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Polymarket Bets 10% on 2024 US Recession, Analyst Skeptical of Rate Cut’s Impact
25.8.2024
The prediction market Polymarket and CME’s Fedwatch tool suggest that a rate cut during the Federal Open Market Committee (FOMC) meeting in September is highly likely. However, BCA Research’s chief asset allocation strategist, Garry Evans, argues that even if rates are lowered, it won’t stop...
The singularity: How AI could become the final boss whale of crypto
25.8.2024
World-renowned futurist Ray Kurtzweil says the singularity is coming sooner than expected
The singularity: How AI could become the final boss whale of crypto
25.8.2024
World-renowned futurist Ray Kurzweil says the singularity is coming sooner than expected
Harris Backs Plan to Tax Unrealized Gains, Kiyosaki Says Prepare for Crash Landing, and More — Week in Review
25.8.2024
Vice President Kamala Harris supports President Biden’s proposal to increase taxes on unrealized gains for the wealthy. Financial author Robert Kiyosaki warns of an impending market crash, urging investments in gold, silver, and bitcoin for safety. Economist Peter Schiff calls for higher...
2 Vintage Bitcoin Wallets From 2011 Spring to Life, Moving $4.7 Million in BTC
25.8.2024
Over the past day, bitcoin has been hovering just under the $64,000 mark, while two wallets, which had been inactive for more than 13 years, suddenly moved 75 bitcoin worth $4.7 million. These transactions are particularly notable as they mark the only activity from 2011 this month, making them...
Wazirx Founder Denies Remaining Assets Are Gone, Warns About New Fake Account Trend
25.8.2024
Wazirx co-founder Nischal Shetty has addressed concerns about the remaining assets following the cyberattack, stating that misinformation has caused unnecessary fear by suggesting these assets are also gone. He emphasized that such claims are baseless and are made only to attract attention. He also...
Thai authorities raid illegal Bitcoin mine behind local power outages
25.8.2024
Thai authorities will address the broader issue of illegal mining and its impact on the country’s energy infrastructure
Crypto Market Surges by $623B in 2024 as Bitcoin Climbs $20K Higher
25.8.2024
In just seven months—roughly 236 days—since the year began, the crypto economy has ballooned by a staggering $623 billion. The top crypto asset, bitcoin, has seen its market value soar by more than $20,000, while ethereum, the second-largest by market cap, has climbed over $470 during...
Elon Musk Supports Efforts to Free Telegram CEO Pavel Durov
25.8.2024
Following Telegram founder Pavel Durov’s arrest, Tesla CEO Elon Musk posted the hashtag #FreePavel on his social media platform X. The hashtags #FreePavel and #FreeDurov emerged as supporters protested Durov’s arrest and called for his release. Durov is known for his strong stance...
Colombian Data Protection Authority Formulates Charges Against Worldcoin
25.8.2024
The Colombian Industry and Commerce Superintendence (SIC), the personal data protection authority of the country, has formulated charges against Worldcoin, the biometric digital ID project, for violations of the personal data regime. The institution stated that the accusation focuses on determining...
Zuckerberg, Spotify Founder Advocate for Open-Source AI in Europe
25.8.2024
Mark Zuckerberg and Daniel Ek advocate for open-source AI in Europe. The two tech leaders believe that open-source AI can drive innovation and give Europe a competitive edge. However, they warn that fragmented regulations and uneven enforcement are hindering progress. They urge Europe to streamline...
‘World’s Coolest Dictator’ Bukele Promotes El Salvador as Free Speech Haven
25.8.2024
El Salvador President Nayib Bukele highlighted his country’s commitment to free speech and safety in a recent social media post, indirectly referencing the arrest of Telegram CEO Pavel Durov in France. Bukele emphasized that El Salvador guarantees freedom from arrest, censorship, and asset seizure...
Vitalik Buterin Raises Concerns Over Telegram CEO’s Arrest and Its Implications for Tech Freedom
25.8.2024
Ethereum founder Vitalik Buterin has voiced his concerns following the arrest of Telegram CEO Pavel Durov in France. Buterin criticized Telegram’s previous approach to encryption but expressed alarm over the arrest, suggesting it poses a threat to software and communication freedom in Europe....
DMM Group and Progmat Collaborate to Create a Regulated Stablecoin
25.8.2024
Digital asset platform Progmat and DMM, a Japanese entertainment giant, are collaborating to create a new stablecoin on the Progmat Coin platform. The stablecoin will be used within the Seamoon Protocol, a Web3 network for culture and entertainment. DMM Crypto, a subsidiary of DMM Group, expects...
AI Curiosity Explodes: South Africa, Nigeria, and Kenya Embrace the Technology
25.8.2024
During the first half of 2024, Google Search trends revealed a significant rise in interest in artificial intelligence (AI) in South Africa, Nigeria, and Kenya. Interest in AI grew by 150% in Kenya, 130% in Nigeria, and 120% in South Africa compared to the same period in 2023. Kenya ranked fourth...
Why 2024 Should Be Bitcoin’s Year to Step Away From Politics
25.8.2024
As the U.S. election season heats up, Bitcoin finds itself once again in the political crossfire. From Washington, D.C., to international capitals, this digital currency has become a talking point, with politicians on both sides of the aisle either championing it as a revolutionary financial tool...
Bitcoin chart signals possible move to $68K 'extremely quickly' — Traders
25.8.2024
Bitcoin traders are targeting $68,000, provided Bitcoin can firmly hang onto $64,000, a level it has struggled to hold above since first reclaiming it 20 days ago
Secrecy of Argentine Gold Bullion Transfers Abroad Sparks Lawmaker Criticism
25.8.2024
A series of gold bullion transfers abroad by the Argentine government has sparked a series of criticisms behind this action, bringing several lawmakers to question the secrecy of this matter. While experts state that this movement has to do with the efficient utilization of these resources,...
Ripple, Kraken Legal Chiefs Weigh in on Court Decision in SEC’s Crypto Securities Lawsuit
25.8.2024
The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms...
Peter Schiff Warns of Looming US Dollar Crisis and Economic Collapse
25.8.2024
Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation...