Cryptocurrency

The 30-day correlation coefficient between Shiba Inu and Bitcoin has slipped to new lows of -0.24, according to data from on-chain analytics firm . Shiba Inu, however, continues to maintain a positive correlation with other crypto assets such as Ethereum and Dogecoin, save for Chainlink.Correlations range on a scale of -1 to +1. Lower prices for one are connected with higher prices for the other if the values are skewed negatively.That said, a negative correlation is a relationship between assets that move in opposite directions. If the correlation value is less than zero, one can confidently conclude that the two assets are moving in opposite directions. As a result, appear to be moving in opposite directions.This is as Shiba Inu charts a new course, focusing on utility as its fundamental value in its push to relinquish the status of a meme coin.At press time, the prices of Bitcoin and Shiba Inu had remained relatively steady in the previous 24 hours. Bitcoin is currently up 4.12% in September, while Shiba Inu is down 8.14% for the month.Despite SHIB’s lackluster performance in the prior months, October looks promising based on historical precedents.On average, SHIB has notched a 420% gain in October. For instance, Shiba Inu reached an all-time high of $0.000088 in October 2021.However, given the volatility of the crypto market and the fact that past performance does not guarantee future results, the price direction of Shiba Inu in October remains an open question.This article was originally published on U.Today More

Rio de Janeiro, Goiás, and Paraná will be the first states to issue identification documents on-chain through a private blockchain developed by Serpro, Brazil’s national data processing service. The entire country should be able to issue identity documents through blockchain technology by November 6, reads a decree on Sept. 25.Continue Reading on Coin Telegraph More

Former FTX CEO Sam SBF Bankman-Fried will spend at least 21 days in court as part of his criminal trial, which will begin in earnest on Oct. 4 and last until Nov. 9, according to a newly released trial calendar posted to the public court docket. The first official date of the Bankman-Fried trial is Oct. 4, where the participants will begin discussing seven fraud charges laid against SBF. There are two substantive charges where the prosecution must convince a jury that Bankman-Fried committed the crime. Five other conspiracy charges involve the prosecution convincing a jury that Bankman-Fried planned to commit the crimes. The former FTX CEO has been serving pre-trial detention at the Brooklyn Metropolitan Detention Center since Aug. 11. If considered guilty of fraud, Bankman-Fried is likely to spend the rest of his life in prison, legal specialists explained to Cointelegraph.Continue Reading on Coin Telegraph More

The firm has revealed that trading is scheduled to commence for the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF. Bitwise stated that this move will enable investors to access Chicago Mercantile Exchange Ether futures.Continue Reading on Coin Telegraph More

LPoS is a type of PoS meant to increase mining power, address inherent issues found in PoW, and improve other types of PoS, such as delegated proof-of-stake (DPoS). Balance leasing DecentralizedUnpredictable block generationFixed tokensScalabilityRewards Passive investment Allows smaller investors to participateDifficult to manipulateIncreases chances of winning rewards Retain ownershipLow barrier to entry Delegated proof-of-stake (DPoS)Pure proof-of-stake (PPoS) Proof-of-validation (PoV)Hybrid proof-of-stake (HPoS) Continue Reading on Coin Telegraph More

Based on on-chain data from Spot On Chain, the exploiter recently activated their address after a prolonged period. Presently, the wallet contains a substantial sum of $16.75 million of Ether (ETH). Continue Reading on Coin Telegraph More

Kraken is reportedly moving to offer securities trading in the United States and the United Kingdom to expand its reach and compete with popular apps like Robinhood (NASDAQ:HOOD), which offer both crypto and stock trading. On the other hand, Gemini is expanding its presence in India with a $24 million investment in its development center. Continue Reading on Coin Telegraph More

Maggie’s Edinburgh — an institution dedicated to free cancer treatment — received 114,000 pounds from Trevor Jones, a popular crypto artist from Scotland, who raised funds at a charity exhibition and auction at an annual Web3 Castle Party near Paris. Continue Reading on Coin Telegraph More