Crypto News: Market Slump, ETH Concerns, Friend.Tech & MORE!!
Published: 2023-08-28
Status:
Available
|
Analyzed
Published: 2023-08-28
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin needs to reclaim $29,000 to prevent further price declines.
"it appears that 29k is a critical level BTC needs to get back above to ensure everything doesn't go lower"
Pending
Ethereum insiders, including the Ethereum Foundation, Vitalik Buterin, and Jeffrey Wilcke, have been selling significant amounts of ETH in recent months.
"insiders appear to have been selling eth in recent months some of you may recall that the ethereum foundation had sent $30 million of eth to Kraken back in May ethereum co-founder Jeffrey wilker did the same with $40 million of eth in June and just last week ethereum Creator vitalic buaran transferred $1 million of eth to coinbase"
Pending
Sales by Ethereum insiders, particularly the Ethereum Foundation, have historically preceded local tops for ETH's price.
"there seems to be a correlation between sales by ethereum insiders most notably the ethereum foundation and eth's price the foundation sales have historically happened around local tops for eth"
Pending
Shiba Swap's BONE token is used for transaction fees on Shibarium, and its price has been volatile following Shibarium's recent launch and initial issues.
"bone is used to pay for transaction fees on sharum bone has had a volatile month which makes sense considering that sharum launched early this month and experienced some block production issues shortly afterwards"
Pending
dYdX token's price increase is likely due to anticipation of its new Cosmos-based blockchain.
"the anticipation of the launch of the dex's own Cosmos based blockchain"
Pending
Smart money is reportedly accumulating dYdX.
"according to nansen the smart money has recently been accumulating dydx"
Pending
TON Coin's price surged due to the release of its Ethereum bridge.
"ton appears to have pumped in response to the release of ton coin's ethereum bridge"
Pending
Quant Network's QNT token saw a price increase due to its work on CBDCs and a new crypto patent.
"quant network whose q&t token appears to have pumped in response to the Project's ongoing work on Central Bank digital currencies or CBD es and the news that it secured a new crypto patent"
Pending
Quant Network's QNT token is poised for a significant move, either up or down.
"q&t could see an imminent move to the upside or the downside"
Pending
A bearish head and shoulders pattern on the total crypto market cap suggests a potential revisit of November's lows if it breaks downside.
"a massive head and shoulders pattern seems to have been painted since the start of the year... if this bare Market Head and Shoulders breaks to the downside most coins and tokens could revisit last November's lows or worse"
Pending
If the total crypto market cap can recover in the next 1-2 weeks, the bearish head and shoulders pattern will be invalidated.
"conversely though if crypto can hold its ground and mount a recovery rally in the next one to two weeks The Head and Shoulders should be invalidated"
Pending
Expect more negative news regarding staking services in the coming weeks.
"it's possible if not likely that we will see similar headlines about staking services in the coming weeks"
Pending
Friend.tech could be the first major project to usher in the era of decentralized social media (DeSo).
"it could be the first of many crypto projects that officially Begins the age of decentralized social media or Doo"
Pending
Adoption of decentralized social media will likely be driven by necessity rather than profit motive.
"it looks like the adoption of Doo won't happen because of the expectation of profit but out of necessity"
Pending
Centralized social media's increasing censorship will lead to the adoption of decentralized social media platforms.
"we believe the adoption of Doo will occur because centralized social media will get censored to the point that it's unusable"
Pending
The EU's Digital Services Act (DSA) came into force on August 25th.
"the Digital Services act or DSA in the European Union which went into Force last Friday the 25th of August"
Pending
The DSA requires EU countries to establish 'Ministries of Truth' to combat misinformation.
"the DSA mandates every EU country to create a Ministry of Truth to fight so-called misinformation"
Pending
Digital Services Coordinators under the DSA will appoint trusted flaggers to monitor and remove content.
"each digital services coordinator will designate trusted flaggers who will Monitor and take down content they don't like"
Pending
During a crisis, the European board for Digital Services can compel social media platforms to alter content moderation, terms, and algorithms to promote 'trusted information'.
"in the event of a crisis the European board for Digital Services will instruct social media platforms to enhance content moderation change their terms and conditions work closer with trusted flaggers and tweak the algorithm to promote trusted information"
Pending
The DSA defines a 'crisis' broadly to include armed conflicts, terrorism, natural disasters, pandemics, and other serious public health threats.
"the Digital Services act specifies that a crisis includes armed conf conflicts or acts of terrorism including emerging conflicts or acts of terrorism natural disasters such as earthquakes and hurricanes as well as from pandemics and other serious crossborder threats to Public Health"
Pending
The EU's control over social media algorithms during a crisis under the DSA may be indefinite.
"there doesn't seem to be a time limit on how long the EU and its Digital Services coordinators could have a Stranglehold on the algorithm in the event of a crisis it seems that they could Grant themselves this power indefinitely"
Pending