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Bitcoin volatility slashes unrealized profits, STHs hit the hardest

 Bitcoin’s   extreme volatility this week has wiped out a significant amount of unrealized profits across the entire market. Data from Glassnode showed that on Aug. 1, over 85% of Bitcoin’s circulating supply was in profit, reflecting a stable and enduring bullish sentiment as the price settled at around $65,000. However, as the price began declining over the past week, a huge chunk of this profitability was wiped away. With Bitcoin dropping to below $50,000 on Aug. 5, the percentage of supply in profit fell to 71%, the lowest since October last year. Even though the price recovered to around $56,000 on Aug. 6, the supply in profit remains at just above 73%. Graph showing the percentage of Bitcoin’s circulating supply in profit from July 24 to Aug. 6, 2024 (Source: Glassnode) Both long-term and short-term holders saw a sharp increase in their supply held in loss. On Aug. 1, STHs held 1.603 million BTC in loss, but this figure rose to 2.868 million on Aug. 5 befo...

Popcat Leads Top Meme Coin Gainers as Shiba Shootout Nears $1M Milestone

  Meme coins are bouncing back, and Popcat (POPCAT) is leading the way. This cat-themed token has surprised everyone, climbing back to the $0.579 level. Meanwhile, Shiba Shootout (SHIBASHOOT) is also picking up steam in its presale – and is fast approaching the $1 million funding milestone. Popcat Tops CoinMarketCap’s Gainers List with 123% Rally Popcat is having quite a moment. It’s currently at the top of CoinMarketCap’s gainers list, having rallied 123% from Monday’s low, completely erasing the weekend’s losses. Technical analysts are also watching POPCAT as it approaches a key level. It’s currently testing the 50-day EMA, which is an indicator of the medium-term trend. Historically, when POPCAT has broken above this level, it’s often marked the beginning of another bullish leg. If POPCAT can break through this dynamic resistance level, the next target could be the July 27th high of $0.95. Of course, such a break isn’t guaranteed. A rejection of the 50-day EMA could al...

Messari and CryptoRank Research Highlight TRON’s Surging Onchain Activity

  Disclosure:   This is a sponsored post. Readers should conduct further research prior to taking any actions.   Learn more › Geneva, Switzerland – August  7 , 2024 –   Messari , a leading provider of digital asset markets intelligence products, and  CryptoRank , a leading crypto industry research & analytics platform, have released research reports highlighting the TRON network’s significant surge in onchain activity over six consecutive quarters. These reports highlight a continuous rise in network engagement and emphasize TRON’s robust, reliable technical architecture and impressive scalability. Messari Research Messari’s research report introduces TRON as a public, open-source blockchain network distinguished by its security and efficiency. TRON secures its network using a Delegated Proof-of-Stake (DPoS) mechanism combined with the Practical Byzantine Fault Tolerance (PBFT) consensus algorithm. The TRON Virtual Machine (TVM), which is compatible wit...

The Impact of Cryptocurrency on Privacy and Data Security

The Impact of Cryptocurrency on Privacy and Data Security! Cryptocurrency has emerged as a revolutionary force in the world of finance, offering unprecedented levels of privacy and security. As digital currencies like Bitcoin, Ethereum, and many others gain widespread adoption, their impact on privacy and data security has become a topic of significant interest and debate. This article delves into how cryptocurrencies are reshaping the landscape of privacy and data security, exploring both the benefits and challenges they bring. Privacy in the Age of Cryptocurrency One of the most touted advantages of cryptocurrencies is their potential to enhance privacy. Traditional financial systems often require extensive personal information for transactions, exposing individuals to the risk of data breaches and identity theft. Cryptocurrencies, on the other hand, enable users to make transactions without revealing their identities. This is primarily achieved through the use of cryptographic techn...

In financial disclosure Thomas adds two “inadvertently omitted” trips from billionaire Crow

Eight of the nine justices’ financial disclosure forums were released on Friday. (Fred Schilling, Collection of the Supreme Court of the United States) Justice Clarence Thomas revealed on Friday that conservative billionaire Harlan Crow paid for two trips in 2019, involving a hotel stay in Bali, Indonesia, and at a private club in Sonoma County, Calif. The news came as part of the justices’ annual financial disclosures, which are filed in mid-May and released in early June each year. The forms published online on Friday by the Administrative Office of the U.S. Courts chronicled the justices’ book royalties – including an advance of nearly $900,000 for the court’s newest justice, Ketanji Brown Jackson – as well as their teaching gigs, gifts, and investments. The disclosures are relatively opaque and are intended to provide information about potential conflicts of interest and the justices’ compliance with ethical standards rather than snapshots of the justices’ wealth. Financial disclo...

Biden scales back final fuel economy standards

Washington — In a move that tries to balance the fight against climate change with difficult business and political realities, President Joe Biden’s administration on Friday scaled back fuel economy standards set for new vehicle sales into the next decade. The administration released its final regulation Corporate Average Fuel Economy standards, commonly known as CAFE. The new rules represent a final piece in Biden’s vision — put into practice by a series of regulations — for how big a role the auto industry should play in curbing U.S. greenhouse gas emissions. The standards come as the president faces a tough reelection battle this fall with former President Donald Trump, a persistent critic of electric vehicles and high fuel economy standards. Trump has vowed on this year’s campaign trail to do away with policies he frequently labels as electric vehicle mandates. Such comments have helped turn zero-emission electric vehicles — so far a rocky, unprofitable business for most domestic...

To lead a technology team, immerse yourself in the business first

Leading a technology team these days — whether you’re a chief information officer, chief innovation officer, or other IT manager — is no longer a matter of corralling programmers and administrators into a common purpose. Now, CIOs and other tech leaders need to corral the rest of the business into their orbits as well. The question is: Are IT teams still too entangled in managing infrastructure, applications, and related security issues to lead their businesses down new paths?   Also: 5 ways to prepare for the impact of generative AI on the IT profession Technology leaders such as CIOs are increasingly tasked with running the business and moving it forward, a recent Deloitte survey of 211 CIOs confirms. Close to half of the respondents, 46%, report their greatest priority this year is shaping, aligning, and delivering a unified tech strategy and vision.  In addition, they have high visibility, and many roles beyond the CIO are now involved. Nearly two-thirds (63...