Get your cryptocurrency news & events at cryptogeni.us! Image used for: Bitcoin and Altcoins Volatility: SEC Decision Delays Bitcoin ETF Applications

Bitcoin and Altcoins Volatility: SEC Decision Delays Bitcoin ETF Applications

Bitcoin and most altcoins experienced a price drop after the SEC decided to delay the decision on Bitcoin ETF applications. The recent volatility in BTC has been influenced by news related to Bitcoin ETFs. Bloomberg analysts have increased the possibility of a spot Bitcoin ETF approval from 65% to 75%. September historically favors bears, with negative returns for Bitcoin. The decline in Bitcoin is also impacting major altcoins such as Ether, BNB, XRP, Cardano, Dogecoin, Solana, Toncoin, P…

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Can Warren Buffett Outperform Bitcoin? Analyzing the Performance Gap

Warren Buffett, the renowned investor and chairman of Berkshire Hathaway, has long followed a value investing strategy. But can this approach outperform Bitcoin in the long run? This article analyzes the performance gap between Buffett’s portfolio and Bitcoin, highlighting the potential of the cryptocurrency as a store of value. Despite Buffett’s success with stocks like Apple, Bitcoin has consistently outperformed Berkshire Hathaway’s holdings, raising questions about the effectiveness of…

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The Future of Spot Bitcoin ETFs: Approval on the Horizon

The United States Securities and Exchange Commission (SEC) has delayed decisions on spot Bitcoin exchange-traded funds (ETFs) from several major firms. However, former SEC chair Jay Clayton believes that approval is inevitable. Clayton highlights the shift in how retail investors can access crypto through major financial institutions. The SEC has a 45-day window to approve, deny, or delay the ETF applications. Clayton expects progress in the future and emphasizes the need to bridge the gap be…

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Bitcoin’s Price Analysis: Grayscale Hype Disappears, September Losses Expected

Bitcoin’s price has fallen below $26,000, erasing all trace of the ‘Grayscale hype’ and indicating limited chance of upside, warns BTC price analysis. In August, BTC/USD lost 11.2%, and market observers are not optimistic about a rebound in September. Popular trader Rekt Capital suggests that if Bitcoin loses the rising trendline of the weekly relative strength index (RSI), further downside can be expected. Targets for a fresh drop lie at various points on the way to $23,000, according to …

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Innovative Ways to Onboard Crypto Users in Africa: Insights from Christian Duffus

Christian Duffus, founder of Fonbnk, discusses the challenges and opportunities of onboarding crypto users in Africa. He emphasizes the importance of basic infrastructure like telecommunications and explores diverse strategies for entering the Web3 industry in developing markets. Duffus also highlights the impact of education and regulation on the onboarding process in Africa.

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Robinhood Completes Purchase of Sam Bankman-Fried Stake

Cryptocurrency and stock trading platform Robinhood has completed the purchase of over 55 million shares previously held by former FTX CEO Sam Bankman-Fried. The acquisition, valued at approximately $606 million, was approved by Robinhood’s board of directors and the U.S. District Court for the Southern District of New York. This move signifies Robinhood’s commitment to growth and serving its customers and shareholders.

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Polygon’s Chain Development Kit: Unlocking Scalability and Liquidity on Ethereum

Polygon’s Chain Development Kit (CDK) is a game-changer for Ethereum developers. With CDK, developers can easily launch a ZK-powered Layer 2 chain tailored to their project’s needs. The CDK offers automatic access to liquidity across all of Polygon’s chains and the wider Ethereum ecosystem, providing on-demand scale without fragmenting liquidity. It supports various use cases, including payment-specific L2s, DeFi, gaming, social platforms, and NFT platforms. CDK is highly customizable, all…

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Crypto Market Faces Decline as SEC Delays Bitcoin ETF Decision

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Bitcoin ETF applications, leading to a 3.7% drop in the cryptocurrency market capitalization. Bitcoin, which accounts for almost half of the market, experienced a 4.5% loss. The SEC delay caused Bitwise, one of the Bitcoin ETF applicants, to withdraw its application. The market was hopeful that a Bitcoin ETF approval would attract institutional investors and bring more capital into the sector. However, the decl…

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The Risks of Cryptocurrency Self-Custody: Lessons from a Brazilian Crypto Streamer

Fraternidade Crypto, a Brazilian cryptocurrency streamer, recently lost thousands of dollars due to an unfortunate self-custody accident. During a live stream, the streamer accidentally exposed his private key, allowing someone to steal his entire Polygon stash. This incident highlights the real risks of self-custody in the cryptocurrency world. To protect your crypto assets, it is crucial to handle private keys with extreme care and avoid storing them in easily accessible places. Diversifyin…

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The Power and Challenges of AI Integration in HR

Artificial intelligence (AI) has the potential to revolutionize human resources (HR), offering innovative solutions for talent acquisition, employee retention, and workplace optimization. However, its integration is not without challenges. Concerns about data privacy, algorithmic biases, and over-reliance on technology persist. The goal is to harness the power of AI while maintaining the human-centric ethos of HR.

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U.S. Regulators Clarify AI Chip Export Policies to the Middle East

The U.S. Department of Commerce has clarified that it has not blocked sales of AI chips to the Middle East, according to a recent report. The clarification comes after concerns were raised regarding expanded export license requirements for AI chips. The report highlights that both Nvidia and AMD, two major chip manufacturers, may need to obtain licenses before selling their flagship chips to certain Middle Eastern countries. The Biden administration initially implemented export controls in…

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Protect Your Crypto Wallets: Beware of Infamous Chisel Malware

The FBI and the UK’s GCHQ have issued a joint report warning users about a new malware called ‘Infamous Chisel’ that targets Android devices. The malware, linked to the Russian cyberwarfare unit Sandworm, is specifically designed to extract sensitive information from compromised mobile devices, including crypto wallets and exchanges. The report highlights that Infamous Chisel lacks concealment techniques, taking advantage of the absence of host-based detection systems for Android devices. …

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