Author: Hope Smally

Phantom (FTM) Price Surges by 13% in a Week The cryptocurrency market saw a notable increase in Phantom (FTM) prices this week, with a 13% surge that outperformed many other altcoins. This surge coincides with the gradual shift of layer 1 blockchains towards Sonic, a platform that aims to facilitate decentralized application development through a layer 2 bridge to Ethereum (ETH). Indicators Highlight Phantom as an Undervalued Asset On August 5, FTM prices dropped to $0.26 during a market crash, resulting in a 30-day Market to Realized Value (MVRV) ratio of -30.88%. The MVRV ratio serves as a metric for…

Bitcoin Bulls Holding Strong at $55,500 Support Bitcoin has been facing a challenging time in the markets recently, with bulls struggling to maintain control. However, despite the downward pressure, Bitcoin bulls are currently holding on to support at $55,500. This level has been a key area of interest for traders, as a break below could signal further losses for the leading cryptocurrency. One of the main factors supporting Bitcoin at this level is the increasing demand from institutional investors. With the recent entry of major players like Tesla and Square into the Bitcoin market, there is growing interest in digital…

The Growing Threat of Data Breaches in the Digital Age Data breaches have become an all too common occurrence in today’s digital age, with public data leaks from background check services highlighting the severity of the issue. The recent breach at the National Public Information Agency has brought attention to the dangers and widespread impact of these breaches, shedding light on the need for better cybersecurity measures. The Scope of the Breach The breach, initiated by a hacker known as USDoD, involved the sale of a vast amount of data on cybercrime forums, affecting millions of individuals across the United…

The Rise of Bybit as a Virtual Asset Service Provider In a groundbreaking move, a law passed in July has officially designated Bybit as a virtual asset service provider. This development marks a significant milestone for Bybit, positioning them as a key player in the digital asset market. The Implications of Bybit’s New Status This new designation opens up a host of opportunities for Bybit, allowing them to expand their services and reach a wider audience. Bybit can now offer a wider range of virtual asset services, catering to the evolving needs of the market. This move also solidifies Bybit’s…

Bitcoin Price Prediction: Long-term Holders in Profitable Position As the price of Bitcoin continues to soar, most long-term Bitcoin holders find themselves in a profitable position. This means that many investors who have been holding onto their Bitcoin for an extended period of time have seen significant gains in their investment. However, this situation also raises concerns about potential profit-taking and the impact it could have on the price of Bitcoin. Profit-taking Behavior of Long-term Holders When long-term holders of Bitcoin are in a profitable position, there is a higher likelihood that some of them may choose to take profits…

The Impact of Social Media on Youth Mental Health Social media has become an integral part of young people’s lives, providing a platform for connection, self-expression, and information-sharing. However, the impact of social media on youth mental health is a topic of ongoing debate, with experts and policymakers weighing the potential benefits and drawbacks. Recent calls for age bans and warning labels on popular social media platforms like YouTube, TikTok, and Instagram have sparked a national conversation about the role of these platforms in shaping young people’s well-being. While concerns about the negative effects of social media are valid, it…

Bitcoin and Ethereum ETF Options: A Growing Trend in the US Market In recent months, the interest in Bitcoin and Ethereum ETF options has been steadily increasing in the US market. This surge in activity is a clear indicator of the growing popularity of these digital assets among investors. Let’s delve deeper into this trend and explore what it means for the cryptocurrency market. Increasing Demand for Cryptocurrency Investment Options The rise of Bitcoin and Ethereum ETF options can be attributed to the increasing demand for diversified investment opportunities in the cryptocurrency space. Investors are looking for ways to gain…

PEPE Token Plunges by 12% in Bearish Trend Frog-themed memecoin Pepe has shown significant negative price action over the past week, plummeting by more than 16%. This downward trend is clearly visible on the daily chart, indicating a bearish sentiment in the market. At the current moment, the PEPE token is valued at US$0.056987, marking a sharp decline of over 12% in a single day. Consequently, its intraday market capitalization has stabilized around $2.939 billion, making it the token with the largest decline today. Market Sentiment and Trading Volume The negative sentiment surrounding PEPE can be attributed to the overall…

The Rise of Bitcoin and Ethereum ETF Options As the world of cryptocurrency continues to evolve and expand, the demand for investment options such as Bitcoin and Ethereum Exchange-Traded Funds (ETFs) is on the rise. ETFs provide a convenient way for investors to gain exposure to the price movements of these popular digital assets without actually owning them. The Growing Popularity of ETFs in the Cryptocurrency Market One of the key reasons behind the increasing interest in Bitcoin and Ethereum ETFs is their potential to offer diversification benefits to traditional portfolios. By including these digital assets in their investment mix,…

73-Year-Old Pedestrian Killed in Hit-and-Run Crash in Tarzana In a tragic incident in Tarzana, a 73-year-old pedestrian lost his life in a hit-and-run crash. The authorities were quickly alerted, and the suspect was apprehended at his residence in Reseda shortly after the incident. Details of the Incident The collision occurred at 19563 Ventura Blvd., just south of Highway 101, at 11:20 p.m. on Thursday. Witnesses reported that a black sedan driven by the suspect struck the pedestrian outside a crosswalk east of Ventura before fleeing the scene. Despite the efforts of Los Angeles Fire Department personnel, the victim was pronounced…

Republicans Respond to Treasury Department Inquiry In response to a request for information from the Treasury Department, a letter signed solely by Republicans on the committee has been issued. The Importance of Transparency Transparency in government affairs is crucial for maintaining trust between elected officials and the public they serve. By providing detailed information in a timely manner, transparency ensures accountability and helps to prevent corruption. Republicans on the committee have emphasized the importance of transparency in their response to the Treasury Department inquiry. They have pledged to cooperate fully and provide all requested information to ensure openness and integrity…

Jack Mallers: A Visionary Leader in Fintech Unwaveringly committed to changing the global financial landscape, Jack Marlers is at the forefront of the burgeoning revolution in fintech. As a key figure in the Bitcoin ecosystem, Mallers’ innovative vision and strategic initiatives have not only reshaped traditional financial transactions but also paved the way for a more inclusive and efficient digital economy. Early Life and Introduction to Bitcoin Jack Mallers was born on April 9, 1994, in Chicago, Illinois, USA. He was introduced to Bitcoin in 2013 by his father, a respected computer scientist and entrepreneur. Growing up in an environment…

California Leads the Way in Banning Octopus Farming California is on the verge of making history by becoming the first state to ban commercial octopus farming. A bill, Assembly Bill 3162, is making its way through the Legislature, with animal rights activists advocating for the ban due to concerns about the inhumane treatment of these intelligent creatures. The Push for a Ban Animal rights groups, such as the Animal Legal Defense Fund and Social Compassion in Legislation, have been at the forefront of the movement to ban octopus farming in California. They argue that octopuses cannot be killed humanely and…

On-chain Derivatives Driving DeFi Renaissance The rise of on-chain derivatives has sparked a resurgence in the world of decentralized finance (DeFi). As daily trading volume in this space hits $5 billion, the competition among platforms offering these innovative financial instruments continues to intensify. The Emergence of On-chain Derivatives On-chain derivatives refer to financial contracts that are created and executed on a blockchain network. These instruments allow users to speculate on the price movement of various assets without the need for traditional intermediaries. By leveraging smart contracts, users can engage in options trading, futures contracts, and other derivative products directly on…

South Korea’s National Pension Service (NPS) recently purchased $34 million worth of MicroStrategy shares, demonstrating the institution’s increased trust in Bitcoin (BTC) through strategic investments. MicroStrategy’s focused investment in Bitcoin continues to bolster confidence in the company’s long-term prospects and the value of its cryptocurrency holdings. The Rise of Institutional Trust in Bitcoin South Korea’s National Pension Service, the world’s second largest public pension fund, recently acquired MicroStrategy shares worth $34 million, indicating a growing trust in Bitcoin within institutional investment circles. This move showcases the increasing confidence in Bitcoin as a viable asset class. Expansion of Bitcoin Investment Strategies…

Missing Family Alert Issued in Los Angeles County Authorities in Los Angeles County are urgently searching for a man, a woman, and two young children who were last seen earlier this week. The California Highway Patrol issued an Endangered Missing Alert on Friday morning on behalf of the Los Angeles Police Department. Details of the Missing Individuals The missing children, Wyman and Willow Bryant, aged 2 and 4, were last seen in Los Angeles around 3 p.m. on Wednesday. The CHP released a photo of the missing child and the suspect, indicating that they may have been traveling in a…

Protect Your Identity: Why Freezing Your Credit is Essential Freezing your credit is one of the best ways to combat identity theft, and it’s free. Security experts recommend that all Americans take a few minutes to complete what they consider an important step in protecting their personal credit files in an era when cybersecurity breaches are becoming increasingly common. Importance of Freezing Your Credit Freezing your credit will prevent bad actors from applying for loans in your name, opening credit cards, or making any other transactions that might require a credit check. It adds an extra layer of security to…

Malaysia Adopts Worldcoin’s Iris Scanning Technology for Digital Verification In a significant development, Malaysia has officially adopted Worldcoin’s iris scanning technology for national digital identity verification, marking a crucial step in the country’s digital transformation strategy. The move comes as part of a broader effort to enhance digital infrastructure and improve digital certificate verification across Malaysia. The partnership between Worldcoin Foundation, Tools for Humanity (TFH), MyEG, and MIMOS Berhad, the research and development arm of the Malaysian government, aims to integrate Worldcoin’s advanced biometric verification system into Malaysia’s digital ecosystem. This integration, known as “Human Proof,” offers a secure and…

Blockchain Upgrade Failure Leads to Security Vulnerability The recent upgrade deployment script for a major blockchain network experienced a critical failure that has raised concerns about the security of user funds. The error occurred when the script failed to execute an important initialization function, resulting in a significant vulnerability that allowed users to withdraw funds without proper authorization. Impact on User Funds As a result of the script error, the voting threshold for fund withdrawal was set to zero, essentially allowing any user to initiate a withdrawal without the necessary authorization steps. This meant that malicious actors could potentially exploit…

Urgent Evacuation: Chaos Ensues as People Scramble to Escape In a recent incident that has shocked the nation, a company spokesperson revealed that they have a significant amount of footage showing people desperately trying to flee a dangerous situation. The scenes captured on camera depict a frantic rush to safety, with individuals scrambling and panicking in the face of imminent danger. The Terrifying Events Unfold The company, which manufactures the devices used during the chaos, has not disclosed specific details about the incident. However, the footage speaks volumes about the sheer terror and urgency that permeated the scene. Reports suggest…

Impact of Hong Kong Dollar and U.S. Dollar Stablecoins on the Crypto Market Recently, there has been growing interest in the creation of stablecoins pegged to the Hong Kong dollar and the U.S. dollar. This move has left many wondering about the potential impact of these stablecoins on the broader cryptocurrency market, particularly on widely-used stablecoins such as USDT (Tether) and USDC (USD Coin). Local Industry Executives’ Perspectives Local industry executives in Hong Kong have been closely monitoring the developments surrounding the proposed Hong Kong dollar and U.S. dollar stablecoins. According to industry insiders, the introduction of these stablecoins could…

The Impact of Weak Bitcoin Price on Traders The current weak Bitcoin price has had a significant impact on traders in the cryptocurrency market. Negative financing rates have emerged, leading to a cautious approach among Bitcoin traders. The Rise of Negative Financing Rates As the price of Bitcoin continues to decline, the market has witnessed the emergence of negative financing rates. This phenomenon occurs when the cost of borrowing Bitcoin exceeds the interest generated from holding the asset. Traders are now facing the challenge of navigating these unfavorable financing conditions. Risk Aversion Among Bitcoin Traders In response to the weak…

BitDeer Technology Group’s Stock Price Plummets after Issuance of Senior Convertible Notes BitDeer Technology Group, a leading computing power-sharing platform, saw its stock price drop to $6.33 following the announcement of the issuance of senior convertible notes. This news has caused concern among investors and raised questions about the company’s financial health. The Impact of Senior Convertible Notes The issuance of senior convertible notes typically indicates that a company is looking to raise additional capital. While this can be a positive sign of growth and expansion, it can also lead to dilution of existing shares and a decrease in stock…

The Dubai Court of First Instance Allows Payment of Wages in Cryptocurrency A Dubai court recently made a groundbreaking decision regarding the payment of wages in cryptocurrency, marking a significant shift in the legal landscape of the UAE. Background of the Case In Case No. 1739 of 2024, an employee filed a lawsuit against their employer for failing to pay wages, including cryptocurrency, as outlined in their employment contract. The contract specified a monthly salary in fiat currency and 5,250 EcoWatt tokens. However, the employer had not paid the cryptocurrency portion of the wages for six months, leading to the…

The Current State of the Crypto Market The week did not end on a positive note for the crypto markets. The sector is showing signs of continued volatility, with a handful of top assets holding steady. Bitcoin, XRP, and Solana are down less than 1% in the past 24 hours, while Toncoin experienced a rare appreciation in value. The remaining top cryptocurrencies are struggling, and even most altcoins are having a tough time finding solid ground. Bitcoin’s Performance Bitcoin, the industry leader, has faced challenges in recent months. In the past 24 hours, it has lost 0.61% of its market…

Binance Bitcoin Funding Rate Turns Negative As Binance’s Bitcoin funding rate turns negative, reflecting a surge in short positions as institutional interest wanes, the cryptocurrency market continues to witness interesting developments. The Impact of Negative Funding Rates When the funding rate for Bitcoin turns negative, it indicates that traders holding short positions are paying those with long positions. This can be a sign of increasing bearish sentiment in the market, as more traders expect the price of Bitcoin to decrease in the near term. Furthermore, negative funding rates may also suggest that institutional investors are shifting their interest away from…

Developing Robust and Effective AI Policies through Stakeholder Consultations Artificial Intelligence (AI) is rapidly evolving and has the potential to transform various industries and sectors. However, with this transformation comes the need for effective policies to guide its implementation and use. Stakeholder consultations play a crucial role in shaping these policies by gathering feedback and insights from a diverse range of perspectives. The Importance of Stakeholder Engagement Engaging stakeholders in the development of AI policies ensures that the interests and concerns of all parties are taken into account. By incorporating a wide range of perspectives, policymakers can better understand the…

Revolutionizing Agriculture with Innovative Agritech Solutions It must be clear that everyone depends on the well-being of agriculture, and it is unthinkable to go without food for a week. Almost everything on our table is there thanks to the agriculturists and livestock farmers who, at this moment, are also facing difficulty in providing a continuous supply to customers. Smart farming aims to help these people build on traditional practices and avoid risks by having accurate information about every stage of their business growth. Empowering Agricultural Innovations Understanding agritech on a deeper level is essential, and tech-savvy entrepreneurs have come up…

Coinbase’s Entrance into the BTCFi Space Coinbase’s move marks the latest major institution to enter the BTCFi space. The growing popularity of Bitcoin and decentralized finance has attracted the attention of established financial players, leading to increased adoption and investments in the crypto industry. The Rise of Bitcoin Bitcoin, the first and most well-known cryptocurrency, has experienced a surge in interest and value over the past decade. Its decentralized nature and limited supply have made it an attractive asset for investors seeking alternatives to traditional fiat currencies and assets. The increasing acceptance of Bitcoin by major institutions like Coinbase further…

Eigen Layer: Capital Outflows and Airdrop Controversy Eigen Layer, the leading heavily collateralized protocol for Ethereum (ETH), has experienced a significant outflow of capital, totaling at least $351 million, within the past 24 hours. This drastic drop in capital comes in the wake of revelations surrounding the protocol’s airdrop policy, which has sparked controversy and forced Eigen Layer to address the issue. Eigen Layer Airdrop Policy Controversy Reports indicate that projects such as Renzo, Altair, and ether.fi have been impacted by Eigen Layer’s airdrop policy. The protocol reserves a portion of new tokens to reward Eigen Labs and Eigen Foundation…