Bitcoin price fell to $62,705 in the early hours of September 26, temporarily losing hope for the bulls after suffering a third rejection of the $64,000 resistance level in just four days. However, as the US stock market opened, the tide turned and the S&P 500 index hit a new all-time high. Bitcoin (BTC) soon rose more than 3% to regain the $65,000 level.S&P 500 futures (magenta) and Bitcoin/USD (blue). Source: TradingViewSome market analysts believe that macroeconomic trends, including lower U.S. interest rates and renewed interest from long-term institutional investors, have strengthened Bitcoin’s chances of reaching $70,000. Essentially, with U.S.…
Author: Crypto Flexs
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Kamala Harris pledged support for cryptocurrencies and AI at a fundraiser in New York. The AI cryptocurrency sector grew 35% in a week, reaching nearly $3 billion in daily trading volume. The revamped Fetch aims to add a fourth member to the ASI alliance. The ongoing political debate between Kamala Harris and Donald Trump has reached the next level with the Democratic candidate championing the artificial intelligence (AI) and digital asset sectors during her fundraising campaign. Attempts to improve the relationship between Democrats and cryptocurrencies have already paid off, with some AI cryptocurrency tokens seeing double-digit gains.The $30 billion AI…
Darius Varu September 27, 2024 05:28 Montai Therapeutics is collaborating with NVIDIA to develop a multimodal AI platform for drug discovery using NVIDIA NIM microservices. Montai Therapeutics, a leading company, is making significant progress in drug discovery by leveraging a multimodal AI platform developed in collaboration with NVIDIA. According to the NVIDIA Technology Blog, this innovative platform uses NVIDIA NIM microservices to address the complexities of computer-based drug discovery. The role of multimodal data in drug discovery New drug development aims to develop new treatments that effectively target diseases while minimizing side effects for…
Decentralized finance (DeFi) projects and the Ethereum (ETH) layer 2 blockchain are suddenly surging after receiving support from Coinbase. Coinbase, the leading U.S. cryptocurrency exchange platform, announced in a new announcement that it is adding DeFi platform Moonwell (WELL) and Ethereum scaling solution ZKsync (ZK) to its product line. According to Coinbase, customers can now buy, sell, stash, send, receive or store WELL and ZK starting today. Both WELL and ZK were blown away by the listing news. On this day, the two assets gained 31.22% and 4.21%, respectively. WELL is trading at $0.0389 at the time of this writing,…
Before the United Nations General Assembly, President Nayib Bukele highlighted El Salvador’s achievements since his first term, citing the country’s economic revival and improved personal security. Bukele also said that humanity is facing a new dark age and that El Salvador (…)
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Learn how RCO Finance can achieve 4,500x returns by 2025, outperforming Solana and Ethereum. Despite the massive networks of Ethereum and Solana, one Wall Street expert claims that a new altcoin, RCOF (RCOF), will beat them and see a strong 4,500x valuation by 2025. Interestingly, investors are already betting heavily on the experts’ outlook by investing heavily in the ongoing token pre-sale. How AI and Security Will Match RCOF with Expert Predictions According to predictions from Wall Street experts,…
If Brown loses, it becomes much more likely that Republicans will take the Senate majority and that Senator Tim Scott (R.S.C.) will become the next speaker. Scott’s views on cryptocurrencies have been quiet for a long time, but he recently cheered digital asset innovation at the Nashville Bitcoin 2024 event, and at the Wyoming Symposium hosted by the SALT Conference, he said he would open a subcommittee on cryptocurrencies if he wins the gavel. It was revealed.
World Coin fined $850,000 in South Korea The Worldcoin Foundation and Tools for Humanity have been criticized by South Korean authorities for illegally collecting and transmitting biometric information. The Personal Information Protection Commission announced on September 26 that it had imposed a fine of 1.1 billion won ($850,000) on Worldcoin and its contributor Tools for Humanity. The country’s privacy watchdog said it began investigating Worldcoin earlier after complaints and local media reports about the project collecting biometric data in exchange for cryptocurrency without proper consent or legal basis. Worldcoin scanned 30,000 irises in Korea. (Mathias Selis) As a result of…
Even though its overall market capitalization is increasing, Ethereum dominance is decreasing. ETH staying above all weekly moving averages is bullish. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is struggling to maintain its dominance in the broader cryptocurrency market. While the overall market capitalization of cryptocurrencies, excluding stablecoins, is showing a long-term upward trend, ETH’s share of this market is decreasing. Currently, Ethereum’s market dominance is just over 15%, indicating that ETH may be at a critical point. With ETH’s market capitalization currently fluctuating from $546 billion to $316 billion, its efforts to regain dominance are in question. Source:…
U.S. Securities and Exchange Commission Chairman Gary Gensler has doubled down on his stance on cryptocurrencies and warned that the sector will not survive without important investor protections. In an interview with CNBC’s Squawk Box on Thursday morning, Gensler argued that the cryptocurrency industry needs disclosure and pointed to past market turmoil. Several companies will close in 2022, including cryptocurrency exchanges FTXhedge fund three arrow capital Cryptocurrency Lenders Celsius and GenesisAbove all. FTX CEO Sam Bankman-Fried faces criminal charges and ultimately sentenced He was sentenced to nearly 25 years in prison on fraud-related charges. His counterpart, Caroline Ellison, co-CEO of…