In the first half of 2024, the Nigerian currency depreciated by nearly 40%, making it the worst-performing currency during that period. Meanwhile, the Kenyan shilling appreciated by 20.7%, ranking it as the best performer. The depreciation of the Nigerian naira was primarily driven by U.S. dollar shortages. Naira Falls for 9 Straight Days The Nigerian […]
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Openai Co-Founder Ilya Sutskever Steps Down, Jakub Pachocki Named New Chief Scientist
Ilya Sutskever, a co-founder and the chief scientist at Openai, announced his departure from the company after nearly a decade to work on a “personally meaningful” project, without specifying further details. Jakub Pachocki, previously the director of research at Openai since 2017 and the lead on the development of the GPT-4 large language model, has […]
Bitcoin News
Chainalysis Named Council Member of MENA Banking Group’s Digital Asset Lab
Chainalysis, a blockchain analysis firm, has been appointed as a council member of Digital Asset Lab. The firm will use its expertise to assist Emirates NBD’s lab in understanding market trends and client needs. The Digital Asset Lab’s objective is to comprehend how Emirates NBD’s customers can utilize digital assets and the associated technology. Leveraging […]
Bitcoin News
Indonesia Based Boy Named Ghozali Becomes Millionaire By Selling Selfies On OpenSea As NFTs
Non-fungible tokens, NFTs, continue to make waves within the crypto ecosystem as an excellent means for profitability. As a result, many new and recent collections are rising as headlines through their massive accumulation of funds.
One of the trendy NFTs is Ghozali’s from an Indonesian youth who has sold over 1,000 selfies as NFTs on OpenSea. The selfies have been his daily collection for the past five years.
The Indonesian boy, Sultan Gustaf Al Ghozali, is 22 years old and held from Semarang. Ghozali, currently studying computer science, decided to take daily selfies some years back. Through this everyday action that he kept from 2017 to 2021, the boy now has more than 1,000 photos.
Related Reading | Cardano Enters The Basho Stage: How It Improves Performance
Reporting through his official Twitter account, Ghozali disclosed that his aim for taking his selfies for five years is to create a unique video. He said that the video would be done after his college graduation.
With the emergence and popularity of NFTs, Ghozali made a twist in his plan and decided to mint his photos into NFTs. This led to his subsequent sales of the NFTs on OpenSea.
According to a tweet on January 10, 2022, Ghozali has commenced uploading his selfies on the OpenSea platform with a project name, ‘Ghozali every day.’ This post revealed that the cost of each picture is 0.001 ETH.
Despite its lack of significant artistic value, the project maintains a floor price of 0.42 ETH. Furthermore, Ghozali every day currently has over 355 ETH of traded volume. About 498 addresses now own an NFT from the project’s collection.
ETH follows bearish trend | Source: ETHUSD TradingView
IreneDAO NFTs Follow The Same Success Trend
In a similar wave, Irene Zhao’s NFT initiative is taking more ground among the top topics within the last week. Irene Zhao, a prominent personality within the crypto space, is an advisor at Konomi Network.
Her recent NFT initiative project, tagged IreneDAO, aims to become a global grassroots movement that will disrupt the creator economy. Currently, the project collection comprises Zhao’s photos with transcriptions on them inspired by memes.
Related Reading | Cardano Hits Bottom? What You Should Consider Before Rushing Into ADA
Reports from OpenSea revealed that the floor price of the IreneDAO collection has been below 0.2 ETH for a few past days. However, it is presently sitting at 3.59 ETH. Moreover, its traded volume has moved over 1,800 ETH from its time of initiation.
Featured Image from Shutterstock and Charts by TradingView
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AGM Group Affiliate HighSharp Named In Patent Infringement Lawsuit By Canaan
Beijing, China, November 12, 2021 – AGM Group is aware of a lawsuit filed by Canaan on November 3, 2021, which names its affiliate HighSharp and Sichuan Yibimei Technology Co. for patent infringement. Canaan has requested both companies halt their infringing practice and compensate for economic losses and expenses to the tune of RMB 90 million.
The patent in question was filed by Canaan Technology and registered by the China National Intellectual Property Administration and remains legally valid to this day.
In the appeal, Canaan alleged that cryptocurrency mining machines designed and manufactured by HighSharp and distributed by Yimbimei had involved patented processes held by the company. HighSharp is said to have applied existing and legally protected patent without obtaining permission from Canaan, thereby infringing on its patent rights.
HighSharp is yet to make a public response to these allegations brought forth by Canaan.
AGM Group And HighSharp
AGM Group entered into a strategic partnership in 2021 to bring the latest generation chips and production services to the mining industry. In September this year, the two companies announced a six-month strategic cooperation agreement, the terms of which include that Highsharp will license AGM for priority use of its latest generation of chips and production services; while AGM commits to developing relevant business customers and complete orders of at least US0 million within the cooperation period; after reaching the sales goal, the two sides will build a joint venture to development exclusive chip for AGM.
About AGM Group
AGM Group Holdings Inc., is a financial integration company focused on high-performance chip solutions. Headquartered in Beijing, China, the company provides chip design, chip research, and development, and produces crypto mining hardware. AGM Group Holdings Inc. which trades on the NASDAQ with the ticker AGMH also provides fintech software services. AGMH aims to be a major player and contributor to the global blockchain ecosystem.
About HighSharp
Found in 2016, HighSharp operates businesses including R&D of servers and computers, machine assembly and sales, as well as the technology development and sales of electronic components, integrated circuits, and instrumentation accessories. Angaomeng Holding (AGMH.US) is an integrated technology company that focuses on high-performance ASIC chip solutions, including chip design, chip development, and cryptocurrency miner production.
There’s a New Addition in the Crypto Galaxy Named Dogelon Mars (ELON)
It is one of the fastest-growing cryptocurrencies of the present time, gaining rapid momentum owing to its incredible features.
The world of crypto has attracted enough players, and it was only a matter of time before a few crypto space cadets conquered newer territories. Altcoins have gained much prominence of late and have now forayed into space, Mars to be precise with Dogelon Mars (CCC: ELON-USD). Since the time it set its eyes on the crypto space, it has been gaining consistently. Dogelon Mars has stated that it is not merely a meme coin but comes across as an absolute universal currency for the people.
In today’s ever-growing crypto markets, investors are always looking for opportunities for turning their investments profitable. Dogelon Mars has made its presence felt at the right time, giving limitless possibilities to investors in a market that was thought of failing big time. With time, it has been proved that it is one of the most lucrative markets in today’s time. The stepping in of Dogelon Mars proves that cryptocurrencies are here to stay and have a great shelf life in the markets.
Dogelon is based on a liquidity pool model having a total supply of 1 quadrillion ELON, out of which 50% were sent to the wallet of Ethereum (CCC: ETH-USD) founder Vitalik Buterin, which is an ongoing practice for the dog-themed altcoins that have been making much noise in current markets today. In contrast, the other 50% are in an inaccessible liquidity pool. There is no presale of Dogelon which gives its access to developers or early investors before it gets allotted to the public.
Dogelon Mars started off at an investment of 0 and those who had invested early stand in gaining an impressive amount. It’s always profitable to invest in well-researched coins or tokens as it gives tremendous returns as Dogelon has offered since its launch. There are plenty of options to buy Dogelon Mars through a few minor exchanges like Poloniex and 0x Protocol. The most popular exchange for the token, though, is UniSwap (CCC: UNI-USD). So, what are you waiting for? Go ahead and invest in the most lucrative cryptocurrencies of present times – Dogelon Mars.
New Bitcoin Trading Indicator Named After Iconic Trader Signals Buy
A new technical analysis indicator has been launched that is named after an iconic trader who accurately predicted Bitcoin’s bottom over a year before it happened, due to his familiarity with parabolic assets retracing after an overly powerful rally.
The indicator in question gave a sell signal just before last week’s massive Bitcoin price crash, and it just gave a buy signal on the daily, suggesting a powerful reversal may be near.
New Bitcoin Price Chart Indicator Named After Peter Brandt
Crypto investors and traders often perform technical analysis to assist them with predicting trend changes, finding entries and exits for positions, and much more. Technical analysis consists of drawing lines to form patterns on charts in combination with a number of indicators and oscillators.
Related Reading | Peter Brandt Calls For 80%+ Bitcoin Price Decline Over A Year Ago With Chilling Accuracy
A new indicator created by a prominent crypto analyst has been named after Peter Brandt, an iconic professional trader of a variety of markets with over 40 years of experience. Peter is one of the main seats on Bitcoin.Live, alongside some of the best traders the industry has to offer, and has made chillingly accurate calls when it comes to Bitcoin price.
The new Peterbolic SAR has been published and is available to the public for free! Wouldn't you know that it just flashed a $BTC buy signal a few hours ago on the daily. Let's watch and see how it plays out : )
Full description can be found here: https://t.co/G0HL1g6fe4 pic.twitter.com/ZRGpf7uIE9
— Financial Survivalism (@Sawcruhteez) October 3, 2019
Peter Brandt called Bitcoin’s bear market bottom just days after the asset’s parabolic advance was broken at the end of 2017 into early 2018. Given how on target Brandt has been in predicting Bitcoin price, an indicator bearing his namesake will need to be extremely accurate.
Peterbolic SAR Gives Buy Signal Suggesting Potential Reversal Ahead
The new indicator, created by crypto analyst Sawcruhteez and Casey Bowman, is a play on the name of the parabolic stop and reverse method indicator and is based on Peter Brandt’s 3-day trailing stop rule. It has been aptly named after Peter Brandt, dubbing the indicator “Peterbolic SAR.”
If the indicator is anywhere as accurate at Peter Brandt himself, then a bullish reversal in Bitcoin may soon be coming. The indicator just gave a buy signal on Bitcoin’s daily price chart.
Prior to this buy signal, it flashed a sell signal in early September. A couple of weeks later, Bitcoin price dropped 20% to the current price range it is trading in.
Related Reading | Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years
While crypto analysts are torn as to where the bottom of this correction may be, if the signal confirms soon with a powerful upward movement, then the correction may have already bottomed around the mid-,000 range.
However, it’s worth noting it took almost three weeks for Bitcoin to crash after the sell signal, so there may still be some downside movement ahead of any strong rebound or reversal.
The new Peterbolic SAR indicator is available for free on TradingView.
The post New Bitcoin Trading Indicator Named After Iconic Trader Signals Buy appeared first on NewsBTC.
Michael Ford Named Newest Bitcoin Core Code Maintainer
Long-time Bitcoin Core contributor Michael Ford has been named the newest maintainer of the open-source software project.
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Bitcoin-Supporting Payments Firm Square Named Yahoo Finances Company of the Year
n Bitcoin-supporting payments firm Square has been named Yahoo Finance Company of the Yearn
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Venezuela Named Cheapest Country to Mine Crypto as El Petro is Launched
As president, Nicolas Maduro rolls out the El Petro ICO, Venezuela is named the cheapest country in the world to mine Bitcoin. But is it also the most expensive place to live?
The manual for the first 82.4 million units of the Venezuelan cryptocurrency, El Petro was made available for download in multiple languages yesterday to much international criticism. The digital currency, which is linked to the countries oil reserves, has been derided as a workaround of the economic sanctions created to allow those in power to increase their wealth in the crypto market.
President Maduro announced that the valuation of the Petro’s 100 million tokens would be just over billion and that the sale would bring a new economic era to the nation.
Cheapest Mining In The World
Meanwhile, the country has been named the cheapest location in the world to mine cryptocurrency. According to the company Elite Fixtures which carried out a study on the cost of mining around the world Venezuela is more than 100% cheaper then it’s near neighbor Trinidad and Tobago.
According to the company they took statistics supplied by countries and agencies around the world on electricity costs and compared the use on three of the most popular mining rig configurations. The cost in Venezuela was 1 followed by Trinidad at ,190 with South Korea coming in at ,170 per coin, the most expensive in the world.
China, Russia, and The United States present similar costs. China being slightly cheaper at ,965 while both Russia and the US are around ,700.
But Also The Highest Cost Of Living
While making money mining Bitcoin in the Latin American country may be very profitable due to its subsidized electricity doing almost anything else is very expensive. Inflation over recent years in Venezuela has been as high as 800% by some estimates making the Bolivar essentially worthless as the government prints more and more of the currency.
The oil-rich country carries a 14% budget deficit of its GDP and a 60 trillion debt after decades of mismanagement by corrupt or just truly wrong-minded leadership. Though the official exchange rate is about 6.3 Bolivar per US Dollar the black market rate is multitudes higher, perhaps as high as 100 times that.
Factor in the scarcity of everything from food to medicine, as well as a crime rate that has soared over the last three years and it’s clear that the cost of living in the country would offset the advantage of cheap electricity. Given the dire state of the economy as well as the government’s oblique regulatory stance on Bitcoin and other cryptocurrency trading the launch of El Petro seems an odd solution to the countries economic woes.
The post Venezuela Named Cheapest Country to Mine Crypto as El Petro is Launched appeared first on NewsBTC.