A prominent crypto strategist believes one popular MME coin could have even greater upside potential. Altcoin Sherpa, an anonymous analyst, told his 217,600 followers on social media platform X that PEPECOIN could see a major pullback before resuming its uptrend. “The mighty PepeCoin is doing well right now and showing a lot of strength. Whether it will continue its momentum is yet to be seen, but watch out for the 200-day EMA (exponential moving average) around here. $2.30ish would be a decent entry point in the short term. I have the bag.” Source: Altcoin Sherpa/X PepeCoin is trading at $2.97…
Author: Crypto Flexs
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polygon Matic +2.87% The community Discord was hacked for about 4 hours on Saturday morning, but control of the community has now been restored. The hack reportedly resulted in the theft of approximately $145,000 worth of assets from one user. “We have restored access to the Polygon Community Discord server and strengthened its security. We have disabled all external bots and integrations while we conduct a security review of each bot and integration to prevent something like this from happening again,” Polygon wrote on X. Around 5am GMT, a fraudulent message was posted to the Polygon Discord, appearing to come…
Wang Long Chai Aug 23, 2024 07:18 AMD’s generative AI solutions, including the MI300X accelerator and ROCm software, are transforming business operations. Learn how AMD is leading the AI revolution. Generative AI has the potential to transform a wide range of business operations by automating tasks such as text summarization, translation, insight prediction, and content creation. However, fully integrating this technology poses significant challenges, especially in terms of hardware requirements and cost. According to AMD.com, running a powerful generative AI model like ChatGPT-4 can require tens of thousands of GPUs, with each inference instance…
DOT ranks 8th on the list of blockchains by development activity (weekly commits). DOT’s price action has turned bullish, but the trend may change soon. Polkadot (DOT) It has long been known for its strong development activity. However, data seems to suggest that this trend may soon change. Could this recent slowdown in development have an impact on the token’s recent rally? Polkadot development activity halted Coin98 Analytics recently shared: tweet We reveal the top blockchains in terms of weekly development activity. It was surprising that DOT did not make it to the top 5 on the list. According to…
The Cardano (ADA) price has recovered $0.38 for the first time since August 2, following an 18% gain over the past seven days.. What’s interesting is that this price increase coincides with a disclosure that may force ADA holders to sell some of their holdings. Cardano Holders Prepare to “Sell News” On Friday, August 23, Cardano founder Charles Hoskinson announced on X that the long-anticipated Chang hard fork had been postponed. According to Hoskinson, the development was necessary because some layer 1 centralized exchanges, including Binance, were not ready for the upgrade. “Binance and a few others seem to need…
According to a report from the reputable French news site TF1, Telegram founder and CEO Pavel Durov has been arrested in France and detained by agents of the French National Anti-Fraud Agency. Durov was reportedly arrested after traveling from Azerbaijan to Paris’ Le Bourget Airport with a woman and a bodyguard. The airport only serves private jets. According to reports, Durov was the subject of a search warrant by OFMIN, France’s investigative agency for combating child sexual exploitation, following a preliminary investigation. The news article noted that billionaire Durov rarely travels to Europe, possibly in an attempt to avoid being…
James Ding 23 Aug 2024 08:20 BitMEX launches SUNDOGUSDT perpetual swaps, offering traders up to 50x leverage on the new listing. Leading cryptocurrency trading platform BitMEX has announced the listing of SUNDOGUSDT, a new perpetual swap trading pair available with up to 50x leverage (see BitMEX blog). Details about the new list SUNDOGUSDT perpetual swaps began trading today at 04:00 UTC. Traders on BitMEX now have access to this new tool that allows for significant leverage, amplifying potential returns. However, this comes with increased risk. Transaction Specifications The SUNDOGUSDT pair offers up to 50x…
Top Stories of The Week Partner of ex-FTX exec hit with campaign finance charges United States authorities have charged Michelle Bond, the partner of former FTX Digital Markets co-CEO Ryan Salame, with violations of campaign finance law. In an indictment unsealed on Aug. 22 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams alleged Bond and an unnamed co-conspirator illegally funded her run for the U.S. House of Representatives in 2022. Prosecutors charged Bond with conspiracy to cause unlawful campaign contributions, causing and accepting excessive campaign contributions, causing and receiving an unlawful corporate…
Top Stories of The Week Partner of ex-FTX exec hit with campaign finance charges United States authorities have charged Michelle Bond, the partner of former FTX Digital Markets co-CEO Ryan Salame, with violations of campaign finance law. In an indictment unsealed on Aug. 22 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams alleged Bond and an unnamed co-conspirator illegally funded her run for the U.S. House of Representatives in 2022. Prosecutors charged Bond with conspiracy to cause unlawful campaign contributions, causing and accepting excessive campaign contributions, causing and receiving an unlawful corporate…
Recent documents filed in connection with FTX’s bankruptcy filing detail how the U.S. trustee overseeing the case and a group of creditors are opposing the bankrupt cryptocurrency exchange’s revised reorganization plan.The U.S. bankruptcy trustee outlined 10 flaws in the revised reorganization plan that FTX’s estate said a significant number of creditors approved. Most notably, it included a broad statutory exemption for many people involved in the bankruptcy, unequal repayment of creditors based on size, and the bankruptcy estate’s refusal to waive costs related to a data breach the service provider suffered last year. “Estate experts have sought millions of dollars…