Sahm Rule indicates US recession remains likely but crypto may be set for bullish reversal
The Sahm Rule, a key recession indicator, continues to signal an elevated risk of an economic downturn in the United States, adding to bearish sentiment…
Category: Crypto Slate
Meme Coins are for Everyone (Almost)
In the popular tradition of sticking it to the man, meme coins have emerged as the ultimate one finger salute. Meme coins are seen by…
Generating only $21 in revenue in 30 days, FriendTech relinquishes control of contracts
On Sept. 8, the team behind the decentralized social media protocol Friend.Tech transferred control of its smart contract to Ethereum’s null address, effectively relinquishing control…
Bitcoin mining aids in Texas grid stabilization and harnesses wasted renewable energy in Japan
Quick Take Bitcoin mining often faces criticism for its energy consumption and environmental impact. However, it also offers significant benefits, particularly in grid stabilization and…
Musk denies that Tesla will license xAI’s technology in exchange for revenue-sharing
Tesla CEO Elon Musk’s artificial intelligence (AI) startup xAI will not be licensing out its technology to the carmaker, Musk noted in an X post…
Coinbase scores partial victory in legal battle against the SEC
Crypto exchange Coinbase secured a partial victory in federal court this week in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).…
Telegram might be an unencrypted treasure trove of data and Pavel Durov might just be a geopolitical pawn
The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. Pavel Durov, the CEO of Telegram, was arrested this week after a…
Bitcoin recovery trends show steady growth amid declining volatility
Onchain Highlights DEFINITION: Bitcoin price performance since cycle low Bitcoin’s price has demonstrated varying degrees of performance across several cycles, with 2022 marking a significant comparison…
Indian regulators to clear offshore crypto exchanges after strict AML review
India’s Financial Intelligence Unit (FIU-India) is reportedly set to approve two more offshore crypto exchanges to resume operations in the country by the end of…
VanEck shifts focus to spot Ethereum ETF, phases out futures fund EFUT
Asset management firm VanEck announced plans to close and liquidate its Ethereum futures exchange-traded fund (ETF) EFUT, according to a Sept. 6 statement. VanEck cited…