Author: NBTC
An epic new bull post was released today by Vitalik Buterin, as the Ethereum founder seems to have found a new way to communicate his stance on the altcoin through AI-generated images. When asked if he could manage to at least occasionally be bullish on ETH on social media, given that the community’s morale is currently low, Buterin once again posted an image of a bull holding up a sign that read: “Bullish on Flux, Bullish on Ethereum.” Last time it was also a bull with a sign, and this time is no different. As he further explains, the picture…
Telegram-based game Notcoin announced that it has partnered with a prominent analytics firm to establish an incubator for the next wave of Telegram games, in the project’s biggest move yet to expand from a viral sensation into a pillar of the exploding ecosystem of crypto-backed mini apps. With the support of Helika, an AI-powered analytics firm, Notcoin will soon launch a Telegram Gaming Accelerator, both companies said on Wednesday. “This is a major milestone for Helika to support our current and future customers building on Telegram,” Helika co-founder and CEO Anton Umnov said in a statement shared with Decrypt. “Helika…
The recent arrest of Telegram’s founder, Pavel Durov, has stirred significant discourse on both geopolitical and technological fronts. This incident highlights the delicate interplay between international law, privacy rights, and the digital economy as governments increasingly scrutinize tech moguls. Notable responses from figures like Russian lawmaker Maria Butina, who labeled Durov a “political prisoner,” reflect the far-reaching implications of this case. The arrest of Pavel Durov amidst ongoing geopolitical tensions raises critical questions about digital governance and individual rights within a global context. Legal Context of Durov’s Arrest Pavel Durov was taken into custody on August 24 at Le Bourget…
Gauntlet, a financial modelling platform for crypto, shares to collaborate with Xai Network, a blockchain-based gaming network. This collaboration aims to innovate the Xai Network and both firms will work for the growth of the Xai Network in terms of governance and treasury management of the protocol. 1/ Today, we announced our collaboration with @XAI_GAMES to drive growth and innovation across the Xai ecosystem, with a focus on:🔹 Stake-weighted DAO governance🔹 Treasury management through @aerafinanceLet’s dig in 🧵👇 pic.twitter.com/WvxblW6MvD — Gauntlet (@gauntlet_xyz) August 21, 2024 Gauntlet proudly shared this news today through the X account. As per the announcement, Gauntlet…
Bitcoin’s (BTC) chart appears to be mirroring a Japanese stock market index, according to one popular crypto analyst. The pseudonymous trader known as TechDev shares charts with his 465,800 followers on the social media platform X comparing BTC to the Nikkei 225, a price-weighted index that tracks 225 blue-chip companies trading on the Tokyo Stock Exchange. “Haven’t seen much else like it. Log growth cycles have existed well before Bitcoin. Different assets. Different decades. Same species. Without looking at time or price, most would think the first half of the Nikkei’s chart is Bitcoin’s. It must have had a halving…
The price of Ethereum (ETH) is in an upward correction after breaking above the 21-day SMA. Long-term analysis of ETH price: bearish The bullish momentum should have risen to the 50-day SMA or the high at $3,000 on the daily chart. However, the bullish momentum has peaked above $2,800. The previous price and support level from April 13 was $2,800. On August 4, the bears broke through the $2,800 support and continued their decline to a low of $2,116. Today, the largest altcoin has recovered but remains between the moving average lines. If the bulls overcome resistance at $2,800 and…
Bitfarms to acquire Stronghold Digital for $175M in stock and assumed debt. Bitfarms’ stock fell 8%, while Stronghold’s rose 60% following the news. Riot Platforms, holding 19% of Bitfarms, previously attempted a takeover in June. In a significant development within the cryptocurrency mining sector, Bitfarms (BITF), a leading Bitcoin mining company, has announced its acquisition of rival Stronghold Digital (SDIG) for $175 million. The deal, which includes $125 million in stock and the assumption of $50 million in debt, marks a strategic move by Bitfarms as it continues to navigate a competitive industry landscape. The acquisition terms specify that Stronghold…
The Bitcoin Cash (BCH) network experienced a dramatic surge in hash rate and block production, signaling significant changes in mining activity. Data from fork.lol shows the network’s total computing power spiked 188%, surging from 3.55 EH/s to a peak of 9.21 EH/s. This sudden boost indicates a notable increase in miner participation or the use of more efficient mining equipment. The substantial hash rate increase reflects heightened mining activity on the BCH network. This rise in computational power likely stems from more miners joining the network and existing miners upgrading their hardware. The spike suggests miners are finding the BCH…
Five U.S. secretaries of state have welcomed a move by X, formerly Twitter, to address election disinformation allegedly being spread by its AI platform, Grok. The move, which includes redirecting all election-related inquiries in Grok to the non-partisan site vote.gov, has been cautiously welcomed by five U.S. Secretaries of State. X made changes to Grok following a letter sent on August 5, ten days after the platform was first alerted to the issue. Decrypt has reached out to X for comment. In a joint statement on Monday responding to X’s recent measures, the secretaries expressed cautious optimism. “We appreciate X’s…
Layer-1 blockchain ecosystem Aptos is gearing up for a new collaboration with NFT marketplace Rarible as the network sees a spike in daily transactions. Aptos (APT), a layer-1 blockchain network based on the proof-of-stake consensus mechanism, is set to collaborate with Rarible, a marketplace for non-fungible tokens, to achieve what the blockchain describes as a “game-changer” for both platforms. In a forum post on Aug. 22, a global community manager for the Aptos Foundation under the alias “Angel” hinted that Rarible might soon add support for the network, bringing the potential for “novel NFT use cases leveraging Aptos’ tech.” “Whether…