$92 Million Inflows in Spot Bitcoin ETFs
Twelve Bitcoin Spot exchange-traded funds (ETFs) saw inflows of $92 million in all, according to a report published on September 23. The highlight of the weekly events was this performance, which highlighted the growing institutional interest in Bitcoin as the main digital currency. Furthermore, this suggests a deeper level of adoption in conventional finance. $17.7 billion has been invested in BTC spot ETFs since their launch in January.
However, Ethereum ETFs are still having trouble gaining traction in terms of investor interest. With $2.87 million in inflows, they were nevertheless able to end the week. Given the robust increase in value of Bitcoin ETFs, Ethereum ETFs may find it difficult to maintain their current level of traction as investors shift their focus to spot BTC ETFs. Furthermore, because Bitcoin is digital gold, it is thought of as a safe haven for investors during volatile times.
During the US Presidential Debate, Kamala Harris Talks About Crypto
Kamala Harris discussed cryptocurrencies for the first time in public this week on September 24 at the US presidential debate. Although her position on cryptocurrency had clearly changed, she continued to be unbiased about the trending issue. According to Kamala, digital currencies will surely play a significant role in finance in the future, so it’s important that we find the ideal balance between innovation and protection.
Better regulatory frameworks may be indicated by the more pro-crypto outlook that has emerged after her comments. Thus, there may be a greater interest in her reign by the government. Since she promotes security and protection in cryptocurrency innovation, this may also have a positive effect on consumers. Donald Trump, on the other hand, is perceived as a detached candidate who might grant greater freedom in the digital realm.
Possible Shiba Inu Upsurge Amid Whale Motion
A recent increase in whale activity was noted on September 24 by Shiba Inu, a well-known memecoin. Its market price may rise as a result of the renewed investor interest this indicated. The SHIB might rise by 7,145%, per a video featuring its market analysts. All the same, there is now a great deal of doubt regarding the dramatic surge forecast. Shiba Inu could reach $0.001 in price if the massive spike materializes, as of this writing, it is currently trading at $0.00001717.
Despite a 70% decline from its March high of $0.000045, the token continues to show positive momentum. Its potential for long-term growth may be revealed by the interest in whale investors. Not to mention that its community determines its price instead of its utility, which adds to the unpredictability of its future.
PayPal Increases Business Cryptocurrency Offerings
The massive international payment company PayPal announced on September 25, 2024, that it has reached a new milestone by permitting business accounts to buy, sell, and hold cryptocurrency. This is an improvement over providing crypto services exclusively to individuals. Business accounts are now able to transact digital currencies on the platform every day. Also, the choice made by PayPal is seen as a major step toward the mainstream adoption of cryptocurrencies, enhancing key characteristics and advancements.
“Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers,” stated Jose Fernandez da Ponte, Senior VP of Blockchain, Cryptocurrency, and Digital Currencies at PayPal.
The decision also aims to expand the cryptocurrency market’s commercial environment. This is predicated primarily on the fact that PayPal provides customers with direct access to cryptocurrency and a wide network of merchants. Cryptocurrencies will therefore profit immensely from this decision.
The Crypto Community Favors Donald Trump to Win the Presidency
As the United States approaches its presidential election, the cryptocurrency community has already demonstrated its backing for former President Donald Trump. The Economic Times report from September 25 revealed that Kamala Harris and Donald Trump have differing positions on cryptocurrencies. Nonetheless, Trump’s measured approach to regulations—which had been tightened during his previous term—is backed by the cryptocurrency community. He is now cited as an investor, having since modified his position. There’s a chance that less restrictions and greater latitude for cryptocurrency innovation will follow Trump’s reelection.
While Kamala and other contenders point to tighter regulations as a means of providing consumer protection, Trump takes a more detached stance. Her main concern has been this since she saw her first public review this week, and Trump’s position may have repercussions for national security.
Do We Have Enough Internet Data Left to Train AI Models?
The availability of data to train artificial intelligence (AI) models is a growing source of concern, as demonstrated by a September 25 report. Large data sets are necessary for AI to function accurately and effectively, but a recent study suggests that these datasets may be exhausting. In light of that, the possible consequences of this circumstance are heavily stressed. Predictive analysis’s ability to improve decision-making skills and decentralized finance sectors may be threatened by this.
The development of decentralized data pools could make blockchain solutions useful. This has the benefit of enabling safe data sharing. Data availability for AI training would rise as a result of this privacy preservation. It’s also critical to emphasize that the lack of this kind of data would exacerbate the situation and impede the development of blockchain applications that use AI.
Creating the Future of Decentralized Confidential Computing with SCRT Labs
The decentralized confidential computing system operated by SCRT Labs was recently examined. The organization’s main goal is to reduce worries about data privacy by imposing multi-party computation and improving security. This also holds true for other blockchain system restrictions. The technology uses multiple parties and distributes computation functions to them while keeping their data private. Thus, in a decentralized blockchain environment, this guarantees privacy.
While retaining the flawless decentralized nature of a robust blockchain, SCRT Labs confidently provides these secure computations. Furthermore, because of its ground-breaking approach to privacy applications in digital currencies worldwide, the new development will guarantee the security of cryptocurrency going forward.
Is There Misplaced Trust in Blockchain? Understanding the Dynamics
Blockleaders published a piece about blockchain network security, with a particular emphasis on the need to use strong security. Many blockchain platforms update their security protocols as soon as they are launched, according to the article’s findings. This consequently creates vulnerabilities. To keep customers’ faith in the decentralized systems, it’s critical to place a strong emphasis on security right away. As one blockchain security consultant noted, “Security should not be an afterthought; it should be an inherent part of blockchain development.”
It is imperative to implement stronger security infrastructure as more companies and people become interested in cryptocurrency and blockchain technology. Blockchain technology’s reputation can be damaged by poor security, which will reduce industry adoption of the technology.
“Agile Coretime,” Polkadot Upgrade, Offers a New Era of Efficiency
The “Polkadot Agle Coretime” update, which Polkadot just released, promises to enhance resource distribution among the platform’s networks. The Agile Coretime upgrade aims to address issues with scalability and network efficiency, according to the Blockleaders report. These are important features of both blockchain-based solutions and decentralized apps (dApps). Polkadot tackles the necessity for dApps that need efficient resource management as networks get congested.
To put it simply, resource distribution and blockchain network flexibility are the main priorities of the Agile Coretime Polkadot upgrade. “This upgrade marks a significant step forward in optimizing how Polkadot manages its network resources,” a Polkadot developer was quoted as saying.
Recent developments in the cryptocurrency space demonstrate how digital currencies and blockchain technology are becoming more and more popular. Increasing spot BTC ETF inflows and the latest Polkadot upgrade are two of the new updates. These all show that cryptocurrencies have a bright future ahead of them. Crypto regulations will be influenced by the upcoming U.S. presidential elections, though it is unclear how they will develop.
