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My Top 10 Things to Watch Wednesday, October 9th 1. The S&P 500 is little changed after a day of rebounding gains of nearly 1%. Tuesday’s market rally was driven in part by a rebound in oil prices, which had been rising due to tensions in the Middle East. Crude oil prices fell slightly on Wednesday morning. 2. The Department of Justice is considering asking a federal court to break up Google. The Justice Department’s announcement late Tuesday follows an August ruling that deemed Alphabet Inc.’s search giant a “monopoly.” I’m not a fan of the Justice Department’s proposed remedies.…
At 6 a.m. on a Saturday morning in 1974, 10-year-old Scott Neveu was standing in front of his bedroom closet in Westland, Michigan. Boxes of slot car parts, plastic model car parts, and chipped Hot Wheels were stacked neatly at his feet. His mother had not yet woken up the house for her weekend trip to Hudson’s house, and the suburban house was silent. What will he play with first? That day was a blank canvas. “I was an only child,” Neveu says, looking back 50 years. “Everyone else was playing sports with sticks and balls, and I wanted nothing…
Ripple (XRP) is acquiring another XRP ETF. Canary, a major cryptocurrency investment company, wants to offer another Ripple ETF in this domain and has filed an application with the US SEC for the S-1 XRP ETF.Also read: Shiba Inu: How long should we wait for SHIB to reach 5 cents?Another XRP ETF filedCanary, known as a major cryptocurrency investment fund, has applied for the S-1 XRP ETF. The announcement comes days after Bitwise, another prominent financial giant, announced plans to introduce XRP ETFs to investors.Canary’s application includes specific details about how the ETF process will work. The company shared more…
The Bitcoin network has seen a significant spike in activity due to an increase in on-chain transaction volume and the recirculation of dormant Bitcoins. This development, highlighted by recent data from Santiment, suggests a change in the behavior of long-term holders. According to the market intelligence platform, stagnant Bitcoin movements have historically signaled future price increases. As more dormant Bitcoins return to circulation, the market is anticipating potential upward momentum for the cryptocurrency. Bitcoin on-chain transaction volume reaches first time in 7 months The graph shared by Santiment focuses on two key metrics: on-chain transaction volume and “duration of consumption,”…
This post is an excerpt from our 2024 Geography of Cryptocurrency Report. Download your copy now! Latin America is the fifth largest region we study, representing 9.1% of cryptocurrency value received between July 2023 and June 2024. During this time period, the region received nearly $415 billion in cryptocurrency, placing it slightly above Eastern Asia. Centralized exchanges (CEXs) are the most popular service used by Latin Americans, at 68.7% — slightly behind CEX use in North America. Regional transaction value in Latin America is primarily driven by institutional and professional investors (i.e. entities transacting more than $10,000). Latin America is…
We believe that students should consider the following important points before pursuing blockchain technology:1. Understand the basics:Computer Science Fundamentals: Blockchain is built on concepts such as cryptography, distributed computing, and consensus algorithms. A strong foundation in computer science, especially in these areas, is important.2. Real world application: Beyond cryptocurrencies: Blockchain is best known for its role in cryptocurrencies, but its applications are expanding to supply chain management, smart contracts, healthcare, finance, and more.Enterprise Adoption: Enterprises are exploring the potential of blockchain to increase transparency and efficiency. It is important to understand these use cases.3. Market volatility and maturity:Evolving technology: Blockchain…
Ethereum has revolutionized the world of cryptocurrency, and its impact on online gambling is no exception. As the second-largest cryptocurrency by market cap, Ethereum offers a secure, fast, and efficient way to wager on your favorite casino games.This guide explores the best Ethereum casinos available today, highlighting their unique features, game selections, and user experiences. Whether you’re an experienced crypto gambler or new to the world of Ethereum betting, this guide will help you navigate the exciting landscape of ETH casinos.We have personally tested and reviewed each site on the list, you can read our in depth reviews below.Let’s dig…
There was a small disappointment behind the infamous polymarket, where it turned out that only 12.7% of cryptocurrency wallets were able to make a profit. Not only that, but on an on-chain prediction market platform, it appears that winners could barely make $100. Polymarket and disappointing data: only 12.7% of crypto wallets are profitable on the platform Layerhub reports that only 12.7% of crypto wallets on Polymarket were able to make a profit. Specifically, it was analyzed that out of a total of 171,113 cryptocurrency wallets on Polymarket, only 21,730 are making confirmed profits. On the contrary, the remaining 149,383…
Alphabet falls as Justice Department considers Google breakupAlphabet shares fell more than 1% after the U.S. Justice Department indicated it was considering breaking up the tech giant in the wake of the monopoly ruling.The department said in its filing that the changes are “necessary to prevent and constrain monopoly maintenance and may include contractual requirements and prohibitions, non-discriminatory product requirements, data and interoperability requirements, and structural requirements.” said.— Fred ImbertEuropean market remains strong after lackluster trading startEuropean markets got off to a lackluster start on Wednesday, but rose slightly as defensive sectors such as utilities, food and beverages, and healthcare…
In a recent development, the U.S. Supreme Court has refused to hear Battle Born Investment’s lawsuit against the government over 69,370 BTC seized in the Silk Road darknet market case, giving authorities the ability to collect the seized crypto assets. This paved the way for selling everything. This amount of BTC is currently valued at $4.3 billion.This news, apart from paving the way for the US government to sell Bitcoin, also created a broader opportunity for several financial experts to voice their opinions on the issue. One of them is peter schiffis known as a fierce cryptocurrency skeptic who insists…