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Week in review: Ethereum shows resilience as Russia proposes fines for crypto payments

Week in review: Ethereum shows resilience as Russia proposes fines for crypto payments

The second-largest cryptocurrency by market capitalisation outpaced bitcoin by trading volume, NFTs staged a rally, Russia floated fines for crypto payments, Tron landed on Nasdaq, and more from the week. Ethereum outpaced Bitcoin The past seven days were relatively calm for crypto markets. In the first half of the week, digital gold traded in a […]

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Analyst Predicts End of Bitcoin's 'Parabolic' Rallies

Analyst Predicts End of Bitcoin’s ‘Parabolic’ Rallies

The primary cryptocurrency will no longer exhibit ‘parabolic’ rallies or ‘devastating’ bear cycles, as institutional investors have altered market dynamics and reduced volatility, according to Blockware analyst Mitchell Askew. BTC/USD looks like two entirely different assets before and after the ETF The days of parabolic bull markets and devastating bear markets are over BTC is […]

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Solo Miner Earns $372,773 for Bitcoin Block Discovery

Solo Miner Earns $372,773 for Bitcoin Block Discovery

On the night of July 27, a solo miner independently mined block #907,283 on the Bitcoin network, earning 3.154 BTC (~$372,773) in rewards and fees. Congratulations to miner 35Wu~yPhF for solving the 303rd solo block at the EU https://t.co/UWgBvLkDqc with only 49TH! https://t.co/Lpf6Tgz6TP A miner of this size only has a one in 130,000 chance […]

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Bitwise CIO Declares Bitcoin Cycles Obsolete

Bitwise CIO Declares Bitcoin Cycles Obsolete

Matt Hougan, Chief Investment Officer at Bitwise, has concluded that the four-year cycles for Bitcoin are no longer relevant. The forces that once shaped these cycles have weakened under new conditions. Why is the four-year cycle dead? 1) The forces that have created prior four-year cycles are weaker: i) The halving is half as important […]

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Experts Warn of a Cautionary Signal for Ethereum

Experts Warn of a Cautionary Signal for Ethereum

The recent surge in Ethereum’s price has led to a spike in social media mentions of the cryptocurrency. This indicator has reached a level of “extreme euphoria,” suggesting a risk of correction, experts at Santiment noted. Source: Santiment. “Since the beginning of May, Ethereum’s price relative to Bitcoin has risen by an incredible 70%. This […]

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Bitcoin Mining Difficulty Surpasses 127 Trillion for the First Time

Bitcoin Mining Difficulty Surpasses 127 Trillion for the First Time

On July 26, following the latest recalculation, Bitcoin’s mining difficulty increased by a mere 1.07%. Yet, this was sufficient to push the metric to a record high of 127.62 trillion. Source: CloverPool. Amid this change, the network’s hash rate exceeded 1 ZH/s, and the interval between blocks shortened to nearly 9 minutes. According to Glassnode, […]

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Roman Oleynikov: Quantum Computers Could Awaken Satoshi's Dormant Bitcoins

Roman Oleynikov: Quantum Computers Could Awaken Satoshi’s Dormant Bitcoins

In the era of quantum computing, blockchain security issues have become particularly pertinent. Roman Oleynikov, an IOHK researcher, discussed the quantum threat and the specifics of the Cardano cryptocurrency with ForkLog. ForkLog (FL): You have been working on the Cardano blockchain for a long time. What are the main advantages of the platform? Roman Oleynikov […]

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Galaxy Confirms Sale of 80,000 Satoshi-Era Bitcoins

Galaxy Confirms Sale of 80,000 Satoshi-Era Bitcoins

An early investor has sold over 80,000 BTC through the digital asset management company Galaxy Digital. The firm described the transaction as one of the largest by notional value in Bitcoin’s history. According to the statement, the sale of coins worth more than $9 billion was “part of a broader client strategy for estate planning.” […]

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Analyst Warns of Potential Bitcoin Retest at $110,000

Analyst Warns of Potential Bitcoin Retest at $110,000

The decline in Bitcoin’s price for the second consecutive day suggests a cooling period in the market following an overheating phase. This was stated by leading BRN analyst Valentin Fournier in a report by CryptoSlate. He noted that the correction is accompanied by a reduction in trading activity and a slowdown in the inflow of […]

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Lido's Share in Ethereum Staking Drops to 25%

Lido’s Share in Ethereum Staking Drops to 25%

Once dominant in the Ethereum staking market, Lido Finance has seen its share shrink to 25%. This marks the lowest level since March 2022, as noted by Tom Wan of Entropy Advisors. Lido’s Market Share in ETH Staking has dropped to 25%, which is the lowest point since March 2022. pic.twitter.com/zEGPLZAQHD — Tom Wan (@tomwanhh) […]

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CryptoQuant CEO Acknowledges Bitcoin Cycle Theory's Obsolescence

CryptoQuant CEO Acknowledges Bitcoin Cycle Theory’s Obsolescence

Ki Young Ju, CEO of CryptoQuant, has declared that the Bitcoin cycle theory is no longer valid, admitting the inaccuracy of his previous forecasts. #Bitcoin cycle theory is dead. My predictions were based on it—buy when whales accumulate, sell when retail joins. But that pattern no longer holds. Last cycle, whales sold to retail. This […]

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ByteDance Unveils AI

ByteDance Unveils AI “Brain” for Robots

ByteDance, the company behind TikTok, has introduced a system that acts as a “brain” for robots, enabling them to perform household tasks such as hanging clothes or clearing tables. GR-3 is a large vision-language-action model that allows robots to follow natural language commands and perform general tasks with unfamiliar objects. They can operate in new […]

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