Author: NBTC
GameSwift, the revolutionary Web3 gaming platform, is collaborating with Fetch.ai, a leading AI company, to integrate cutting-edge AI technology into its gaming environment. This collaboration is significant because it marks the first time a Web3 gaming project will incorporate Fetch.ai’s AI, creating a new standard for the gaming industry. GameSwift Launcher users, many of whom have idle GPU cycles, can now contribute to Fetch.ai’s distributed agent infrastructure. This system offers a wide range of AI applications, including text-to-speech, speech production, and document analysis. Additionally, users can host large language models (LLM) locally, making AI capabilities available to both the GameSwift…
Goldman Sachs owns positions in seven out of the 11 bitcoin ETFs. Earlier, the bank had said “we’re not believers in crypto.” Goldman Sachs (GS) holds positions in a variety of bitcoin (BTC) exchange-traded funds (ETFs), according to a 13F filing. The investment bank in its quarterly 13-F report disclosed that it holds positions in seven out of the 11 BTC ETFs in the U.S. Its largest holding is the iShares Bitcoin Trust (IBIT) at $238.6 million, followed by Fidelity’s Bitcoin ETF (FBTC) at $79.5 million, then $56.1 million of Invesco Galaxy’s BTC ETF (BTCO), and $35.1 million in Grayscale’s…
The crypto ETF market has seen a noteworthy shift in the overall investor sentiment in the United States. Spot on Chain, a famous on-chain analytics provider, disclosed that the $ETH ETFs recorded zero flows while $BTC ETFs witnessed substantial outflows on August 30. The analytics firm took to its official social media account to offer insights into the present situation of these ETFs. 🚨 US #ETF 30 AUG: 🔴$176M to $BTC and ⚪$0M to $ETH🌟 BTC ETF UPDATE (final): -$176M• No US Bitcoin ETFs saw an inflow yesterday.• The total flow for the week is -$227M with outflows on the…
Avalanche’s ecosystem saw a 23.5% trading volume increase in August, with ~53K traders active on the network. Trader Joe led the Avalanche ecosystem with ~$2 billion in traded volume and 27.9K active traders in August. In August, according to Flip Side, Avalanche had a significant increase in activity, with 763.7K deals across several decentralized exchanges (DEXs). This activity resulted in a huge total traded volume of $2.7 billion, representing a significant 23.5% rise over the previous month of July. Such an increase demonstrates the Avalanche ecosystem’s quick expansion and robust character. Update on @avax! 🚀 🔺In August, Avalanche recorded an…
Bitcoin price recovered above the $60,000 resistance zone. BTC is now struggling to clear the $61,200 and $61,500 resistance levels. Bitcoin started a recovery wave above the $60,000 resistance zone. The price is trading above $60,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $59,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might attempt a fresh increase if it settles above the $61,500 resistance zone. Bitcoin Price Builds Momentum Bitcoin price started a decent upward move above the $58,500 resistance zone.…
Ethereum (ETH) cannot be considered a deflationary cryptocurrency as its fees are too low to keep a sufficient burn rate. However, the “Ultra Sound Money” narrative vanishing is not a tragedy for the second cryptocurrency, a seasoned trader and analyst says. Ethereum (ETH) fees lowest since August 2020, data says August 2024 is the worst month for Ethereum (ETH) since the 2020 DeFi Summer in terms of network fees generated. This historical decline — an over 20x reduction since the peak — should be attributed to the migration of network activity to L2s and the introduction of blobs by ERC…
On September 1, 2024, the cryptocurrency market witnessed some notable price movements. Among the top performers was $FET, which saw an impressive bounce of 6.58%, as reported by the crypto media outlet Phoenix on their official X platform. This significant increase indicates that more people are beginning to show positive feelings towards the token $FET in the crypto market. Daily Summary on September 1, 2024$FET $STRK $RENDER $NOT $AKT $BTC $ETH $SOL $SUN $DOGS#dailysummary #DeFi #Crypto pic.twitter.com/ENUj2Tvwir — PHOENIX – Crypto News & Analytics (@pnxgrp) September 1, 2024 Following $FET, $STRK and $RENDER See Notable Gains, Up 3.82% and 3.57%…
UAE Holds Back $10B Jet Order With France In response to the detention of Telegram CEO Pavel Durov, the UAE has taken a critical decision to hold a contract to purchase fighter jets from France. The UAE foreign ministry has also requested the French government to provide consular services to Durov immediately, assisting with his release from police custody after a surprise arrest on Saturday. According to reports on August 28th, the UAE has taken further steps to make sure that Durov is being provided with consular and other assistance, supporting his release from unconventional arrest. UAE’s Relations With France…
Bitcoin’s recent ascent to become the sixth largest monetary asset globally is a significant milestone. With a market value of $1.19 trillion, Bitcoin now outpaces traditional currencies such as the British Pound and the Swiss Franc. It stands just behind Japan’s monetary assets, underscoring its growing role in the global financial landscape. This achievement highlights Bitcoin’s increasing acceptance as a credible store of value, drawing comparisons to gold and major fiat currencies. Source: Porkopolis Economics Looking ahead, Bitcoin’s price prediction for 2025 offers intriguing insights. Historical price trends suggest that Bitcoin may see a minimum price of approximately $100,655 as…
According to recent metrics, Ethereum’s onchain fees continue to stay impressively low, with the average transaction cost this weekend at just 0.00029 ETH or $0.743. Etherscan reports that even high-priority fees are under 1 gwei, sitting around 0.972 gwei as of press time. Additionally, ultrasound.money data reveals that Ethereum’s issuance rate is currently inflationary, clocking in at 0.734% per year. Ethereum’s Onchain Costs Drop Below $1 Amid Inflationary Shift Average onchain fees on the Ethereum blockchain have remained notably low, as shown by bitinfocharts.com metrics. Over the past 90 days, with just a few brief exceptions of minor spikes, the…