News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.

1US crypto ETFs are pulling Bitcoiners into TradFi: BlackRock's Jay Jacobs2Accenture stock plummets 18% to near ten-year low under dual pressure from AI impact and Middle East turmoil3Is SpaceX the Ultimate Exit Liquidity for Billionaires?

Railgun Blocks Inferno Drainer’s Attempt to Launder Stolen Funds Worth 174 ETH
Inferno Drainer failed to launder 174 ETH in stolen funds thanks to Railgun.
Cryptopotato·2024/07/12 05:16

Is there any hope for Rune?
BlockBeats·2024/07/12 04:49

Goldman Sachs Jumps On Crypto Bandwagon With Plans for Three Tokenization Projects In 2024
Insidebitcoin·2024/07/12 04:24


Bitcoin index falls to ‘extreme fear’ as BTC fails twice to breach $60K
Cointelegraph·2024/07/12 02:52

Bitcoin Exchange Exodus: Withdrawals Hit 5-Year Low Amidst Price Slide
Coinedition·2024/07/12 02:46

Altcoin Opportunities Emerge as Bitcoin Struggles: SOL, AVAX, DOGE, XRP
Coinedition·2024/07/12 02:46

A list of important news from last night and this morning on July 12
BlockBeats·2024/07/12 02:43

Greenidge Generation expands Bitcoin mining in Mississippi
Share link:In this post: Greenidge launched a new site in Mississippi with a deployment of 2,400 Bitcoin miners. The addition of Mississippi means the company now has 122 MW of total power across four Bitcoin mining facilities with about 8,000 miners in operation. Greenidge wants to explore other opportunities that support its growth trajectory.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this
Cryptopolitan·2024/07/12 00:28
Flash
06:12
ENS DAO launches Temp Check proposal: plans to expand the functions of the ENS Foundation```htmlJinse Finance reported that on June 20, ENS DAO launched a new Temp Check governance proposal, aiming to expand the functions of the ENS Foundation, extending its responsibilities to include operational management, grants programs, and long-term fund management. The proposal emphasizes that control of the ENS protocol and the right to remove directors will remain with ENS token holders. The proposal is currently in the community discussion phase.```
05:51
The global blockchain market size is expected to reach $61.096 billion by 2031.```htmlJinse Finance reported that on June 20, MarketsandMarkets released a report predicting that the global blockchain market size is expected to grow from $54.08 billion in 2026 to $610.96 billion in 2031, with a compound annual growth rate of 62.4%. The growth is mainly driven by enterprise-level blockchain adoption in industries such as banking and financial services, supply chain, healthcare, government, and retail. Enterprises are increasing investment in dApps, digital identity, stablecoin payment networks, and cloud-hosted blockchain infrastructure. The report also stated that Layer 2 scaling technology, regulatory developments, and the integration of blockchain with AI and enterprise software platforms are prompting enterprises to shift from pilot projects to large-scale production environments.```
05:49
AI threats intensify, Accenture's stock price falls to its lowest level since 2017BlockBeats news, June 20, according to the UK Financial Times, consulting firm Accenture saw its share price fall by 18% on Thursday, closing at its lowest level since 2017. The decline followed the company's downward revision of its revenue forecast, raising investor concerns that the rapid development of AI is undermining traditional IT consulting and outsourcing business models. Accenture stated that in the three months ended at the end of May, the company's new orders dropped to $19.3 billion, a 3% decrease year-on-year. The company expects annual revenue growth to not exceed 4%, below the previous upper guidance range of 3% to 5%. Accenture’s market capitalization has fallen from over $200 billion after the post-pandemic consulting boom to less than $80 billion. Accenture CEO Julie Sweet said the company is still winning business in AI-related consulting as enterprises adopt the technology, but investors are worried that AI could lead customers to rely less on consultants or bring new competition from AI startups. She also mentioned that the Middle East war had a $100 million greater impact on revenue in the most recent quarter than expected and slowed decision-making among customers in other regions. Accenture is seeking new areas for growth and has substantially increased its acquisition budget, which will reach $9 billion for this fiscal year. On Thursday, the company announced three cybersecurity-related acquisitions, including vulnerability assessment firm runZero, device security firm NetRise, and a majority stake in operational technology cybersecurity company Dragos. The total enterprise value of the three transactions is $4.2 billion.
News
