Author: News Room
While the decline in Bitcoin and altcoins makes investors nervous, on the other hand, the expectation of an increase in the market continues. While different opinions emerged about the recent decline, whether the decline will continue or the rise will begin with the recovery, the latest assessment came from Santiment. Accordingly, Santiment stated that although there was an alarming decline in BTC and altcoins, investors remained strong and the upward expectation continued. Santiment argued that the opportunity to buy the bottom in Bitcoin and altcoins will come when the community is more negatively sentimental, that is, speaking more bearish words.…
TOZ Universe announces its partnership with ALTAVA, which specializes in helping NFT items and metaverse platforms by providing necessary opportunities to enhance the experience of real-world brands by considering its virtual spaces. Through this partnership, different methods to incorporate the AI-driven 3D fashion of ALTAVA can be expanded into the ANIPANG world. Through this, creative innovation in the fashion world can be initiated. This algorithm allows a virtual trial experience for consumers to see their looks carrying new attire. It is made to use computer vision to analyze body shape sizes. Through this, community engagement and collaboration can be promoted…
In the SBF trial ruling, disgraced FTX Founder Sam Bankman-Fried was sentenced to 25 years in prison. Moreover, he has been imposed with supervised release as part of a comprehensive judgment in a high-profile fraud case. The ruling, handed down by U.S. District Judge Lewis A. Kaplan, denotes that Bankman-Fried will be eligible for 21 years of supervised release. Read the full article here
The first season of Crypto: The Game was a viral, “Survivor”-inspired phenomenon that had players around the world competing in online and IRL challenges for a chance to win a prize pool of $115,000 worth of Ethereum (ETH). And everything is apparently bigger the second time around. Tickets to play in season 2 of Crypto: The Game are available today for a season with more players, big industry sponsors, and new on-chain game mechanics—and it’s all happening on Ethereum scaling network Base. But with everything kicked up a couple notches, can the new season recreate the same viral magic that…
Kraken’s Chief Technology Officer, Vishnu Patankar, recently discussed the significant impact of artificial intelligence (AI) on the cryptocurrency industry, emphasizing its potential to resolve scalability challenges inherent to the sector. As outlined by Patankar, the crypto industry’s volatility and the constant demand placed on core operational functions such as account sign-ups, client responses, and token listings make traditional hiring models inefficient. Patankar notes that the rapid pace and startup nature of the crypto space often result in high turnover rates and elevated operational costs, exacerbated by the industry’s competitive hiring environment. According to the Kraken CTO, these dynamics underscore the…
The Book of Meme (BOME) price exhibits strong potential for growth, indicated by its RSI 1D near the overbought territory at 70, signaling robust buying interest. With the ADX at 46, the strength of the current uptrend suggests further increases. A golden cross in the EMA Lines also supports a bullish outlook. These factors combined point towards a continued upward movement for the BOME price, backed by compelling technical indicators of an enduring positive trend. Book of Meme 1D RSI Shows Room for Growth The BOME 1D Relative Strength Index (RSI) currently stands at 70.6, marking a slight decline from…
Over 35 cryptocurrency entities, spearheaded by Nexo, have initiated a campaign to introduce a bitcoin emoji, uniting more than 170 million community members in the process. Campaign for Official Bitcoin Emoji Gains Momentum In a push for digital culture recognition, Nexo, alongside more than 35 cryptocurrency organizations, has launched a campaign aimed at securing a […] Read the full article here
The digital asset markets expanded substantially over the first quarter of 2024, catalyzed by an end to the decade-long effort to introduce spot Bitcoin ETFs in the US. While Q1 was a turning point in many ways, Q2 kicked off on a turbulent note. Bitcoin’s plunge below $65K and the substantial decline in altcoins’ market caps is a concerning retracement as April unfolds. Despite this downturn, the crowd sentiment remains resilient. Crowd Confidence According to Santiment’s latest analysis, the crowd appears to be displaying confidence in the potential for a swift recovery. The on-chain analytics firm found that the frequency…
As the crypto market faces selling pressure, Michael Saylor, Chairman of MicroStrategy, has a bold statement about BTC: it is time to bet on the future of Bitcoin. The cryptocurrency market is currently witnessing a sharp downturn, with Bitcoin and other major digital assets seeing significant price declines. This “crypto bloodbath,” as it has been dubbed, has shaken investor confidence and prompted speculation about the sustainability of the recent bull market. Amid this backdrop, Bitcoin’s value dipped to $65,000, a stark contrast to the all-time highs above $73,000 it once commanded. Saylor, a long-time Bitcoin advocate, has issued a statement…
Skywards, a prominent organization in the DeFi ecosystem, has put forward a proposal to integrate a staking version of Ethena’s synthetic dollar, sUSDe, into Aave V3 on Ethereum. This proposal follows the consensus reached during the TEMP CHECK phase and signals potential improvements to the Aave protocol. sUSDe offers a stable crypto solution with profitable income opportunities, making it an attractive asset for borrowers in the Aave ecosystem. Risk parameters for the integration will be provided by Chaos Labs, highlighting Aave’s commitment to robust risk management practices. Notably, Skywards is promoting this proposal by emphasizing community-driven decision-making and transparency in…