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As Bitcoin dances on the edge of critical price points, derivative market dynamics play a pivotal role. Delve into how contracts and options are influencing BTC's stability. The post Bitcoin Derivative Options: Analyzing Their Impact on Price Dynamics appeared first on COINOTAG NEWS .

CoinOtag

Bitcoin Derivative Options: Analyzing Their Impact on Price Dynamics

In 2023, the world witnessed a significant turning point in the realm of artificial intelligence (AI). Advancements in large language models fueled remarkable progress in generative AI, enabling these next-generation models to create original content autonomously. This breakthrough promises substantial productivity gains by automating repetitive tasks, allowing human employees to focus on higher-level functions. The ... Read more

Cryptopolitan

High-Growth AI Stocks HubSpot and MongoDB: Profit Opportunities in 2023

Investor Cathie Wood, known for her innovative investment strategies, has made notable adjustments to the holdings of her Ark Innovation ETF. The fund, which currently boasts a net asset value of $8 billion, has delivered impressive returns of 40% in 2023 thus far. This article delves into the recent developments, shedding light on Wood’s decision ... Read more

Cathie Wood’s Ark Innovation ETF Adjusts Portfolio with Tesla Sale and Palantir Purchase

Bitcoin (BTC) experienced a price drop earlier this week, falling below the $27,000 mark, as investors digested reports from the Federal Open Market Committee (FOMC) meeting following the Federal Interest Rate decision.

ZyCrypto

Anthony Scaramucci Forecasts a ‘Remarkably Bullish’ Two Decades Ahead For Bitcoin

Long-term investors in Bitcoin are increasing their power by owning 13.44 million Bitcoins: How are short-term investors doing? The post Long-Term Bitcoin Holders Now Control Over Half of the Circulating Supply! appeared first on COINOTAG NEWS .

Long-Term Bitcoin Holders Now Control Over Half of the Circulating Supply!

Developers of the interoperability blockchain Polkadot (DOT) will test a new process that aims to significantly improve the scalability of the network and expand the number of supported parallel chains. Speaking at the Polkadot Developer Conference, Sophia Gold, engineering lead at Polkadot contributor Parity Technologies, says asynchronous backing will allow the blockchain to increase the The post Interoperable Chain Polkadot (DOT) Says Roadmap in Place To Support 1,000 Parachains appeared first on The Daily Hodl .

The Daily Hodl

Interoperable Chain Polkadot (DOT) Says Roadmap in Place To Support 1,000 Parachains

All things blockchain reached a eurphoric state in 2021. Against that backdrop, certain non-fungible tokens (NFTs) mopped up millions of dollars from buyers. But, after a painful market downturn, the vast majority of those digital collectibles can't even fetch a penny. Indeed, a recent study from dappGambl, a community of cryptocurrency researchers, found that 69,795, or 95%, of the 73,257 NFT collections it analyzed have a market cap of zero ethereum ( ETH-USD ), the world's most popular altcoin. By its estimates, about 23M investors own these worthless tokens. To be clear, NFTs are digital assets , such as artwork, GIFs, and music, that are stored on the blockchain and cannot be replicated. The tokens are transferred from one owner to another using blockchain technology, which creates a digital trail from seller to buyer that verifies the transaction. Like other speculative assets, investors buy NFTs in hopes that their values rise, allowing them to be sold at a profit. “This daunting reality should serve as a sobering check on the euphoria that has often surrounded the NFT space,” the report said. “Amid stories of digital art pieces selling for millions and overnight success stories, it is easy to overlook the fact that the market is fraught with pitfalls and potential losses.” Lack of demand dappGambl, using data provided by NFT Scan, also found that there isn’t enough NFT demand to absorb supply, with 29% of collections included in the study remaining unsold. “As a result, projects that lack clear use cases, compelling narratives, or genuine artistic value are finding it increasingly difficult to attract attention and sales.” At the height of the NFT craze, it was common to see headlines focusing on tokens that sold for millions of dollars. In March 2021, for example, a Beeple artwork NFT sold for $69.3M and former Twitter CEO Jack Dorsey sold his first tweet for over $2.9M. Now, after filtering out the less significant collections in the study, less than 1% of NFTs have a price tag exceeding $6K, and the majority of the most expensive projects are priced between $5 and $100. What does the future hold for NFTs? While many suggest NFTs are in fact dead after the 2021-2022 frenzied bull market, dappGambl believes there’s still a place for them, maintaining its view that “once the dust has settled, we will start to see an evolution within NFTs.” The researchers argued collectibles like the famed Bored Ape Yacht Club could “lose relevance if they only serve as a profile picture or a ‘flex’ to the have-nots on how much you’re willing to spend on one.” Instead, NFTs should have a historical relevance or they need to be true art or provide tangible utility (that is, a specific function or use case) in order to obtain lasting value, they urged . More on NFTs Bill Gates: Cryptos, NFTs fully based on greater fool theory GameStop rolls out NFT marketplace Become An NFT Landlord And Sleep Well At Night Coinbase: The Big NFT Tailwind The Market Is Missing

Seeking Alpha

Once-hyped NFTs now are largely worthless, study finds

SPACE ID Price Prediction 2023 -2032 Decentralization and blockchain technology have transformed how we interact with the digital world, and the development of innovative projects like SPACE ID is evidence of this revolution. SPACE ID provides a universal name service network that enables decentralized domain registration, trading, and management across different blockchain networks. The ID ... Read more

SPACE ID Price Prediction 2023 -2032: Is ID a Good Investment?

Binance Coin Price Prediction 2023-2032 Binance coin and the entire crypto market have again lost momentum. BNB prices have dropped by 11.65% since touching $248.9 in August 2023. What does the future hold for Binance Coin? How much is BNB worth? The current Binance coin price is $210.43 with a 24-hour trading volume of $205,250,828. ... Read more

Binance Coin Price Prediction 2023-2032: Is BNB Ready for the Bull Run?

The CEO of the US-based cryptocurrency exchange Coinbase has argued that crypto lobbying needs to be supported before the upcoming 2024 elections. Statement from Coinbase CEO In a recent interview with Ryan Selkis, the founder of crypto analytics firm Messari, Coinbase CEO Brian Armstrong stated that US-based crypto companies are facing an “unfair” regulatory environment. The post Coinbase CEO Calls for Support of Crypto Lobbying Ahead of 2024 Elections appeared first on COINTURK NEWS.

CoinTurk News

Coinbase CEO Calls for Support of Crypto Lobbying Ahead of 2024 Elections

The CEO of the US-based cryptocurrency exchange Coinbase has argued that crypto lobbying needs to be supported before the upcoming 2024 elections. Statement from Coinbase CEO! The post A Call for Crypto Lobbying Ahead of the 2024 Elections, Says Coinbase CEO appeared first on COINTURK NEWS.

A Call for Crypto Lobbying Ahead of the 2024 Elections, Says Coinbase CEO

Cardano’s weekly development report highlighted the work done by multiple teams along with updated statistics of the Cardano blockchain.

AMB Crypto

Cardano: Will ADA react to the spike in development activity

The IRS and its global counterparts look to fortify Ukraine’s capabilities in combatting crypto-related crimes.

Daily Coin

IRS and Ukraine Join Forces to Combat Crypto-Related Crime

The impact of inflation is felt by Americans, especially in expenses like gas and groceries. While inflation has moderated compared to a year ago, housing costs, categorized under shelter, significantly contribute to the overall Consumer Price Index (CPI) increase. In August, shelter costs rose by 0.3%, marking the 40th consecutive monthly increase and showing a ... Read more

Homefront squeeze: Escalating US housing costs amidst worrying inflation

According to the projections, Federal Reserve officials are anticipating another interest rate hike by the end of this year: Will this trigger a bullish rally in Bitcoin? The post Fed Officials Expect Another Interest Rate Hike: How Will It Affect Bitcoin? appeared first on COINOTAG NEWS .

Fed Officials Expect Another Interest Rate Hike: How Will It Affect Bitcoin?

Blockchain behemoth Ripple is undergoing a major recruitment drive, strategically focusing on enhancing its Canadian workforce

U.Today

Ripple Goes on Hiring Spree in Canada

Shiba Inu, developed by the Shiba Inu team and launched at the end of August, Shibarium, a Layer-2 network, has achieved a groundbreaking success and set three important records in just one day. The Shiba Inu team, who achieved these accomplishments shortly after the launch date, attracted the attention of many crypto communities. The post Shiba Inu’s Shibarium Sets Three Records in One Day – A Game-Changing Success Story appeared first on COINTURK NEWS.

Shiba Inu’s Shibarium Sets Three Records in One Day – A Game-Changing Success Story

Upbit, South Korea's leading exchange, is having a major problem with a fraudulent deposit. Continue Reading: Fake Coin Shock to Bitcoin Exchange Upbit! It is estimated that 100,000 accounts are affected!

BitcoinSistemi

Fake Coin Shock to Bitcoin Exchange Upbit! It is estimated that 100,000 accounts are affected!

Rob Art, a Dubai-based crypto enthusiast and analyst, recently took to the X app to call the attention of his teeming followers to an XRP trendline that has surfaced for nearly four years. Describing the current XRP trendline he spotted, Rob shared an XRP daily chart, noting that XRP had always replicated the pattern in The post Based On 4-Year XRP Price Pattern, Analyst Sees 63% Drop From $0.93 Before Major Rally appeared first on Times Tabloid .

TimesTabloid

Based On 4-Year XRP Price Pattern, Analyst Sees 63% Drop From $0.93 Before Major Rally

When can traders expect midterm rise of XRP?

XRP Price Analysis for September 24

The regulatory hurdles in the US have driven several firms to look for greener pastures. Galaxy Digital is the latest to join the growing list.

Crypto Potato

Galaxy Digital Turns to Europe for Crypto Growth Amid Regulatory Struggle

The Aptos (APT) scam that occurred on Upbit exchange has stirred the waters: Thousands of accounts were affected, and the amount of fake tokens reached massive proportions. The post Upbit Exchange Faces a $3.4 Billion APT Scam! What’s Happening with Aptos? appeared first on COINOTAG NEWS .

Upbit Exchange Faces a $3.4 Billion APT Scam! What’s Happening with Aptos?

The post Shanghai Court Recognizes Bitcoin’s Uniqueness, calls it ‘non-replicable’ appeared first on Coinpedia Fintech News In a recent announcement, Tron network founder Justin Sun took to his social media platform to reveal a significant development in the legal recognition of Bitcoin. Sun shared that the Shanghai No. 2 Intermediate People’s Court has officially recognized Bitcoin as a one-of-a-kind digital currency. They believe it’s unlike virtual currencies such as Q coins …

coinpedia

Shanghai Court Recognizes Bitcoin’s Uniqueness, calls it ‘non-replicable’

Looking for a solution to slow and expensive transactions on the Ethereum blockchain? Discover Arbitrum, a smart contract developed by Offchain Labs that aims to make transactions more efficient. Say goodbye to slow transactions and hello to fast and efficient ones with Arbitrum! The post Arbitrum Enhancing Transaction Efficiency On The Ethereum Blockchain appeared first on CryptoCoin.News .

Eye of the Syndicate

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