Thames Water Delays Business Plan Update Scheduled for Friday  Bloomberg

China AI Gold Rush Sees Retail Traders Hunting for Obscure Winners  Bloomberg

A widely followed crypto strategist is warning about the altcoin market as projects like Chainlink (LINK) correct. Pseudonymous analyst Altcoin Sherpa tells his 214,900 followers on the social media platform X that most altcoins may enter a months-long consolidation phase. “It’s quite possible that altcoins are done for the next one to four months. There […] The post Are Altcoins Done? Trader Issues Alert Amid ‘Scary’ Behavior in Chainlink (LINK) and Others appeared first on The Daily Hodl.

The cryptocurrency company founded by BitTorrent's inventor saw its IPO plans derailed last year by financial woes at its banker, Credit Suisse.

Not only has Ethereum (ETH) seen an impressive rise of nearly 100% in the first quarter of 2024 in terms of price action, but the Ethereum blockchain has also generated substantial profits of up to $369 million during this period. This unexpected profitability has raised questions about how a blockchain like Ethereum can be profitable.  Ethereum Revenue Potential As noted in a recent analysis by the on-chain data platform Token Termina, the collection of transaction fees is a critical aspect of Ethereum’s business model.  All network users are required to pay fees in ETH when interacting with applications on the blockchain, which serves as an important source of revenue for Ethereum. Once transaction fees are paid, a portion of the ETH is burned and permanently removed from circulation. This process, commonly referred to as “ETH buyback,” benefits existing ETH holders, as the reduction in supply increases the scarcity and value of the remaining ETH tokens. Thus, the daily burning of ETH contributes to the economic benefit of those holding Ethereum. Related Reading: Here’s What Would Happen If The Bitcoin Price Fell Below $58,000 In contrast to the burning of ETH, Ethereum also issues new ETH tokens as rewards to the network’s validators for each new block added to the blockchain.  These rewards are similar to traditional stock-based compensation and are designed to incentivize validators to secure and maintain the network’s integrity.  Nonetheless, it’s important to note that the issuance of new ETH tokens dilutes the holdings of existing ETH holders. According to Token Terminal, the difference between the daily USD value of the burned ETH (revenue) and the newly issued ETH (expenses) represents the daily earnings for existing ETH holders, essentially the Ethereum blockchain owners. This calculation allows for the determination of Ethereum’s profitability on a day-to-day basis. Reduced Transaction Costs Drive $3.3 Billion Growth In addition to the overhauled revenue model implemented by the Ethereum blockchain, the launch of the much-anticipated Dencun upgrade to the Ethereum ecosystem at the end of the first quarter of 2024 brought significant changes, including the introduction of a revolutionary data storage system called blobs.  This upgrade has reduced congestion on the Ethereum network and significantly reduced transaction costs on Layer 2 networks such as Arbitrum (ABR), Polygon (MATIC), and Coinbase’s Base.  Implementing the Dencun upgrade, alongside the adoption of blobs and Layer 2 networks, has significantly impacted Ethereum’s revenue.  According to Token Terminal data, the blockchain’s revenue has witnessed an 18% annualized increase, amounting to an impressive $3.3 billion. These revenue gains can be attributed to reduced transaction costs, making Ethereum a more attractive platform for users and developers. Related Reading: Bitcoin To $455,000: Expert Echoes Previous Halving Pattern Despite the positive revenue growth, it is essential to acknowledge the impact of market corrections and dampened investor interest in the second quarter of 2024.  Over the past 30 days, Ethereum’s revenue has declined by over 52%. This downturn can be attributed to the broader market dynamics and the temporary decrease in investor enthusiasm.  Examining the data over the past 30 days, Ethereum’s market cap (fully diluted) has decreased by 15.2% to $358.47 billion. Similarly, the circulating market cap has declined by 15.2% to reach the same value.  Additionally, the token trading volume over the past 30 days has declined 18.6%, totaling $586.14 billion.  ETH is trading at $3,042, up 0.4% in the last 24 hours. It remains to be seen whether these changes and the reduction in fees will have the same effect in the second quarter of the year, and how this, coupled with a potential increase in trading volume, can push the ETH price to higher levels.  Featured image from Shutterstock, chart from TradingView.com 

Institutions launching bitcoin ETFs this year have buoyed the bitcoin price to record levels. Does that mean the impact of the halving — the ...

The halving is a pivotal economic and cultural moment every four years for the Bitcoin network, fundamentally altering the economics of the ...

Significant volumes of USDT were moved from Tether's reserves to exchanges within the Ethereum ecosystem.

Indonesian Finance Chief Aims to Shield Economy From Dollar Rise  Bloomberg

Balance of Power: Aid Bills On Track To Pass in the House  Bloomberg

Walmart-Backed Ibotta Rises 17% After $577 Million IPO  Bloomberg

Bitcoin jumps to $63,000, but JPMorgan says the crypto could decline post-halving: CNBC Crypto World ... Bloomberg Originals•98K views · 2:37 · Go to ...

But it's clear some disruptive technologies beyond crypto intersect with blockchain. That includes artificial intelligence (AI). While the AI/ ...

Out of the 600 million token airdrop supply, 90 million are allocated to blockchain ecosystem developers, 49.5 million to testnet users, 380 million ...

... blockchain and virtual asset arena will enable the transformation of cutting-edge blockchain technologies into useful commercial applications.

Today's edition is brought to you by LightLink – an Ethereum Layer 2 blockchain that lets dApps and enterprises offer users instant, gasless ...

Latest Oil Prices, Market News and Analysis for April 19  Bloomberg

Meta announced the launch of Llama 3, the latest version of its large language model (LLM), on April 18, describing it as a “major leap over Llama 2.” The company said it has initially released the first two models of the current version, featuring 8B and 70B parameters, with upcoming models slated to feature 400B […] The post Meta announces Llama 3, launches dedicated AI web portal appeared first on CryptoSlate.

Goldman Sachs analysts believe that whether the upcoming Bitcoin halving will turn out to be a “buy the rumor, sell the news” event may have less impact on bitcoin’s medium-term outlook. They explained that the bitcoin price performance will likely continue to be driven by the supply-demand dynamic and continued demand for spot bitcoin exchange-traded […]

Netflix Crushes Subscriber Estimates  Bloomberg

China Market Trouble: Beijing Aims to Curb Speculation With Reform Plan  Bloomberg

Amidst the ongoing fluctuations in the cryptocurrency market, the price of Bitcoin has surged by 1.7% in the past 24 hours, hovering above the $62,000 mark. However, recent warnings from CryptoQuant, a leading crypto analytics platform, suggest that Bitcoin could face a significant downturn to $52,000 if specific key levels are violated. This cautionary note comes amidst growing uncertainty in the Bitcoin derivatives market, with derivative traders showing unprecedented caution compared to previous halving cycles. Related Reading: Bitcoin Halving Hysteria: Will History Repeat Itself Or Are We Heading For A Market Meltdown? Bitcoin Risky Level CryptoQuant’s analysis highlights declining open interest and funding rates in the Bitcoin derivatives market, indicating a “cautious” stance among traders, particularly with the arrival of several institutional participants. CryptoQuant analyst Shiven Moodley noted: At this halving, derivative traders exhibit far more caution than in previous instances. This season witnesses the entry of numerous new institutional players into the market. According to the analyst, If Bitcoin’s price falls below the critical $60,000 support level, the top cryptocurrency could experience a notable correction to $52,000, signaling a potential short-term bearish trend. Derivative Uncertainty “If the price breaks below $60,000, we might witness a decline to $52,000 before a subsequent rise.” – By @ShivenMoodley Full post 👇https://t.co/XSBnfexbzZ — CryptoQuant.com (@cryptoquant_com) April 18, 2024 However, the presence of institutional Bitcoin Spot ETFs may mitigate the severity of the decline by absorbing “excess supply from liquidations” around the $60,000 support zone. Moodley stated: If the price breaks below $60,000, we might witness a decline to $52,000 before a subsequent rise. However, given the significant dominance of institutional ETFs, I wouldn’t be surprised if they accumulate excess supply from liquidations near the short-term support level of $60,000. Analysts Sound Alarm On BTC’s Fragile Position Meanwhile, crypto trader and analyst Ali has further fuelled concerns by identifying a pivotal price level for Bitcoin. Ali’s analysis indicates that if Bitcoin drops to $50,500, over $15 billion in liquidations could occur on the Binance alone. #Bitcoin dropping to $50,500 will trigger over $15 billion in liquidations on #Binance alone! pic.twitter.com/9wQTVwprgx — Ali (@ali_charts) April 17, 2024 Such a significant liquidation event could exert immense pressure on the market, potentially leading to further price declines and heightened volatility. This outlook echoes recent warnings from prominent analyst Crypto Rover, who has also cautioned about a potential liquidation event affecting short holders if Bitcoin climbs back to the crucial price mark of $71,600. Despite these concerns, some analysts remain optimistic about Bitcoin’s long-term prospects. Crypto analyst Plan B, known for his Stock-to-Flow (S2F) model, has made bullish predictions for Bitcoin’s future price movements. Related Reading: Bitcoin Bears Beware: $3 Billion Short Liquidation Looms At This Price Mark, Warns Analyst According to Plan B, Bitcoin’s upcoming Halving event will serve as a central driver for price increases, with the cryptocurrency expected to surpass $100,000 this year and exceed $300,000 by 2025. Featured image from Unsplash, Chart from TradingView

Bitcoin's rocky week kicked off with a 14% plunge, while bullish traders were wiped out to the tune of over $1.5 billion. The price is rebounding ...

The Bitcoin halving could have implications for regulation in the U.S., U.K. and Europe.

Bitcoin has made its name as a deflationary and decentralized asset. These properties are written into the source code and cannot be altered.

Recently, a crypto analyst has made headlines with an insane price prediction for Shiba Inu (SHIB). But while SHIB is hogging the spotlight, other cryptos like Cardano (ADA) and KangaMoon (KANG) are making waves too. Some analysts even peg the Stage 5 presale star KANG as the next $0.5 altcoin in 2024. Let’s find out why.

There is a bullish market sentiment surrounding the upcoming Bitcoin halving event, set to occur on April 20, 2024. Here, the reward gained for mining BTC will be cut in half, or in other words, will move from 6.25 to 3.125.

From bnnbloomberg.ca. As Bitcoin is about to undergo a reduction in new tokens created, that should reinforce its appeal to retail investors as ...

Note: Binance is the world's largest crypto exchange; Read: <-bsp-bb-link state="{"bbDocId":"SC0Z1NDWX2PS","_id":"0000018e-f087-d583-afbf ...

Fed’s John Williams Sees No Rush o Cut Interest Rates  Bloomberg

Team testing is a key part of the development process for software companies. Team testing sessions tend to be tedious and generally disliked. We incorporated ChatGPT into the process, transforming it into a competitive activity. This approach offers numerous benefits, from engaging the entire team in understanding the product to correcting flaws.

Taking action has been a life-changing decision for me. It has brought a lot of clarity to my life and day-to-day activities. These are four principles of how action breeds clarity, and how I implement them. Learning by doing stops us from overthinking things. Embracing uncertainty allows us to confront fears and doubts.

By Alex Korotkov, CEO @ PineOx.com \ Hello, everyone. My name is Alex Korotkov. I'm a serial startup founder. I've developed several social apps previously with millions of Daily Active Users, including apps for Fox Sports, Liverpool FC, PSG, RMC Sport, and more. \n Also, I was an internationally acknowledged political prisoner in Belarus, and that's why I chose to start a startup in the social sphere. \ Despite the technological and chemical advancements of the last decades, 99.9% of CO2 extraction from the atmosphere still relies on trees and soil. This fundamental reality underpins our mission at PineOx, where we harness the power of technology not to replace, but to amplify these natural processes. Our approach is simple yet profound: facilitate tree planting on a massive scale to combat climate change effectively. \ As the CEO of PineOx and a software developer with over a decade of experience in creating apps, I have directed our efforts toward developing a platform that empowers individuals worldwide to participate in environmental preservation. Our application not only makes it easier for anyone to contribute to stopping climate change but also ensures that their efforts are transparent and impactful. \ Tech-Driven Solutions \ At PineOx, we leverage emerging technologies to enhance our tree-planting efforts. These technologies allow us to track the growth and carbon sequestration impact of each tree, ensuring every participant can see the tangible results of their contributions. We initiated PineOx because polls showed a significant increase in demand for solutions that enable widespread participation in climate action. The services currently available on the market, primarily from non-profits, lack the transparency and social components necessary for a B2C tool to succeed. By filling this gap, we aim to engage as many people as possible in becoming more environmentally responsible. \ \ Every tree planted through our app comes with a digital twin, represented by an image and location data. This feature allows our users to verify the progress of their seedlings either by visiting the planting sites or by viewing satellite imagery available on platforms like Google Maps. \ Engagement Through Innovation \ One of our core challenges is differentiating ourselves in a crowded market. At PineOx, we bet on a unique and engaging user experience through simple yet unorthodox mechanics. Users engage with our platform by completing sustainability quizzes, and PineOx commits to planting a real tree for every two quizzes completed. We then send the user an image and location of the planted tree, thus maintaining a transparent and direct connection between our users' actions and their environmental impact. \ Our app educates users about their CO2 footprint through an intuitive interface that calculates their annual emissions. We then translate these figures into the number of trees needed to offset their footprint, usually one tree every 7-14 days, depending on their lifestyle habits. This educational tool has surprised many of our users, who often don't realize the extent of their impact on the environment. \ To keep users engaged and informed about the importance of their contributions, especially during significant events like Earth Day, PineOx sends push notifications reminding them to plant more trees to maintain their CO2 neutrality. This reminder is not just a nudge; it's an invitation to participate further in quizzes that deepen their understanding of their environmental impact. \ Future Outlook \ Looking forward, PineOx is committed to expanding our technological capabilities to further enhance our environmental impact. Our future roadmap includes integrating more advanced digital solutions to enable broader participation in tree planting, addressing the urgent need to counteract rapid deforestation. By focusing on scalable solutions, PineOx aims to plant billions of trees each year, bridging the gap between deforestation and reforestation rates and ensuring a healthier planet for future generations. :::info This story was distributed under HackerNoon’s Business Blogging Program. Learn more about the program here. ::: \

MEME, powered by model-based reinforcement learning, excels in generating adversarial malware that evades antivirus systems and trains precise surrogate models. Its success hints at broader applications in cybersecurity and threat defense, with future research focusing on optimizations like ensemble surrogates.

The study compares MEME's evasion capabilities with other algorithms, showing MEME's superiority in most targets. Additionally, it evaluates surrogate model agreement scores, highlighting challenges in evading the Sorel-FFNN target despite high label agreement