Altcoins Crash Double Digits, Bitcoin Dominance Soars (Market Watch)
The past 24 hours saw the majority of altcoins crash by a considerable margin and there are no signs of slowing down.
However, there’s also a clear discrepancy between the price performance of certain altcoins to that of Bitcoin and Ethereum, both of which have remained relatively resilient.
Bitcoin Dominance Soars
Over the past 24 hours, Bitcoin’s dominance increased to around 46% (data from CoinGecko). This is a major difference. The metric tracks Bitcoin’s share relative to that of the rest o
SMURFS Coin: Is This Memecoin Ready to Challenge SHIB With New CEX Listing Underway?
Memecoins have taken center stage and exploded in popularity, with the likes of PEPE capturing the attention of mainstream investors.
But this trend has also given birth to many new and exciting projects – just like Smurfs Coin, which is now challenging long-standing leaders like Shiba Inu (SHIB).
Smurfs Coin Doing Rounds
Smurfs Coin (SMURFS) is not to be confused with SMURF (Smurf INU) on CoinMarketCap. It’s a captivating memecoin that’s making waves in the world of cryptocurrencies. The team
Bloodbath: The Reasons Behind SOL, MATIC, ADA, SAND Crash Today
The altcoin market is under fire. Major cryptocurrencies like Solana (SOL), Polygon (MATIC), Cardano (ADA), and many others – are plummeting in value.
The heatmap below is pretty indicative of the troubles that the market is going through. It also reveals that investors are anything but confident right now.
While it’s anyone’s guess why exactly that might be, two things happened in the past few days that might provide some sort of an explanation.
SEC Names 13 Cryptocurrencies Sec
Cardano (ADA) Crashes 23% in a Day as Total Liquidations Near $400 Million
Cardano is taking a massive beating throughout the past few days. The cryptocurrency is down a whopping 23% in the last 24 hours alone.
The majority of the altcoins are also trading well in the red, triggering liquidations of close to $400 million.
Cardano (ADA) and a bunch of other altcoins are plummeting today. ADA alone is down 23% in the past day as investors fear a potential clash with the SEC.
Data from Coinglass shows that the entire market’s liquidations have ramped up to close to $400
Top 20 Data Visualization Examples
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Object Localization with CNN-based Localizers
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The summer games shows need to hit the gas pedal | Kaser Focus
The Summer Game Fest opener revealed more release dates than new games, and Rachel Kaser hopes later shows will be more exciting.Read More
Cryptocurrencies Can’t Be Allowed to Undermine Public Trust in Capital Market, Gensler Says
Following lawsuits against Binance and Coinbase, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has made his intentions clear about the digital assets class. These are securities, nothing less, he asserted in a recent interaction.
They should be registered with the agency before being offered to investors or meet the requirements to seek exemptions, a CNBC report quoted him. He added that exchanges listing cryptocurrencies must also register themselves with the regulatory ag
Here’s a rough estimate of how many people recent SCOTUS rulings might kill
Enlarge (credit: Zach Gibson/Getty Images)
Three landmark Supreme Court decisions in 2022 have each been widely criticized by health experts as threats to public health, but a study released Thursday in JAMA Network Open modeled their collective toll. The study found that, by conservative estimates, the decisions will lead to thousands of deaths in the coming years, with tens of thousands more being harmed.
The three decisions included: one from January 13, 2022, that invalid
Acer reportedly sent Russia $70M in PC gear after saying it paused business there
Enlarge / Acer continued selling laptops, like these Chromebooks, in Russia after saying it suspended business there, Reuters reports.
Per a report by Reuters on Thursday, Acer said it sold monitors in Russia after publicly declaring that it would suspend business there due to the Russia-Ukraine war. In Reuters' report, Acer claimed it only sold a "limited number of displays and accessories" for "civilian daily use." Additionally, Reuters reported that Acer sold laptops in R
DOJ Identifies and Charges Mt. Gox Hackers For Stealing 647,000 Bitcoin
After over a decade, the Department of Justice (DOJ) has tracked down and charged the hackers who stole hundreds of thousands of Bitcoin from the defunct crypto exchange giant Mt. Gox.
The primary criminals identified are Russian nationals Alexey Bilyuchenko (43) and Aleksandr Verner (29).
Mt Gox Hackers Found
As stated by the DOJ in a press release on Friday, both Bilyuchenko and Verner are charged with “conspiring to launder approximately 647,000 bitcoins from their hack of Mt. Gox.”
OKX Completes 20th Quarterly Burn: Here’s How Much OKB Was Destroyed
Seychelles-based cryptocurrency exchange OKX has implemented the 20th round of its Buy-Back and Burn program, burning nearly 5.5 million OKB tokens this time.
According to a blog post, the total number of OKB tokens bought back from the secondary market and burned was 5,497,312.77, worth $258 million at a 90-day average.
OKX Burns 5.5M OKB Tokens
The crypto exchange launched the Buy-Back and Burn program in May 2019. It started repurchasing OKB from the original supply of 300 million tokens ever
Researchers discover that ChatGPT prefers repeating 25 jokes over and over
Enlarge / An AI-generated image of "a laughing robot." (credit: Midjourney)
On Wednesday, two German researchers, Sophie Jentzsch and Kristian Kersting, released a paper that examines the ability of OpenAI's ChatGPT-3.5 to understand and generate humor. In particular, they discovered that ChatGPT's knowledge of jokes is fairly limited: During a test run, 90 percent of 1,008 generations were the same 25 jokes, leading them to conclude that the responses were likely learned and
Reddit CEO doubles down on attack on Apollo developer in drama-filled AMA
Reddit’s unpopular decision to revise its API pricing in a move that’s forcing third-party apps out of business has taken a weird turn. In an AMA hosted today by Reddit co-founder and CEO Steve Huffman, aka u/spez on the internet forum site, the exec doubled down on accusations against the developer behind the well-liked third-party app Apollo, which the company had previously accused of operating inefficiently and not being a good “API” user.
Despite community backlash — which includes a site-w
Musk on path to turn Twitter into the next MySpace or Yahoo, co-founder suggests
Enlarge / Ev Williams, Twitter co-founder, delivers remarks at Web Summit in Altice Arena on November 8, 2018, in Lisbon, Portugal. (credit: Horacio Villalobos / Contributor | Corbis News)
Twitter co-founder Evan "Ev" Williams has broken his silence and joined other co-founders in expressing his dismay at how Elon Musk is running the platform.
In his first public remarks on Musk's leadership since Musk's Twitter takeover, Williams told Bloomberg's "The Circuit" yesterday tha
Dreamhack Dallas reports a record 44k attendees — what’s next?
DreamHack is an institution in the games industry — a 90s LAN party that grew into a massive event network spanning multiple continents. One of its newer branches is DreamHack Dallas — 2023 marks only the third time the event has been held. However, it’s already drawing large crowds: This year’s event drew around 44,000 atte…Read More
Billion-year-old grease hints at long history of complex cells
Enlarge / All steroids past and present share the complex ringed structure but differ in terms of the atoms attached to those rings. (credit: KATERYNA KON/SCIENCE PHOTO LIBRARY)
All of the organisms we can see around us—the plants, animals, and fungi—are eukaryotes composed of complex cells. Their cells have many internal structures enclosed in membranes, which keep things like energy production separated from genetic material, and so on. Even the single-celled organisms on t
Carvana crashes back down to earth
Carvana’s big rally is now looking more like a blip on the radar.
Shares in the online-car retailer soared Thursday, closing up by 56% from the prior day on news that it expected to post $50 million worth of adjusted EBITDA in the current quarter, powered by stronger per-car sales profitability.
For Carvana, the gains were a welcome turnaround. The company, which once had stock prices as high as $360 in 2021, had experienced a steady decline down to the single digits. However, despite topping
3 Transitions Ethereum Needs To Make: Vitalik Buterin
Ethereum co-founder Vitalik Buterin believes Ethereum still requires “three major technical transitions” to fully mature as a tech stack – and anything less will be insufficient.
In a Friday blog post, the developer highlighted what’s needed to implement each of his ideal improvements, which could include “deep changes from applications and wallets.”
Scaling, Security, and Privacy
According to Buterin, Ethereum’s three transitions include layer-2 scaling (rollups), enhanced wallet security (sma
FIS acquires banking-as-a-service startup Bond
Consolidation continues apace in the world of fintech. FIS, the fintech giant that runs a wide range of payment, banking and investment services, has acquired Bond, a startup that specializes in embedded finance, multiple sources confirmed today.
Fintech Business Weekly’s Jason Mikula broke the news last week that the deal was in the works. Our sources confirm that the deal has now closed, as of today.
FIS is not sharing how much it paid for Bond, a San Francisco-based BaaS (banking-as-a-servic