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Ethereum Underperforms Against Nvidia, Bitcoin, and Meta

5th September, 2024, Wyoming

Ethereum (ETH) is one of the most prominent cryptocurrencies. However, it underperformed against Nvidia, Bitcoin, and Meta. Due to a lack of investment interest in ETH, the risk-to-reward ratio has declined forcing traders to look for better opportunities.

The underperformance has shaken Ethereum’s market supremacy. Traditional assets and other cryptocurrencies have performed better.

Nvidia with its AI connection has far surpassed Ethereum due to its rapid growth in technology. Now, it is a top choice for conservative risk investors.

Likewise, Bitcoin is a more secure asset that retains investors’ trust, leaving ETH behind.

These issues are not solely a result of market competition. Reduced sales and purchases, scalability issues, and uncertainty about ETH 2.0 have slowly pulled away investors.

Therefore, investors are currently evaluating their Ethereum positions, as well as investing in other assets with much better returns and risk management.

The shift underlines the necessity of knowledge and flexibility in the changing environment. The current situation proves that even the major players are not protected from the fluctuations in a market.

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ZKB Partners with Crypto Finance for Crypto Trading

The Swiss based Zürcher Kantonalbank (ZKB) has now partnered with Crypto Finance to provide the brokerage of crypto assets. With the help of this, the clients of ZKB will be able to buy and sell Bitcoins and Ethereum using the bank’s mobile applications and electronic banking services.

Switzerland-based Zürcher Kantonalbank (ZKB) will deploy crypto asset brokerage services through cooperation with Crypto Finance. Through this partnership, ZKB is now is enacting a cryptocurrency trading service to enable its clients to buy and sell Bitcoin or Ether using the bank’s mobile application and eBanking.

In goal, it seeks to enhance Switzerland’s status as a global hub for financial technology and bring digital assets into the conventional finance. Peter Hubil, who is the head of digital asset solutions in Zurich Cantonal Bank – ZKB, lauded Crypto Finance’s experience in the area, and in a similar sentiment, Crypto Finance’s CEO, Stijn Vander Straeten, said that the development was to mark a crucial step in the country’s acceptance of digital assets.

Bitcoin and Ether Tumble as US Growth Worries Shake Markets

4th September, 2024, Wyoming

The crypto market has just fallen and has stirred a lot of turmoil! The cryptocurrency market underperformed pulling BTC and ETH down to 5% of losses.

Investors grapple with fears over the US economy. The Bitcoin price fell below $26000, whilst Ethereum was unable to maintain the $1600 level. This decline is due to fluctuations in the global market. Investors fear the slowdown of the US economy can badly affect risky favourites.

Altcoins weren’t spared either. Solana (SOL), Dogecoin (DOGE) and others were not spared, as the downtrend affected most tokens in the market. Overall market capitalisations suffered a decline and investors are supposed to seek safer options.

What’s behind the crash?

The lack of seriousness has been identified as weak economic signals from the US. Currently, the market remains restless as the Fed’s next step remains unknown and so does crypto.

This is indeed a rude awakening! Reminding everything is not always up in the crypto world. But there are downs too. However, the next move could make the difference.

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South Korea Investigates Telegram Over Deepfake Crimes

4th September, 2024 , Wyoming

South Korean officials are to open a criminal investigation against the messaging app, Telegram over accusations of inciting deepfake sexual assaults. The Seoul Metropolitan Police is now investigating whether the app has contributed to the spread of prohibited content, after complaints about a computer-simulated sexual abuse Telegram channel.

This will be the first investigation of South Korea’s prosecution to concern Telegram’s corporate entity. The country wants to involve French authorities and other detectives as the messenger has not been helpful in the process of exchanging with the users information before it.

Some deepfake content has been deleted on Telegram’s requests, moreover, the South Korean authorities are looking forward to establishing a partnership with the platform and create a hotline for such cases. This action is similar to similar actions taken across the world such as in France and India where governments are stepping up and dealing with all sorts of unlawful operations associated with Telegram.

Crypto Market Feels The Pain of September

In this article [Gen-Z summary]:

Bitcoin’s been on a rollercoaster ride. After the halving, prices took a nosedive. We’re in a crypto slump, and September’s not helping. But hey, when everyone’s freaking out, it might be a good time to buy.

Usually the crypto market uptrends after the halving events of Bitcoin. In 2016 and 2020, Bitcoin continued to rise above the price of halving day.

But this time is a different scenario. Bitcoin was at $63.5k on the halving day of April 2024 and now $BTC is trading at $57,000. This bitcoin trend is dragging the whole crypto market down. Will this pain continue throughout September? Let’s find out.

Screenshot 2024 09 05 at 1.06.31 AM Bitmala

September is probably the worst month for not only crypto but also for stocks. However, we should be alert that the bottom is nearby as September passes.

Screenshot 2024 09 05 at 1.15.02 AM Bitmala

Fear & Greed Index is at 29. Last month was extreme fear at 17.

In these times, we need to remember one thing: “buy when everyone is fearful, and sell when everyone is greedy”. Is it the right time to buy or sell? Decide.

Everyone must remember what happens after September ends in halving the year of Bitcoin. If you don’t know this, check out the chart of Bitcoin on a monthly timeframe.

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Shiba Inu Investors Flee to Bitnance After DAO Scandal

Following the theft of $100k at the Shiba Inu DAO, new token, BTN on the Binance Smart Chain is where investors are heading. A notable concern worth mentioning is that the recent troubles associated with the token such as its large supply and security concerns have harmed the confidence.

On the other hand, there are scarce and limited means available and recognized such as Bitnance with only 10.5 million tokens, is attracting SHIB holders. As SHIB struggles with internal and market problems, the preference for stability and value makes it a much more appealing option. The presale is picking up pace pretty quickly for Bitnance, which can be considered a rather sound means of value.

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Trump Family’s New Crypto Project Sparks Concern After Past Failure

4th September, 2024, Wyoming

The Trump family after the failure of their previous attempts are starting a new crypto project called World Liberty Financial, which is a lending and borrowing DeFi platform based on Aave and Ethereum. This can be seen as this project is quite similar to what they have done in Dough Finance that was vulnerable to a hack in July that saw the team lose $2 million.

When officially launched by Donald Trump and his sons, Eric, Don Jr. and Barron, the platform will include a governance token dubbed WLFI. However, the project has creates some controversy due to its resemblance to the previous project known as Dough Finance and the community is curious as to whether this project will go the same way.

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Kaspa’s Crypto Journey: Will It Skyrocket in 2024-2025?

4th September, 2024, Wyoming

If you are interested in the next groundbreaking in crypto, Kaspa should be prominent. While people are talking all about Bitcoin and Ethereum, Kaspa is steadily rising.

What do the Analysts predict?

Analysts believe it can be the next superstar in the crypto space.

But what sets KAS apart?

The interesting feature that sets Kaspa apart from any other blockchain project is the Proof-of-Work (PoW) mechanism. Kaspa is scalable, unlike Bitcoin, with the capability of handling huge transactions a second. It’s like Bitcoin’s twin, a faster, younger version.

What’s Kaspa doing now?

Analysts are divided in the buzz of Kaspa’s future. A few think that KAS can quickly skyrocket in the same way as Bitcoin. Some are cautious that the crypto market is unpredictable.

Consensus?

Kaspa is an interesting project, it will be further developing and drawing attention to the market.

If you are looking to diversify your crypto, then perhaps it is time to look at Kaspa. With its specific tech and increasing social aspect, Kaspa is promising and growing in 2024 and the following years.

But as you already know the world of crypto is quite risky, therefore, always do your research. Watch the developments of Kaspa: it may be the start of something big!

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Solana’s August Dip: What’s Next?

4th September, 2024, Wyoming

Is Solana (SOL) in a rough patch? SOL network transactions dropped to a multi-month in several months in August. Non-vote transactions dropped to almost 63% of its highest level recorded in July at 1.31 billion to 485.61 million. The mark is the lowest since September 2023.

What’s behind the dip? Some analysts believe it is a temporal slowdown, while others see a big problem.

But here’s the twist: Even if the U. S. Federal Reserve lowers rates in September, Solana may prevail says analysts.

Automated trading can only increase the coin’s liquidity, which might be enough to put SOL above Bitcoin and Ethereum.

Solana’s price has been lowering in the recent past. Likewise, key projects are striking, such as Solayer’s new staking window. This could attract more invested funds and therefore influence the Solana token’s value. Also, the DEX on Solana is expected to remain volatile. This creates the potential for Solana to experience a price hike in September.

But do not forget about unpredictability: the crypto game. It’s a rollercoaster that is best to watch from the sidelines. Watch this space because Solana could well turn the tables around.

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Bitcoin ETFs: $50 Billion Step Toward the Next Big Thing

3rd September, 2024, Wyoming

Is $50 billion baby steps towards something huge that Bitcoin’s making to recover?

Crypto enthusiasts are excited as such ETFs are preparing the market for mainstream adoption. But what does this all mean for the future of BTC?

These Bitcoin ETFs are a revolution, and they make things easy for traditional investors without having to hold the coins. $50 billion is just the beginning and this hints about Bitcoin’s potential to become an essential factor in traditional finance.

This is more than a trend! This indicates that Bitcoin is no longer a dizzy player, but is a major player in the global economy.

As more ETFs roll out, we can witness the entry of institutional money into the crypto space. This may significantly increase Bitcoin’s price. But with such an opportunity, there is a level of danger looming to see the evolution of these events.

The following few months will likely be crucial in determining whether the Bitcoin ETFs are the next wave in crypto or simply a minor blip. Regardless of the outcome, Bitcoin is making its presence known and the financial world is standing up and paying attention.

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