Author: News Room
Artificial intelligence (AI) could breed a dangerous new category of crypto-based crime in the coming years, according to blockchain intelligence platform Chainalysis. Crypto Criminals Adopting Artificial Intelligence During a private video webinar viewed by Cryptonews on Thursday, Chainalysis Cybercrimes Research Lead Eric Jardine summarized growing and shrinking trends in illicit blockchain activity in 2023, and predicted what sorts of tactics criminals will adopt next. We’re excited to announce that our 2024 Crypto Crime Report is now available! You can download your copy here. Want a preview first? Keep reading this thread for one key takeaway from each chapter. https://t.co/t8wgHJZ8he pic.twitter.com/MhY00Hw0yM…
The South Korean gaming behemoth WeMade is hopeful that its massive blockchain gaming drive is finally starting to pay dividends, media reports claimed on March 13. Business Post claimed that the industry was “paying attention” to the firm amid the crypto bull market. South Korean Gaming Firm’s Token Booming WeMade began its ambitious crypto pivot back in 2018, first spinning off a dedicated blockchain gaming affiliate and then later reincorporating it. Its flagship project is arguably the WEMIX coin and platform. Despite a controversial domestic delisting decision in late 2022, WEMIX is now enjoying its day in the sun. On…
A popular cryptocurrency analyst has recently suggested that the price of the native token of the XRP Ledger, XRP, could soon move to the $27 mark within the current market cycle, with his analysis hinging on a perceived similarity between XRP’s current price chart and historical patterns observed in 2017. The analyst, EGRAG Crypto, pointed to a crossover between XRP’s 20-day and 50-day simple moving averages (SMAs), mirroring a similar technical indicator that preceded XRP’s breakout in late 2017, before the cryptocurrency moved to an all-time high above $3. Back then, a 350-day price consolidation period with 49 weekly candles…
Pepe price reignited the bullish sentiment among investors on Wednesday after charting a substantial rise on the charts. This instilled hope among a certain group of investors of witnessing profits again. However, broader market conditions pose a roadblock in the meme coin’s path to achieving a new all-time high. Investors’ $900 Million Target Pepe’s price registered a 643% rally since the end of February to bring the price to an all-time high of $0.00001084, with the intra-day high hitting $0.00000996. These gains, however, were corrected over the last week until Wednesday’s rally, which reclaimed some of the losses. Trading at…
Contrary to the perception that decentralized applications (dapps) are unstoppable, many are “reliant on centralized middleware components in the extreme.” James Bayly, COO at Subquery, argues that such an overreliance on centralized middleware components or their providers “completely undermines [the] supposedly decentralized applications and networks.” The Value of Centralization in Web3 However, in his written […] Read the full article here
Coinbase founder and CEO Brian Armstrong is saying that Ethereum (ETH) is a commodity under US federal law just like Bitcoin (BTC). The classification is an important one as the U.S. Securities and Exchange Commission (SEC) is considering several applications to launch ETH exchange-traded funds (ETFs). The SEC approved ETFs for Bitcoin earlier this year. Armstrong says in a new Bloomberg interview that the SEC should approve the ETH ETFs without delay given the fact that they approved the BTC ETFs. However, according to Armstrong, there remains a conflict among federal agencies over whether to classify ETH as a security,…
After several days of charting new local lows, Bitcoin’s price reversed its trajectory following the latest FOMC meeting and soared by over seven grand at one point. Numerous altcoins have performed even better on a daily scale, and some of the biggest gainers come from the meme coin cohort. BTC’s Recovery The primary cryptocurrency was in a state of a freefall ever since last Thursday, when it actually charted its latest all-time high of almost $74,000. This came after gaining over ten grand within the past week or so. The asset slumped by about eight grand the next day and…
Scott Melker, also known as the “Wolf of All Streets,” has shared some concerns regarding the bitcoin market. Pointing to his “top signals,” he cautioned that the market could “cool off massively for a few months before hopefully ramping up again in the fall.” This Market Could ‘Cool off Massively’ Scott Melker, also known as the “Wolf of All Streets,” shared his concerns regarding the current bitcoin market in a post on social media platform X on Monday. Melker is a well-known trader, investor, writer, and host of the Wolf of All Streets podcast. In 2020, he won the Binance…
Cosmos-based decentralized exchange Astroport is set to deploy its passive concentrated liquidity (PCL) pools on Osmosis, the largest Cosmos-based DEX by volume, following successful governance votes on both platforms. This move marks an alignment between two of the most active DEXes in the Cosmos ecosystem, aiming to improve the overall trading experience and capital efficiency for users. PCL pools, which aim to provide the benefits of concentrated liquidity without requiring active management, will be offered alongside Osmosis’s existing “supercharged liquidity” pools. Astroport’s pools utilize an advanced repegging algorithm that automatically concentrates liquidity around the exponential moving average of ongoing trades.…
ITEM Systems has announced plans to install a new non-fungible item bronze plaque at a mural located in Santos, Brazil. The associated mural was installed to celebrate the 150th anniversary of the first wave of Italian immigrants to the region, many of whom came from Genoa, Italy. Similar to those installed at DENVER WALLS, the NFI plaque will offer tap-and-scan functionality for mural visitors to learn more about the artwork, its artists, and the piece’s cultural significance to the region. Entitled A Sea of Hope, the mural is part of local municipal efforts to revitalize the Valongo neighborhood in the…