Author: News Room
Hackatao, the visionary duo of Web3 artists, debut on The Sandbox with the new surreal NFT game “Hack The Tao”. The game features characters inspired by the world of art and crypto. Hackatao and the new surreal NFT game ‘Hack The Tao’ on The Sandbox Hackatao and Hack The Tao: the new surreal NFT game on The Sandbox The Aleph-0 generative art project Hackatao and the new surreal NFT game ‘Hack The Tao’ on The Sandbox Hackatao, the famous Web3 artist duo, are launching their new NFT-based game on The Sandbox this spring 2024. It’s called “Hack The Tao” and…
SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is a global messaging network used by banks and other financial institutions to securely transmit information and instructions through a standardized system of codes. Established in 1973 and headquartered in Belgium, it facilitates the vast majority of international wire transfers, making it a cornerstone of the global financial infrastructure. SWIFT does not actually transfer funds, but instead sends payment orders that must be settled by correspondent accounts that the institutions have with each other. This network is crucial for the execution of international trade, helping businesses and individuals across the world…
Fetch.ai (FET) price marked an all-time high earlier this month, and since then, it has been in consolidation. Although the altcoin has attempted to chart a fresh high more than a few times now, there is a chance that FET might make it this time. Fetch.ai Price Sees Support From Investors Fetch.ai’s price has been in an uptrend for the past day and is closing in on breaching a crucial resistance level of $2.85. Flipping it into support would result in the altcoin pushing on towards the all-time high of $3.07. In the process of charting highs, the support an…
The Government of Paraguay will strengthen the measures directed to combat the illegal cryptocurrency mining operations in the country. In a recent meeting, ANDE, the National Power Administration, the Supreme Court, and the Department of Justice, agreed to deal with these crimes swiftly given the damages they cause to the Paraguayan power grid. Paraguay Prepares […] Read the full article here
A closely followed trader says we “haven’t seen anything yet” as far as a crypto bull run, and is anticipating rallies for several altcoin projects. Pseudonymous trader Criptopaul tells his 145,000 followers on the social media platform X that digital assets are edging toward a “parabolic phase” which will likely begin by Ethereum (ETH) outperforming Bitcoin (BTC). “I assure you that you haven’t seen anything yet. -Ethereum still has to outperform BTC and do ATH -every other layer1-2 outperform Ethereum -new ath on most of the altcoins that have worked hard since the previous cycle. -We will probably see a…
The co-founder of the BitMEX crypto derivatives exchange Arthur Hayes is offering his prediction on Ethereum (ETH) less than three months after the approval and subsequent listing of spot Bitcoin (BTC) exchange-traded funds (ETFs). In a new The Wolf of All Streets interview, Hayes says he expects demand for Ethereum to pick up, especially if the U.S. Securities and Exchange Commission (SEC) greenlights applications for spot ETH ETFs. “I think ETH is going to catch a really big bid, especially if these ETFs are going to pass. And why do I think the ETFs on ETH and Solana and all…
Craig Salm, the Chief Legal Officer at Grayscale, suggested that the US SEC’s “perceived lack of engagement” with spot Ethereum exchange-traded funds (ETFs) applicants wouldn’t be a decisive factor that would hinder the prospects of such products. In a March 25 post on X (formerly Twitter), Salm said the Ethereum ETFs would be approved because “the SEC already has engaged” with the issuers during the application process for a spot Bitcoin ETF. Why the SEC could approve Ethereum ETFs According to him, during the approval of spot Bitcoin ETFs, the financial regulator worked out key issues, including creation and redemption…
Bitcoin (BTC) has established a local bottom at $56,000 for its current trading range following a 17.5% decline from an all-time high of $73,700. Bitfinex analysts revealed in the latest edition of the Bitfinex Alpha report that the primary factor behind BTC setting a bottom is the stabilization of flows into spot Bitcoin exchange-traded funds (ETFs). This shows that demand for the asset is beginning to slow down, allowing the market to find its equilibrium. Bitcoin Establishes Local Bottom Historical Bitcoin market cycle patterns show that significant declines from local highs have never been more than 23%. This was seen…
Cryptoquant founder and analyst Ki Young Ju suggested that demand for Bitcoin ETFs may increase even as the Bitcoin (BTC) price continues to fall. In a post, Ju used historical net flow trends to support his prediction. According to Ju, demand for Bitcoin ETFs generally increases when the BTC price reaches certain support levels. However, the analyst noted that net flows of Bitcoin spot ETFs are currently slowing. “Demand may recover if BTC price approaches critical support levels,” Ju said. He also announced that the on-chain cost basis for new whales, primarily ETF buyers, is $56,000. In bull markets, corrections…
Verifiable oracle protocol ORA is launching its on-chain AI oracle (OAO) on Ethereum mainnet. Although the initial launch of OAO is on Ethereum, over the coming weeks the oracle will also be live on Optimism, Base, Polygon and Manta. Implementing machine learning (ML) or AI onto the blockchain gives machine learning computation access to blockchain verifiability, validity, fairness and transparency. Despite the benefits, there have been difficulties with bringing AI on-chain. First, to enable decentralization, multiple nodes must run complicated machine-learning computations. However, this is rather costly and time-consuming. Additionally, Ethereum’s computation environment is specifically designed for EVM smart contracts…