embedded Ventures. .“What OurSky has done is really unique. We’ve made the sky respond…
Unlike its competitors, Mistral AI has decided to offer its models as free downloads rather than providing access through an API. This approach allows developers to run models on their own devices and servers. French artificial intelligence (AI) startup Mistral AI is valued at $2 billion after a successful funding round that raised 385 million euros ($415 million) to further develop its innovative technology and open source software. Achieved. Significance of Mistral AI’s new funding round The funding round, led by Andreessen Horowitz (a16z) and supported by early backer Lightspeed Ventures, closed on December 11, following a successful initial funding…
Lost money to a crypto or trading scam? Read this first: UK BASED – If your losses exceed £10,000 then Wealth Recovery Solicitors might be able to help. WRS is partnered with the National Crime Agency and has helped dozens of clients retrieve substantial sums. >> VISIT WRS USA/AUSTRALIA/CANADA – If your losses exceed $10,500 then contact Cybertrace. Cybertrace are a team of investigators specialising in cryptocurrency scams and tracing using custom AI tools. >> VISIT CYBERTRACETactical Refunds, Aio Claim, and Encrypt Aragon are three cryptocurrency fraud service platforms linked to a series of scams related to cryptocurrency recovery and…
The Fédération Internationale de Football Association (FIFA), the body that governs international soccer competitions, is teaming up with blockchain company Modex to launch its own collection of non-fungible tokens (NFTs) ahead of the 2023 Club World Cup in Saudi Arabia.According to an announcement on December 11, the first collection of 100 NFTs will debut on December 15, offering a chance to win tickets to the FIFA World Cup 2026 finals. Additionally, a total of 900 other digital collectibles consisting of memorable moments and digital versions of memorabilia from the ongoing tournament will be published this month on the Polygon Network…
Nonfungible token (NFT) entrepreneur Wylie Aronow has confirmed he is not ready to return to Yuga Labs, the NFT company he co-founded, despite “steady progress” in his health.“I’m not ready to work part-time again. I have to be around for a long time for those who need me.” Aronow said We addressed rumors of a potential return on December 11th. “My point is that although my health is steadily improving, there are still some pretty wild swings. And this is a marathon for me.”Aronow explained that some days she feels ready to throw herself into the “deep end,” while other…
Bitcoin price fell 5% over the past 24 hours, trading at $41,645 on December 11. Despite the sharp price correction, technical indicators and on-chain data show that Bitcoin (BTC) is still showing strength as its price struggles to regain its footing. Over $44,000.Bitcoin price is “overextended,” according to on-chain data.Bitcoin fell as much as 7.2% to $40,300 on Coinbase, sparking conversation among analysts. Julio Moreno, head of research at on-chain analytics firm CryptoQuant, said the price of the flagship cryptocurrency “has overheated following its recent rise past the psychological level above $40,000.” Some metrics are flagged #Bitcoin The price has…
December 11th Bitfinex Alpha | Beware of price modifications Posted at 13:42h On Bitfinex Alpha Maria Lobusova This week’s on-chain analysis focuses on key inflection points in the Bitcoin market and where they play out. The recent surge in BTC has led to it reaching a significant resistance level of $45,000. This surge represents an increase of over 170% since the beginning of the year and would see a complete reversal of the 64% decline experienced in 2022. However, it is important to note that a core group of investors – the so-called medium-term investors (holding for 2-3 years) -…
Within a few minutes on Sunday evening, BTC plummeted from around $43,800 to around $40,500 in what could be called a “flash crash.” The price quickly recovered to $42,400, but began to fall again in the afternoon in the US, falling to $40,200, breaking the upward trend of a week ago.
Among the most pivotal blockchain and cryptocurrency apps we see in real life every day are technologies that aim to change the world through financial inclusion. Decentralized platforms like eTukTuk help empower unbanked populations around the world who often rely on informal financial systems. Certain regions of the world, especially developed and underdeveloped regions, are home to huge populations excluded from the global financial economy. eTukTuk offers a solution to the common financial challenges faced by most unbanked people. The project has become one of the most recognized phenomena, functioning as a decentralized AI and blockchain-based transportation system that aims…