Crypto news

CoinspeakerMorgan Stanley: Nvidia to Benefit from ‘Massive Shift’ in AI, NVDA Stock Jumps 7% Morgan Stanley analysts find a strong visibility for Nvidia for the next 3-4 quarters amid the AI boom. Morgan Stanley: Nvidia to Benefit from ‘Massive Shift’ in AI, NVDA Stock Jumps 7%

CoinspeakerBinance Counters SEC’s Discovery Requests by Seeking Protective Order SEC's requests have not been limited to the discovery of Binance's custody, security and availability of customer assets alone. Binance Counters SEC’s Discovery Requests by Seeking Protective Order

ADA price is gaining bearish momentum below the $0.312 support zone against the US Dollar. The price is now trading below $0.305 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.2920 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.300 resistance zone. Cardano price is struggling below $0.300 against the US Dollar, similar to Bitcoin. ADA price...

Ethereum price is struggling to climb above the $1,880 resistance against the US Dollar. ETH price is now trading below $1,860 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $1,850 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it breaks the $1,835 support zone. Ethereum price is declining below $1,850 against the US Dollar. ETH/USD remains at a risk of more...

Chainlink has expanded its integrations to a total of 12 by tapping the Coinbase-incubated layer-2 network Base. According to a recent update, Base joins the likes of Ethereum, Arbitrum, Avalanche, BNB Chain, and Polygon, among other projects. The decentralized oracle network had first announced implementing its price feeds into Base a day before the latter’s mainnet launch. The integration essentially enabled developers building on the layer-2 blockchain to access Chainlink...

Crypto fund inflows are running positive again after a three-week lull period, with the vast majority of capital rushing into Bitcoin (BTC). The renewed interest follows the release of inflation figures for July, which came in slightly better than expectations. Bitcoin Funds Back In Profit According to CoinShares’ weekly digital asset flows report, inflows to crypto funds totaled $28.5 million last week, with $27 million heading into Bitcoin. This follows a three-week period...

Javier Milei – a 52-year-old Argentine politician, businessman, and economist – collected the most votes in the country’s primary presidential elections. The leader of the political coalition La Libertad Avanza (Freedom Advances) is a keen advocate of bitcoin and a fierce opponent of the central bank. He has also gained popularity due to a crypto scandal involving the dubious digital asset platform called CoinX. Milei advertised the entity on his Instagram account in December...

Fidelity recently asked its X followers to choose a new bill denomination. Two hours later, more than half the answers were cryptocurrencies. It’s another sign of crypto’s ascendance in the global economy. The trillion-dollar multinational finance company wanted to know what new bill denomination their social media followers would come up with: You get to choose a new bill denomination (don’t ask, just roll with it). What are you choosing, and why? — Fidelity Investments...

CoinspeakerCoinDesk Lays Off 45% of Its Editorial Staff as It Explores Sales Option The investor letter noted that CoinDesk has enlisted the expertise of financial advisers to facilitate the process of onboarding new institutional and strategic investors, in collaboration with  DCG. CoinDesk Lays Off 45% of Its Editorial Staff as It Explores Sales Option

There is a war occurring in the African nation of Sudan, and bitcoin is helping residents either survive the rough conditions or escape the nation to freedom. Sudan is in a Rough State The war in Sudan is relatively new, having only begun about four months ago (April of 2023). The conflict has been fueled by many financial issues including record-high inflation, which surged beyond the 350 percent mark in 2021. In addition, the Sudanese banking infrastructure has...