Connect with us
European Gaming Congress 2024

Blockchain

If Bitcoin Plunges Below $57,000, Here Are 3 Possible Outcomes, Ethereum ETF Approval May Be Imminent as VanEck Steps in: Crypto News Digest by U.Today

Published

on

if-bitcoin-plunges-below-$57,000,-here-are-3-possible-outcomes,-ethereum-etf-approval-may-be-imminent-as-vaneck-steps-in:-crypto-news-digest-by-u.today

If Bitcoin (BTC) fails to maintain its position above $57,000, it could trigger three significant outcomes. Rather than soaring to new highs, Bitcoin has recently been on a downward trajectory, necessitating preparedness for potential scenarios. Firstly, breaching the crucial $57,000 support level would invalidate the 200 Exponential Moving Average (EMA) as a reliable support, potentially pushing Bitcoin into bearish territory and exacerbating the ongoing sell-off.

Secondly, a drop to around $56,000 might attract a surge of buyers hoping to capitalize on what they perceive as a discounted price. However, failure to sustain this level could lead to increased liquidations and mounting selling pressure, complicating efforts to stabilize Bitcoin’s price and accelerating its decline.

Thirdly, inadequate liquidity could prompt some institutional sellers to pause their operations, creating a sideways market where Bitcoin fluctuates between $55,000 and $60,000 as buyers and sellers await more favorable conditions. Continued institutional selling, however, might drive Bitcoin’s price down further, possibly towards the $50,000 mark.

In related developments, Michael Saylor forecasts a significant price boom for Bitcoin over the next decade. Binance CEO offers key insights for navigating the crypto market, while Julian Assange receives a substantial Bitcoin donation. Ripple’s CEO criticizes SEC Chairman Gary Gensler, and ‘Rich Dad Poor Dad’ author advises holding onto Bitcoin amidst volatile market conditions.

Advertisement
Stake.com

On the regulatory front, VanEck’s filing for a spot Ethereum ETF with the SEC suggests a potential approval, following a similar pattern to Bitcoin ETF approvals. This move hints at imminent approval for Ethereum ETFs by early July, reflecting growing optimism in the cryptocurrency market.

Meanwhile, Ripple’s Emi Yoshikawa highlights the rising momentum of XRP Ledger (XRPL) in South Korea, with Infinite Block expanding its XRPL-based custody services. This strategic move aims to ensure compliance with domestic regulations and support the ecosystem’s growth through consultancy services.

Source: u.today

The post If Bitcoin Plunges Below $57,000, Here Are 3 Possible Outcomes, Ethereum ETF Approval May Be Imminent as VanEck Steps in: Crypto News Digest by U.Today appeared first on HIPTHER Alerts.

Advertisement
Stake.com
Continue Reading

Blockchain

Crypto Price Predictions: Comprehensive BlockchainReporter Platform Helps Cryptocurrency Investors Stay Ahead Of Market Volatility

Published

on

Continue Reading

Blockchain

Artificial Intelligence takes Center Stage at Blockchain Futurist Conference 2024 in Toronto

Published

on

artificial-intelligence-takes-center-stage-at-blockchain-futurist-conference-2024-in-toronto

 The highly anticipated Blockchain Futurist Conference, Canada’s Largest Web3 Event, is set to return for its sixth year to Toronto this August 13-14, 2024, with a focus on Artificial Intelligence as a core theme. This year’s event promises to offer sessions, panels, and sub-events centered around AI, highlighting how these technologies are transforming Web3 and reshaping our world. The dedicated AI segment is scheduled for Wednesday, August 14, 2024, and is accessible with all conference passes.

AI and Web3 technologies are rapidly converging to create a future that promises to revolutionize the digital landscape. AI’s ability to analyze vast amounts of data, and automate complex processes, complements Web3’s decentralized and transparent framework. This integration enables more secure, and equitable solutions across various sectors.

At this year’s event, attendees can hear from top industry leaders in AI such as:

  • Anthony Di Iorio, Founder, Ethereum, Decentral, Andiami

  • Ben-Zion Benkhin, CEO, WOMBO

  • Ashley Nandan, Google Canada, Startups

  • Ari Juels, Chief Scientist, Chainlink Labs

  • Christopher Johnson, Developer, Bad Idea AI

  • Trevor Koverko, Co-Founder, Sapien

  • JD Seraphine, CEO, Raiinmaker

  • Breeze Liu, Founder & CEO, Alecto AI

  • Christopher Obereder, Investor, Startup Chris Ventures

  • Adam Benzine, Creator & Oscar®-Nominated Filmmaker

AI Futurist Conference will also host multiple sponsors dedicated to AI organizations, such as Inference Labs, a Gold Sponsor at this year’s event.

Advertisement
Stake.com

Inference Labs specializes in developing advanced infrastructure and products for AI on Web3. Their lab focuses on AI inference interoperating on the blockchain, an essential step for building a future where anyone can access AI without counterparty risk.

Ron Chan, Co-Founder of Inference Labs, and a visionary entrepreneur dedicated to pioneering the future of Decentralized AI had this to say:

“In all my years navigating tech cycles, I have never witnessed the level of developer interest in Artificial Intelligence that we see today. We’re at an inflection point where Internet traffic is roughly split 50/50 between humans and machines. I firmly believe that inference will soon become the dominant form of Internet traffic.”

With two decades of experience as a serial entrepreneur, Ron Chan has successfully navigated the ever-evolving tech industry, leading multiple technology and infrastructure startups to successful exits. His expertise spans architecting data centers, defense projects, and developing mission-critical civil aviation applications, showcasing his versatility and adeptness in managing complex, high-stakes ventures.

Futurist Conference will also host multiple sub-events and meetups for the AI community throughout the venue on both days. These include:

Advertisement
Stake.com
  • Crypto x AI Book Signing: Ari Juels, Chief Scientist of Chainlink Labs and author of “The Oracle,” will discuss Crypto x Artificial Intelligence on the Main Stage, followed by a book signing.

  • AI Ethics Roundtable: A critical exploration of the ethical implications of AI and the transformative role of Web3 technologies.

  • AI Web3 & Robotics for Kids: A fun and interactive workshop for kids to learn about AI and Web3, with hands-on experience with robots.

  • Robots Live Onsite: Witness jaw-dropping innovations in action and experience the thrill of future technologies before your eyes.

Futurist Conference aspires to be more than just an event; it aims to create a future world within a conference, immersing attendees in the cutting-edge technologies that will shape tomorrow. By offering interactive experiences, and live demonstrations, the conference allows participants to see, feel, and engage with the latest advancements in AI, Web3, and beyond.

Futurist Conference is the perfect place for these industries to convene, providing a unique platform for thought leaders, innovators, and enthusiasts to explore the transformative potential of AI and Web3 technologies. Get ready to step into the future this August.

The post Artificial Intelligence takes Center Stage at Blockchain Futurist Conference 2024 in Toronto appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Digital Payment Market to Surpass USD 21.83 Trillion by 2031 | Skyquest Technology

Published

on

digital-payment-market-to-surpass-usd-21.83-trillion-by-2031-|-skyquest-technology
Continue Reading
Advertisement
Stake.com
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE