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An altcoin project focused on digital commodities and artificial intelligence (AI) is witnessing volatility after a surprise listing on Binance. The top global crypto exchange says it’s officially rolled out trading services for Bittensor (TAO). The announcement triggered a 9% surge in the asset to a high of $627.52 on Wednesday, before the coin dropped to $548.20 following Bitcoin’s big...
The Congressional Budget Office (CBO) projects deficits will run wild as the US national debt surpasses a staggering $141 trillion by the year 2054. In a new budget outlook report, the non-partisan federal agency estimates that the United States’ GDP will reach $85.2 trillion in three decades, but that debt will be 166% of that, or $141.432 trillion. The excessive debt could threaten the dollar’...
Two low-cap memecoins overtook Dogecoin (DOGE) in terms of weekly active traders, according to the crypto analytics firm IntoTheBlock. Degen (DEGEN) currently leads all meme assets with 129,000 active traders, followed by The Doge NFT (DOG) with 126,000. Explains IntoTheBlock, “The number of addresses that hold an asset for less than a month are classified as traders. A strong increase in...
A widely followed crypto analyst says Bitcoin (BTC) is busy accumulating for another breakout. Crypto trader Michaël van de Poppe tells his 711,500 followers on the social media platform X that gold and BTC are on their way to new all-time highs (ATHs). “Bitcoin looks like it wants to build up before another breakout. Gold continues the rally towards new ATHs as well.” Source: Michaël van de...
Stablecoin issuer Circle just rolled out a new smart contract functionality that enables holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to convert their shares into USDC. The BUIDL is asset management giant BlackRock’s first tokenized fund that invests in cash, U.S. Treasury bills and repurchase agreements. Shares are represented by a blockchain-based token and...
The approval of spot market Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) could reportedly happen in Hong Kong as early as next week According to a new report by Bloomberg, anonymous people familiar with the matter say that two companies – Chinese asset manager Harvest Fund Management as well as a partnership between Bosera Asset Management and HashKey Capital – are expected to...
A closely followed crypto trader is warning that Bitcoin (BTC) may be sending false bullish signals. Pseudonymous trader The Flow Horse tells his 209,900 followers on the social media platform X that Bitcoin may be at risk of a sudden move to the downside. “This kind of Bitcoin structure that has everyone focused on breaking out is exactly the kind that sets up a fake out that barts down and...
One of the largest guaranteed income programs in the US is preparing to hand out more cash. The Denver Basic Income Project (DBIP) is extending its $1.8 million pilot program for another six months to give as much as $1,000 to 660 participants selected for the expansion, reports the Colorado Newsline. The program initially picked 800 beneficiaries and separated them into three cohorts. The first...
FTX founder Sam Bankman-Fried has asked an appellate court to review his case two weeks after a US district judge sentenced him to spend more than two decades behind bars. In a new court document filed on April 11th, Bankman-Fried’s lawyer, Alexandra Shapiro, notified the US District Court for the Southern District of New York that the former chief executive is appealing his conviction and...
A widely followed crypto strategist is remaining bullish on one gaming altcoin this market cycle. Pseudonymous analyst Altcoin Sherpa tells his 214,300 followers on the social media platform X that Beam (BEAM) seems to have a lot more upside potential. “BEAM: one of my bags. It’s just chilling the last several weeks. Still hugely bullish on this coin and it’s still an indexed bet on crypto...