Ethereum

Crypto has always struggled with credibility among no-coiners – who point to the lack of intrinsic value, price volatility, and regulatory concerns, among other issues. These criticisms seem all the more persuasive when applied to memecoins, which typically exist without an underlying purpose or specific practical use case. On the flip side, memecoins offer social value and have the uncanny …

The post How Bitcoin could offer a safe haven in the face of a global inflation crisis appeared first on CryptoSlate. Source link

FTX and its associated debtors declared numerous objections to Genesis’s bankruptcy proceedings and recovery plans in a June 2 court filing. FTX’s claim estimated at zero On May 9, Genesis began to seek a 100-day extension for its Chapter 11 recovery plan. The company later submitted other filings in support of that plan. FTX debtors have now filed a complaint …

A widely followed crypto analyst says that one Ethereum (ETH)-based altcoin is flashing signs of bullishness against both the US dollar and Bitcoin (BTC). Pseudonymous crypto analyst Kaleo tells his 590,200 Twitter followers that the decentralized derivatives exchange Injective (INJ) looks poised to outperform Bitcoin (INJ/BTC). According to a chart shared by the analyst, the INJ/BTC pair appears to have …

Blockchain analytics platform Santiment is saying that Bitcoin (BTC) has mostly stayed flat amid the recent bounce in the stock market. Santiment says that the stock market has climbed to its highest level in about 10 months as the US government resolves the debt ceiling issue. While Bitcoin has fallen behind the strong performance of the S&P 500 as of …

The surge in popularity of NFTs, which are unique digital tokens that cannot be replicated, has recently captured the attention of notable corporations. Big names such as Marvel (a subsidiary of Disney), Coca-Cola, Gucci, Pizza Hut, KFC, Taco Bell, Lamborghini, and Hot Wheels (which is owned by Mattel) have joined the frenzy by delving into novel ways of integrating NFTs …

BitMEX exchange founder Arthur Hayes is outlining a bullish path for Bitcoin (BTC) amid the current reduced crypto market activity. Hayes says in a new essay that the Federal Reserve’s rate hike will catalyze a Bitcoin bull run. According to the BitMEX founder, the Fed will likely have to print money to pay interest on reserve balances thereby increasing liquidity …

HodlX Guest Post  Submit Your Post   In the ever-evolving landscape of finance, DeFi (decentralized finance) has been proven to be a revolutionary technology that removes the need for centralized institutions and intermediaries from the financial markets and enables users to transact faster. With these applications, users can quickly lend or borrow digital assets, trade their digital assets and earn interest …

New numbers from the Federal Deposit Insurance Corporation (FDIC) show Americans are pulling their money at a pace not seen in yearly four decades. According to the FDIC’s newly-released quarterly report, depositors took a total of $472 billion out of their accounts in the first quarter of this year – shattering a 39 year record. “The quarterly decline is the …

Traders are testing the theory that artificial intelligence can outperform humanity in the stock market. 27,000 investors have placed a total of $17,522,634 at time of publishing into a new ChatGPT-based investment platform from the copy trading firm Autopilot. The GPT Portfolio AI is designed to analyze 10,000 news articles on a weekly basis to select 100 top companies. Once …

The Supreme Court has sided with a 94 year-old woman who accused the government of violating the constitution by forcibly selling her property and keeping the profit. Geraldine Tyler took her dispute with a county in Minnesota to the high court after the local government kept a $25,000 profit from selling her condo in a tax foreclosure sale. Tyler’s home …

An under-the-radar Ethereum (ETH) competitor pumped by nearly 50% this week amid a new partnership with an artificial intelligence (AI) bot project. The native asset of the scalability-focused smart contract network Everscale (EVER) is trading around $0.06326 at time of writing, up from $0.0423 a week ago. EVER’s biggest price jump of the week happened after the project announced on …