Bitcoin (BTC) and Crypto Market Tank 7%, Expect Volatility Before FOMC
CoinGape (RSS)
Soon after the United States declared its PPI inflation data for the month of February on Thursday, March 14, Bitcoin and the broader cryptocurrency market faced selling pressure. As of press time, Bitcoin is trading 6.95% down at a price of $68,195 with a market cap of $1.342 trillion.
Bitcoin (BTC) Investors Preparing for Volatility Before FOMC
As the market anticipates the upcoming Federal Open Market Committee (FOMC) meeting scheduled for March 20, traders are bracing for a potentially volatile weekend. QCP Capital, a prominent trading firm, reported an increase in perpetual swap open interest over the last 24 hours, signaling heightened activity in the market.
Risk reversals for both Bitcoin (BTC) and Ethereum (ETH) are currently skewed towards ...
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CoinGape (RSS)
Soon after the United States declared its PPI inflation data for the month of February on Thursday, March 14, Bitcoin and the broader cryptocurrency market faced selling pressure. As of press time, Bitcoin is trading 6.95% down at a price of $68,195 with a market cap of $1.342 trillion.
Bitcoin (BTC) Investors Preparing for Volatility Before FOMC
As the market anticipates the upcoming Federal Open Market Committee (FOMC) meeting scheduled for March 20, traders are bracing for a potentially volatile weekend. QCP Capital, a prominent trading firm, reported an increase in perpetual swap open interest over the last 24 hours, signaling heightened activity in the market.
Risk reversals for both Bitcoin (BTC) and Ethereum (ETH) are currently skewed towards ...
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$576 Million Liquidated As Bitcoin (BTC) Price Cracks 7%, More Pain Ahead?
CoinGape (RSS)
The crypto market party seems to be coming to an end with the Bitcoin (BTC) price cracking up nearly 8% trading at $67,345 with a market cap of $1.322 trillion. The broader cryptocurrency market has lost more than $200 billion in the last 24 hours. The selling pressure across the broader crypto market comes as the US announced higher-than-expected PPI inflation data.
$450 Million of Bitcoin Longs Liquidated
In recent trading, Bitcoin’s value dipped below the $68,000 mark, reaching $67,788, marking a 7.53% decline over the past 24 hours, as indicated by data from Binance. Concurrently, Coinglass data reveals that liquidations across the network totaled $576 million within the same timeframe, with long positions accounting for $448 million of the...
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CoinGape (RSS)
The crypto market party seems to be coming to an end with the Bitcoin (BTC) price cracking up nearly 8% trading at $67,345 with a market cap of $1.322 trillion. The broader cryptocurrency market has lost more than $200 billion in the last 24 hours. The selling pressure across the broader crypto market comes as the US announced higher-than-expected PPI inflation data.
$450 Million of Bitcoin Longs Liquidated
In recent trading, Bitcoin’s value dipped below the $68,000 mark, reaching $67,788, marking a 7.53% decline over the past 24 hours, as indicated by data from Binance. Concurrently, Coinglass data reveals that liquidations across the network totaled $576 million within the same timeframe, with long positions accounting for $448 million of the...
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Shiba Inu Community Burns 25 Mln Coins, What’s Next For SHIB?
CoinGape (RSS)
In what comes as a remarkable event witnessed within Shiba Inu’s ecosystem today, March 15, the Shiba crypto community’s colossal transfer to a dead wallet, propelling the SHIB burn upsurge, appears to be gaining noteworthy traction across the global crypto realm. Amid this remarkable upswing witnessed in the burn rate, SHIB’s considerable fall noted today, per CoinMarketCap’s data, stirred a whirlpool of speculations among crypto market enthusiasts globally, questioning the meme coin’s contrasting price action compared to the upswing in the burn.
Meanwhile, with a nearly 200% surge witnessed by SHIB over the past month, the meme coin curated waves across the vast sea of crypto. A plethora of new features introduced within Shiba Inu’s ecosystem over the past few days further bolstered optimistic sentiments for the meme coin. However, with today’s significant dip, investors speculate over SHIB’s future price a...
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CoinGape (RSS)
In what comes as a remarkable event witnessed within Shiba Inu’s ecosystem today, March 15, the Shiba crypto community’s colossal transfer to a dead wallet, propelling the SHIB burn upsurge, appears to be gaining noteworthy traction across the global crypto realm. Amid this remarkable upswing witnessed in the burn rate, SHIB’s considerable fall noted today, per CoinMarketCap’s data, stirred a whirlpool of speculations among crypto market enthusiasts globally, questioning the meme coin’s contrasting price action compared to the upswing in the burn.
Meanwhile, with a nearly 200% surge witnessed by SHIB over the past month, the meme coin curated waves across the vast sea of crypto. A plethora of new features introduced within Shiba Inu’s ecosystem over the past few days further bolstered optimistic sentiments for the meme coin. However, with today’s significant dip, investors speculate over SHIB’s future price a...
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Bitdeer is among the most ‘cost-effective’ Bitcoin miners: Benchmark
Cointelegraph.com News (RSS)
Benchmark analyst Mark Palmer initiated coverage of Bitdeer on Thursday, issuing the miner with a “buy” rating and setting a price target of $13.
Cointelegraph.com News (RSS)
Benchmark analyst Mark Palmer initiated coverage of Bitdeer on Thursday, issuing the miner with a “buy” rating and setting a price target of $13.
SEC busts CryptoFX for running $300M Ponzi scheme
Cointelegraph.com News (RSS)
According to the SEC, CryptoFX allegedly targeted crypto investors from the Latino community across 10 U.S. states and two foreign countries.
Cointelegraph.com News (RSS)
According to the SEC, CryptoFX allegedly targeted crypto investors from the Latino community across 10 U.S. states and two foreign countries.
Elon Musk reveals that Tesla will soon start accepting DOGE
Cryptopolitan (RSS)
The CEO of Tesla, Elon Musk, has dropped another bombshell that’s got both the crypto and automotive industries excited. He hinted that the day isn’t far when you could buy your shiny new Tesla with Dogecoin (DOGE), a meme coin that started as a joke but is now laughing all the way to the bank. This news comes from Musk himself, who has long been a cheerleader for DOGE, calling it his favorite cryptocurrency due to its “cool” factor.
Dogecoin: From Meme to Mainstream
Musk’s has been vocal about his support for Dogecoin since 2019, frequently lighting up social media with his thoughts on the crypto. Although his initial posts didn’t majorly affect DOGE’s value, his relentless promotion eventually paid off, with the cryptocurrency reaching a peak of nearly $0.74 in 2021. It’s evident that Musk’s words carry weight...
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Cryptopolitan (RSS)
The CEO of Tesla, Elon Musk, has dropped another bombshell that’s got both the crypto and automotive industries excited. He hinted that the day isn’t far when you could buy your shiny new Tesla with Dogecoin (DOGE), a meme coin that started as a joke but is now laughing all the way to the bank. This news comes from Musk himself, who has long been a cheerleader for DOGE, calling it his favorite cryptocurrency due to its “cool” factor.
Dogecoin: From Meme to Mainstream
Musk’s has been vocal about his support for Dogecoin since 2019, frequently lighting up social media with his thoughts on the crypto. Although his initial posts didn’t majorly affect DOGE’s value, his relentless promotion eventually paid off, with the cryptocurrency reaching a peak of nearly $0.74 in 2021. It’s evident that Musk’s words carry weight...
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NEC Harnesses AI to Slash Labor Costs by 70% in Software Engineering Tasks
Cryptopolitan (RSS)
In a bid to optimize business operations and slash labor costs, Japan-based NEC Corporation has successfully integrated artificial intelligence (AI) into its software engineering tasks. Through a comprehensive companywide experiment initiated last year, NEC has witnessed a remarkable reduction of up to 70% in labor costs associated with various tasks.
NEC’s Chief Technology Officer, Motoo Nishihara, disclosed that the experiment commenced in May last year and yielded promising results. The time spent on tasks such as document preparation has been halved, while meeting minutes transcription has seen a significant decrease from 30 minutes to just five. These advancements underscore the tangible benefits AI can bring to streamline mundane tasks and enhance productivity across industries.
Strategic focus on AI deployment
The experiment underscores NEC’s commitment to leveraging AI for strategi...
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Cryptopolitan (RSS)
In a bid to optimize business operations and slash labor costs, Japan-based NEC Corporation has successfully integrated artificial intelligence (AI) into its software engineering tasks. Through a comprehensive companywide experiment initiated last year, NEC has witnessed a remarkable reduction of up to 70% in labor costs associated with various tasks.
NEC’s Chief Technology Officer, Motoo Nishihara, disclosed that the experiment commenced in May last year and yielded promising results. The time spent on tasks such as document preparation has been halved, while meeting minutes transcription has seen a significant decrease from 30 minutes to just five. These advancements underscore the tangible benefits AI can bring to streamline mundane tasks and enhance productivity across industries.
Strategic focus on AI deployment
The experiment underscores NEC’s commitment to leveraging AI for strategi...
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Crypto investment funds break $100B AUM worldwide for the first time
Cryptopolitan (RSS)
Global assets under management (AUM) in cryptocurrency investment products have exceeded $100 billion, according to recent data from CoinShares. This achievement is highlighted by significant inflows into crypto funds and gains in the cryptocurrency market, propelling the AUM to a new record level.
James Butterfill, CoinShares’ Head of Research, reported that total assets in digital asset exchange-traded products (ETPs) have surpassed the $100 billion mark for the first time. This milestone was reached shortly after global crypto funds broke the annual inflow record set in 2021, less than three months into 2024.
The remarkable increase in AUM is largely driven by the influx of investments into new spot bitcoin ETFs in the United States. These funds have attracted over $2.2 billion in inflows in a single week, with Bla...
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Cryptopolitan (RSS)
Global assets under management (AUM) in cryptocurrency investment products have exceeded $100 billion, according to recent data from CoinShares. This achievement is highlighted by significant inflows into crypto funds and gains in the cryptocurrency market, propelling the AUM to a new record level.
James Butterfill, CoinShares’ Head of Research, reported that total assets in digital asset exchange-traded products (ETPs) have surpassed the $100 billion mark for the first time. This milestone was reached shortly after global crypto funds broke the annual inflow record set in 2021, less than three months into 2024.
The remarkable increase in AUM is largely driven by the influx of investments into new spot bitcoin ETFs in the United States. These funds have attracted over $2.2 billion in inflows in a single week, with Bla...
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Apple Boosts AI Capabilities with Acquisition of DarwinAI
Cryptopolitan (RSS)
Apple Inc. has bolstered its artificial intelligence (AI) capabilities with the acquisition of DarwinAI, a Canadian start-up renowned for its innovative AI technologies. The acquisition underscores Apple’s strategic move towards enhancing its AI capabilities in preparation for a significant expansion into generative AI in 2024. Although undisclosed in terms of financial details, the acquisition marks a significant development in Apple’s AI roadmap.
Following the acquisition, a substantial number of DarwinAI’s employees have transitioned to Apple’s artificial intelligence division. Among them is Alexander Wong, a distinguished AI researcher from the University of Waterloo, who now holds a directorial position within Apple’s AI group. This influx of talent from DarwinAI brings a wealth of expertise and experience to Apple’s AI...
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Cryptopolitan (RSS)
Apple Inc. has bolstered its artificial intelligence (AI) capabilities with the acquisition of DarwinAI, a Canadian start-up renowned for its innovative AI technologies. The acquisition underscores Apple’s strategic move towards enhancing its AI capabilities in preparation for a significant expansion into generative AI in 2024. Although undisclosed in terms of financial details, the acquisition marks a significant development in Apple’s AI roadmap.
Following the acquisition, a substantial number of DarwinAI’s employees have transitioned to Apple’s artificial intelligence division. Among them is Alexander Wong, a distinguished AI researcher from the University of Waterloo, who now holds a directorial position within Apple’s AI group. This influx of talent from DarwinAI brings a wealth of expertise and experience to Apple’s AI...
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London Book Fair 2024: Chinese Publishers Embrace AI and Digital Strategies
Cryptopolitan (RSS)
The London Book Fair (LBF) 2024 witnessed a convergence of global publishers exploring the transformative potential of emerging technologies. Among them, Chinese publishers stood out, actively engaging in discussions and showcasing innovative tools at the forefront of the industry’s evolution.
AI integration propels efficiency and personalization
At the heart of discussions lay the integration of Artificial Intelligence (AI) into various facets of publishing. Professionals exchanged insights on AI’s pragmatic application, potential benefits, and inherent limitations. Over the years, publishers worldwide have embraced AI-driven tools for tasks ranging from editing to market analysis and online book recommendations. This surge in AI development signals a shift towards more efficient, personalized, and insightful processes within the industry.
Professor Shen Yang from Tsinghua University’s S...
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Cryptopolitan (RSS)
The London Book Fair (LBF) 2024 witnessed a convergence of global publishers exploring the transformative potential of emerging technologies. Among them, Chinese publishers stood out, actively engaging in discussions and showcasing innovative tools at the forefront of the industry’s evolution.
AI integration propels efficiency and personalization
At the heart of discussions lay the integration of Artificial Intelligence (AI) into various facets of publishing. Professionals exchanged insights on AI’s pragmatic application, potential benefits, and inherent limitations. Over the years, publishers worldwide have embraced AI-driven tools for tasks ranging from editing to market analysis and online book recommendations. This surge in AI development signals a shift towards more efficient, personalized, and insightful processes within the industry.
Professor Shen Yang from Tsinghua University’s S...
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Bitcoin ETF Inflow Drops 80% To $133M As BTC Price Retreats
CoinGape (RSS)
Investor sentiment in the cryptocurrency market takes a hit as the U.S. Spot Bitcoin ETF witnesses a substantial drop in inflows, falling by 80.6% to $133 million on Thursday, March 14. Notably, this marks the lowest inflow over the last eight trading days, which have sparked discussions over a potential cooling interest from the Wall Street players.
Meanwhile, this decline comes amid a broader downturn in the crypto market, with Bitcoin prices retreating from recent highs.
Bitcoin ETF Inflow Plunges Amid Bitcoin Sell-Off
The recent slump in Bitcoin, coupled with heightened market volatility, has sparked market concerns amid a significant reduction in inflows to the U.S. Spot Bitcoin ETF. Following a record-breaking surge that propelled Bitcoin to surpass $73,000, the cryptocurrency faced a sharp decline, dipping below the $67,000 mark.
Notably, this curren...
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CoinGape (RSS)
Investor sentiment in the cryptocurrency market takes a hit as the U.S. Spot Bitcoin ETF witnesses a substantial drop in inflows, falling by 80.6% to $133 million on Thursday, March 14. Notably, this marks the lowest inflow over the last eight trading days, which have sparked discussions over a potential cooling interest from the Wall Street players.
Meanwhile, this decline comes amid a broader downturn in the crypto market, with Bitcoin prices retreating from recent highs.
Bitcoin ETF Inflow Plunges Amid Bitcoin Sell-Off
The recent slump in Bitcoin, coupled with heightened market volatility, has sparked market concerns amid a significant reduction in inflows to the U.S. Spot Bitcoin ETF. Following a record-breaking surge that propelled Bitcoin to surpass $73,000, the cryptocurrency faced a sharp decline, dipping below the $67,000 mark.
Notably, this curren...
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Bitcoin Maxi Pushes for El Salvador Credit Rating Upgrade Amid Cold Storage Move
CoinGape (RSS)
The Bitcoin nation of El Salvador has been setting up new precedence by moving a large part of its Bitcoin holdings to cold wallets and keeping them in physical vaults within the country’s own territory.
El Salvador Secures Bitcoin Holdings
In a significant development, President Nayib Bukele of El Salvador reveals the decision to transfer a substantial portion of the country’s Bitcoin holdings to a cold wallet. This move is accompanied by the establishment of a physical vault within the national territory to securely store the cold wallet.
Describing the initiative as the nation’s inaugural “Bitcoin piggy bank,” President Bukele emphasizes the importance of prudent asset management and secure storage practices.
The decision to transfer Bitcoin holdings to a cold wallet aligns with El Salvador’s ongoing efforts to integrate cryptocurrencies into its national financial infrastructure. This...
View original post
CoinGape (RSS)
The Bitcoin nation of El Salvador has been setting up new precedence by moving a large part of its Bitcoin holdings to cold wallets and keeping them in physical vaults within the country’s own territory.
El Salvador Secures Bitcoin Holdings
In a significant development, President Nayib Bukele of El Salvador reveals the decision to transfer a substantial portion of the country’s Bitcoin holdings to a cold wallet. This move is accompanied by the establishment of a physical vault within the national territory to securely store the cold wallet.
Describing the initiative as the nation’s inaugural “Bitcoin piggy bank,” President Bukele emphasizes the importance of prudent asset management and secure storage practices.
The decision to transfer Bitcoin holdings to a cold wallet aligns with El Salvador’s ongoing efforts to integrate cryptocurrencies into its national financial infrastructure. This...
View original post
Avalanche Foundation Snaps up KIMBO, COQ, and Three Other Tokens as First Meme Coin Investment
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The Foundation first said in December it would invest in meme coin as part of a digital culture drive.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The Foundation first said in December it would invest in meme coin as part of a digital culture drive.
Bitcoin's Correlation to Nvidia Strongest in Over a Year
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The 90-day and 52-week correlation between bitcoin and Nasdaq-listed chip maker Nvidia is well above 0.80.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The 90-day and 52-week correlation between bitcoin and Nasdaq-listed chip maker Nvidia is well above 0.80.