According to a crypto analyst, Bitcoin (BTC) may be heading towards a capitulation due to tightening on-chain liquidity. However, this capitulation could be followed by a “full bull” market. Bitcoin Headed Lower Before Higher In a detailed thread on X about BTC price analysis, crypto analyst Cole Garner stated that capitulation might be on the…
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According to the latest network data, bitcoin’s computational power hit an all-time peak today on Oct. 10, 2024, reaching 698 exahash per second (EH/s). This new record surpasses the previous high of 693 EH/s, set on Sept. 8. Bitcoin’s Hashrate Skyrockets to 698 EH/s as Miners Surge Ahead of Difficulty Adjustment Following a decline in…
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The National Bank of Bahrain has made a groundbreaking move by launching the first bitcoin-linked structured investment product in the Gulf Cooperation Council (GCC). This innovation, developed with ARP Digital, highlights Bahrain’s leadership in fintech while offering accredited investors a secure way to tap into bitcoin’s long-term growth potential. NBB Launches First Bitcoin-Linked Investment Product…
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World Liberty Financial (WLF), the decentralized finance (defi) project backed by former President Donald Trump and his family, has submitted a proposal to Aave’s governance forum, seeking approval for the launch of an Aave v3 instance on the Ethereum mainnet. The proposal, subject to community and governance approval, aims to boost defi adoption through increased…
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The Ohio Bureau of Criminal Investigation’s new Electronic Fraud Investigations unit has recovered $130,000 from a cryptocurrency scam in its first victory. The unit was established to address the growing complexity of cyber financial crimes, particularly those involving cryptocurrency. Ohio’s New Fraud Unit Recovers $130K From Crypto Scam Ohio Attorney General Dave Yost announced on…
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Littio, a Colombian neobank, has joined forces with Avalanche to offer interest-bearing USD accounts through Opentrade’s blockchain-based platform. The partnership aims to provide financial solutions to Latin Americans facing high inflation and currency devaluation. Neobank Littio Uses Avalanche to Boost Financial Services in Latin America Littio, known for its mobile banking services, is using Opentrade’s…
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Vaneck, a global investment management firm, has announced the launch of a $30 million early-stage venture fund targeting fintech, digital assets, and artificial intelligence (AI) startups. Vaneck’s $30M Fund to Invest in Fintech, Digital Assets, and AI Named Vaneck Ventures, the fund will support companies in the pre-seed and seed stages, continuing the firm’s strategy…
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The government of Palau has taken a major step towards integrating blockchain technology into its economy with the launch of Palau Invest, a digital savings bond platform. This initiative, developed in collaboration with Japan, offers citizens a unique opportunity to invest in national infrastructure projects and boost economic growth. Palau Launches Blockchain-Based Savings Bonds The…
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While the crypto market’s overall capitalization has only ticked up by 0.28% over the past day, reaching $2.19 trillion, the artificial intelligence (AI) crypto economy has made more noticeable gains, climbing 5.4% to hover above the $29 billion mark. AI Crypto Sector Jumps 5.4% to $29B On Monday, while the broader crypto market saw a…
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New York’s financial regulator has a job opening for a Virtual Currency Senior Blockchain Analytics Analyst. The permanent position focuses on preventing financial crimes such as money laundering and fraud by ensuring compliance in the growing virtual currency sector. The role involves using blockchain analytics to monitor risks. Applications are due by Oct. 14. New…
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