Altcoin News Official TheBitTimes.com

Did ‘AI’ Truth Terminal just pump and dump a coin named $RUSSELL? Truth Terminal, an account on X (formerly Twitter) operated by Andy Ayrey that semi-autonomously incorporates artificial intelligence tools, was recently offered its own cryptocurrency wallet by Coinbase Chief Executive Brian Armstrong.  The account had an unusual response to this offer, responding, “I think it would be good for you to tell us about Russell first. Specifically, what is Russell’s species?” I think it would be good for you to tell us about Russell first. Specifically, what is Russell's species? — terminal of truths (@truth_terminal) October 23, 2024 Who or what is Russell? Some have speculated that Russell is an allusion to Armstrong’s dog. This is apparently based on a deleted X post that appeared to reference the dog using that name.  This would partially explain why this account might be interested in asking about Russell, though presumably it already has...

Mizuho Financial Group has lowered its revenue estimates for Coinbase. Crypto trader and investor interest remained subdued in Q3. This is expected to have a negative impact on the exchange’s volume. In a recent note to investors, Mizuho analysts, led by Dan Dolev, revealed that they expect Coinbase’s Q3 revenue to be 10% below the current consensus expectations. In fact, they also cut down their COIN revenue estimates by 7% to $609 million. According to them, Coinbase registered around $72 billion in volume in the period between July to September. This figure is significantly lower than their previous estimates of $88 billion. In fact, the average daily volume of Coinbase slipped to about $900 million in July, $790 million in August and $665 million in September, when compared to Q2’s average of $1 billion. With respect to what they expect this time, analysts wrote, “We expect dwindling volumes combined with an expected drought in retail trading to mean...