Analysts Point to Market Reset as Potential Catalyst for Bitcoin’s Next Rally

On Aug. 22, technical analyst and creator of the stock-to-flow model Willy Woo posted a chart of Bitcoin inventory on exchanges. He noted that things have been bearish until the start of August due to an influx of around 100,000 BTC from the German and US governments selling and Mt. Gox distributions. He added that “speculation has been rife creating more paper BTC.” Paper Bitcoin refers to derivatives such as futures and options that don’t involve direct ownership of the asset. Healthy Paper Bitcoin Flushout Needed However, the market crash…

McDonald’s Instagram hackers make $700K shilling Grimace memecoin

Scammers who hacked the official McDonald’s Instagram page on Aug. 21 made off with over $700,000 in Solana after using the fast food giant’s social media page to promote and rug a memecoin called “Grimace.” According to screenshots shared on X, the McDonald’s Instagram page made a series of posts promoting a sham token based on the fast food chain’s purple mascot, Grimace. Screenshot of the McDonald’s Instagram promoting Grimace token. Source: X Several posts described the sham memecoin as a “McDonald’s experiment on Solana,” which was blasted to its…

Terraform Labs’ Future Hinges on Upcoming Chapter 11 Reorganization Hearing

Terraform Labs (TFL) – the bankrupt cryptocurrency firm co-founded by Do Kwon – is set to face a Chapter 11 bankruptcy reorganization hearing on September 19. The hearing will be crucial in shaping the company’s future as it navigates the aftermath of the Terra ecosystem’s dramatic collapse in 2022, which triggered extensive legal and financial challenges. Fallout from TerraUSD and LUNA Collapse The court’s ruling will essentially decide if Terraform Labs can successfully restructure and potentially recover from bankruptcy or if it will be compelled to liquidate its assets and…

The Google Pixel Watch 2 just crashed to a record-low price at Amazon

Just ahead of the upcoming Labor Day sales event, the Google Pixel Watch 2 has dropped to its lowest price yet, nearly two weeks after the launch of its successor, the Pixel Watch 3. Amazon has the excellent Pixel Watch 2 on sale for $249.99 (it was $328.55). That’s the lowest price we’ve ever seen and $150 less than the Pixel Watch 3. Most Pixel Watch 2 colors are available, including black, hazel (gray), and bay active (light blue). Unfortunately, the porcelain colorway isn’t included. As mentioned earlier, the price drop…

Google set to face class-action lawsuit over data collection in Chrome

Google will have to answer in court allegations of collecting users’ private information inside its Chrome browser without their permission following a new ruling. A US federal appeals court has reversed a previous dismissal of the case Calhoun v. Google LLC on the basis that the lower court should have assessed “whether a reasonable user reading [Google’s privacy disclosures would think that he or she was consenting to the data collection]. Per The Verge, at the heart of the case is the allegation that Google harvested data on users of…

How to watch US Open 2024: free tennis live streams and schedule

Watch the 2024 US Open as the world’s best players descend on Flushing Meadows in the final Grand Slam tournament of the year. Below we have all the information on how to watch US Open tennis from anywhere in the world with details on worldwide TV channels, broadcasters and free streams. One year ago Novak Djokovic capped off a remarkable season with victory at the US Open. This time around the Serbian arrives in New York having failed to add to his haul of slams but with an Olympic gold…

How censorship is breaking the internet in Pakistan

Pakistanis have been battling painfully slow internet connections for almost a month – an incident that strikes a hard blow to the national economy. While the problem is certainly undeniable, it isn’t yet clear who’s to blame for it. Experts hold the government responsible for Pakistan’s internet downfall, accusing authorities of actively building a China-style firewall.  Government representatives, however, strongly dismissed the allegations. Their official statement instead blames citizens’ increased usage of the best VPN apps to bypass online geo-restrictions. Since February, people in Pakistan haven’t been able to access…

I’m shattered, but this robo vac deal might just save my house from a dust bunny invasion

Whether you work from home or you’re at the office all day, the last thing most of us want to do at the end of the working week is spend time sweeping and mopping floors. That’s where this helpful little hero comes to the rescue, and just in time, as right now you can get the Eufy X10 Pro Omni at Amazon for £679 (was £799). This deal means that there’s a tidy £120 to be saved on this self-emptying sanity saviour. It’s the lowest price we’ve seen the X10…

Why is Ethereum (ETH) price down today?

Ether (ETH) dropped 3.75% on Aug. 20, as another “diamond hand” Ethereum whale sold 15,000 ETH over the past 24 hours, onchain data suggests.  The marketwide correction occurred after it was reported that Gary Gensler, US Securities and Commission Chair, would likely be the Treasury Secretary candidate if Kamala Harris wins the US election in November.  Related: How high can Bitcoin price go in the run-up to the US election? Ethereum traders suffer $35M in liquidations Although Ether’s correction over the past day was relatively minor, the leveraged traders relied on…

As AI changes cyber forever, training is the key to keeping pace

Artificial intelligence is already changing professional working patterns across almost every industry. It has the power to drastically reduce the time we spend on routine tasks and free us up to think more strategically in our day-to-day professional lives. This is no different for the IT and cybersecurity sector – at ISACA, our survey of business and IT professionals in Europe found that almost three quarters (73%) of the businesses we surveyed reported that their staff use AI at work. Yet the key issue with AI, as transformative as it…