Quick Take Current data shows an intriguing shift in the Bitcoin futures market. Bitcoin’s open interest, referring to the total number of funds poured into open futures contracts, has dipped below 1.9% of the market cap, representing roughly 373,000 Bitcoin according to Glassnode. This is one of the lowest levels…
Europe remains fertile ground for the cryptocurrency ecosystem to flourish compared with harsher regulatory environments, according to prominent speakers at Blockchain Expo Europe 2023 in Amsterdam. Cointelegraph attended the event held at the RAI Amsterdam convention center for the second year running, with the Blockchain Expo forming part of a…
The past week has been marked by several significant advancements in AI, with tech giants and startups pushing the boundaries of what can be accomplished. From OpenAI’s groundbreaking update to its popular AI chatbot, ChatGPT, to Meta’s announcement of AI-powered smart glasses, the landscape of artificial intelligence is evolving rapidly,…
Bitcoin (BTC) Ordinals are boosting miner profits, but “income stress” is looming, new research warns. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode predicted fresh problems for miners after Bitcoin’s next block subsidy halving. Bitcoin halving impact on miners could be “severe” Bitcoin miner…
Quick Take The recent surge of the DXY index, with a climb beyond 106 and a looming breach of 107, is a metric that harks back to its performance at the end of November 2022. It was during this period that the cryptocurrency market witnessed a significant disruption, with Bitcoin’s…
Singapore-based exchange Crypto.com has teamed up with PayPal and Paxos to become a preferred platform for PayPal USD (PYUSD). According to a press release from Sept. 28, Crypto.com currently possesses the deepest liquidity for PYUSD trading pairs globally. The exchange has listed PYUSD for retail and institutional users, with “trading…
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The governor of the Central Bank of Brazil, addressing the Finance and Taxation Commission of the country’s parliament, said the bank has noted a significant surge in crypto adoption in the country and intends to react by tightening the digital assets regulation. During his speech on Sept. 27, Banco Central do…
The Securities and Exchange Commission (SEC) is seeking to depose Terraform Labs co-founder Do Kwon in the U.S. by Oct. 13, according to a legal filing reviewed by CryptoSlate. This comes despite Kwon currently being detained in Montenegro pending potential extradition. Kwon’s legal team argues it is impossible for him to…
Meta CEO Mark Zuckerberg has unveiled his firm’s new artificial intelligence (AI)-powered assistant — Meta AI — his answer to OpenAI’s ChatGPT, which will integrate with Instagram, Facebook, WhatsApp and, eventually, the company’s mixed reality devices. Speaking at the Meta Connect event on Sept. 27, Zuckerberg explained that Meta AI…