Bitcoin (BTC) was volatile on Wall Street on September 12, as recent U.S. macroeconomic data showed mixed signals on inflation.BTC/USD 1-hour chart. Source: TradingViewFed Rate Cut Bet Remains Despite Mixed DataAccording to data from Cointelegraph Markets Pro and TradingView, BTC/USD is down below $58,000, but is still showing slight gains on the day.The U.S. producer price index (PPI) in August rose 0.3% month-on-month, slightly beating expectations, but came in at 2.4% for the year, below expectations.”We saw a similar theme in CPI inflation, where annual and monthly inflation paint different pictures,” trading resource The Kobeissi Letter wrote as part of…
Author: Crypto Flexs
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Despite the DOGS token breaking records, a crypto executive has warned that the token’s accessibility could ultimately lead to its downfall in the long run.On September 10, the TON community page on Telegram announced that 17 million users had claimed the airdrop for The Open Network’s Dogs (DOGS) memecoin. The platform called the event the largest token generation event in cryptocurrency history. According to the platform, the Dogs Mini app already has 53 million users, 42.2 million of whom are eligible to receive the airdrop. With 4.5 million unique wallets holding DOGS, a Telegram community account claimed that “the only…
Bitcoin Bitcoin +2.28% Regardless of the outcome of the U.S. presidential election on November 5, the year could end at a new all-time high.According to Standard Chartered’s Jeff Kendrick,“I think bitcoin will end the year at a new all-time high regardless of who wins the U.S. election. If Trump wins, it will be $125,000, if Harris wins, it will be $75,000,” the bank’s head of foreign exchange and digital asset research said in an email Thursday.The Standard Chartered analyst added that the US presidential election has less of an impact on Bitcoin’s future trajectory than if Joe Biden had been…
Louisa Crawford September 12, 2024 10:42 The UAE has announced a new regulatory framework for virtual assets, aimed at strengthening compliance and encouraging innovation in the cryptocurrency industry. The United Arab Emirates (UAE) is taking a major step towards solidifying its position as a global leader in the virtual asset sector. The Securities and Commodities Authority (SCA) and Dubai’s Virtual Asset Regulatory Authority (VARA) recently announced a comprehensive regulatory framework aimed at improving the operating environment for Virtual Asset Service Providers (VASPs) across the region. This strategic move, which will be formalized on September…
DappSlap automates dApp creation using AI. Unverified smart contracts raise concerns. LLMs make mistakes too, and that raises concerns about dApps. Since ChatGPT was released, there has been a craze for artificial intelligence (AI) applications. Large-scale language models like GPT-4 can output meaningful text, generate images, and even write code. The potential applications are endless, and the cryptocurrency industry is trying to leverage AI for its own purposes. Dappslap, a Solana-based protocol, recently launched a platform that allows users to create dApps with one click using AI. However, experience with AI shows that these highly sensitive applications can have serious…
TADA, a Southeast Asian ride-sharing platform, has joined forces. ton +3.25% TADA Foundation is planning to launch TADA Mini, a Telegram mini app.TADA mini allows web3 users to book rides directly from Telegram and pay using Toncoin without any additional sign-ups or app downloads. USDT -0.04% According to a statement shared with The Block, it is based on the TON blockchain.“To accelerate the successful adoption of Web3 solutions, it is important to build strong partnerships with exciting Web2 platforms that can quickly enable users to become familiar with the many benefits of Web3,” said Harvey Kim, TON Foundation’s Korea Country…
Bitcoin, the original cryptocurrency, has come a long way from its unofficial past. It has grown from an experimental digital currency that occupied a cypherpunk niche on the internet to a trillion-dollar asset with a market cap of over $66,900 per coin as of this writing.Investing in Bitcoin is still considered a wild adventure, but the asset is maturing quickly. Financial institutions are creating hybrid vehicles to invest in cryptocurrencies. The ecosystem has reached a new milestone with the emergence of Bitcoin ETFs, and people have realized the potential of Bitcoin in the existing market, creating new demand.As more people…
New UK law recognizes Bitcoin and other digital assets as personal property The new law provides cryptocurrency owners with greater legal protections. The UK Parliament has introduced new legislation that would clarify ownership of digital assets by recognising Bitcoin and other crypto assets as personal property. A new draft law, the Property (Digital Assets, etc.) Bill, provides legal protection to cryptocurrency holders. The Bill was introduced into the UK Parliament on September 11, 2024. “For the first time in UK history, digital assets, including cryptocurrencies, non-fungible tokens such as digital art and carbon credits, can be treated as personal property…
According to analyst Jamie Coutts, the smart contract platform has reached an all-time high in active addresses despite the price correction, which is a good sign for the asset class. Citing active address data from analytics platform Artemis, Coutts said the current surge amid price declines is a positive sign. “The daily active addresses metric for the Smart Contract Platform (SCP) has reached an all-time high of 17 million, up from 5 million 12 months ago. The overall market value is down 35% since March, but up 63% from a year ago. This is a healthy correction in a long-term…
Polymarket, a decentralized prediction market platform, says Kamala Harris has a higher chance of winning the upcoming presidential election than Donald Trump.Harris’s multiplication The odds of winning the November election rose to 50% on Polymarket today, with Trump at 49%. That’s after Harris rose to 49%, briefly tying with Trump after Tuesday night’s debate, but Trump later retook the lead on Wednesday, 50% to 49%.The presidential debate between the two candidates has turned into a “news selling” event that stokes risk aversion amid consensus that Trump’s performance against Harris has fallen short of expectations.. ~ in PredictHarris’ odds of winning…