The 2024 Santa Claus rally is about to start

Data from Santiment indicates that the power behind Chainlink’s rally to new ATHs may be dwindling. Chainlink rallied another 4% today, maintaining its place as the fifth largest crypto asset by market cap — but are investors starting to become skittish? According to on-chain analytics resource Santiment, Chainlink (LINK) investors may be “becoming increasingly uncertain in…

While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply. 83 Total views 20 Total shares Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank…

David Marcus, the head of Calibra at Facebook, has written a letter to Chairwoman Maxine Waters and members of the House Financial Services Committee in preparation for the upcoming Libra hearings, according to a report by The Hill on July 9. According to the report, Marcus wrote, "I want to give you my personal assurance that…

Bitcoin’s reliance on large-scale mining infrastructure and geographic concentration has been thrown into sharp relief by China’s recent mining crackdown. In May, China announced that it would be getting tough on crypto mining and trading as a response to financial risks. The nation’s crackdown on crypto is not new, rather it's a reiteration of previous…

Billionaire investor Elon Musk said that the futures of his AI startup xAI and social media platform X are “intertwined” after announcing the sale of X to xAI. 23992 Total views 17 Total shares Billionaire investor Elon Musk has sold his social media platform X to his AI startup xAI, sparking controversy as it coincides

Max Bronstein, who works on the Institutional Coverage team at Coinbase, believes “fireworks” are coming to the global currency market. What’s more, a spike in volatility of currencies might largely benefit the price of Bitcoin (BTC).He said:“A lot has been said on BTC's performance during bouts of equity volatility, but not as much on how…

SIMBA Chain beat competitors such as Boeing by using blockchain to underpin a war games solution for the U.S. Department of Defense. 1332 Total views 20 Total shares One often hears blockchain in the same breath as security and supply chains. This week, a winning entry to a competition organized by the United States Department of…

A recent study by blockchain-oriented research firm Clovr found that cryptocurrency coverage in the mainstream media spikes when the market drops off. The analysis tracked the correlation between coverage on crypto values over the past five years and the sentiments of published materials.Source: ClovrIn the course of its research, Clovr surveyed 48 mainstream U.S.-based and…

Turkey was expected to introduce crypto legislation in early 2024, but the local parliament is yet to report on the process.