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Bitcoin, Ethereum Technical Analysis: ETH, BTC Edge Lower as Mideast Tensions Rattle Markets

October 9, 2023 0

Ethereum plunged below the $1,600 level to start the week, as global markets reacted to the escalating tensions in the Middle East. Crude oil prices rallied from a six-week low, climbing by over 4% overnight. Bitcoin gave up recent gains, as traders fled to more traditional safe-haven assets.

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Smart Contract Automation Helps Dapps Maintain Data Integrity Without Relying on External Databases — Pavel Salas

October 9, 2023 0

According to Pavel Salas, the chief growth officer at Gear Foundation, on-chain smart contract automation makes applications “truly decentralized” because it “removes dependencies on centralized servers or external entities.” Salas also claimed that on-chain smart contract automation means participants can “engage in transactions or exchanges without relying on a central

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Latam Insights: Argentina Announces National Digital Currency While Peso Sinks, Volcano Energy Launches Lava Pool

October 9, 2023 0

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Argentine government announces a national digital currency project, Volcano Energy launches Lava Pool, the first Salvadoran Bitcoin mining pool, and a resolution that allows investment funds to invest in cryptocurrency comes into […]

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Gold-Backed Digital Tokens Now an Approved Payment Method Says Zimbabwean Central Bank

October 9, 2023 0

Zimbabwean residents and institutions can now pay or settle domestic transactions using the recently launched gold-backed digital tokens, the central bank has said. Bank governor John Mangudya said the central bank has enlisted the services of external auditors to “validate the availability and adequacy of gold to ZIG at any given time.” Preserving Value With […]

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Chatgpt Maker Openai Mulling Own AI Chips, Report Unveils

October 9, 2023 0

Openai, the developer of Chatgpt, is considering ways to overcome the shortage of chips needed to power its artificial intelligence (AI) product. One of the options that’s being discussed in the company, according to a recent media report, is to build its own powerful processor. Openai Reportedly Exploring Making In-house AI Chips to Deal With […]

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Berkshire Vice Chair Charlie Munger Warns Most Crypto Investments Will Go to Zero

October 9, 2023 0

Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has expressed his belief that the majority of cryptocurrency investments will become worthless. Regarding bitcoin, the executive opined: “That was the stupidest investment I ever saw.” Charlie Munger Continues to Slam Crypto Berkshire Hathaway Vice Chairman Charlie Munger expressed

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Joe Rogan Says Bitcoin Is the Most Likely Contender for a ‘Universal Viable Currency’

October 8, 2023 0

This week, Openai’s CEO, Sam Altman, delved into the nuances of artificial intelligence (AI) on the Joe Rogan Experience podcast. As they conversed, Rogan articulated that the “real fascinating crypto is bitcoin.” He then expounded on his belief that bitcoin holds the most promise to emerge as “a universal viable currency.” Openai’s Sam Altman and […]

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Social On-Chain App Stars Arena Suffers $2.9 Million Hack; Team Secures Funds to ‘Close the Gap’

October 8, 2023 0

Stars Arena, an on-chain social app built on the Avalanche blockchain, suffered a $2.9 million hack Saturday, when hackers took advantage of a vulnerability in its smart contract, draining funds. Stars Arena’s team has already announced that it has secured the funds to close the gap and will complete a full security audit on the […]

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NFTs Can’t Catch a Break as Protracted Drop in Sales Continues

October 8, 2023 0

For the seventh week straight, non-fungible token (NFT) sales have slipped further. In the last week alone, NFT transactions totaled $66.11 million, marking an 11.65% decline from the previous week. NFT Sales Bleed Out: The Unrelenting Seven-Week Descent Although the broader crypto market experienced some uplift, NFT sales didn’t mirror this positive trend. Week after […]

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Bitcoin Lingers in a ‘Neutral’ Phase as the Fear and Greed Index Signals Market Consolidation

October 8, 2023 0

On Sunday, October 8, 2023, bitcoin’s price teeters just below the $28K threshold, marking a 2.6% rise from the previous week. Presently, the Crypto Fear and Greed Index (CFGI) hovers at a “neutral” 50 out of 100, a stance it’s held over the past week. Technical data reinforces this balanced outlook, indicating bitcoin’s price movement […]