Bitcoin rose 8.2% in the seven days through September 25, rising from $59,886 to $64,816, but the $64,500 resistance level proved more difficult than expected. Weak macroeconomic data reduced investors’ risk appetite, but other factors also contributed to triggering the Bitcoin price correction on September 25.Fears of a recession are affecting investor sentimentAccording to Yahoo Finance, the median price of a new home in the U.S. fell 4.6% year over year in August, the fastest pace of price growth since early 2022. Home prices have now fallen for seven straight months, marking the longest decline since 2009. Notably, housing inventory…
Author: Crypto Flexs
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A Singapore court has granted WazirX a four-month grace period to disclose its wallet addresses and financial accounts. Key ContentsA Singapore court has granted WazirX a four-month grace period to formulate a restructuring plan.WazirX will also be required to disclose its full financial accounts within six weeks and conduct a vote on its recovery plan on an independent platform.Trading on the exchange is suspended. A Singapore court has reportedly granted Indian cryptocurrency exchange WazirX a four-month reprieve after the exchange sought relief following its $234 million hack in July. The ruling, announced on September 25, includes several conditions that the…
Truflation, a blockchain-based inflation data platform, has confirmed it has been hit by a malware attack, which blockchain analysts estimate could have resulted in losses of up to $5.2 million.“The Truflation team has detected unusual activity. Attackers have launched attacks using malware,” the project said in a September 25 post to X.Truflation added that it is monitoring the incident and working with “key industry partners” and law enforcement to take steps to protect funds. The project, which is backed by Coinbase Ventures, Chainlink, and others, said it is trying to contact the hackers and is open to negotiations. It also…
Swiss stock token specialist Aktionariat AG announced on Thursday that it has partnered with brokerage Taurus SA. Under the agreement, Taurus, a digital asset infrastructure provider, will provide services for certain Ethereum-based tokenized shares issued by Aktionariat. In return, Aktionariat will provide its client companies with a path to be listed on the Taurus Digital Exchange (TDX). This collaborative project is scheduled to be released in November. “This collaboration combines Aktionariat’s expertise in tokenizing Swiss corporate shares with Taurus’ institutional-grade trading technology. It aims to increase liquidity and unlock value for tokenized (SMEs) and their stakeholders by providing access to…
In addition to the monthly burn, Binance will conduct an additional 5 LUNC burns in September. The LUNC community is expecting huge losses for LUNC due to TerraForm bankruptcy. Despite its 10% gain, Terra Luna Classic lagged in one important metric. Amid the development whirlwind of the Terra Luna Classic (LUNC) blockchain, Binance has decided to raise the bar for the LUNC burn. So far, major backers of the Terra Classic burn have contributed $64.47 billion to this initiative. In addition to the regular practice of burning 50% of the accumulated LUNC trading pair fees on the 1st of every…
Ted Hisokawa 26 Sep 2024 04:59 The Guacamaya Project uses AI and satellite technology to protect the Amazon rainforest, monitor deforestation, and preserve biodiversity. Project Guacamaya, an innovative initiative leveraging Microsoft AI, is making significant progress in combating deforestation in the Amazon rainforest. According to Source LATAM, the project uses satellite imagery, camera traps, and bioacoustics to monitor and protect biodiversity in the region. Amazon’s biodiversity in crisis The Amazon rainforest, known as the most biologically complex environment in the world, is home to millions of species of plants, birds, and wildlife, many of…
Photo by edmund of wallpapers.com Key Contents Kamala Harris advocates for American leadership in blockchain to shape the economy of the future. Harris’ economic plan includes a big emphasis on digital assets and AI. Share this article Vice President Kamala Harris has pledged that under her leadership, the U.S. will “recommit” to global leadership in emerging technologies like blockchain, AI and quantum computing.In a video shared by Adam Cochran, managing partner at Cinneamhain Ventures, Harris is seen discussing emerging technologies, arguing that the U.S. needs to take the lead in these areas. Harris said in a recent speech today that…
Ether (ETH) is trying to hold above the $2,600 resistance level after rising 15.1% between September 18 and September 23. Recent macroeconomic data showing a weakening economy has fueled the rally in stocks, increasing demand for short-dated Treasuries. In this context, traders are betting that the upcoming $2.78 billion monthly Ether options expiry on September 27 will solidify the current bullish momentum.Why Ether Price Is Improving The surge in Ether prices was largely driven by the U.S. Federal Reserve’s rate cut, signaling a shift toward more accommodative monetary policy. As a result, the S&P 500 hit a record high on…
A crypto strategist known for his timely altcoin predictions believes one challenger to Ethereum (ETH) is ready for a major rally. Anonymous analyst Blunts told his 275,500 followers on social media platform X that NEAR had broken the diagonal resistance of a falling wedge pattern on the 3-day chart. A falling wedge structure is considered a bullish reversal signal as it suggests that buyers are intervening to slow the rate of decline in the asset price. Bluntz says: “The 3-day candle close is imminent and NEAR is currently showing a beautiful trend breakout.” Source: Bluntz/X Bluntz said that upon closer…
According to renowned blockchain detective ZachXBT, Truflation, a cryptocurrency project backed by Coinbase Ventures, had around $5 million stolen from “Treasury multisig and private wallets.””Project Truflation has been hacked ZachXBT posted on his Telegram channel that “over $5 million was invested a few hours ago across multiple chains from the Treasury multisig and private wallets.”Around the same time, Truflation posted on X that it had “detected unusual activity” and had been hit with malware. “We are currently monitoring the situation and taking steps to secure our funds while we investigate and cooperate with law enforcement,” the project said. Truflation also…