World Macroeconomics contrary wind rattle password marketS. Encryption price Recovery phase in the second half of the week. Macroeconomic factors continue to negatively impact the cryptocurrency outlook. This week, the cryptocurrency market faced renewed volatility as a wide range of economic factors weighed heavily on digital assets. The sell-off during the week brought the total market cap below $2 trillion, showing that the market is sensitive to external pressures. However, on Thursday, there was a modest recovery, with the total cryptocurrency market cap surpassing $2 trillion. This provided temporary relief, but it is unclear whether this momentum will continue or…
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DeFi • September 5, 2024, 12:04 PM EDT Posted 1 minute earlier ~ in According to a press release published on Thursday, JOJO Exchange, a decentralized exchange (DEX) for perpetual futures trading that operates on the Base Network, has implemented Chainlink Data Streams as an oracle solution.Quoted Exchange Chain linkInfrastructure, sub-second price latency, and high data accuracy were cited as key reasons for the integration. The use of liquidity-weighted bid-ask spreads and the protocol’s emphasis on transparency and decentralization were also cited as deciding factors.“Chainlink Data Streams provide ultra-low latency bid and ask data to power the JOJO protocol, enabling…
Wang Long Chai 05 Sep 2024 16:40 Volvo’s new electric EX90 SUV, built on NVIDIA’s DRIVE Orin SoC, offers advanced safety and autonomous driving capabilities. Volvo Cars’ latest product, the all-electric EX90 SUV, is now rolling off the automaker’s assembly line in Charleston, South Carolina, and into dealerships across the U.S. The vehicle is built with cutting-edge NVIDIA technology to ensure advanced safety features and performance. Advanced Computing for Enhanced Safety The Volvo EX90 is equipped with the NVIDIA DRIVE Orin system-on-chip (SoC), which processes more than 250 trillion operations per second (TOPS). This…
A well-known cryptocurrency analyst and trader offers his opinion on the real-world asset (RWA) project that has surged more than 40x since December 2023. A trader known by the pseudonym Sherpa told his 222,500 followers on social media platform X that RWA blockchain MANTRA (OM) is a “powerful project.” “OM is still in the same trading range and has held up much better than most other altcoins. I am still in this cycle as a RWA bet and think we will see a bit more downside before the next upside.” Source: Altcoin Sherpa/X As of this writing, OM is trading…
Like Bitcoin, Ethereum has faced significant challenges in recent months, and has struggled to sustain a major price rally. After reaching a high above $4,000 in March, Ethereum has continued to decline and has not been able to break out of this bearish trend. The second-largest cryptocurrency by market cap has lost more than 5.9% of its value over the past two weeks and is currently hovering around $2,400. Ethereum, which is currently trading at $2,434, is down 2.4% over the past week and 0.4% over the past 24 hours. Will there ever be a rebound to $4,000? Despite this…
Bitcoin (BTC) hit $57,000 at the opening of Wall Street on September 5, as U.S. stocks rose following the release of macroeconomic data.BTC/USD 1-hour candlestick chart. Source: TradingViewU.S. jobs data boosts hopes for bumper rate hikeAccording to data from Cointelegraph Markets Pro and TradingView, the BTC price appeared to briefly reverse the downtrend that began after the previous day’s close.BTC/USD fell 2.3% on the day, with some relief coming from a rebound in U.S. stocks as macroeconomic data supported the possibility of an upcoming rate cut. Among the data released, there was a notable shortfall in private-sector payrolls, which rose…
Company • September 5, 2024 10:33 AM EDT Posted 1 minute earlier ~ in Uphold, a trading platform with approximately 12 million users, is launching a US dollar interest account that can earn up to 5% APY (Annual Percentage Yield).The company’s CEO, Simon McLaughlin, said the move was aimed at attracting new customers and encouraging users to keep more capital on the platform.“Our primary goal is to make Uphold attractive and get a lot of new customers in the mass market,” McLoughlin told The Block. “It’s also just a safer way for people to hold dollars on the platform. It’s…
reporter Posted: September 5, 2024 Vitalik Buterin’s transfer of 1.3 million STRK tokens sparked speculation and market volatility. Following Buterin’s transfer, STRK’s price rose 4.53%, hinting at a potential rally. Rumors of a potential massive sell-off have spread recently after Ethereum (ETH) co-founder Vitalik Buterin moved 800 ETH, worth $2.1 million, to a multi-signature wallet. Vitalik Buterin Moves STRK On September 4, Buterin unlocked and withdrew 1,268,000 Starknet (STRK) tokens from the Starknet locked token grant contract, worth $470,000. The news was reported by Wu Blockcahin’s X post. “Vitalik Buterin currently holds a total of 2,113,000 STRK, which is worth…
Louisa Crawford September 5, 2024 13:42 Bitfarms will be attending HC Wainwright’s 26th Annual Global Investment Conference in New York, where CEO Ben Gagnon will be participating in a Bitcoin mining panel. Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin (BTC) data center company, will attend HC Wainwright’s 26th annual Global Investment Conference. The event will be held in New York City from September 9-11, 2024, according to GlobeNewswire. Conference Participation Details Bitfarms CEO Ben Gagnon will be joining the Bitcoin Mining Panel on September 10th at 11am ET. The panel will also feature other…
Crypto-centric travel platform Travala has made a major step forward in cryptocurrency adoption by integrating with the global Skyscanner marketplace.According to an announcement shared with Cointelegraph, this is Skyscanner’s first implementation of a cryptocurrency-based application.According to Sanja Vukik, Skyscanner’s head of hotels, this new partnership highlights Skyscanner’s commitment to offering a range of payment methods to meet the growing needs of travellers.“By integrating Skyscanner’s market-leading search capabilities with Travala.com’s cryptocurrency-based platform, we are making travel planning more accessible and flexible for a growing number of travelers who prefer alternative payment methods.”With access to Skyscanner’s 110 million+ monthly active users, Travala…